Vicuña Corp. reveals one of the largest copper, gold and silver deposits in the world

Monday 05th May 2025 07:41 AM

The project, currently in Pre-Construction Stageproposes a conventional open -pit mined to more than 4,000 meters high and mineral processing through crushing and grinding, flotation and filtration of the concentrate of the concentrate of coppereconomically viable and responsible with the care of people, the environment and host communities. The operation is estimated in 19 years.

According to these calculations, the passage to the construction stage, which will take about three years, will require an investment of US $ 5,000 million and the hiring of 6,000 direct workers, and approximately 35,000 indirect.

Only with this level of investment plus the production stage, San Juan will increase almost 13% its gross internal product and scale to the room eight in the ranking of more exporting provinces in the country, only surpassed by the agricultural Buenos Aires, Córdoba and Santa Fe.

Vicuña Cobre District

The Map of the Vicuña district before the sale of the projects. On an Argentine side, the mining area includes Josemaría, Filo del Sol and Lunahuasi. On the Chilean side are the ice cream and houses.

Mineral resources worldwide

The consolidated mineral resources of the Vicuña district have great magnitude figures:

Copper: 13 million tons (MT) in measured and indicated category (M&I) to an average law of 0.35% Cu, and 25 mt in category inferred to 0.32% Cu.
Oro: 32 million ounces (Moz) m & i at 0.27 g/t au, and 49 Moz inferred to 0.19 g/t au.
Plata: 659 Moz M&I a 5,6 g/t Ag, y 808 Moz inferidas a 3,2 g/t Ag.

These figures place the Vicuña district among the most relevant metal discoveries of the last decades, with a High expansion potential in future explorations.

Generational discovery and high law nucleus

The project Filo del Sol is considered the Greater Greenfield discovery of copper in the last 30 yearsaccording to Global S&P rankings. Both Filo del Sol and Josemaría present High law mineralization nuclei that could be exploited during the initial stages of mining development:

Sun Filo (High Law Nucleus): 606 mt (m & i) at 1.14% Cueq, equivalent to 4.5 mt of copper, 9.6 gold and 259 silver moz.
Josemaría (high law near surface): 196 mt (m & i) at 0.73% Cueq, with 978 thousand tons of copper, 2.4 gold and 11 silver moz.

These high -law areas provide strategic advantages to Accelerate profitability of the project in its early operational stages.

Filo del Sol Resources Vicuña Corp.

Filo del Sol. Limited perforations at the East and West edges of the Tagus have intercepted mineralization and provide the opportunity to extend the width of the tank, which could convert material currently classified as waste into resource.

Surface oxides and staggered development

The Filo del Sol deposit also has a significant surface copper oxides layersuitable for pile leaching, which reduces the initial investment in infrastructure. This area includes:

Sun edge oxides: 434 Mt (M&I) a 0,34% Cu, 0,28 g/t Au y 2,5 g/t Ag.
High law oxides zone: 181 mt (m & i) at 1.05% Cueq, including 911 kt of copper, 2.3 gold and 230 silver moz.

The presence of these oxides allows a PHASE DEVELOPMENT STRATEGYwith lower capital costs and earlier investment.

Open Expansion and Geology Potential

Drilling campaigns in Filo del Sol and Josemaría indicate that the mineralization continues in depth And it has not been completely delimited.

In addition, new perforations in the area Flamencoonly 2 km south of the edge of the Sun, they reveal the presence of mineralization beyond the current limits of the resource.

This continuous growth potential opens the doors to future staggered expansions of the project, with the capacity to transform into a world Class Mining Complex.

Technical supervision and institutional support

Estimates were developed by independent mining consulting firms and industry leaders:

Filo del Sol: Estimation by SLR Consulting (Canadá) Ltd.
Josemaría: Estimation by Resource Modeling Solutions Ltd.
Technical verification: by AGP Mining Consultants Inc. y International Metallurgical and Environmental Inc.

The information was validated by Dustin Smiley, P.Eng.Qualified person under national Instrument 43-101 of Canadian Securities Administrators.

A strategic project for the future of copper

“This estimation of resources is a Key milestone for Vicuñawhich progresses significantly towards his vision of developing an integrated project ”, he said DAVE DICAIREGeneral Manager of Vicuña Corp.

“We are committed to a responsible advance that generates a positive impact on local communities and regional and national economies,” he added.

Dave Dicaire Vicuña Corp.

Dave Dicaire was a senior vice president of the Josemaría project since August 2022, with general responsibility on all issues related to the project, from design and the first works to construction and implementation.

In the previous statement of Lundin, Jack LundinPresident and Executive Director, commented: “Filo del Sol It has been one of the most significant field discoveries of the last 30 years and an incredible experience for all involved. Congratulations to the Filo team for this remarkable discovery and for having taken the site as far as it is today. “

One of the Lundin brothers in charge of the company said that “the initial mineral resource has highlighted the potential for one of the open -pitched copper projects without developing the world’s greatest law and one of the greatest gold and silver resources worldwide. Sun Filo and the Vicuña district are ready to become a world -class deposit that will support a world -renowned mining complex.”

Since its creation in January 2025, Vicuña Corp. advances in technical and economic studies that support the development of one of the Emerging copper districts more promising on the planet.