Capstone wins key permit for $150M Mantoverde expansion

Capstone Copper (TSX: CS) (ASX: CSC) has secured environmental approval from authorities in Chile’s Atacama area for its $150-million Mantoverde Optimized (MV-O) task.

The thumbs-up prolongs the mine’s life from 19 to 25 years and notes an essential action in Capstone’s more comprehensive strategies to develop a significant copper-cobalt district in north Chile.

The license, approved as component of a nationwide assessment led by Chile’s ecological evaluation company SEA, leads the way for enhanced manufacturing at the Mantoverde mine. As soon as MV-O is functional, yearly copper comparable result is anticipated to climb to 125,000– 135,000 tonnes, up from the present 97,000– 112,000 tonnes.

The growth will certainly likewise enhance concentrator throughput from 32,000 to 45,000 tonnes daily and include approximately 20,000 tonnes of copper annually.

Head of state and ceo Cashel Meagher claimed the MV-O task, incorporated with the close-by Santo Domingo down payment, establishes the phase for transformational development. “We imagine the Mantoverde-Santo Domingo area turning into one of the biggest creating copper areas worldwide with really eye-catching device money expenses,” Meagher kept in mind.

Capstone sees the speedy authorization of the MV-O ecological effect research– sent in October 2024 and examined by SEA in very early 2025– as a favorable signal for upcoming authorizations connected to its Santo Domingo possession. With each other, both iron oxide-copper-gold down payments are anticipated to generate 250,000 tonnes of copper comparable every year.

2nd stage

MV-O is thought about the 2nd stage of the Mantoverde Growth Job (MVDP), which was finished in 2023. MVDP permitted the mine to procedure copper sulphide gets via the enhancement of a concentrator, tailings storage space system, and an increased desalination plant.

The Vancouver-based miner created the very first commercial copper concentrate at the website in June 2024, and began industrial manufacturingin late September In January this year, the plant went beyond nameplate capability with an ordinary throughput of 33,409 tonnes daily.

Capstone has 70% of Mantoverde and the continuing to be 30% is held by Japan’s Mitsubishi Products. The mine includes 4 open pits found along the Mantoverde mistake, having both sulphide and oxide ores.

It prepares to launch an in-depth routine and capital investment failure for the MV-O stage in the coming weeks.