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 2020 is expected to represent nearly half of Antofagasta’s projected copper output of 725-755,000 tonnes.
And by comparison, MTV at full capacity can produce 18,500 tonnes of copper annually. But we are yet to initiate an exploration drilling program on our 460 square kilometer land package.
We believe we have only started to realize on the potential of MTV and this scratching of the surface is the beginning of great things to come.