Overview
| Stage | Feasibility |
| Mine Type | Project |
| Commodities |
|
Magistral – Located in the Ancash region of Peru, the project aims to develop an open pit copper mine. In 2019, approximately US$ 12 million was spent, focusing on completing the pre-feasibility (FEL 2) and feasibility (FEL 3) studies. We also reviewed our investment
schedule with the Peruvian government in order to optimize the project’s facilities. An average annual production of 40 thousand tonnes of copper contained in concentrate, 3 thousand tonnes of molybdenum and
600 thousand ounces of silver (17 tonnes) over the 16 years of estimated useful life is expected, with operations scheduled for startup in the first quarter of 2024. |
Source:
Compañía Minera Milpo S.A.A., a medium-sized Peruvian mining producer, announced the acquisition of 100% of the stock of Junior mining company Inca Pacific Resources Inc., Vancouver, owner of the concessions around the Magistral copper project.
Summary:
The project area is characterized by arid lands
characteristic of Cordillera Blanca, with variable altitudes between 3,900 and 4,400 masl.
Magistral is a deposit of CU-Mo skarn related to porphyry housed in limestone from the Cretaceous period. Since 1999, there have been several exploration campaigns, with a total of 486 DDH drill holes and 102912 meters drilled. The campaigns between 2012 and 2015 aimed to validate previous campaigns and metallurgical samples, infill drilling, disposal, geotechnical and hydrogeological drilling.
Reserves at December 31, 2015:
| Category | Tonnage | Commodity | Grade |
|
Measured
|
59,788,776 t
|
Copper
|
0.52 %
|
|
Measured
|
59,788,776 t
|
Molybdenum
|
0.059 %
|
|
Indicated
|
89,839,911 t
|
Copper
|
0.59 %
|
|
Indicated
|
89,839,911 t
|
Molybdenum
|
0.051 %
|
|
Measured & Indicated
|
149,628,686 t
|
Copper
|
0.56 %
|
|
Measured & Indicated
|
149,628,686 t
|
Molybdenum
|
0.054 %
|
|
Inferred
|
77,021,386 t
|
Copper
|
0.55 %
|
|
Inferred
|
77,021,386 t
|
Molybdenum
|
0.04 %
|
- Subscription is required.
Corporate Filings & Presentations:
- Subscription is required.
Aerial view:
- Subscription is required.