Lundin hails world-class potential of Filo Del Sol with new resource estimate

A brand-new source price quote for the Filo del Sol job in Chile’s Atacama area has actually validated its prospective to be a component of among the globe’s biggest copper, silver and gold sources, states the job’s brand-new joint proprietor Lundin Mining (TSX: LUN).

Filo del Sol was formerly held by Canada’s Filo Corp., which had actually progressed the job to a pre-feasibility phase based just on the oxide sources at surface area. A technological record from 2023 laid out a possible 13-year mine procedure with typical yearly manufacturing of 66,000 tonnes of copper, 168,000 oz. of gold and 9.26 million oz. of silver.

Lundin’s price quote consists of an initial source for the Filo del Sol top-quality sulphide core, completing 606 million tonnes in the determined and shown groups with a copper-equivalent quality of 1.14%, for consisted of steel of 4.5 million tonnes of copper, 9.6 million oz. of gold and 259 million oz. of silver. It additionally upgraded the oxide source to 434 million tonnes at 0.34% copper (1.5 million tonnes), 0.28 g/t gold (3.9 million oz.) and 2.5 g/t silver (35 million oz.).

Substantial greenfield job

Jack Lundin, head of state and chief executive officer, hailed Filo del Sol as “among one of the most substantial greenfield explorations in the last thirty years,” with prospective to be turned into “a first-rate down payment” to sustain an internationally rated mining complicated.

The job is held under a 50/50 endeavor with BHP (ASX: BHP), which was created after the firms’joint acquisition of Filo Corp. last year The endeavor, called Vicuña, additionally consists of Lundin’s advanced Josemaría job in San Juan, Argentina, situated around 11 kilometres away. As component of the JV plan, both tasks would certainly be incorporated right into a solitary mining complicated for price optimization.

As component of the source upgrade, Lundin additionally launched a quote for the Josemaría job, completing 196 million tonnes determined and shown at 0.73% copper matching, for consisted of steel of 978,000 tonnes of copper, 2.4 million oz. of gold and 11 million oz. of silver. The job has a previous usefulness research that a 19-year mine generating typical yearly manufacturing of 136,000 tonnes of copper, 231,000 oz. of gold and 1.16 million oz. of silver.

The consolidated sources, according to Lundin, would certainly make Vicuñan among the greatest quality primitive open pit copper tasks worldwide, and additionally among the biggest silver and gold sources worldwide.

Contrasted to its previous quotes, the overall determined and shown sources boosted by 29% over, while the presumed source expanded by 7.5 times. The business sees more growth possibility in the Filo del Sol source, as the mineralization has actually just been specified over a complete location of 10 sq. kilometres.

” The mineral source is a crucial turning point and will certainly create the basis for the incorporated technological record that will certainly lay out a mixed job, this record gets on routine for conclusion in the very first quarter of 2026,’ Jack Lundin stated in a news release.