Asset Report

Michiquillay copper mine project

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06 December 2018

Michiquillay copper mine project

Report summary

The project assumes an open pit and conventional copper-moly concentrator. An old plan indicated a mill of 65kt/d that would double its capacity after the 5th year. Later on Nexa resources (before Milpo) was proposing development of this project in two stages of 40kt/d ore each. After Southern Peru won the privatisation of Magistral in 2018, this proposed option to 80kt/d ore in two stages is not longer applicable. We believe that Southern will go directly of a much higher economic of scale.  We are conservatively estimating a mine-mill capacity of 100kt/d ore.

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  • Key facts: Table 1
  • Location maps: Image 1

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