- Clean, 100% title: Super Copper to acquire outright ownership with no royalties, back-ins or encumbrances, preserving full project economics.
- Low entry cost, success-linked upside, and zero share dilution: US $100k at closing, no share dilution; further cash only by milestones such as a significant drill intercept, a Preliminary Economic Assessment with ≥$50M NPV, or first commercial sale from production.
- Past‐producing neighbourhood: records indicate that roughly 1.3 Mt averaging 1.2% acid-soluble Cu were trucked from Manto Negro Mine to Pucobre’s nearby Biocobre SX-EW plant between 2005 and 2009, providing a processing analogue for Castilla*.
- Developed infrastructure and access: Located 5 km from the Pan-American Highway and a high-voltage power corridor, with SX-EW facilities within 70 km, enabling low-capital development scenarios.
SUPER COPPER CORP. (CSE: CUPR) (OTCQB: CUPPF) (FSE: N60) (“Super Copper” or the “Company”), is pleased to announce it has entered into a binding, all-cash definitive agreement to acquire 100% of the Castilla Copper Project (“Castilla” or the “Castilla Project”) from Verdant Resources SpA, a private Chilean company comprised of geologists and mining professionals.
Castilla Copper Project:
The Castilla Project is a 5,800-hectare package of twenty exploration concessions located in Chile’s Atacama Region. The Project lies within the north/northeast Atacama fault system trend, along with the nearby and parallel historic Manto Negro open pit copper mine (“Manto Negro”) trend. Government records indicate that there are several mineral occurrences within the Project boundaries. Castilla lies on the same northeast and northwest-southeast structural corridor as the historic Manto Negro, which produced approximately 1.3 million tonnes (Mt) of 1.2% soluble copper between 2005 and 2009 (Source Jobin-Bevans, 2024)*. Manto Negro is an example of near surface oxide copper mineralization that is nearby and may or may not be indicative of mineralization on the Castilla Project. There are a number of historical artisanal workings on the Project lands and occurrences (Figure 1) but the Company has yet to conduct sampling.
Key Highlights:
- 100% outright ownership, no royalties: Super Copper will hold the Castilla concessions free and clear of any net-smelter return (“NSR”) or back-in rights.
- Potential metallurgical analogue: Castilla covers the untested western fault block of the breccia horizon exploited at Manto Negro, where copper was recovered by straightforward heap-leach/SX-EW processing.
- Exploration Opportunity: A property visit has confirmed the presence of artisanal mine workings and the presence of anomalous copper, gold, and silver. Reconnaissance samples have yet to be collected by Super Copper; the ground has never been drilled.
- Capital-efficient entry: Cash consideration of US $100,000 on closing; additional cash is payable only upon discovery drilling success, delivery of a positive Preliminary Economic Assessment (“PEA”) of ≥US$50 million Net Present Value (“NPV”), and achievement of first commercial sale from production.
- Logistical synergies: Castilla sits ~65 km by paved road from Copiapó and ~95 km from Super Copper’s Cordillera Cobre project, allowing shared personnel, contractors and permitting resources.
Zachary Dolesky, Chief Executive Officer of Super Copper, stated: “Castilla offers an exceptional risk-reward profile: we secure 5,800 hectares on a copper-oxide trend for a small upfront fee with all future payments tied to genuine discovery and development milestones. The historical record at the neighbouring Manto Negro pit provides a processing template, while the proximity to Cordillera Cobre lets us stretch each exploration dollar further. We believe Castilla has the potential to deliver results once drilled, and we are eager to begin work.”
Location and Setting:
The Castilla Project is situated approximately 65 km southwest of Copiapó in Chile’s northern Atacama Region (see Figure 1). This part of the Atacama hosts the well-known Punta del Cobre iron-oxide copper–gold (IOCG) belt, a 20 km-long, 5 km-wide corridor containing a cluster of IOCG and manto-style deposits of various sizes. Major operations within the belt include Alcaparrosa, Carola, Española, Punta del Cobre, Santos, Socavón Rampa and Trinidad, while Lundin Mining’s Candelaria complex lies ~50 km to the northeast.
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