Vizcachitas

Vizcachitas is a large copper-molybdenum porphyry deposit in central Chile, owned by Los Andes Copper Ltd. On April 11, 2023, the company released a pre-feasibility study outlining a 26-year open-pit mine life, with average annual copper production of 183,000 tonnes at a cash cost of $0.93/lb during the first eight years. The study estimates a post-tax Net Present Value of $2.8 billion and an IRR of 24%. The project benefits from existing infrastructure, including transport, power, desalinated water access, and year-round operating conditions.

Los Andes has resumed exploration and optimization drilling, targeting potential resource extensions to the east, west, and at depth. A feasibility study is expected to be completed in 2027, with the potential start of commercial production in 2031. The royalty applies to approximately 50% of the planned open-pit area.

Metalla holds a 0.98% NSR royalty on the open pit and a 0.49% NSR on the undeground at Vizcachitas.