Los Andes Copper Ltd. is pleased to present an update on the work conducted in order to progress the Pre-Feasibility Study on the Company's Vizcachitas Project . The Preliminary Economic Assessment delivered in June 2019 provided a conceptual plan for developing the Vizcachitas Project. A PFS is currently underway and areas of work being advanced [...]
Los Andes Copper Ltd. is pleased to announce that it has received approval from the Regional Environmental Committee for drilling to be carried out at the Company's Vizcachitas Project over the next four years. The Regional Environmental Committee unanimously approved the drilling permit application submitted by Compañia Minera Vizcachitas Holding [...]
Los Andes Copper Ltd. is pleased to announce the appointment of Harry Nijjar, CPA, CMA, as Chief Financial Officer who will be taking over from Aurora Davidson with immediate effect. Mr. Nijjar received his CPA CMA qualification in 2012 and is a Managing Director of Malaspina Consultants Inc., a private company that provides accounting and [...]
Los Andes Copper Ltd. is pleased to announce that it has entered into a net smelter return royalty agreement with Resource Capital Fund VI L.P for a total price of US$8 million, payable in tranches . The Royalty applies to the sale of all locatable minerals produced from the San Jose 1/3000 exploitation concession that forms part of the Company's [...]
Los Andes Copper Ltd. is pleased to announce the reinforced management team which will be responsible for leading the development phase of the Vizcachitas Project . The Company's Executive Chairman, Mr. Fernando Porcile, has assembled a highly experienced team to successfully deliver the future milestones required to progress the Project towards [...]
Los Andes Copper Ltd. is pleased to announce that the Preliminary Economic Assessment prepared for the Company's Vizcachitas Project under the National Instrument 43-101 Reporting Standards has been filed with SEDAR. The results of the PEA were announced in the Company's news release dated June 5, 2019. The PEA dated June 13, 2019, with an [...]
After-Tax NPV8% of US$ 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 of US$ 1.36/lb for first 8 years of operation; US$ 1.58/lb for LOM 1,284 million [...]
Los Andes Copper Ltd. is pleased to announce the appointment of Mr. Fernando Porcile to the Board of Directors of the Company and to serve as Executive Chairman. His primary role will be to apply his formidable international project experience to take the company through the development stage of its Vizcachitas copper project. Fernando Porcile Mr [...]
Los Andes Copper Ltd. is pleased to announce approval from Chile's Environmental Evaluation Service in connection with the drill work carried out on the Company's Vizcachitas project during 2015-2017 . All members of the Regional Environmental Committee , unanimously moved to grant environmental approval for the Drilling Campaign. On April 25 [...]
Los Andes Copper is pleased to announce the closing of the second and final tranche of its non-brokered private placement announced in its news releases dated April 26, 2018, and May 7, 2018, for gross proceeds of $6,246,900. On June 7, 2018, the Company issued 18,930,000 Units to Resource Capital Fund VI L.P. at a price of $0.33 per Unit. Each [...]
Los Andes Copper is pleased to announce the closing of the first tranche of its non-brokered private placement announced in its news release dated April 26, 2018, for gross proceeds of $2,597,100. On May 7, 2018, the Company issued 7,870,000 units to Resource Capital Fund VI L.P. priced at $0.33 per Unit. Each Unit consists of one common share of [...]
Los Andes Copper is pleased to announce that it has entered into a subscription agreement with Resource Capital Fund VI L.P. pursuant to which RCF VI has agreed to purchase 26,800,000 units of the Company at a price of $0.33 per Unit. Each Unit will consist of one common share of the Company and one-half of one transferable common share purchase [...]