Loreto Copper Project
A World-Class Porphyry Copper Address
Resource
Copper
Region
Northern Chile, South America
Ownership
100%
Phase
Exploration
Project Summary
Unexplored Loreto porphyry copper target. Option & Joint Venture Agreement recently executed with Teck, one of Canada’s leading mining companies, to explore Loreto.
Highlights
Agreement with Teck
Teck Chile has been granted options to earn up to a 75% interest in Loreto by making US$0.6m in staged cash payments (~A$0.8m) to Asara and spending US$17m on exploration (~A$23m).
Compelling Copper Target
Asara’s exploration has identified a highly prospective 2.3km x 1km alteration centre at Loreto which has the potential to host a deeper porphyry copper deposit.
World-Class Porphyry Copper Address
Loreto lies at the northern extension of Chile’s West Fissure - the world’s largest concentration of major porphyry copper-molybdenum deposits. The Loreto mining concessions are surrounded by BHP and Codelco.
