Primary Infrastructure: Natural Cost Advantage
- 268km² property, 100%-owned; 40km north of Mirador mine
- Access road to nearby highway connecting Pacific ports, transmission lines, airport, skilled labour, fresh water
- Access to grid power (hydroelectric), adjacent Santiago development (US$3B / 2,400MW)
- MOU signed for 100% supply of hydroelectric power (see press release Mar 21, 2022); Ecuador 7c/kWh vs DRC 30c, Chile 15c, Peru 14c, Brazil, Mexico 12c
Resource Growth Potential
- Warintza Central Mineral Resource above 0.3% CuEq cut-off:
579 Mt at 0.59% CuEq¹ (Indicated)
887 Mt at 0.47% CuEq¹ (Inferred)
- Updated mineral resource estimate expected in late Q2/24 to take in nearly double the meterage of the prior estimate and deliver major growth at Warintza Central, Warintza East and the recent discovery of Warintza Southeast
Warintza Drilling
Summarized drilling for Warintza can be found here.
Extensive System of Outcropping Porphyries
Warintza Mineral Resource Plan View (1,400m Elevation)
Warintza Mineral Resource Long Section
Warintza Mineral Resource Cross Section
Proposed Solaris Exploration Spin-Out
- Porphyry targets at Clemente, Cora, Mateo and Medio Camino
- Skarn targets at Playas, Justo, Betty, Yawi, La Celestina
- Covered high sulphidation system at Caya (characteristic signature in geochem, clay alteration, vuggy silica)
Responsible Mining – Inclusive Approach
Community Involvement is Key to Warintza Success, Resilience
- Innovative approach: commitment to transparency, education and inclusion
- Government and community understanding of impacts and benefits of project
- Community involvement at each step, enhanced with capacity-building program
The Warintza Success Story
- World class discovery by David Lowell in 2000, sat largely dormant since 2001 due to a breakdown in social acceptance from local communities
- Extensive dialogue led to understanding root causes of conflict, resolution of underlying issues mid-2019; instituted an informed, innovative CSR program
- Government-Sponsored Prior Consultation process with community stakeholders and signed Impacts & Benefits Agreement in 2020 (Amended 2022)
The Warintza Model
- Participatory mining model that promotes dialogue between State – Company – Community based on transparency, collaboration, and trust contributing towards the sustainable socio-economic development of the communities and project
- The Warintza Model, through the Strategic Alliance and its Board of Directors, contributes to the local development of the Shuar Centres in tandem with the project’s advancement, including investment in health and education, support for legal mining, environmental stewardship, promotion of entrepreneurship, gender equality, labor and human rights, security, and prospection and exploration activities
Notes:
- Copper equivalent assumes recoveries of 90% Cu, 85% Mo, and 70% Au based on preliminary metallurgical testwork, and metal prices of US$3.50/lb Cu, US$15.00/lb Mo, and US$1,500/oz Au. CuEq formula: CuEq (%) = Cu (%) + 4.0476 × Mo (%) + 0.487 × Au (g/t).
- The technical information contained on this page related to the mineral resource estimate at Warintza was approved by, or based upon disclosure prepared by, Mario E. Rossi, FAusIMM,RM-SME, PrincipalGeostatistician of Geosystems International Inc., a “Qualified Person” as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects (“43-101”). See the corresponding technical report entitled "NI 43-101 Technical Report for the Warintza Project, Ecuador (Amended)" with an effective date of April 1, 2022 and available on SEDAR+ under the Company's profile at www.sedarplus.ca.