Los Andes Copper Project Update Desalinated Water Agreement Advanced as Part of Pre- Feasibility Planning
Los Andes Copper Project Update
Desalinated Water Agreement Advanced as Part of Pre-
Feasibility Planning
Vancouver, British Columbia--(Newsfile Corp. - September 20, 2022) - Los Andes Copper Ltd. (TSXV:
LA) (OTCQX: LSANF) ("Los Andes" or the "Company") is pleased to report on progress on its
Vizcachitas large-scale copper project in Chile. A letter of intent has been signed with Desala Petorca
SPA to work on the project option to use desalinated seawater for the project ("Desala"). Desala is a
firm dedicated to the development of water desalinization for water consumption and irrigation under a
multi-purpose and multi-client scale. Desala is developing plans for a desalinated plant in the coast of
Papudo, V Region, with a capacity of approximately 2,050 lts/sec. The agreement with Desala advances
an important option for the project consistent with sustainable mining for copper which is an essential
metal for electrification.
R. Michael Jones, CEO of Los Andes, said: "We continue to advance our Pre-Feasibility Study (PFS) on
our world-class copper project with a target date of completion in Q4 2022. Advancing the engineering
and project development plans to include the potential for collaboration on desalinated water adds an
important sustainable option to the project. We have the opportunity in the Vizcachitas Copper Project to
design a mine with sustainability as a core principle. The Desala collaboration when constructed can be
a potential positive contributor to local water availability for our region."
Operational Update
In other work on the PFS, the team is finalizing the updated resource model to include the excellent
results obtained so far in the 2022 drill program and complete the required iterations of the open pit
mine plan. Optimizations of the mill and metallurgical work are underway using dry stack tailings and a
high-pressure grinding rolls system to crush the ore for processing. These two features significantly
reduce water and energy consumption in the process of taking rocks through to copper concentrate. The
addition of the potential for the use of desalinated water makes Vizcachitas an excellent example of a
truly modern large-scale mine designed to minimize environmental and social impacts.
Los Andes Copper plans to resume exploration drilling soon with the objective of adding to the scale
potential of the project outside the current PFS mine plans.
The Company also is continuing its program of community engagement with a local development
projects program and planned weekly meetings across the region.
Los Andes Copper is increasing its interactions in the capital markets and has been gradually growing
its following and institutional ownership. Recognition of copper as essential to electrification and the
energy transition is increasing and as it does the universe of retail investor and institutional investment
interest are both building. Copper is #electricbynature.
About Los Andes Copper Ltd.
Los Andes Copper Ltd. is a development company with a 100% interest in the Vizcachitas Project in
Chile. The Company is focused on progressing the Vizcachitas Project, which is located along Chile's
most prolific copper belt, into production.
Vizcachitas is a copper-molybdenum porphyry deposit, located 120 km north of Santiago, Chile, in an
area of good infrastructure. The National Instrument 43-101 - Standards of Disclosure for Mineral
Projects ("NI 43-101") compliant report titled "Preliminary Economic Assessment of the Vizcachitas
Project" (the "PEA"), dated June 13, 2019, prepared by Tetra Tech, highlights that the Vizcachitas
Project has a post-tax NPV (8% discount rate) of approximately USD$1.8 billion and an IRR of 20.77%,
based on a USD$3 per pound copper price. The Vizcachitas Project has a Measured Resource of
254.4 million tonnes at a grade of 0.439% copper and an Indicated Resource of approximately 1.03
billion tonnes at a grade of 0.385% copper. The PEA can be found on the Company's SEDAR profile at
www.sedar.com.
The PEA is preliminary in nature, it includes inferred mineral resources that are considered too
speculative geologically to have the economic considerations applied to them that would enable them to
be categorized as mineral reserves, and there is no certainty that the PEA will be realized.
Los Andes Copper Ltd. is listed on the TSX-V under the ticker: LA.
Qualified Persons
Antony Amberg CGeol FGS, the Company's President and CEO, is the qualified person under NI 43-
101 who has reviewed and approved the scientific and technical information contained in this news
release.
For more information please contact:
R. Michael Jones , P.Eng CEO
Tel: +44 203 4407982
E-Mail:
or visit our website at:
www.losandescopper.com
Follow us on twitter
@LosAndesCopper
Follow us on LinkedIn
Los Andes Copper Ltd
Certain of the information and statements contained herein that are not historical facts, constitute
"forward-looking information" within the meaning of the Securities Act (British Columbia), Securities
Act (Ontario) and the Securities Act (Alberta) ("Forward-Looking Information").
Forward-Looking
Information is often, but not always, identified by the use of words such as "seek", "anticipate",
"believe", "plan", "estimate", "expect" and "intend"; statements that an event or result is "due" on or
"may", "will", "should", "could", or might" occur or be achieved; and, other similar expressions.
More
specifically, Forward-Looking Information involves known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or achievements of the Company, or industry
results, to be materially different from any future results, performance or achievements expressed or
implied by such Forward-Looking Information. Such Forward Looking Information includes, without
limitation, the use of proceeds from the issuance of the Convertible Debenture. Such Forward-Looking
Information is based upon the Company's assumptions regarding global and Chilean economic,
political and market conditions and the price of metals and energy, and the Company's production.
Among the factors that have a direct bearing on the Company's future results of operations and
financial conditions are changes in project parameters as plans continue to be refined, a change in
government policies, competition, currency fluctuations and restrictions and technological changes,
among other things.
Should one or more of any of the aforementioned risks and uncertainties
materialize, or should underlying assumptions prove incorrect, actual results may vary materially from
any conclusions, forecasts or projections described in the Forward-Looking Information.
Accordingly,
readers are advised not to place undue reliance on Forward-Looking Information.
Except as required
under applicable securities legislation, the Company undertakes no obligation to publicly update or
revise Forward-Looking Information, whether as a result of new information, future events or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/137807