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Angicos Property

Ero Copper (ERO.TO)
100% ownership interest
Expected NPV
—
Shown in the full report from 1,000 scenarios.
Market Cap
$1,933.0M
All dollar amounts in USD

Executive Summary

Locked

Executive Summary (overview)

  • One-paragraph overview tied to the latest reported drilling results date.
  • Estimated probability of advancing to a formal resource.
  • Typical ranges for grade, tonnage, mine life, and method mix.
  • Cost structure summary and where the project ranks vs peers.

Regional Copper Potential

Angicos is located in Brazil, South America. The surrounding region has historically demonstrated a moderate potential for copper endowment and is distal to other copper properties. Physical setting (moderate elevation, moderate relief, dry climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Precambrian rocks, under thick lithosphere with moderately thick sedimentary cover in a Archean Shield tectonic province—factors that inform both deposit style and development complexity.

Angicos location map
Copper heat map of the world. Warm colors indicate high copper endowment. Try the interactive version here.

Drill Intercepts

Reported results (Copper) average very high grade, long, and very deep. The most recent intercepts are benchmarked against a global copper database.

Date Intercept (Copper) Grade Length Depth
2021-10-14 0.85 g/t Copper over 15.8 m from 323.0 m Moderate Grade Very Thick Deep
2021-10-14 0.73 g/t Copper over 14.4 m from 349.3 m Moderate Grade Very Thick Deep
2021-10-14 1.41 g/t Copper over 3.0 m from 470.8 m High Grade Thick Very Deep
2021-10-14 2.30 g/t Copper over 11.0 m from 435.8 m High Grade Very Thick Deep
2021-10-14 1.54 g/t Copper over 24.0 m from 427.8 m High Grade Very Thick Deep
2021-10-14 1.18 g/t Copper over 16.0 m from 405.8 m Moderate Grade Very Thick Deep
2021-10-14 1.05 g/t Copper over 5.0 m from 293.7 m Moderate Grade Thick Deep
2021-10-14 1.04 g/t Copper over 14.9 m from 270.9 m Moderate Grade Very Thick Deep
2021-10-14 1.31 g/t Copper over 7.5 m from 262.0 m High Grade Very Thick Deep
2021-10-14 1.56 g/t Copper over 3.0 m from 325.0 m High Grade Thick Deep
2021-10-14 1.71 g/t Copper over 3.0 m from 335.9 m High Grade Thick Deep
2021-10-14 1.28 g/t Copper over 6.9 m from 334.2 m High Grade Thick Deep
2021-10-14 0.88 g/t Copper over 32.7 m from 308.4 m Moderate Grade Very Thick Deep
2021-10-14 0.87 g/t Copper over 15.8 m from 215.7 m Moderate Grade Very Thick Moderate Depth
2021-10-14 1.33 g/t Copper over 5.8 m from 215.7 m High Grade Thick Moderate Depth
Rankings are relative to a large global database of copper intercepts.

Resource Potential

Locked

Resource Potential (overview)

  • Probability estimate of advancing to a formal resource.
  • Typical ranges for grade and tonnage with p50 markers.
  • Side-by-side histograms vs. a global reference dataset.
  • Plain-English guidance on how to interpret uncertainty.

Economic Potential

Locked

Economic Potential

  • Distribution of NPV across 1,000 discounted cash-flow simulations.
  • Expected NPV value with context vs. drill-stage peers.
  • Discussion of spread, skew, and scenario tails (upside/downside).
  • Explicit assumptions shown for discount rate and commodity price.

Assumption Distributions

Locked

Assumption Distributions

  • Reserve conversion and mine life distributions.
  • Recovery, processing costs, and waste:ore ratio ranges.
  • Capex/offsite opex, average production rate, and other drivers.
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