Cerro Negro Property
Executive Summary
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
Cerro Negro is located in Chile, South America. The surrounding region has historically demonstrated a very high potential for copper endowment and is very proximal to other copper properties. Physical setting (moderate elevation, very high relief, dry climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Basic volcanic rocks, under thin lithosphere with moderately thick sedimentary cover in a Meso- and Cenozoic Orogen tectonic province—factors that inform both deposit style and development complexity.
Drill Intercepts
Reported results (Copper Equivalent) average very high grade, very short, and very shallow. The most recent intercepts are benchmarked against a global copper database.
| Date | Intercept (Copper Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2025-06-24 | 8.35 g/t Copper Equivalent over 15.0 m from 37.0 m | Very High Grade | Very Thick | Shallow |
| 2025-06-24 | 6.32 g/t Copper Equivalent over 21.0 m from 35.0 m | Very High Grade | Very Thick | Shallow |
| 2025-06-24 | 10.27 g/t Copper Equivalent over 1.0 m from 50.0 m | Very High Grade | Thin | Moderate Depth |
| 2025-06-24 | 6.84 g/t Copper Equivalent over 3.0 m from 48.0 m | Very High Grade | Thick | Shallow |
| 2025-06-24 | 5.23 g/t Copper Equivalent over 13.0 m from 39.0 m | Very High Grade | Very Thick | Shallow |
| 2025-06-24 | 3.88 g/t Copper Equivalent over 18.6 m from 36.6 m | High Grade | Very Thick | Shallow |
| 2025-06-24 | 3.48 g/t Copper Equivalent over 4.2 m from 38.9 m | High Grade | Thick | Shallow |
| 2025-06-24 | 14.43 g/t Copper Equivalent over 3.0 m from 35.0 m | Very High Grade | Thick | Shallow |
| 2025-06-24 | 12.51 g/t Copper Equivalent over 7.0 m from 31.0 m | Very High Grade | Very Thick | Shallow |
| 2025-06-24 | 7.05 g/t Copper Equivalent over 20.0 m from 27.0 m | Very High Grade | Very Thick | Shallow |
| 2025-06-24 | 9.37 g/t Copper Equivalent over 12.0 m from 40.0 m | Very High Grade | Very Thick | Shallow |
| 2025-06-24 | 13.65 g/t Copper Equivalent over 2.0 m from 45.0 m | Very High Grade | Moderate Thickness | Shallow |
| 2025-06-24 | 11.32 g/t Copper Equivalent over 7.0 m from 45.0 m | Very High Grade | Very Thick | Shallow |
| 2025-06-24 | 17.38 g/t Copper Equivalent over 0.5 m from 96.0 m | Very High Grade | Very Thin | Moderate Depth |
| 2025-06-24 | 0.99 g/t Copper Equivalent over 1.8 m from 99.9 m | Moderate Grade | Moderate Thickness | Moderate Depth |
Resource Potential
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
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
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.