Cascabel (Au, Cu)

Royalty and Terms: 0.6% NSR royalty over the entire Cascabel property covering 4,979 hectares. SolGold has the right to buydown one-third of the NSR for 4 years.
Operator:  Visit SolGold for more information
Primary Commodity: Gold, Copper
Location: Imbabura, Ecuador
Reserves and Resources:
  • Alpala Deposit:
    • Proven and probable reserves of 3,261 kt Cu (558 Mt @ 0.58% Cu) and 9,370 koz Au (558 Mt @ 0.52 g/t Au)
    • Measured and indicated resources (exclusive of reserves) of 6,643 kt Cu (2,104 Mt @ 0.32% Cu) and 12,230 koz Au (2,104 Mt @ 0.18 g/t Au)
    • Inferred resources of 1,301 kt Cu (544 Mt @ 0.24% Cu) and 1,900 koz Au (544 Mt @ 0.11 g/t Au)
  • Tandayama-America deposit:
    • Measured and indicated resources (exclusive of reserves) of 1,271 kt Cu (529 Mt @ 0.24% Cu) and 3,160 koz Au (529 Mt @ 0.19 g/t Au)
    • Inferred resources of 260 kt Cu (105 Mt @ 0.24% Cu) and 620 koz Au (105 Mt @ 0.18 g/t Au)
Production:
  • LOM Avg.: 109 kt Cu, 293 koz Au & 835 koz Ag

Catalysts:

  • Ongoing results of the strategic review process after recent consolidation of 100% of Cascabel and U$36M investment from Jiangxi Copper
  • Advancing and de-risking of project including permitting/ESIA, metallurgical and process plant design optimization
  • Life-of-mine extension potential and further resource definition and extension of Alpala deposit
  • Potential for discovery of new porphyry centers over regional exploration initiatives covering large Cascabel land package

More details in the 2023 Asset Handbook

 

 
Cascabel, page 43
Source: Company disclosure and Osisko management estimates.