Business Insights on Chile’s Copper Junior Exploration Pipeline
Drilling the world's supply
“Our project at Farellon showcases high-grade copper where we have been mining since 2018 averaging around 1.8%. While the region boasts larger projects with vast reserves, they often involve lower-grade deposits potentially linked to porphyry systems.”
Alastair McIntyre, CEO and President, Altiplano Metals
“We have multiple km-long intersections of over 1% copper equivalent across a 5km north-south strike length. Our objectives for exploration have been twofold: expand and understand the size of the deposit and explore uncharted areas for new potential discoveries or mineralization styles. We are planning to conduct over 40,000 m of drilling in 2024.”
Jamie Beck, CEO and President, Filo Corporation
“Initially targeted as an iron oxide, copper, and gold deposit (IOCG), we were surprised by the unusually high gold grades we encountered in our Falla 13 discovery (90 m of 0.94% copper and 0.84 g/t gold). We have since delineated significant gold grades over 800 m and discovered a parallel structure, which requires further drilling.”
Shawn Wallace, CEO, Torq Resources
“We reported 1.22 billion t of proven & probable reserves at 0.36% copper, 136 ppm molybdenum, 1.1 g/t silver. Vizcachitas has a US$2.8 billion post-tax net present value (@8%), an internal rate of return of 24% at US$3.68/lb copper, US$12.9/lb molybdenum and US$21.79/oz silver, with a pre-production capital cost of US$2.4 billion and a construction period of 3.25 years.”
Santiago Montt, CEO, Los Andes Copper
“By the conclusion of our Phase 1 program, we had delineated a 1 km long mineralized system, though its size remained undetermined as the system was still open. Phase 2 commenced in October 2022 to expand further northward, revealing the mineralized system extends over 1.4 km. With 22 successful drill holes, we are currently consolidating data to plan for Phase 3 drilling.”
Paul Gow, CEO, Tribeca Resources