The Castilla project, located 65km southwest of Copiapó, lies within a significant fault system trend.
Further payments are tied to exploration milestones, including successful drilling outcomes, a preliminary economic assessment with a net present value of at least $50 million, and the first commercial sale from production. Super Copper will secure complete ownership of the Castilla concessions without net-smelter return or back-in rights.
Situated approximately 65km southwest of Copiapó, the Castilla project is located within a notable fault system near the historic Manto Negro open-pit copper mine. Government data indicate multiple mineral occurrences within the project area, highlighting its exploration potential. The untested western fault block of the breccia horizon, previously mined at Manto Negro, shows promise for heap-leach/SX-EW copper processing. A recent site inspection revealed artisanal mine workings and elevated levels of copper, gold, and silver, though the area remains undrilled, and no reconnaissance samples have been collected.
The Castilla project’s proximity to Super Copper’s Cordillera Cobre project, within a 100km radius, allows for shared resources, including exploration teams, contractors, and permitting processes, optimizing operational efficiency. Upon completion of the acquisition, Super Copper will manage two complementary assets in Chile: Castilla, focused on copper-oxide exploration, and Cordillera Cobre, a larger sulphide-focused project. Using a single exploration team and shared service contracts will help reduce costs and streamline decision-making.
Zachary Dolesky, CEO of Super Copper, stated: “Castilla offers an exceptional risk-reward profile: we secure 5,800 hectares on a copper-oxide trend for a small upfront fee with all future payments tied to genuine discovery and development milestones. The historical record at the neighbouring Manto Negro pit provides a processing template, while the proximity to Cordillera Cobre lets us stretch each exploration dollar further. We believe Castilla has the potential to deliver results once drilled, and we are eager to begin work.”
This acquisition enhances Super Copper’s portfolio in the Atacama region, supporting cost-effective exploration and resource development. By leveraging regional synergies, the company aims to advance both projects efficiently, contributing to sustainable mining practices.
