Capstone Copper Files Technical Report for Mantoverde Optimized Project
November 14, 2024
Capstone Copper Files Technical Report for Mantoverde
Optimized Project
Vancouver, British Columbia – Capstone Copper Corp. (“Capstone” or the “Company”) (TSX:CS) (ASX:CSC)
has today filed on SEDAR+ a National Instrument 43 -101 (“NI 43- 101”) compliant technical report (the “Report”)
titled “ Mantoverde Mine, NI 43- 101 Technical Report and Feasibility Study, Atacama Region, Chile” for its
Mantoverde Optimized brownfield expansion project announced on October 1, 2024. The Report was prepared by
Capstone with assistance from Ausenco Engineering Canada ULC, and was reviewed and approved by Peter
Amelunxen, P.Eng., a “qualified person” for the purposes of NI 43- 101. The effective date of the Report is July 1,
2024.
The Technical Report was prepared in accordance with Canadian Securities Administrator’s NI 43- 101 Standards
of Disclosure for Mineral Projects; and is available under the Company’s profile on SEDAR+ at www.sedarplus.ca
and the Company’s web site at www.capstonecopper.com.
About Capstone Copper Corp.
Capstone Copper Corp. is an Americas -focused copper mining company headquartered in Vancouver, Canada.
We own and operate the Pinto Valley copper mine located in Arizona, USA, the Cozamin copper-silver mine located
in Zacatecas, Mexico, the Mantos Blancos copper-silver mine located in the Antofagasta region, Chile, and 70% of
the Mantoverde copper -gold mine, located in the Atacama region, Chile. In addition, we own the fully permitted
Santo Domingo copper -iron-gold project, located approximately 30 kilometr es northeast of Mantoverde in the
Atacama region, Chile, as well as a portfolio of exploration properties in the Americas.
Capstone Copper’s strategy is to unlock transformational copper production growth while executing on cost and
operational improvements through innovation, optimization and safe and responsible production throughout our
portfolio of assets. We focus on profitability and disciplined capital allocation to surface stakeholder value. We are
committed to creating a positive impact in the lives of our people and local communities, while delivering compelling
returns to investors by responsibly producing copper to meet the world’s growing needs.
Further information is available at www.capstonecopper.com
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This document may contain “forward-looking information” within the meaning of Canadian securities legislation and
“forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of
1995 (collectively, “forward-looking statements”). These forward-looking statements are made as of the date of this
document and the Company does not intend, and does not assume any obligation, to update these forward-looking
statements, except as required under applicable securities legislation.
Forward-looking statements include, but are not limited to, statements with respect to the estimation of Mineral
Resources and Mineral Reserves, the success of the underground paste backfill and tailings filtration projects at
Cozamin, the timing and cost of the Mantoverde Development Project ("MVDP"), the timing and results of the
Optimized Mantoverde Development Project ("MV Optimized FS") and Mantoverde Phase II study, the timing and
results of PV District Growth Study (as defined below), the timing and results of Mantos Blancos Phase II Feasibility
Study, the timing and success of the Mantoverde - Santo Domingo Cobalt Feasibility Study, the timing and results
of the Santo Domingo FS Update and success of incorporating synergies previously identified in the Mantoverde -
Santo Domingo District Integration Plan, the timing and results of exploration and potential opportunities at Sierra
Norte, the realization of Mineral Reserve estimates, the timing and amount of estimated future production, the costs
of production and capital expenditures and reclamation, the timing and costs of the Minto obligations and other
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obligations related to the closure of the Minto Mine, the budgets for exploration at Cozamin, Santo Domingo, Pinto
Valley, Mantos Blancos, Mantoverde, and other exploration projects, the timing and success of the Copper Cities
project, the success of our mining operations, the continuing success of mineral exploration, the estimations for
potential quantities and grade of inferred resources and exploration targets, our ability to fund future exploration
activities, our ability to finance the Santo Domingo d evelopment project, environmental and geotechnical risks,
unanticipated reclamation expenses and title disputes, the success of the synergies and catalysts related to prior
transactions, in particular but not limited to, the potential synergies with Mantov erde and Santo Domingo, the
anticipated future production, costs of production, including the cost of sulphuric acid and oil and other fuel, capital
expenditures and reclamation of Company’s operations and development projects, our estimates of available
liquidity, and the risks included in our continuous disclosure filings on SEDAR+ at www.sedarplus.ca. The impact
of global events such as pandemics, geopolitical conflict, or other events, to Capstone is dependent on a number
of factors outside of our control and knowledge, including the effectiveness of the measures taken by public health
and governmental authorities to combat the spread of diseases, global economic uncertainties and outlook due to
widespread diseases or geopolitical events or conflicts, s upply chain delays resulting in lack of availability of
supplies, goods and equipment, and evolving restrictions relating to mining activities and to travel in certain
jurisdictions in which we operate. In certain cases, forward-looking statements can be identified by the use of words
such as “anticipates”, “approximately”, “believes”, “budget”, “estimates”, “expects”, “forecasts”, “guidance”,
“intends”, “plans”, “scheduled”, “target”, or variations of such words and phrases, or statements that certain actions,
events or results “be achieved”, “could”, “may”, “might”, “occur”, “should”, “will be taken” or “would” or the negative
of these terms or comparable terminology.
Non-GAAP and Other Performance Measures
The Company uses certain performance measures in its analysis. "C1 Cash Costs" and "Total Project Operating
Cost" are Non- GAAP performance measures. These Non- GAAP performance measures are included in this
document because these statistics are key performance measures that management uses to monitor performance,
to assess how the Company is performing, and to plan and assess the overall effectiveness and efficiency of mining
operations. These performance measures do not have a standard meaning within IFRS and, therefore, amounts
presented may not be comparable to similar data presented by other mining companies. These performance
measures should not be considered in isolation as a substitute for measures of performance in accordance with
IFRS.
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Contact Information
Daniel Sampieri, Director, Investor Relations & Strategic Analysis
437-788-1767
Michael Slifirski, Director, Investor Relations, APAC Region
61-412-251-818