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CSC - Capstone Copper Corp.

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Capstone Copper Corp (Capstone) is a base metals mining company. It is involved in the exploration and production of metals in Chile, the US, Canada, and Mexico. The company focuses on the production of copper, with gold, silver, zinc, molybdenum, and copper concentrate produced as by-products.

Capstone’s production assets include the Cozamin mine in Mexico, Mantoverde, Mantos Blancos in Chile, and the Pinto Valley mine in Arizona, the US. The company operates development project, Santo Domingo Project in north of Copiapo, Chile, Planalto Project in Carajas, Brazil, and Copper Cities project in Arizona, USA. It also has exploration projects and development projects in Americas. Capstone is headquartered in Vancouver, British Columbia, Canada.

ASX Dual Listing

Capstone intends to apply to list as a Foreign Exempt Issuer on the Australian Securities Exchange (“ASX”) during the first quarter of 2024. The Company has grown a substantial investor base in the Asia Pacific region and this strategy will broaden Capstone’s exposure within these markets. The Company does not intend to raise capital as part of the listing on the ASX and Capstone’s common shares will continue trading on the Toronto Stock Exchange, its primary listing.

The ASX is a premium market with a long track record as a platform for mining companies. It provides a deep and liquid pool of sophisticated investors and market participants who are limited or restricted to only ASX-listed issuers and have a strong understanding of the mining business.


It is anticipated that CSC will list on the ASX during February 2024.

 
Listing date2 February 2024 ; 12:00 PM AEDT ##
Company contacthttps://capstonecopper.com/
Ph: +1 604 684 8894
Principal ActivitiesCopper mining and production
Issue PriceN/A
Issue TypeChess Depositary Interests
Security codeCSC
Capital to be RaisedN/A
Expected offer close dateN/A
UnderwriterN/A
 

Macquarie's favourite ASX-listed copper play (and its not Sandfire or BHP) by Kerry Sun - Market Index


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big company with a spread of assets .

Since listing in April on the ASX, it has travelled along, under the radar a bit.
Screenshot_20240705-130246_CommSec.jpg

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... announces that first saleable copper concentrate was produced at its Mantoverde Development Project in Chile, as the mine advances commissioning and ramps up to full production levels.

The unchanged key commissioning milestones at the MVDP include:
• First ore to the primary crusher – completed in Q4 2023
• First ore to the grinding circuit – completed in Q1 2024
• First saleable concentrate – completed in Q2 2024
• Achievement of nameplate operating rates – expected during Q3 2024

CEO John McKenzie said; “First saleable copper concentrate production at MVDP is a significant milestone for Capstone. This achievement is a testament to our dedicated and skilled teams, who continue to work towards a safe and efficient ramp-up to nameplate operating rates. MVDP remains on track and on budget with our guidance previously disclosed. “In July, we plan to release an updated feasibility study for our Santo Domingo project, followed by a feasibility study for our Mantoverde Optimized project later in the quarter, which will define the next phases of our value-accretive production growth in the district.

About MVDP
MVDP is expected to enable the mine to process 236 million tonnes of copper sulphide reserves (which represent approximately 20% of total sulphide resources) over a 20-year expected mine life, in addition to existing oxide reserves. The MVDP involves the addition of a sulphide concentrator (nominal 32,000 ore tonnes per day) and tailings storage facility, and the expansion of the existing desalination plant and other minor infrastructure.

For a virtual tour of the Mantoverde Development Project please visit: https://vrify.com/decks/12698-
mantoverde-development-project
 
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