{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Company Interviews","title":"Camino Minerals (TSXV:COR) - Developer Details Timeline for Fully-Permitted Chilean Copper Project","html":"","width":"100%","height":180,"duration":2152,"description":"Interview with Jay Chmelauskas, President & CEO of Camino Minerals Corp.\nRecording date: 8th January 2025\nCamino Minerals is advancing its copper portfolio through a strategic acquisition in Chile while pursuing exploration success in Peru. The company has announced the acquisition of the fully permitted Puquios copper project in Chile through a 50/50 partnership with Nittetsu Mining, where Nittetsu will contribute cash for their half while Camino will pay in shares.\nThe Puquios project is positioned for near-term production, with a timeline of 2-3 years from purchase to first copper output. The project will require 6-12 months for debt financing followed by a 24-30 month construction period. Based on historical definitive feasibility study work, Puquios is expected to produce 9,000 tonnes of copper per annum over a 10-14 year mine life, utilizing SX-EW processing to mine an enriched chalcocite-oxide resource.\nThe project's development is significantly de-risked through the partnership with Nittetsu Mining, who will take over as operator once a production decision is made. Nittetsu brings valuable operational synergies, as they are currently building their own $400M copper mine just 50 kilometers from Puquios.\nIn parallel, Camino is advancing its Los Chapitos copper project in Peru, where Nittetsu has already invested $7 million to earn a 35% stake. The company plans to resume drilling in January, targeting 11 high-priority targets. The property shows significant exploration potential, with two major deep-seated structures identified across its 12-kilometer length. The project's prospects have been further validated by mining giant Rio Tinto's recent staking of ground along the same structural extensions.\nCEO Jay Chmelauskas, who is personally taking a 10% stake in the company's current financing round, sees significant opportunity in the copper market. The company is positioning itself to capitalize on projected copper supply deficits driven by increasing demand...","thumbnail_url":"https://img.transistorcdn.com/1wv-MFlQAgnm-ca64e5kK4984dZB0os8-HJdRVsI74M/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzEzNTcyLzE2MjM5/NTQyMDctYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}