Santo Domingo

The fully-permitted Santo Domingo copper-iron project is located near the town of Diego de Almagro in the Atacama region in Chile, approximately 35 kilometers northeast of Capstone’s Mantoverde mine and 130 kilometers north-northeast of the city of Copiapó. Elevation at the site ranges from 1,000 to 1,280 masl, with relatively gentle topographic relief.

Capstone’s Mantoverde-Santo Domingo District Integration Plan, aims to unlock the potential to produce over 200,000 tonnes per year of low-cost copper production with the option to also develop one of the largest and lowest cost battery-grade cobalt producers in the world, outside of the Democratic Republic of Congo.

Geology and exploration

The Santo Domingo deposits are located within the Cretaceous Iron Belt (“CIB”) of the Atacama fault zone. The CIB is a segment of the Atacama fault zone approximately 630 km by 40 km in dimension that hosts numerous iron oxide–copper–gold (IOCG) type deposits. The deposits lie on the east side of the Atacama fault complex, which, in this area, consists of numerous clusters of generally north–south structural breaks in a belt approximately 30 km wide. The geology underlying the property is divided into a number of structural blocks with different lithological characteristics suggesting that the blocks are part of different stratigraphic levels.

An exploration program completed in 2021 totaling 8,500 m confirmed the extension of the mineralized sequence between the Santo Domingo and Iris Norte pits. A new geological model and mineral resource is underway and will be announced with the Santo Domingo Feasibility Study in H2 2023.