# Camino Announces Filing of Pre-Feasibility Study Technical Report and Provides Update on Previously Announced Acquisition of the Puquios Copper Project Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/camino-announces-filing-of-pre-feasibility-study-technical-report-and-provides-u--e61e0f44-fc4c-4cc2-ba95-e725b0cbd32b Original source: https://money.tmx.com/en/quote/COR/news/8516577926418388/camino-announces-filing-of-pre-feasibility-study-technical-report-and-provides-u Publisher: tmx Original announcement: 2025-03-17T10:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - 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 Narrative sentiment: 0.90 · Bullish ## Minestarters Atlas 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 factor: Filing of positive Pre-Feasibility Study \(PFS\) - Positive factor: Acquisition of construction-ready project - Positive factor: Robust project economics \(NPV, IRR\) - Positive factor: Primary environmental permit received - Positive factor: 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 Compliant** Polarity: positive Definition: 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 Signed** Polarity: positive Definition: 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 Update** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 Route** Polarity: neutral Definition: 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 Disclosed** Polarity: positive Definition: 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 Resource** Polarity: positive Definition: 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 Resource** Polarity: positive Definition: 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 Resource** Polarity: negative Definition: 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 Reserve** Polarity: positive Definition: 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 Reserve** Polarity: positive Definition: 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) ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/camino-announces-filing-of-pre-feasibility-study-technical-report-and-provides-u--e61e0f44-fc4c-4cc2-ba95-e725b0cbd32b#fact-resource-facts-0) Puquios Project · copper #### 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 factor: High confidence Measured category - Positive factor: Good grade for open pit copper Evidence · table > 0.475 Context: 26,496 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 Estimate** Polarity: negative Definition: 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 ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/camino-announces-filing-of-pre-feasibility-study-technical-report-and-provides-u--e61e0f44-fc4c-4cc2-ba95-e725b0cbd32b#fact-resource-facts-1) Puquios Project · copper #### 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 factor: High confidence Measured category - Positive factor: Sulphide copper grade provides metallurgical context Evidence · table > 0.117 Context: 26,496 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 Estimate** Polarity: negative Definition: 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 ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/camino-announces-filing-of-pre-feasibility-study-technical-report-and-provides-u--e61e0f44-fc4c-4cc2-ba95-e725b0cbd32b#fact-resource-facts-2) Puquios Project · copper #### 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 factor: High confidence Measured category - Positive factor: Cyanide soluble copper grade provides metallurgical context Evidence · table > 0.232 Context: 26,496 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 Estimate** Polarity: negative Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/camino-announces-filing-of-pre-feasibility-study-technical-report-and-provides-u--e61e0f44-fc4c-4cc2-ba95-e725b0cbd32b#fact-resource-facts-3) Puquios Project · copper #### 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 factor: High confidence Indicated category - Positive factor: Good grade for open pit copper Evidence · table > 0.399 Context: 5,664 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 Estimate** Polarity: negative Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/camino-announces-filing-of-pre-feasibility-study-technical-report-and-provides-u--e61e0f44-fc4c-4cc2-ba95-e725b0cbd32b#fact-resource-facts-4) Puquios Project · copper #### 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 factor: High confidence Indicated category - Positive factor: Sulphide copper grade provides metallurgical context Evidence · table > 0.111 Context: 5,664 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 Estimate** Polarity: negative Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/camino-announces-filing-of-pre-feasibility-study-technical-report-and-provides-u--e61e0f44-fc4c-4cc2-ba95-e725b0cbd32b#fact-resource-facts-5) Puquios Project · copper #### 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 factor: High confidence Indicated category - Positive factor: Cyanide soluble copper grade provides metallurgical context Evidence · table > 0.167 Context: 5,664 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 Estimate** Polarity: negative Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/camino-announces-filing-of-pre-feasibility-study-technical-report-and-provides-u--e61e0f44-fc4c-4cc2-ba95-e725b0cbd32b#fact-resource-facts-6) Puquios Project · copper #### 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 factor: High confidence Indicated category - Positive factor: Good grade for open pit copper Evidence · table > 0.462 Context: 32,160 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 Estimate** Polarity: negative Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/camino-announces-filing-of-pre-feasibility-study-technical-report-and-provides-u--e61e0f44-fc4c-4cc2-ba95-e725b0cbd32b#fact-resource-facts-7) Puquios Project · copper #### 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 factor: High confidence Indicated category - Positive factor: Sulphide copper grade provides metallurgical context Evidence · table > 0.116 Context: 32,160 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 Estimate** Polarity: negative Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/camino-announces-filing-of-pre-feasibility-study-technical-report-and-provides-u--e61e0f44-fc4c-4cc2-ba95-e725b0cbd32b#fact-resource-facts-8) Puquios Project · copper #### 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 factor: High confidence Indicated category - Positive factor: Cyanide soluble copper grade provides metallurgical context Evidence · table > 0.22 Context: 32,160 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 Estimate** Polarity: negative Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/camino-announces-filing-of-pre-feasibility-study-technical-report-and-provides-u--e61e0f44-fc4c-4cc2-ba95-e725b0cbd32b#fact-resource-facts-9) Puquios Project · copper #### 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 factor: Adds to overall resource potential - Negative factor: Lower confidence Inferred category Evidence · table > 0.295 Context: 660 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 Estimate** Polarity: negative Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/camino-announces-filing-of-pre-feasibility-study-technical-report-and-provides-u--e61e0f44-fc4c-4cc2-ba95-e725b0cbd32b#fact-resource-facts-10) Puquios Project · copper #### 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 factor: Adds to overall resource potential - Negative factor: Lower confidence Inferred category Evidence · table > 0.133 Context: 660 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 Estimate** Polarity: negative Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/camino-announces-filing-of-pre-feasibility-study-technical-report-and-provides-u--e61e0f44-fc4c-4cc2-ba95-e725b0cbd32b#fact-resource-facts-11) Puquios Project · copper #### 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 factor: Adds to overall resource potential - Negative factor: Lower confidence Inferred category Evidence · table > 0.059 Context: 660 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 Estimate** Polarity: negative Definition: 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 ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/camino-announces-filing-of-pre-feasibility-study-technical-report-and-provides-u--e61e0f44-fc4c-4cc2-ba95-e725b0cbd32b#fact-resource-facts-12) Puquios Project · copper #### 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 factor: Highest confidence Proven Reserve category - Positive factor: Good grade for open pit copper - Positive factor: Supports project economics Evidence · table > 0.506 Context: 21,805 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 Estimate** Polarity: negative Definition: 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 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/camino-announces-filing-of-pre-feasibility-study-technical-report-and-provides-u--e61e0f44-fc4c-4cc2-ba95-e725b0cbd32b#fact-resource-facts-13) Puquios Project · copper #### 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 factor: High confidence Probable Reserve category - Positive factor: Good grade for open pit copper - Positive factor: Supports project economics Evidence · table > 0.43 Context: 4,168 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 Estimate** Polarity: negative Definition: 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 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/camino-announces-filing-of-pre-feasibility-study-technical-report-and-provides-u--e61e0f44-fc4c-4cc2-ba95-e725b0cbd32b#fact-resource-facts-14) Puquios Project · copper #### 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 factor: High confidence Probable Reserve category - Positive factor: Good grade for open pit copper - Positive factor: Supports project economics Evidence · table > 0.494 Context: 25,973 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 Estimate** Polarity: negative Definition: 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 1 [Link to this fact](https://atlas-extractions.minestarters.com/news/camino-announces-filing-of-pre-feasibility-study-technical-report-and-provides-u--e61e0f44-fc4c-4cc2-ba95-e725b0cbd32b#fact-metallurgical-facts-15) Puquios Project · copper #### 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 factor: Good recovery for heap leach processing - Positive factor: Supports reserve estimate - Negative factor: Specific test type not disclosed - Negative factor: Recovery basis unspecified Evidence · text > The average associated metallurgical recovery for copper is 79%. #### Tags used in scoring **Heap Leach Route** Polarity: neutral Definition: 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.