Los Andes Copper Limited

Los Andes Copper is a Canadian exploration and development company that owns the advanced stage Vizcachitas porphyry copper-molybdenum deposit in Region V, Chile. Vizcachitas is located in an area of excellent infrastructure including available water, road access to the site, power approximately 40km away and ports and smelters within 200km. The deposit has the potential for a low strip open pit operation.The Vizcachitas deposit is located in the prolific central Chile Late Miocene-Pliocene metallogenic belt that also includes the world class El Teniente (128Mt Cu), Los Pelambres/El Pachon (46Mt Cu) and Rio Blanco/Los Bronces (101Mt Cu) deposits¹.The geology is typical of Andean porphyry copper molybdenum deposits and shares several characteristics with other deposits in the belt.Los Andes Copper has a strong management team to advance the project through the Preliminary Economic Assessment and Pre-feasibility Study stages.  

Los Andes Copper Ltd. is a Canadian exploration and development company focused on the acquisition, exploration and development of advanced stage copper deposits in Latin America. The company’s current focus is the Vizcachitas porphyry copper-molybdenum project, located 130km north of Santiago, in an area of good infrastructure.The property contains a NI 43-101 compliant Indicated Resources of 1,038 Mt @ 0.434 % Cu Eq (0.373 % Cu and 0.012 % Mo), containing an estimated 8.5 billion pounds of copper and 281 million pounds of molybdenum, and the Inferred Resources are 318 Mt @ 0.405 % Cu Eq (0.345 % Cu and 0.013 % Mo) containing an estimated 2.4 billion pounds of copper and 88 million pounds of molybdenum using a 0.3 % copper equivalent (Cu Eq) cut-off¹.The company has completed a Preliminary Economic Assessment (PEA) on the project where the base case has a life of mine of 28 years, initial capital expenditures of $2.9 billion, sustaining capital expenditure of $0.7 billion, and considered flat projected copper prices of $2.75/lb and molybdenum prices of $13.64/lb.On a pre-tax basis, the base case, results in an NPV of $746 million, internal rate of return (IRR) of 11.4%, and an estimated payback period from initial commercial operations (Payback Period) of 5.9 years. On an unlevered after-tax basis, the base case, results in an NPV of $274 million, IRR of 9.5%, and a Payback Period of 6.0 years.