Coro has a series of properties, projects and operations that range from exploration to development to copper production as well as several projects with potential income generating capabilities.
Coro is currently focusing its efforts and capital on in two key areas: first, fast tracking development at its Marimaca project located in Chile’s Region II and second, production expansion at its SCM Berta operation, located in Chile’s Region III, a proven mining-friendly jurisdiction. Other properties and projects represent future growth or income potential.
Marimaca is an open pit mineable, heap leach project with a maiden resource (released in January 2017) of 145,500 tonnes (320,772,600 lbs) of Measured & Indicated + 99,300 tonnes (218,919,000 lbs) of Inferred contained copper (* see Marimaca Mineral Resource - LINK). This deposit is open in three directions, has a low strip ratio, exhibits good metallurgy and is well-located with respect to infrastructure.
SCM Berta, 65% owned by Coro and 35% by ProPipe, SA, is the entity which holds the Berta copper mine, the Nora SXEW (Solvent Extraction & Electrowinning) plant and the El Jote mineral deposit. Leaching facilities are being installed at Berta to expand copper production capacity from the current 3,000 tonne (6,613,870 lbs) per year to 4,800 tonnes (10, 582,190 lbs) per year. The El Jote deposit has the potential to provide additional mineral resources to expand or extend production at this operation. ProPipe is a Chilean engineering company which serves as a development team for Coro operations.
Other Chilean projects include Prat plant, which has the potential to contribute to Coro’s future copper production, the 100% owned Llancahue project representing future exploration potential, and the 100% owned Celeste iron ore project, shuttered until recovery in iron ore prices. The San Jorge project in Argentina provides future royalty potential.