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INDUSTRY BULLETIN: Zinc Prices Move Higher On Supply Worries, Fire at Russian Mine

Posted by Aidi Munoz at 6:26 AM on Thursday, November 9th, 2023

By AGORACOM Staff

The zinc market is enjoying an upswing, with prices soaring to their highest levels in over a month. The optimism around zinc is underpinned by supply concerns following a fire at a Russian mine project and recent mine suspensions. Currently, three-month zinc on the London Metal Exchange has surged by 1.7% to reach $2,612 per metric ton, marking the strongest performance since early October.

Ubique Minerals, with its dedicated focus on zinc exploration, is excellently poised to harness this market trend. Their strategic acquisition of Gold Mills claims, Ophir Gold claims, and the Daniel Harbor Zinc Project accentuates the company’s resolve to capitalize on this burgeoning market.

Voices of Authority:

Commenting on the situation, Dan Smith, Head of Research at Amalgamated Metal Trading, highlighted the potential bullish outlook for the zinc market. The delayed start-up of the Ozernoye project, a significant zinc-lead mine expected to produce 350,000 tons annually, is a clear indicator of the market’s vibrancy.

Ubique Minerals stands as a testament to the enduring nature of the zinc industry. The company’s strategic approach and commitment to advancing in the face of industry challenges signal its resolve to become a player in the zinc mining sector.

Ubique Minerals’ Highlights:

Ubique Minerals’ acquisition now takes them to the heart of a high-grade zinc mine. The Daniel Harbor Zinc Project was once a thriving source, having produced over 7 million tons of zinc with an average grade of 7.93%. To put it into perspective, this zinc was among the highest-grade and cleanest globally.

Ubique Minerals aims to establish a resource of at least a million tons through its drilling program. This step promises not only growth but a stronger hold on a market in need of reliable sources.

Real-world Relevance:

In simple terms, consider this as Ubique Minerals securing a treasure chest. Picture it as owning a beachside property where every grain of sand potentially holds a precious gem. The world’s desire for zinc shows no signs of waning, and Ubique Minerals is positioned to be a key supplier.

Looking Ahead with Ubique Minerals:

The future is bright for Ubique Minerals. The zinc market is robust, and Ubique Minerals has embarked on an exciting journey to become a substantial player.

Conclusion

Ubique Minerals is a name to remember in the context of zinc mining and the broader mining industry. As investors, you’re not merely observers; you’re invited to participate in the journey of a company that is not just following the market trends but steering them. This is your opportunity to explore Ubique Minerals and align your investments with the ever-rising zinc market, a market that promises to remain resilient and rewarding.

YOUR NEXT STEPS 

Visit $UBQ HUB On AGORACOM: https://agoracom.com/ir/UbiqueMinerals

Visit $UBQ 5 Minute Research Profile On AGORACOM: https://agoracom.com/ir/UbiqueMinerals/profile

Visit $UBQ Official Verified Discussion Forum On AGORACOM: https://agoracom.com/ir/UbiqueMinerals/forums/discussion

Watch $UBQ Videos On AGORACOM YouTube Channel: https://www.youtube.com/watch?v=2dC0dAI_66w&t=8s

 

DISCLAIMER AND DISCLOSURE 

 

This record is published on behalf of the featured company or companies mentioned (Collectively “Clients”), which are paid clients of Agora Internet Relations Corp or AGORACOM Investor Relations Corp. (Collectively “AGORACOM”)

 

AGORACOM.com is a platform. AGORACOM is an online marketing agency that is compensated by public companies to provide online marketing, branding and awareness through Advertising in the form of content on AGORACOM.com, its related websites (smallcapepicenter.com; smallcappodcast.com; smallcapagora.com) and all of their social media sites (Collectively “AGORACOM Network”) .  As such please assume any of the companies mentioned above have paid for the creation, publication and dissemination of this article / post.

 

You understand that AGORACOM receives either monetary or securities compensation for our services, including creating, publishing and distributing content on behalf of Clients, which includes but is not limited to articles, press releases, videos, interview transcripts, industry bulletins, reports, GIFs, JPEGs, (Collectively “Records”) and other records by or on behalf of clients. Although AGORACOM compensation is not tied to the sale or appreciation of any securities, we stand to benefit from any volume or stock appreciation of our Clients.  In exchange for publishing services rendered by AGORACOM on behalf of Clients, AGORACOM receives annual cash and/or securities compensation of typically up to $125,000.

 

Facts relied upon by AGORACOM are generally provided by clients or gathered by AGORACOM from other public sources including press releases, SEDAR and/or EDGAR filings, website, powerpoint presentations.  These facts may be in error and if so, Records created by AGORACOM may be materially different. In our video interviews or video content, opinions are those of our guests or interviewees and do not necessarily reflect the opinion of AGORACOM.

 

From time to time, reference may be made in our marketing materials to prior Records we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

 

NO INVESTMENT ADVICE

 

This record, and any record we publish by or on behalf of our clients, should not be construed as an offer or solicitation to buy or sell products or securities.

 

You understand and agree that no content in this record or published by AGORACOM constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person and that no such content is tailored to any specific person’s needs. We will never advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

 

Neither the writer of this record nor AGORACOM is an investment advisor.  Both are neither licensed to provide nor are making any buy or sell recommendations. For more information about this or any other company, please review their public documents to conduct your own due diligence.

 

If you have any questions, please direct them to [email protected] 

For our full website disclaimer, please visit  https://agoracom.com/terms-and-conditions

Xali Gold Buys Back NSR on Casua Property in Peru

Posted by Aidi Munoz at 7:00 AM on Wednesday, October 4th, 2023

In a strategic move set to unlock significant value, Xali Gold Corp. (XGC: TSXV) proudly announces its agreement to repurchase a 1.5% Net Smelter Return (“NSR”) royalty tied to the Casua Property from Minera Silex Peru S.R.L., a subsidiary of Golden Minerals Company (“Golden Minerals”). With full ownership reinstated, Xali Gold is poised to harness the untapped potential of this Peruvian treasure trove.

Located in the province and department of Puno, southern Peru, the Casua Property boasts a rich, low-sulfidation vein system, primarily abundant in silver (“Ag”) with notable lead (“Pb”) and zinc (“Zn”) mineralization. Historically, it has yielded impressive grades, including samples of 52.91 oz/t Ag, 4.62% Pb, and 0.12% Zn over 0.10 meters, and up to 31.24 oz/t Ag, 8.7-10% Pb, and 1.81% Zn from selected mine dumps.

The buyback terms include a cash payment of US$20,000, alongside the issuance of common shares to Golden Minerals. Furthermore, the potential issuance of additional shares is contingent upon successful drilling or the attainment of a Preliminary Economic Assessment (PEA) in accordance with National Instrument 43-101 Standards of Disclosure For Mineral Projects (“NI 43-101”) on the Property.

Joanne Freeze, President and CEO of Xali Gold, expressed enthusiasm for this pivotal move, stating, “We are excited to be getting back to exploration in various countries while we continue to work on options to generate near-term cash flow from our Mexican assets.”

Xali Gold is well-positioned to capitalize on the resurgence of the Casua Property and continues to explore avenues for creating value in its Mexican assets, emphasizing local partnerships and potential near-term cash flow. This includes the El Oro Project, a highly prized asset with a rich history of gold-silver production and promising discovery potential. Additionally, Sun River Gold (“SRG”) advances the Mexican Mine Tailings Project at El Oro, providing financial progress.

The Company’s dedication to responsible community engagement underscores its commitment to sustainable growth. With an experienced team and a portfolio of promising projects, Xali Gold is poised for a bright future in the mining sector.

Fuelling the EV and Green Revolution: Infinity Stone Ventures $GEMS at the Vanguard

Posted by Brittany McNabb at 4:01 PM on Friday, September 1st, 2023

In the ever-changing landscape of technology and industry, there are moments when innovation and necessity align to create a transformative shift. One such revolution is currently underway in the form of electric vehicles (EVs) and clean energy solutions. As the world shifts towards more sustainable and environmentally conscious alternatives, companies like  Infinity Stone Ventures $GEMS are emerging as key players in driving this transformation.

The EV and Clean Energy Momentum

The global move towards EVs and clean energy sources has gained significant momentum, spurred by growing concerns about climate change and environmental sustainability. Governments around the world are pledging to reduce carbon emissions and transition towards greener alternatives. The Biden-Harris Administration, for instance, recently announced a $155 billion plan to support a just transition to clean energy1. This initiative is set to create jobs, reduce carbon emissions, and bolster the development of EVs and renewable energy sources.

Infinity Stone Ventures’ Role in the Revolution

Infinity Stone Ventures $GEMS has positioned itself at the forefront of this transformative journey. The company recognizes the critical role of minerals like lithium, graphite, copper, cobalt, and manganese in powering the EV and clean energy revolution. With a comprehensive strategy in place, Infinity Stone Ventures is working towards becoming a diversified supplier of these essential minerals, ensuring that the clean energy industry has the resources it needs to thrive.

The Power of Partnerships

One significant catalyst in this movement is the recent announcement that the U.S. will offer $12 billion to automakers and suppliers to advance the development of new energy vehicles2. This commitment aligns perfectly with Infinity Stone Ventures’ mission, as the company focuses on acquiring and developing projects that will contribute to the sustainable production of EV batteries and clean energy technologies.

A Focus on Critical Minerals

The demand for critical minerals like lithium, graphite, and cobalt is projected to surge in the coming years. With electric vehicle sales projected to soar, these minerals are the backbone of the batteries powering these vehicles. Infinity Stone Ventures’ recent exploration successes, such as the massive graphite discovery on the Rockstone project, highlight the company’s commitment to securing these vital resources.

Navigating a Promising Future

As the world navigates toward a greener future, Infinity Stone Ventures $GEMS stands out as a beacon of promise. The company’s focus on critical minerals, successful exploration projects, and strategic positioning align perfectly with the evolving landscape of clean energy and electric vehicles. With governments and industries worldwide committing to sustainable practices, Infinity Stone Ventures’ role in supplying the essential elements for this revolution could pave the way for both environmental preservation and promising investment opportunities.

In Conclusion

The EV and clean energy revolution is not just a trend; it’s a global shift towards a more sustainable future. Infinity Stone Ventures $GEMS has recognized the immense potential of this transition and is actively contributing to it through its commitment to securing critical minerals. As governments, industries, and investors look toward greener pastures, Infinity Stone Ventures stands tall as a company with a vision, a strategy, and a role in shaping the future of clean energy and transportation.

 

YOUR NEXT STEPS

Visit $GEMS HUB On AGORACOM: https://agoracom.com/ir/InfinityStoneVentures

Visit $GEMS 5 Minute Research Profile On AGORACOM: https://agoracom.com/ir/InfinityStoneVentures/profile

Visit $GEMS Official Verified Discussion Forum On AGORACOM: https://agoracom.com/ir/InfinityStoneVentures/forums/discussion 

Watch $GEMS Videos On AGORACOM YouTube Channel:

https://youtube.com/playlist?list=PLfL457LW0vdKj5JTgFVX8hlJVP1zIaeuo&si=CWepnmHnPgIn-5h5

 

DISCLAIMER AND DISCLOSURE

This record is published on behalf of the featured company or companies mentioned (Collectively “Clients”), which are paid clients of Agora Internet Relations Corp or AGORACOM Investor Relations Corp. (Collectively “AGORACOM”)

AGORACOM.com is a platform. AGORACOM is an online marketing agency that is compensated by public companies to provide online marketing, branding and awareness through Advertising in the form of content on AGORACOM.com, its related websites (smallcapepicenter.com; smallcappodcast.com; smallcapagora.com) and all of their social media sites (Collectively “AGORACOM Network”) .  As such please assume any of the companies mentioned above have paid for the creation, publication and dissemination of this article / post.

You understand that AGORACOM receives either monetary or securities compensation for our services, including creating, publishing and distributing content on behalf of Clients, which includes but is not limited to articles, press releases, videos, interview transcripts, industry bulletins, reports, GIFs, JPEGs, (Collectively “Records”) and other records by or on behalf of clients. Although AGORACOM compensation is not tied to the sale or appreciation of any securities, we stand to benefit from any volume or stock appreciation of our Clients.  In exchange for publishing services rendered by AGORACOM on behalf of Clients, AGORACOM receives annual cash and/or securities compensation of typically up to $125,000.

Facts relied upon by AGORACOM are generally provided by clients or gathered by AGORACOM from other public sources including press releases, SEDAR and/or EDGAR filings, website, powerpoint presentations.  These facts may be in error and if so, Records created by AGORACOM may be materially different. In our video interviews or video content, opinions are those of our guests or interviewees and do not necessarily reflect the opinion of AGORACOM.

From time to time, reference may be made in our marketing materials to prior Records we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

NO INVESTMENT ADVICE

This record, and any record we publish by or on behalf of our clients, should not be construed as an offer or solicitation to buy or sell products or securities.

You understand and agree that no content in this record or published by AGORACOM constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person and that no such content is tailored to any specific person’s needs. We will never advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

Neither the writer of this record nor AGORACOM is an investment advisor.  Both are neither licensed to provide nor are making any buy or sell recommendations. For more information about this or any other company, please review their public documents to conduct your own due diligence.

If you have any questions, please direct them to [email protected]

For our full website disclaimer, please visit  https://agoracom.com/terms-and-conditions

Cross River Ventures $CRVC $CSRVF District Scale Gold Discovery Potential in Red Lake, Ontario

Posted by AGORACOM at 4:43 PM on Thursday, December 16th, 2021

Cross River Ventures is focused on the development of top tier exploration properties in the premier mining district of Red Lake Ontario exploring for gold, and for several good reasons.

The Red Lake Mining jurisdiction hosts one of the largest mineral rich greenstone belt on the planet that has produced 200 million ounces of gold in over 100 years of mining. This includes a total gold endowment exceeding 300million ounces with over 124 mines and 21 plus deposits with more than 3 million ounces each.

Cross River hosts 7 Projects (over 28,000-hectares) within the prolific greenstone belts of NW Ontario, Canada which host the most productive gold deposits in the world.

This is where Cross River is targeting gold for discovery potential.

Armed with a world class technical team led by Dr. Rob Carpenter, who was the CEO of Kaminak,     ( acquired by Goldcorp for CDN $520 million), know how to plan and execute a exploration program designed specifically to make a discovery.

Cross Rivers Flagship McVicar Property is just one of the properties they are targeting for discovery. Situated close to the 3.8m Oz Springpole deposit controlled by First Mining Gold Corp. ( FF.TO ) it hosts 2 mineralized trends that are parallel to one another and include new surface discoveries of gold, as well as previous sampling of high grade with numerous results greater than 500g/t gold.

McVicar is ready to be fully explored and drill permits for the property have been issued for multiple target areas delineated via modern geophysics.

The recent driver of attention to the Red Lake area is the takeover of Great Bear Resources by Kinross Gold Corp. under which Kinross has agreed to acquire all of the outstanding common shares of the Red Lake explorer for C$29.00 per share, approximately $1.8-billion and being done without a resource calculation. This is primarily due to the excellent nature of their drill results.

The peer takeover speaks to the attractiveness of discovery potential and quality of the mining jurisdiction. Cross River is in the right neighborhood to make a discovery, at the right time in the market, and when attention in the area has never been greater.

Sit back and enjoy this great interview with Cross River Venture CEO Alex Klenman as he walks us through their objective to make a discovery equal to their peers in the Red Lake Mining District.

Candente Copper $DNT.ca Provides Update for Ausenco Conceptual Desk Top Study on Cañariaco Norte $FCX.ca $TECK.ca $FSUGY $PER.ca

Posted by AGORACOM at 8:27 AM on Monday, April 19th, 2021
  • Ausenco Update for Conceptual Desk Top Study on Cañariaco Norte

Candente Copper Corp. (TSX:DNT, BVL:DNT) (“Candente Copper”, “Company”) is pleased to announce that the Desk Top Conceptual Study (“Study”) that is being conducted by Ausenco is advancing well. The mandate of the study is to identify opportunities for Cañariaco Norte to be built as a smaller higher grade project with a lower initial capital expenditure (“CapEx”) and accelerated payback period.

In addition to seeking a higher copper grade for the starter pit, we are investigating other opportunities to lower the CapEx and operational expenditures (“OpEx”) and consider better environmental, social and governance (“ESG”) practices.  All of the Desk Top work considers the potential for expansion into a larger project over time.

“While the work has taken up more time than we initially anticipated, the opportunities already identified by Ausenco to improve the project are well worth the wait.” says Joanne Freeze, President and CEO. “A more comprehensive Desk Top Study will allow the Company to follow it with a preliminary economic assessment (“PEA”) on the best possible project and we are already seeing detailed optimizations that should make substantial improvements to the project”.

Work to date has focused on:

  1. Geometallurgical modelling which identifies both a wider range of metal contents in the different rock types and a wider range of metal recoveries to concentrate from the various rock types.  Combining these two aspects allows the forecast of concentrate quality followed by production that offers more flexibility and the ability to plan mine scheduling to optimize project value.  
  2. The identification of current markets for our unique copper concentrate which indicate higher potential revenues due to a decrease in treatment costs.

For more details about the Study, please see News Release No. 127 (dated February 25th, 2021): https://www.candentecopper.com/news-releases/news-releases/2021/ausenco-engaged-for-desk-top-studies-on-canariaco-norte-higher-grade-project.

Read More: https://agoracom.com/ir/CandenteCopper/forums/discussion/topics/759279-candente-copper-provides-update-for-ausenco-conceptual-desk-top-study-on-ca-ariaco-norte/messages/2312533#message

AGORACOM Small Cap 60: Candente Copper $DNT.ca 9 Billion Pounds Copper, 2 Million Ounces Gold, 54 Million Ounces Silver $FCX.ca $TECK.ca $FSUGY $PER.ca

Posted by AGORACOM at 1:28 AM on Tuesday, March 30th, 2021
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Candente Copper $DNT.ca Engages Yaku for Environmental Assessment and Protection at Canariaco Copper Deposit $FCX.ca $TECK.ca $FSUGY $PER.ca

Posted by AGORACOM at 8:29 AM on Thursday, March 18th, 2021
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  • Engaged to conduct and continue previous baseline studies at the Cañariaco Project
  • 9B lbs copper, 2M oz gold and 54M oz silver in: Measured and Indicated Resources

Candente Copper Corp. (TSX: DNT, BVL: DNT) (“Candente Copper”, “the Company”) is pleased to announce that Yaku Consultores (“Yaku”) has been engaged to conduct and continue previous baseline studies at the Cañariaco Project located in Northern Peru. The work will be part of environmental impact studies and habitat protection for all exploration phases of permitting including drilling and also for the community and regional stakeholders.  

“We are excited to be moving the Cañariaco project forward with Yaku’s environmental work and new engineering studies underway by Ausenco. Timing couldn’t be better as Cañariaco has been identified by both Goldman Sachs and Deutche Bank as one of the top copper projects needed to supply the upcoming supply-demand shortage for copper,” says Joanne Freeze, President and CEO, Candente Copper.

Yaku is comprised of a team of highly experienced professionals focused on providing quality environmental and social consulting services. These services contribute to the sustainable development of the environment and exceed regulations.

Candente Copper has recently obtained the respective authorizations from SERFOR and PRODUCE (Peruvian authorities for National Forest and Wildlife Services and the Ministry of Production) to conduct new monitoring of Water Quality, Air Quality, Noise Levels and Biology, Wild Flora and Fauna and Hydrobiology. Yaku has begun collecting new data within the project area which will add significantly to the studies that Candente Copper has been conducting such since 2004.

Given the difficult situation for the community with the COVID-19 epidemic, the company is also collaborating with local health facilities to assist in the protection and care of citizens in the area surrounding Cañariaco. To date, the Company has assisted with PPE supplies and the operation of emergency health equipment.

About Candente Copper

Candente Copper is a mineral exploration company engaged in the acquisition, exploration, and development of mineral properties. The Company is currently focused on its 100% owned Cañariaco project, which includes the Feasibility stage Cañariaco Norte deposit as well as the Cañariaco Sur deposit and Quebrada Verde prospect, located within the western Cordillera of the Peruvian Andes in the Department of Lambayeque in Northern Peru.  

Please see https://www.candentecopper.com/investors/presentations for details from previous resource and engineering studies which delineated 9B lbs copper, 2M oz gold and 54M oz silver in: Measured and Indicated Resources of 752.4 million tonnes grading 0.45% copper, 0.07 grams per tonne (“g/t”) gold and 1.9 g/t silver (0.52% Cu equivalent) containing 7.533 B lb Cu, 1.67 M oz Au and 45.24 M oz Ag and Inferred Resources of 157.7 million tonnes grading 0.44% copper, 0.06 g/t gold and 1.8 g/t silver containing 1.434 B lb Cu, 0.3M oz Au and 8.932 M oz Ag.

VIDEO – Candente Copper $DNT.ca Thriving As $4 Copper Fuels Commodities Bull $FCX.ca $TECK.ca $FSUGY $PER.ca

Posted by AGORACOM-JC at 4:27 PM on Friday, March 12th, 2021
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TSX listed Candente Copper owns Canariaco Norte, a large, economic copper deposit in Peru that just took a step closer to a becoming a mine.

Cañariaco is a 100% owned feasibility-stage porphyry copper deposit containing 7.5B pounds Measured and Indicated and can be mined for 22 years once in production. Oh, and Canariaco Norte is in the lowest quartile of production costs for projects waiting to be developed at around 0.98c per pound of copper.

If that doesnt have your attention, Goldman Sachs has it ranked as one of the top 80 projects waiting to be developed worldwide. This is a deposit itching to become a mine and Candente is very close to achieving this remarkable feat.

With the price of copper firmly above $4 dollars, the economics supporting Canariaco going into production only gets stronger.and initiates unlocking the ultimate potential of the Canariaco Norte deposit.

Watch this great interview with Candente CEO Joanne Freeze as she explains the move toward production and its significance to the copper markets.

Candente Copper $DNT.ca Engages Ausenco for Desk Top Studies on Cañariaco Norte Higher Grade Copper Project $CDG.ca $FCX.ca $TECK.ca $FSUGY $PER.ca

Posted by AGORACOM at 8:30 AM on Thursday, February 25th, 2021
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Candente Copper Corp. (TSX:DNT, BVL:DNT) (“Candente Copper”, “Company”) is pleased to announce that it has engaged Ausenco Engineering Canada Inc. (“Ausenco”) to conduct Desk Top Studies to identify and define a smaller, higher grade, start up option for Cañariaco with a smaller initial capital expenditure (“CapEx”) and accelerated payback period. This study is expected to take 4 to 6 weeks to complete.

Assuming favourable results from the Desk Top Studies the Company would look to move into a Preliminary Economic Assessment (“PEA”) on the Revised Project Concept which would be expected to take approximately 4 months to complete. The Company is fully funded for both levels of studies. (for more details please see News Release No. 126 dated February 22nd, 2021).

Ausenco is globally recognised for providing consulting, project delivery, and asset operations services to the international mining sector including high performance copper processing and infrastructure projects. Ausenco has a 30-year track record in delivering specialized end-to-end solutions which are proven to lower capital and operating costs, reduce construction time and improve plant efficiencies.

Ausenco’s project experience ranges from small conceptual studies for new developments through to the construction of large scale minerals processing facilities. In Peru, Ausenco’s experience includes providing Engineering, Procurement and Construction Management services to design, construct, and commission the 25 million tonnes per year concentrator and associated infrastructure for the Constancia Copper Molybdenum Project owned by Hudbay.

Furthermore, Ausenco is currently in the final stages of providing Engineering, Procurement and Construction Management services to design, construct, and commission two processing facilities that will process 6 million tonnes per year of copper sulfide ore and 12 million tonnes per year of oxide ore via solvent extraction and oxide leaching facility (along with associated infrastructure) for the Mina Justa project owned by Marcobre S.A.C. (controlled by Minsur S.A.).

Recently, Mantos Copper Holding has engaged Ausenco for the engineering, procurement and construction (EPC) the 30,000 tonne per day copper concentrator plant and related infrastructure at the Mantoverde Development Project in Chile.

Read More: https://agoracom.com/ir/CandenteCopper/forums/discussion/topics/756063-ausenco-engaged-for-desk-top-studies-on-ca-ariaco-norte-higher-grade-project/messages/2305341#message

Candente Copper $DNT Corporate Update and Engineering Study Proposals Under Evaluation For Canariaco Copper Deposit $CDG.ca $FCX.ca $TECK.ca $FSUGY $PER.ca

Posted by AGORACOM at 9:01 AM on Monday, February 22nd, 2021
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  • Engineering studies to identify and define various value add options for the development of the Cañariaco Project.
  • First goal is to define/identify a smaller, higher grade, start up option for Cañariaco with a smaller CapEx and accelerated payback period

Candente Copper Corp. (TSX:DNT, BVL:DNT) (“Candente Copper”, “Company”) is pleased to announce that it has received and is reviewing proposals from two internationally acclaimed engineering firms for engineering studies to identify and define various value add options for the development of the Cañariaco Project.

The first goal of the engineering study is to define/identify a smaller, higher grade, start up option for Cañariaco with a smaller initial capital expenditure (“CapEx”) and accelerated payback period. This is expected to be able to be permitted and financed to production more quickly than the larger option. The intention would be that once the development capital is paid back, the smaller operation could then be expanded to fully recognize the value of the large copper-gold resource that exists at Cañariaco.

The second goal is to explore other potential options with a mind to establish both cost efficiencies and environmental, social and governance (“ESG”) friendly development options. Current industry wide ESG initiatives and responsible investing is driving innovation in environmentally friendly, sustainable development and finance products. This innovation has been accelerated by the COVID-19 pandemic and increased urgency around the 17 UN Sustainable Development Goals, resulting in many new development options to consider now.

Read More: https://agoracom.com/ir/CandenteCopper/forums/discussion/topics/755788-corporate-update-and-engineering-study-proposals-under-evaluation/messages/2304699#message