Super Copper’s Cordillera project approved by Chile’s National Mining Authority
Super Copper (CSE: CUPR) (OTCQB: CUPPF) announced Wednesday its Cordillera Cobre copper project has now received approval for 26 mining concessions from Chile’s National Mining Authority (Sernageomin).
The concessions cover approximately 6,858 hectares in the Atacama copper belt.
Super Copper said it has now completed the most technical and challenging portion of the Chilean mining rights process, with 26 exploitation concessions that make up the Cordillera Cobre claim block fully approved by the National Geology and Mining Service.
The company said 25 concessions have received formal court resolutions establishing them; 15 concessions have had their legal extract published in the Official Mining Gazette; and registration in the Copiapó Mining Registry is now underway.
Once registration is complete, each concession becomes a legally constituted exploitation concession, granting full and permanent mining rights, it said.
“This is a critical milestone for Super Copper. Securing exploitation concessions, not just exploration rights, gives full and permanent mining rights at Cordillera Cobre,” Super Copper CEO Zachary Dolesky said in a news release.
“With the title process effectively complete and registration progressing as planned, we are positioned to submit our drill program promptly upon finalizing results from our most recent exploration work,” Dolesky said. “This positions Super Copper to advance one of the most exciting new copper projects in the Atacama region, at a time when global copper demand is entering a major structural deficit.”
In July, the Canadian junior also struck a deal to acquire 100% of the Castilla copper project, locking down a 5,800-hectare land package near the historic Manto Negro mine.