Camino Announces Filing of Pre-Feasibility Study Technical Report and Provides Update on Previously Announced Acquisition of the Puquios Copper Project
Original announcement by tmx on
- Company
- Camino Minerals Corporation
- Ticker
- COR
- Exchange
- TSX
- Region
- Chile
- Primary commodity
- Copper
- Secondary commodities
- None reported
- Document categories
- Resource update, Agreement transaction, Metallurgy, Other
- Extracted
- 2026-09-13 19:20:58 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Camino Minerals Corporation announced the filing of a positive Pre-Feasibility Study (PFS) Technical Report for the Puquios Copper Project, which it is acquiring. The PFS highlights robust economics with an after-tax NPV of US$118 million and an IRR of 23.4% at a fixed copper price of US$4.28 per pound, with all-in sustaining costs of US$2.00 per pound. The project has received its primary environmental permit, positioning the company to become a copper producer upon the expected closing of the acquisition in early April 2025.
Reasoning: The company announced the filing of a positive Pre-Feasibility Study for the acquired Puquios Copper Project, highlighting robust economics and a clear path to production, which is a significant de-risking event and a step towards becoming a copper producer.
Positive factors
- Filing of positive Pre-Feasibility Study (PFS)
- Acquisition of construction-ready project
- Robust project economics (NPV, IRR)
- Primary environmental permit received
- NI 43-101 compliant resource and reserve estimates
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 17
Classification and evidence
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The Puquios Project Technical Report was prepared in accordance with National Instrument 43-101.
Evidence · text
“The Puquios Project Technical Report was prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects (" NI 43-101 ")”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: Mr. Cristian Quiñones is the Qualified Person for the resource estimates and Jesse Aarsen is the Independent Qualified Person for the reserve estimates.
Evidence · text
“The Qualified Person for the estimates is Mr. Cristian Quiñones, RM CMC, AsGeoMin SpA. ... The Mineral Reserves estimates were prepared by Jesse Aarsen, P.Eng. (who is also an Independent Qualified Person)”
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The document presents a Pre-Feasibility Study (PFS) which includes updated Mineral Resource and Mineral Reserve estimates.
Evidence · text
“Puquios Project - NI 43-101 Technical Report and Pre-feasibilityStudy, La Higuera, Coquimbo Region, Chile”
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: The resource and reserve estimates are presented as part of a Pre-Feasibility Study.
Evidence · text
“Puquios Project - NI 43-101 Technical Report and Pre-feasibilityStudy, La Higuera, Coquimbo Region, Chile”
Heap Leach Routeneutral
Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.
Why it applies: The company explicitly states that 'Heap leach copper production is one of the most cost-effective ways to build a copper mine'.
Evidence · text
“Heap leach copper production is one of the most cost-effective ways to build a copper mine”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: The cut-off grade for mineral resources is 0.15% total copper (CuT) and for mineral reserves is NSR >= US$5.59/t.
Evidence · text
“Mineral Resources are reported using a cut-off grade of 0.15% total copper (CuT). ... The cut-off grade used for ore/waste determination is NSR >= US$5.59/t.”
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: The resource estimate includes a Measured category of 26,496 kt at 0.475% CuT.
Evidence · table
“Measured”
Context: 26,496
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: The resource estimate includes an Indicated category of 5,664 kt at 0.399% CuT.
Evidence · table
“Indicated”
Context: 5,664
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The resource estimate includes an Inferred category of 660 kt at 0.295% CuT.
Evidence · table
“Inferred”
Context: 660
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: The reserve estimate includes a Proven category of 21,805 kt at 0.506% CuT.
Evidence · table
“Proven”
Context: 21,805
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: The reserve estimate includes a Probable category of 4,168 kt at 0.43% CuT.
Evidence · table
“Probable”
Context: 4,168
Extracted facts
Stored fact records: 16. Some facts used in scoring do not have a stored record.
Resource Estimates (15)
measuredPuquios Project · copperTonnes: 26496000Grade: 0.475Grade Unit: %Contained Metal: 126000Contained Unit: tView all detailsHide details
Identity
- Project
- Puquios Project
- Commodity
- copper
- Region
- chile
- Reported Region
- Chile
- Ticker
- COR
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Cristian Quiñones
- Resource group id
- resource:82ea59ea694489e2ef7a
Resource Data
- Category
- measured
- Tonnes
- 26496000
- Grade
- 0.475
- Grade Unit
- %
- Contained Metal
- 126000
- Contained Unit
- t
- Cutoff Grade
- 0.15
- Cutoff Unit
- % CuT
Prior Estimate
- Resource Date
- 2021-03-08
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-03-17T00:00:00.000Z
Reasoning: High confidence Measured resource with good total copper grade, supporting project viability.
Positive factors
- High confidence Measured category
- Good grade for open pit copper
Evidence · table
“0.475”
Context: 26,496
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.0 years before this release
measuredPuquios Project · copperTonnes: 26496000Grade: 0.117Grade Unit: %View all detailsHide details
Identity
- Project
- Puquios Project
- Commodity
- copper
- Region
- chile
- Reported Region
- Chile
- Ticker
- COR
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Cristian Quiñones
- Resource group id
- resource:82ea59ea694489e2ef7a
Resource Data
- Category
- measured
- Tonnes
- 26496000
- Grade
- 0.117
- Grade Unit
- %
- Cutoff Grade
- 0.15
- Cutoff Unit
- % CuT
Prior Estimate
- Resource Date
- 2021-03-08
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-03-17T00:00:00.000Z
Reasoning: Measured resource for sulphide copper, providing important metallurgical data.
Positive factors
- High confidence Measured category
- Sulphide copper grade provides metallurgical context
Evidence · table
“0.117”
Context: 26,496
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.0 years before this release
measuredPuquios Project · copperTonnes: 26496000Grade: 0.232Grade Unit: %View all detailsHide details
Identity
- Project
- Puquios Project
- Commodity
- copper
- Region
- chile
- Reported Region
- Chile
- Ticker
- COR
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Cristian Quiñones
- Resource group id
- resource:82ea59ea694489e2ef7a
Resource Data
- Category
- measured
- Tonnes
- 26496000
- Grade
- 0.232
- Grade Unit
- %
- Cutoff Grade
- 0.15
- Cutoff Unit
- % CuT
Prior Estimate
- Resource Date
- 2021-03-08
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-03-17T00:00:00.000Z
Reasoning: Measured resource for cyanide soluble copper, providing important metallurgical data.
Positive factors
- High confidence Measured category
- Cyanide soluble copper grade provides metallurgical context
Evidence · table
“0.232”
Context: 26,496
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.0 years before this release
indicatedPuquios Project · copperTonnes: 5664000Grade: 0.399Grade Unit: %Contained Metal: 23000Contained Unit: tView all detailsHide details
Identity
- Project
- Puquios Project
- Commodity
- copper
- Region
- chile
- Reported Region
- Chile
- Ticker
- COR
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Cristian Quiñones
- Resource group id
- resource:05aac7e7779e55caefc8
Resource Data
- Category
- indicated
- Tonnes
- 5664000
- Grade
- 0.399
- Grade Unit
- %
- Contained Metal
- 23000
- Contained Unit
- t
- Cutoff Grade
- 0.15
- Cutoff Unit
- % CuT
Prior Estimate
- Resource Date
- 2021-03-08
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-03-17T00:00:00.000Z
Reasoning: High confidence Indicated resource with good total copper grade, supporting project viability.
Positive factors
- High confidence Indicated category
- Good grade for open pit copper
Evidence · table
“0.399”
Context: 5,664
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.0 years before this release
indicatedPuquios Project · copperTonnes: 5664000Grade: 0.111Grade Unit: %View all detailsHide details
Identity
- Project
- Puquios Project
- Commodity
- copper
- Region
- chile
- Reported Region
- Chile
- Ticker
- COR
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Cristian Quiñones
- Resource group id
- resource:05aac7e7779e55caefc8
Resource Data
- Category
- indicated
- Tonnes
- 5664000
- Grade
- 0.111
- Grade Unit
- %
- Cutoff Grade
- 0.15
- Cutoff Unit
- % CuT
Prior Estimate
- Resource Date
- 2021-03-08
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-03-17T00:00:00.000Z
Reasoning: Indicated resource for sulphide copper, providing important metallurgical data.
Positive factors
- High confidence Indicated category
- Sulphide copper grade provides metallurgical context
Evidence · table
“0.111”
Context: 5,664
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.0 years before this release
indicatedPuquios Project · copperTonnes: 5664000Grade: 0.167Grade Unit: %View all detailsHide details
Identity
- Project
- Puquios Project
- Commodity
- copper
- Region
- chile
- Reported Region
- Chile
- Ticker
- COR
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Cristian Quiñones
- Resource group id
- resource:05aac7e7779e55caefc8
Resource Data
- Category
- indicated
- Tonnes
- 5664000
- Grade
- 0.167
- Grade Unit
- %
- Cutoff Grade
- 0.15
- Cutoff Unit
- % CuT
Prior Estimate
- Resource Date
- 2021-03-08
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-03-17T00:00:00.000Z
Reasoning: Indicated resource for cyanide soluble copper, providing important metallurgical data.
Positive factors
- High confidence Indicated category
- Cyanide soluble copper grade provides metallurgical context
Evidence · table
“0.167”
Context: 5,664
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.0 years before this release
indicatedPuquios Project · copperTonnes: 32160000Grade: 0.462Grade Unit: %Contained Metal: 149000Contained Unit: tView all detailsHide details
Identity
- Project
- Puquios Project
- Commodity
- copper
- Region
- chile
- Reported Region
- Chile
- Ticker
- COR
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Cristian Quiñones
- Resource group id
- resource:4e232470d932b69423aa
Resource Data
- Category
- indicated
- Tonnes
- 32160000
- Grade
- 0.462
- Grade Unit
- %
- Contained Metal
- 149000
- Contained Unit
- t
- Cutoff Grade
- 0.15
- Cutoff Unit
- % CuT
Prior Estimate
- Resource Date
- 2021-03-08
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-03-17T00:00:00.000Z
Reasoning: Combined Measured and Indicated resource with good total copper grade, supporting project viability.
Positive factors
- High confidence Indicated category
- Good grade for open pit copper
Evidence · table
“0.462”
Context: 32,160
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.0 years before this release
indicatedPuquios Project · copperTonnes: 32160000Grade: 0.116Grade Unit: %View all detailsHide details
Identity
- Project
- Puquios Project
- Commodity
- copper
- Region
- chile
- Reported Region
- Chile
- Ticker
- COR
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Cristian Quiñones
- Resource group id
- resource:4e232470d932b69423aa
Resource Data
- Category
- indicated
- Tonnes
- 32160000
- Grade
- 0.116
- Grade Unit
- %
- Cutoff Grade
- 0.15
- Cutoff Unit
- % CuT
Prior Estimate
- Resource Date
- 2021-03-08
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-03-17T00:00:00.000Z
Reasoning: Combined Measured and Indicated resource for sulphide copper, providing important metallurgical data.
Positive factors
- High confidence Indicated category
- Sulphide copper grade provides metallurgical context
Evidence · table
“0.116”
Context: 32,160
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.0 years before this release
indicatedPuquios Project · copperTonnes: 32160000Grade: 0.22Grade Unit: %View all detailsHide details
Identity
- Project
- Puquios Project
- Commodity
- copper
- Region
- chile
- Reported Region
- Chile
- Ticker
- COR
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Cristian Quiñones
- Resource group id
- resource:4e232470d932b69423aa
Resource Data
- Category
- indicated
- Tonnes
- 32160000
- Grade
- 0.22
- Grade Unit
- %
- Cutoff Grade
- 0.15
- Cutoff Unit
- % CuT
Prior Estimate
- Resource Date
- 2021-03-08
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-03-17T00:00:00.000Z
Reasoning: Combined Measured and Indicated resource for cyanide soluble copper, providing important metallurgical data.
Positive factors
- High confidence Indicated category
- Cyanide soluble copper grade provides metallurgical context
Evidence · table
“0.22”
Context: 32,160
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.0 years before this release
inferredPuquios Project · copperTonnes: 660000Grade: 0.295Grade Unit: %Contained Metal: 2000Contained Unit: tView all detailsHide details
Identity
- Project
- Puquios Project
- Commodity
- copper
- Region
- chile
- Reported Region
- Chile
- Ticker
- COR
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Cristian Quiñones
- Resource group id
- resource:1c771ec14ff537af6097
Resource Data
- Category
- inferred
- Tonnes
- 660000
- Grade
- 0.295
- Grade Unit
- %
- Contained Metal
- 2000
- Contained Unit
- t
- Cutoff Grade
- 0.15
- Cutoff Unit
- % CuT
Prior Estimate
- Resource Date
- 2021-03-08
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-03-17T00:00:00.000Z
Reasoning: Inferred resource provides additional total copper potential but with lower geological confidence.
Positive factors
- Adds to overall resource potential
Negative factors
- Lower confidence Inferred category
Evidence · table
“0.295”
Context: 660
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.0 years before this release
inferredPuquios Project · copperTonnes: 660000Grade: 0.133Grade Unit: %View all detailsHide details
Identity
- Project
- Puquios Project
- Commodity
- copper
- Region
- chile
- Reported Region
- Chile
- Ticker
- COR
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Cristian Quiñones
- Resource group id
- resource:1c771ec14ff537af6097
Resource Data
- Category
- inferred
- Tonnes
- 660000
- Grade
- 0.133
- Grade Unit
- %
- Cutoff Grade
- 0.15
- Cutoff Unit
- % CuT
Prior Estimate
- Resource Date
- 2021-03-08
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-03-17T00:00:00.000Z
Reasoning: Inferred resource for sulphide copper, providing additional metallurgical data with lower confidence.
Positive factors
- Adds to overall resource potential
Negative factors
- Lower confidence Inferred category
Evidence · table
“0.133”
Context: 660
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.0 years before this release
inferredPuquios Project · copperTonnes: 660000Grade: 0.059Grade Unit: %View all detailsHide details
Identity
- Project
- Puquios Project
- Commodity
- copper
- Region
- chile
- Reported Region
- Chile
- Ticker
- COR
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Cristian Quiñones
- Resource group id
- resource:1c771ec14ff537af6097
Resource Data
- Category
- inferred
- Tonnes
- 660000
- Grade
- 0.059
- Grade Unit
- %
- Cutoff Grade
- 0.15
- Cutoff Unit
- % CuT
Prior Estimate
- Resource Date
- 2021-03-08
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-03-17T00:00:00.000Z
Reasoning: Inferred resource for cyanide soluble copper, providing additional metallurgical data with lower confidence.
Positive factors
- Adds to overall resource potential
Negative factors
- Lower confidence Inferred category
Evidence · table
“0.059”
Context: 660
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.0 years before this release
provenPuquios Project · copperTonnes: 21805000Grade: 0.506Grade Unit: %View all detailsHide details
Identity
- Project
- Puquios Project
- Commodity
- copper
- Region
- chile
- Reported Region
- Chile
- Ticker
- COR
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Jesse Aarsen
- Resource group id
- resource:9d0ee9e1bccdc1234e0c
Resource Data
- Category
- proven
- Tonnes
- 21805000
- Grade
- 0.506
- Grade Unit
- %
- Cutoff Grade
- 5.59
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2021-09-21
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-03-17T00:00:00.000Z
Reasoning: Highest confidence Proven Reserve with good copper grade, forming a strong basis for project development.
Positive factors
- Highest confidence Proven Reserve category
- Good grade for open pit copper
- Supports project economics
Evidence · table
“0.506”
Context: 21,805
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.5 years before this release
probablePuquios Project · copperTonnes: 4168000Grade: 0.43Grade Unit: %View all detailsHide details
Identity
- Project
- Puquios Project
- Commodity
- copper
- Region
- chile
- Reported Region
- Chile
- Ticker
- COR
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Jesse Aarsen
- Resource group id
- resource:018b69c010747d36518f
Resource Data
- Category
- probable
- Tonnes
- 4168000
- Grade
- 0.43
- Grade Unit
- %
- Cutoff Grade
- 5.59
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2021-09-21
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-03-17T00:00:00.000Z
Reasoning: High confidence Probable Reserve with good copper grade, contributing to project development.
Positive factors
- High confidence Probable Reserve category
- Good grade for open pit copper
- Supports project economics
Evidence · table
“0.43”
Context: 4,168
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.5 years before this release
probablePuquios Project · copperTonnes: 25973000Grade: 0.494Grade Unit: %View all detailsHide details
Identity
- Project
- Puquios Project
- Commodity
- copper
- Region
- chile
- Reported Region
- Chile
- Ticker
- COR
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Jesse Aarsen
- Resource group id
- resource:5a633d5b5b691c075cac
Resource Data
- Category
- probable
- Tonnes
- 25973000
- Grade
- 0.494
- Grade Unit
- %
- Cutoff Grade
- 5.59
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2021-09-21
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-03-17T00:00:00.000Z
Reasoning: Total Probable Reserve with good copper grade, providing a comprehensive view of project economics.
Positive factors
- High confidence Probable Reserve category
- Good grade for open pit copper
- Supports project economics
Evidence · table
“0.494”
Context: 25,973
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.5 years before this release
Metallurgical Results (1)
Fact 1Puquios Project · copperRecovery: 79 %View all detailsHide details
Identity
- Project
- Puquios Project
- Commodity
- copper
- Region
- chile
- Reported Region
- Chile
- Ticker
- COR
Test Work
- Program Status
- detailed
- Processing Route
- heap leach
Recovery
- Recovery
- 79 %
- Recovery Basis
- unspecified
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-03-17T00:00:00.000Z
Reasoning: Average metallurgical recovery for copper at 79% supports the reserve estimate, which is reasonable for a heap leach operation.
Positive factors
- Good recovery for heap leach processing
- Supports reserve estimate
Negative factors
- Specific test type not disclosed
- Recovery basis unspecified
Evidence · text
“The average associated metallurgical recovery for copper is 79%.”
Tags used in scoring
Heap Leach Routeneutral
Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.
Why it applies: processing_route matches the heap_leach signal
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.