Camino Minerals files crucial technical report for Puquios Project

In Chile, Camino Minerals Corporation has announced the filing of an independent technical report for the Puquios Project. The report is titled 'Puquios Project - NI 43-101 Technical Report and Pre-feasibility Study', detailing the economic viability and estimated resource of the project. The report highlights a significant after-tax net present value of approximately US$118 million and an internal rate of return of 23.4%, based on a fixed copper price of US$4.28 per pound. The mining, processing, and operating costs have also been outlined clearly, underlining the financial feasibility of the operation. This technical report marks the next step in Camino's progression toward acquiring all issued shares of Cuprum Resources, aimed at integrating the Puquios Project into the company's portfolio. An amendment has been filed regarding the management information circular, offering updated supplementary financial data about Cuprum and its related transactions. Camino is preparing for a special meeting of shareholders scheduled for March 31, 2025, to discuss the proposed acquisition and its benefits to the company’s future plans, suggesting confidence in the project's potential. The scouting and feasibility phases, as indicated in the report, are aligned with Camino's strategy to utilize the Puquios Project as a major production asset. The company is currently focused on developing copper production assets while also advancing its other projects, such as the IOCG Los Chapitos in Peru. The report has been made available for stakeholder examinations on SEDAR+, ensuring transparency and allowing shareholders to assess the opportunity this project represents for future corporate growth. Overall, the filing of the technical report may influence investor confidence, reflecting the company's commitment to advancing their portfolio strategically. However, various risks tied to regulatory approvals and market conditions still lie ahead in the path to realizing the project’s full potential.