Candente Copper Corp.
CEO Interview - THE ECONOMIST - Money Talks Podcast Climate Change March 30, 2022
Audio Podcast Link: CLICK HERE
Listen to the conference call on the positive Preliminary Economic Assessment (“the 2022 PEA”) for the Cañariaco Copper project in Northern Peru which was discussed by Joanne Freeze, CEO, Emin Meka, Senior VP, Ausenco and Sean Waller, Technical Advisor and Director on Thursday February 10th, 2022
Audio Webcast Link: CLICK HERE
CEO Interview - Crux Investor June, 2022
CEO Interview - 121 London Mining Conference Interview May, 2022
CEO Interview - 121 London Mining Conference Presentation May, 2022
CEO Interview - RocksAndStocksNews May, 2022
Peru is 2nd largest copper producer in the world; Canada among top ten worldwide producers of several metals
PROJECTS
Cañariaco Norte
- Large Copper Gold Silver Resource defined in 2010 and updated in Q1 2022
- Updated ESG Project Concept Desk Top Study completed Q2 2021
- New PEA completed in Q1 2022 = Improved ESGs with lower CapEx (see highlights below)
Cañariaco Sur
- Initial Copper Gold Silver Molybdenum Resource defined in 2022
- Located just 2km southwest of Cañariaco Norte
3RD PARTY VALIDATION
Major Investor: Fortescue Metals Group holds 19.9% of Candente
RFC Ambrian: Cañariaco Norte in top 10 of 23 Projects with potential to involve third party M&A (December 2021)
Haywood: Cañariaco Norte one of 18 assets selected as likely to be considered by Majors looking to Acquire (December 2021)
Deutsche Bank: Cañariaco Norte identified as one of 3 projects required to meet the upcoming copper supply-demand gap (February 2021)
Goldman Sachs: Cañariaco Norte identified as one of the top 84 copper projects worldwide (October 2018)
CAÑARIACO 2022 PEA HIGHLIGHTS:
- US$1.01B NPV (after tax, 8% discount rate, US$3.50/lb copper)
- US$1.83B NPV (after tax, 8% discount rate, US$4.50/lb copper)
- US$1.04B Preproduction CapEx
- Annual average copper production of 173M pounds (78,543 tonnes) plus 31,395 ounces of gold and 703,588 ounces of silver
- 28 year mine life starting at 40,000 tonnes per day ("tpd") with expansion of throughput to 80,000 tpd after Payback (in year 7 @ $3.50 Cu) with additional CapEx of US$305M from Cash Flow
- Potential for extension of mine life if additional resources identified below proposed pit can be included in a mine plan
- Operating costs of US$1.28/lb Cu
- Improved Environmental, Social and Governance ("ESG") practices results in improved infrastructure design to create smaller overall footprint
- Waste to mineralized material strip ratio of 0.66:1
| NPV Sensitivities (US$M) (after tax) | ||||
| Copper Price US$/lb | ||||
| $3.25 | $3.50 | $4.00 | $4.50 | $5.00 |
6% Discount | $1,286 | $1,556 | $2,092 | $2,624 | $3,153 |
8% Discount | $802 | $1,010 | $1,423 | $1,833 | $2,241 |
IRR | 14.8% | 16.3% | 19.2% | 21.9% | 24.4% |
Average Annual Cash Flow | 204 | 229 | 278 | 326 | 375 |
Payback (Years) | 7.9 | 7.1 | 6.3 | 4.5 | 3.8 |
All cases with US$1,650/oz gold and US$21.50/oz silver.
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