Operations

Overview

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
Primary mineralization Copper
By-products Magnetite iron, gold
Ownership 70%
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.