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
Global Scale Resource
- 909 Mt @ 0.53% CuEq (M&I) and 1,426 Mt @ 0.37% CuEq (Inf) with growth potential¹
- Includes 427 Mt @ 0.71% CuEq (M&I) and 177 Mt @ 0.62% CuEq (Inf)¹
Warintza Drilling
Summarized drilling for Warintza can be found here.
Extensive System of Outcropping Porphyries
Warintza Mineral Resource Block Model
Warintza Drilling and Future Targets
Warintza District Exploration
Proposed Solaris Exploration Spin-Out
- Porphyry targets at Mateo, Medio Camino, Kutukus Extension, Norte, Tinki, Clemente
- Skarn targets at Playas, Justo, Betty, 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
- Signed Impact & Benefits Agreement in 2020 (Amended 2024)
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:
- See the corresponding technical report entitled “Mineral Resource Estimate Update - NI 43-101 Technical Report, Warintza Project, Ecuador” with an effective date of July 1, 2024 and available on SEDAR+ under the Company’s profile. Measured and Indicated resources of 909 Mt @ 0.53% CuEq (0.37% Cu, 0.02% Mo, 0.05g/t Au) and Inferred resources of 1,426 Mt @ 0.37% CuEq (0.27% Cu, 0.01% Mo, 0.04g/t Au) at a cut-off grade of 0.25% CuEq, includes Measured and Indicated resources of 427 Mt @ 0.71% CuEq (0.52% Cu, 0.03% Mo, 0.06g/t Au) and Inferred resources of 177 Mt @ 0.62% CuEq (0.45% Cu, 0.02% Mo, 0.07g/t Au) at a cut-off grade of 0.50% CuEq. The Mineral Resources estimate is at a base case of 0.25% CuEq cut-off grade and other estimates at varying cut-off grades are included only to demonstrate the sensitivity of the Mineral Resources estimate and are not the QP’s estimate of the Mineral Resources for the property. Copper-equivalent grade calculation for reporting assumes metal prices of US$4.00/lb Cu, US$20.00/lb Mo, and US$1,850/oz Au, and recoveries of 90% Cu, 85% Mo, and 70% Au based on preliminary metallurgical testwork and includes provisions for downstream selling costs. CuEq formula: CuEq (%) = Cu (%) + 5.604 × Mo (%) + 0.623 × Au (g/t).
- The technical information contained in this document related to the mineral resource estimate (MRE) at Warintza was approved by, or based upon disclosure prepared by, Mario E. Rossi, FAusIMM,RM-SME, Principal Geostatistician of Geosystems International Inc., a "Qualified Person" as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"). The corresponding Technical Report disclosing the MRE in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects is available on the Company's website and on SEDAR+ under the Company's profile at www.sedarplus.ca. The remaining technical information contained in this document has been reviewed and approved by Jorge Fierro, M.Sc., DIC, PG, Vice President Exploration of Solaris who is a "Qualified Person" as defined in NI 43-101. Jorge Fierro is a Registered Professional Geologist through the SME (registered member #4279075).
