A multitude of small and medium sized deposits dot our neighborhood but most notably, and about 50 kilometers to our east, is one of the largest copper reserves in the world – the Los Pelambres mine of Antofagasta Minerals PLC. In operation since 2000, copper production for 2022 is expected to be between 290-300,000 tonnes of copper representing nearly half of Antofagasta’s projected copper output of 660-690,000 tonnes.
And by comparison, TVC at full capacity can produce 18,500 tonnes of copper annually. We initiated an exploration drilling program on our 460 square kilometer land package in 2021 but have paused this initiative temporarily.
We believe we have only started to realize on the potential of TVC and this scratching of the surface is the beginning of great things to come.