Mantoverde-Santo Domingo district integration

Growth

The Company’s next phase of transformational growth will be a construction decision and integration of the Santo Domingo project.  The development of Santo Domingo is key to unlocking district synergies in the world-class Mantoverde-Santo Domingo (“MV-SD”) district.

In November 2022, Capstone announced the Mantoverde-Santo Domingo (“MV-SD”) District Integration Plan (the “Plan”) to showcase the path towards creating a world-class mining district in the Atacama region of Chile, targeting low-cost copper production with the potential to also become one of the largest and lowest cost battery grade cobalt producers in the world outside of the Democratic Republic of Congo.  In 2024, Capstone announced updated Feasibility Studies for Mantoverde and Santo Domingo, which further support the potential for mine life extension and optimization in the district. 

The ability to leverage district-scale synergies presents an opportunity to unlock operating cost savings, while also enabling additional copper and cobalt production – with strategic by-product sulphuric acid production used to treat district copper oxides and fill excess SX-EW capacity,  infrastructure capital savings, and the potential for significant tax synergies through the reinvestment in Chile to support district growth. The combination of key infrastructure already in place alongside an experienced mine building and operating team significantly de-risks the future development of the Santo Domingo Project and the District.