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Capstone Copper Provides Mantoverde-Santo Domingo District Integration Plan
VANCOUVER, British Columbia / Nov 10, 2022 / Business Wire / Capstone Copper Corp. (“Capstone” or the “Company”) (TSX:CS) today announced the Mantoverde-Santo D
About this update from Capstone Copper Corp.
[{"type":"text","content":"VANCOUVER, British Columbia / Nov 10, 2022 / Business Wire / Capstone Copper Corp. (“Capstone” or the “Company”) (TSX:CS) today announced the Mantoverde-Santo Domingo (“MV-SD”) District Integration Plan (the “Plan”) which showcases the path towards creating a world-class mining district in the Atacama region of Chile, targeting over 200,000 tonnes per year (“tpa”) of low-cost copper production with the potential to also become one of the largest and lowest cost battery grade cobalt producers in the world. The Company has the opportunity to unlock a total of $80-100 million per year in operating cost savings, while also enabling additional copper and cobalt production, infrastructure capital savings, and the potential for significant tax synergies through the reinvestment in Chile to support our district growth (summarized in Figure 1). The fully-permitted Santo Domingo project is located 35 kilometres northeast of the Mantoverde mine which is currently undergoing construction of a 32,000 tonne per day (“tpd”) sulphide concentrator with wet commissioning expected in late 2023. Following the completion and successful ramp-up of the Mantoverde Development Project (“MVDP”), the Company’s next phase of transformational growth will be a construction decision and integration of Santo Domingo. The combination of key infrastructure already in place alongside an experienced mine build and operating team significantly de-risks the future development of the district. Please click the following link to view a 3D virtual tour presentation of the MV-SD District Integration Plan and respective synergies, further outlined herein: Click Here John MacKenzie, CEO of Capstone commented, “Over the past decade, I’ve closely monitored the progress at the Santo Domingo project given its proximity to, and obvious synergies with, Mantoverde. We are extremely excited to now be developing a world-class copper and cobalt district, with both commodities being essential to the global economy’s decarbonization efforts. Our team is committed to pursuing the highest standards in safety and environmental management as well as meaningful engagement with all stakeholders as we progress our growth plans. We are transforming Capstone into a leading long-life and low-cost producer of critical metals essential for the transition to net zero.” Cashel Meagher, Presid...