Capstone Copper receives permit for Mantoverde Optimized project

Capstone Copper (CSCCF) has received the DIA environmental permit for the Mantoverde Optimized project from the Atacama Regional Environmental Assessment Commission. MV Optimized is a capital-efficient brownfield expansion of Mantoverde’s sulphide concentrator, increasing throughput from 32,000 to 45,000 ore tonnes per day and extending the mine life from 19 to 25 years. The issuance of this permit represents a significant milestone for the advancement of the project, as it is the only major permit required for the development and operation of MV-O. Cashel Meagher, Capstone’s President & CEO, commented, “MV Optimized is a capital efficient, high return and low risk expansion project that is expected to bring on an additional 20,000 tonnes per annum of copper production for approximately $150 million of expansionary capital1. We have been eagerly awaiting this permit and are excited to begin construction, pending required Board approvals, to increase our throughput capacity by over 40% at very low capital intensity.”