The Santo Domingo Project, owned 70% by Capstone and 30% by Korea Resources Corporation (KORES), the Korean state-owned resource acquisition enterprise, is a large-scale copper-iron development project. The Santo Domingo Project is located 50 kilometres west of Codelco's El Salvador copper mine, and 130 kilometres north northeast of Copiapů in Region III, Chile, near the town of Diego de Almagro. Elevation at the site ranges from 1,000 to 1,280 metres above sea level, with relatively gentle topographic relief.
The project is expected to be developed through a long-term strategic partnership with KORES, who will participate in arranging debt financing.
|Key Facts (June 2014 Feasibility Study)|
|Location||Region III, Chile|
|By-products||Magnetite iron, gold|
|Mine life||18 years|
|Proposed mining type||Open pit|
|Planned average operating throughput (tonnes per day)||60,500|
|Average annual production||128 M lbs Cu, 4.2 Mt Iron Concentrate, 16,000 oz Au|
|Total Reserves (000's Tonnes)||391,700 (70% Capstone: 274,190)|
|Grade (Cu %)||0.30|
|Contained metal (M lbs Cu)||2,570.4 (70% Capstone: 1,799)|
Additional information on Capstone's Mineral Reserves and Mineral Resources is available here.