Antofagasta lifts estimates at Cachorro, unveils findings for Encierro

Chilean miner Antofagasta said on Tuesday upgraded copper estimates at the Cachorro project and unveiled its inaugural assessment of the Encierro discovery.

Antofagasta
14 June 2022 12:47:21

Source: Sharecast

Encierro is located in the Chilean High Andes, 600km north of the capital Santiago. Antofagasta is the majority stakeholder of the joint venture project it runs with Barrick Gold and operates the exploration programme.

During 2016 to 2021 drilling identified a significant deposit containing 522 million tonnes (Mt) of resources at 0.79% copper equivalent, the company told participants of a seminar at the 2022 Prospectors and Developers Association in Toronto, Canada.

Antofagasta also provided an update on its wholly-owned Cachorro project where further in-fill drilling increased the deposit size to 155 Mt of inferred resources of 1.20% copper, up from 142 Mt of 1.21% copper reported at the end of December.

The deposit is in the western Atacama Desert in northern Chile, 100 km north-east of the city of Antofagasta and 1,100km north of Santiago. It lies between the Company's Antucoya and Centinela operations and may benefit from the use of their facilities, the company said.

Transferring your account

Transfer your existing ISAs and Share Dealing Accounts and you could save money. In order to transfer, log in to your existing account and complete the online application form. We’ll do the rest for you. It’s free to transfer (we will not charge you). Please check your current provider to see if they have any charges for transferring.

Transfer to us

FTSE 100 ( UKX )

Isin: N/A

Exchange: London Stock Exchange

Sell:

0.00

Buy:

0.00

Change: -41.19 ( -0.46 %)

Date:

17/06/2025 - 16:40

Prices delayed by at least 15 minutes

Compare our accounts

If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.

View our accounts

Bank of Scotland is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.

Important legal information

Bank of Scotland Share Dealing Service is operated by Halifax Share Dealing Limited. Halifax Share Dealing Limited. Registered in England and Wales No. 3195646. Registered Office: Trinity Road, Halifax, West Yorkshire HX1 2RG. Authorised and regulated by the Financial Conduct Authority, 12 Endeavour Square, London, E20 1JN under number 183332. A Member of the London Stock Exchange and an HM Revenue & Customs Approved ISA Manager.

The information contained within this website is provided by Allfunds Digital, S.L.U. acting through its business division Digital Look Ltd unless otherwise stated. The information is not intended to be advice or a recommendation to buy, sell or hold any of the shares, companies or investment vehicles mentioned, nor is it information meant to be a research recommendation. This is a solution powered by Allfunds Digital, S.L.U. acting through its business division Digital Look Ltd incorporating their prices, data news, charts, fundamentals and investor tools on this site. Terms and conditions apply. Prices and trades are provided by Allfunds Digital, S.L.U. acting through its business division Digital Look Ltd and are delayed by at least 15 minutes.

Data provided by FE fundinfo. Care has been taken to ensure that the information is correct, but FE fundinfo neither warrants, represents nor guarantees the contents of information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Past performance does not predict future performance, it should not be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise.