Exeter’s 100% owned Caspiche Project in Chile (with a 3% Net Smelter Royalty to Anglo American Chile Limitada) is a gold-copper porphyry system, a type of mineral deposit common to many of the world’s largest open pit gold-copper mines. It is located in the prolific Maricunga mineral belt.
The Caspiche deposit is one of the largest new discoveries in South America in the last decade and represents the potential to be a very high tonnage, long life mining operation. The Caspiche deposit also has an oxide gold zone on surface and a high-grade gold-copper core that could present opportunities for smaller scale selective development. Caspiche’s location in the heart of Chile’s northern mining region is important strategically. Chile’s attractiveness as an investment jurisdiction is universally acknowledged as it provides a mining friendly climate with a politically stable government and a clear and transparent development process.