Creating Value through Discovery and Delineation – Validated by Third Parties: Fortescue Metals, Goldman Sachs and Deutsche Bank
Candente Copper Corp.
CEO Interview - The Assay TV July 2021
Candente Copper is a mineral exploration company engaged in the acquisition, exploration, and development of mineral properties in Peru, a well established and prolific mining country (2nd largest copper producing country in the world). We are currently focused on our 100% owned Cañariaco project, which includes the Cañariaco Norte resource as well as the Cañariaco Sur deposit and Quebrada Verde prospect.
Candente Copper has third party validation from Fortescue Metals Group, Goldman Sachs and Deutsche Bank.
Fortescue has acquired 18.9% of the company.
Goldman Sachs has identified Cañariaco as one of the top 84 copper projects worldwide and has found it to be in the lowest quartile for copper price to go into production.
Deutsche Bank has identified Cañariaco as one of 3 projects they believe will be required to meet the upcoming copper supplydemand gap.
Cañariaco Norte Pre-Feasibility Study Progress Report Highlights:
260M lbs Cu per year (39,000 oz Au per year & 911,000 oz Ag per year)
22 Year Initial Mine Life @ 95,000 tonnes per day
4.4 Year Payback Period @ Cu $2.50/lb
Preproduction CAPEX $1.56B
Operating costs of US$0.988/lb Cu
Minimal infrastructure required, excellent locations for all site facilities, close to existing highway and power grid and abundant water at site
Sensitivities (8% discount, after tax)
Copper Price US$/lb
Ausenco Engineering recently completed a Desk Top Conceptual Study that identified several opportunities with the potential to lower initial capital expenditures and operating expenses while also enhancing our environmental, social and governance practices. One of the most significant developments from the study, is the potential mitigation of the need for a roaster. The new parameters from the study will be included in an updated Preliminary Economic Assessment.
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