Los Andes Copper President & CEO Discusses Copper Mining in Chile

TL;DR

Los Santos Copper is developing the Visco Cheetahs Copper Mine Project in Chile, which is one of the largest copper projects in South America, with consolidated mine claim holdings. The company is drilling extensions to the mineralization and expects interesting drill results by the end of the year.

Transcript

my name's Tony amberg I am president and CEO of Los Santos copper limited I'm a geologist with 30 years of experience I've worked with Anglo American Rio Tinto I've worked in south africa in Kazakhstan South America and for the last 15 years I've been working in Chile Los Angeles copper have a one project which is the visco cheetahs copper Molly po... Read More

Key Insights

• 💦 Tony Amberg, the president and CEO of Los Santos Copper, brings 30 years of geology experience to the project, having worked for major companies like Anglo American and Rio Tinto.
• 🫥 The Visco Cheetahs Copper Mine Project benefits from its location, with access to infrastructure such as power lines, railways, and ports, which reduces development costs.
• 🥹 Los Santos Copper has consolidated all the mine claim holdings for the project, making it more appealing for investors.
• 🌱 The company plans to focus on drilling extensions to the mineralization in the north of the project, which hasn't been explored for a long time.
• 👶 The results from the drilling will be used to update the resource estimate and conduct a new preliminary economic assessment, exploring different development scenarios.
• ✋ The project has the potential to selectively mine the higher-grade areas, optimizing the production plan for the initial years.
• 📽️ The current market conditions may be challenging, but investing in solid companies with real projects can be a wise decision when anticipating a copper price recovery.

Questions & Answers

Q: What makes the Visco Cheetahs Copper Mine Project unique among copper projects in South America?

The Visco Cheetahs Copper Mine Project stands out because it is the largest copper project in South America controlled by a junior company. This provides investment opportunities that may not be available for larger projects already taken by major companies.

Q: What is the current focus of Los Santos Copper in terms of drilling and exploration?

Los Santos Copper currently has two drill rigs on site, which are being used to drill extensions to the mineralization in the north of the project. These drilling activities are expected to produce interesting results by the end of the year.

Q: What are the future plans for the project's development?

After completing the 5,000 meters of drilling, Los Santos Copper plans to update the resource estimate in the first quarter of 2016. Following that, an updated preliminary economic assessment will be published, exploring both a mega case and a smaller case for development.

Q: How is the current market condition affecting the project?

The current market condition, with low metal prices and reduced investor confidence, presents challenges. However, copper is a cyclical commodity, and when prices recover and mines slow down or shut down, the Visco Cheetahs project can be developed strategically to take advantage of the recovery.

Summary & Key Takeaways

• Los Santos Copper is a junior company developing the Visco Cheetahs Copper Mine Project, the largest copper project controlled by a junior company in South America.

• The project has a resource estimate of 1 billion tons and 38 million tons of copper equivalents, making it a significant endeavor.

• The project benefits from its proximity to infrastructure, such as power lines, railways, and ports, which will be crucial during the development phase.