Los Andes Copper Ltd. is a Canadian company focused on developing the Vizcachitas copper-molybdenum porphyry project in Chile.
The company owns 100% of the Vizcachitas project, one of the largest advanced copper deposits in the Americas. Vizcachitas is to become Chile’s next major copper mine. The project is a copper-molybdenum porphyry deposit, located 150 km north of Santiago, in an area of very good infrastructure.
The Project is currently undertaking a pre-feasibility study. Los Andes Copper Ltd. is listed on the TSX-V under the ticker: LA.
Vizcachitas is a copper-molybdenum porphyry deposit in central Chile currently undertaking a pre-feasibility study.
Los Andes Copper Ltd. owns 100% of the Vizcachitas project, one of the largest advanced copper deposits in the Americas.
- Copper, molybdenum and silver porphyry.
- Positive PEA published in June 2019.
- Currently working on pre-feasibility study.
- For the selected PEA case of 110,000 tpd process capacity
- After-Tax NPV8% of US$ 1.8 billion and IRR of 20.77% at US$ 3.00/lb Copper
- Payback period of 3.4 years from initial operations; 5.4 years from initial construction
- 45 year mine life
- 0.53% CuEq average headgrade to mill over first 5 years of operation
- C1 Cash Cost (net of by-product credits) of US$ 1.36/lb for first 8 years of operation; US$ 1.58/lb for LOM
- Measured & Indicated Resource of 1,284 million tonnes at a copper grade of 0.40% and a copper equivalent grade of 0.45% (0.25% copper cut-off) with
- 11.2 billion pounds of copper
- 400 million pounds of molybdenum
- 43.4 million ounces of silver
- Metallurgical test work has indicated high recoveries of clean copper concentrate
- No off-take encumbrances
- PFS to be completed in Q4 2020
- Production expected Year End 2024
- Good local and regional infrastructure
- Active social program working with local communities
Qualified Person Statement
Los Andes Copper activities are under the supervision of Mr. Amberg, CGeol FGS, Chief Operating Officer of Los Andes Copper Ltd. Mr. Amberg is a “qualified person” as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”). Mr. Amberg has approved the technical information in this presentation. For additional information regarding the Vizcachitas Project, see the technical report titled “Preliminary Economic Assessment of the Vizcachitas Project.”, with an effective date of May 10, 2019 prepared by Tetra Tech Chile S.A. (the “2019 PEA”), a copy of which is available on SEDAR at www.sedar.com under “Los Andes Copper Ltd.”
1 Note: The Preliminary Economic Assessment is considered preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the Preliminary Economic Assessment will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability.
Mr. Porcile is a Mining Engineer for the University of Chile andholds a Masters of Science in Mineral Engineering from Columbia University, New York and has over 50 years of experience in the mining business.
Mr. Porcile has been responsible for the development, implementation, commissioning and operation of several new mining projects as well as managing various world-class mining operations.
During the period 2010-2014, he was Director of the Codelco Board and lately has been consultant for mining companies with developments of copper, iron and gold projects. Mr. Porcile was President of Compañía Doña Inés de Collahuasi in the period 2007-2009; he was also President of the Falconbridge Copper Business Unit for five years. During his presidency Falconbridge was developing projects that included El Morro, Pachón and the expansion of Collahuasi.
Prior to these responsibilities he was Vice President Project Development for BHP Billiton’s Base Metals Division and before that President of Compañía Minera Cerro Colorado of Rio Algom. Mr. Porcile joined Rio Algom as Vice-President of Operations of Cerro Colorado in 1991 and later was promoted to Rio Algom Vice President of Engineering and Development, participating in the development of the Antamina and Spence projects.
From 1989 to 1991, he was Operations Manager of Soquimich, responsible for the operations to produce nitrate and iodine in Chile’s Region of Antofagasta.
CEO – Chief Geologist
Mr. Amberg is a geologist who is a graduate of the Royal School of Mines, London, has an MSc. from University College London and is also a Chartered Geologist with the Geological Society of London.
Mr. Amberg has over 30 years of diverse experience having worked in Asia, Africa and South America for both multinational and junior companies. He began his career in 1986 working with Anglo American in South Africa before moving on to an exploration position with Severin-Southern Sphere.
In 1990, Mr. Amberg moved to Chile where he first worked with Bema Gold on the Refugio project before taking up a position with Rio Tinto. At Rio Tinto he was involved in exploration programs in the Magallanes region and managed projects in the in the Atacama.
In 1996 he joined Kazakhstan Minerals Corporation in Kazakhstan setting up and managing offices for the drilling and resource estimation for JORC compliant feasibility studies on three large projects that are now operating mines. He became General Director for two joint ventures in KazMinCo where he managed all technical and local issues.
In 2001 he returned to Chile where he started a geological consulting firm specialising in project evaluation and NI 43-101 technical reports. Mr. Amberg’s clients included Rio Tinto, Barrick, Codelco, Anglo American, Pan Pacific Copper and various junior mining companies. He joined Los Andes Copper in 2012 as Chief Geologist and was appointed as President and CEO in 2015.
Mr. Amberg is a Qualified Person under NI 43-101.
Director of Vizcachitas Project
Mr. Matta is a Mining Engineer, graduating from the University of Chile. Mr. Matta has 30 years of varied mining industry experience, in operations, planning and projects.
Mr. Matta has been working in management consultancy, focusing on M&A, Asset optimisation, Due Diligence for major projects worldwide and the development of concentrate treatment technology.
Previously Mr. Matta has worked for Barrick Gold, where he was Vice President of Project Construction responsible for the construction of large capital projects worldwide and was specifically focused on Pascua Lima in Chile and Pueblo Viejo in the Dominican Republic.
Mr. Matta has also worked for Falconbridge Limited and Xstrata as Vice President of Projects and Development where he led the expansion of the Collahuasi project and General Manager of the Altonorte Smelter for Antofagasta, Chile where he led the productive operation for the custom copper smelter, one of the largest in the world.
In his early career, Mr. Matta worked at a number of mining projects in an operation capacity, conducting Pre-Feasibility, Feasibility Studies and Environmental Impact Assessments, developed the final exploration phase of the budget for Escondida and has held the positions of Operations Manager, Mine Supervisor and Mine Production and Development Chief.
JOSE TOMAS LETELIER
Director of Corporate Affairs and Sustainability
Mr. Letelier graduated from Law School, University of Chile and has a Maters in International Public Policy from the School of Advanced International Studies, Johns Hopkins University, Washington DC. Mr. Letelier has over 15 years experience in the mining industry, primarily working in corporate affairs, sustainability and external affairs focused on South America.
Mr. Letelier was Vice President of External Affairs for South America for Kinross Gold, Vice President of Government Affairs for South America for Barrick and Vice President of Corporate Affairs and Sustainability for the Americas for Placer Dome. In these roles Mr. Letelier had responsibilities in countries including Chile, Colombia, Brazil, Ecuador and Peru.
In his earlier career, Mr. Letelier worked at the Chilean Ministry of Foreign Affairs where he served postings in a number of countries around the world. His last diplomatic posting was as Ambassador of Chile to Canada (1997-2000).
Additionally, Mr. Letlier worked in the Santiago Head Office of the Chilean Ministry of Foreign Affairs where he worked for various ministers. He also represented Chile in a number of matters including, APEC, the America’s Business Forum, negotiations of the area of free trade of the Americas and Binational Commissions.
Mr. Saldias is a geologist from the Universidad Católica del Norte, Chile. Over 35 years of experience working within Chile and internationally. Prior to joining Los Andes Copper, he worked for Antofagasta Minerals from 2007 to 2015.
Prior to Antofagasta, he worked for ten years with Placer Dome Latin America. He also worked for Codelco as head of exploration geology for the El Salvador Division.
He also worked for Northern Resources, Homestake, Utah, Anaconda and as an independent consultant.
Chief Financial Officer
Ms. Davidson holds a Chartered Professional Accountant designation from the Chartered Professional Accountants of British Columbia and a BSc in Business Administration from Alliant International University in San Diego, California.
Ms. Davidson has over 25 years of experience in financial and general business management having assisted private and public companies in the roles of Chief Financial Officer, Vice-president, Finance and Corporate Controller within the mineral exploration and high technology sectors.
Mr. Loch is a Certified Accountant from the Chilean Association of Accountants. He has over 30 years of experience with multinational companies. Before joining Los Andes Copper in 2011, Mr. Loch worked as Regional Financial Officer for the Chilean subsidiary of Mincom International from 1997 to 2010.
From 1987 to 1997, he worked at Raychem, as Controller for Chile and Peru and prior to Raychem, he was Controller for 7 years at the Chilean subsidiary of Transammonia Inc. (New York).
Manager – Environmental and Permitting
Mr. Amestica has a Degree in Environmental Engineering from DUOC Professional Institute, a Diploma on Quality Management and Organisational Development from the University of Chile and an MBA from Federico Santa Maria Technical University. He has over 15 years of experience in permitting and environmental affairs.
Prior to joining Los Andes Copper, Mr. Amestica worked in environmental permitting for Fluor-Salfa (Spence mine) and Bechtel (Pelambres mine). From 2011 to 2015 he was Head of Environmental Policy and Permits for the Sierra Gorda copper mine.
Manager – Community Relations
Sociologist from the University of Playa Ancha, Valparaiso and candidate for Master’s Degree in Political Communication and Public Affairs from the University Adolfo Ibañez
Mr. Cassi has 10 years of experience in community management. Before joining Los Andes Copper in 2018, he worked for Esval (water utility) in charge of communities. From 2014 to 2016, he was Deputy Manager for Community Relations for Codelco’s Ventanas smelter. From 2009 to 2014 he worked for Kinross Chile as Community Relations Specialist