March 23rd, 2022
Culpeo Minerals (ASX: CPO) signs agreement to acquire up to 80% of Lana Corina project expanding its copper portfolio in Chile.SHARE
This mining option agreement was signed with SCM Antares, the current owner of the project. The latter may be acquired by Culpeo in four phases, first securing 20% ownership, then 50%, 65% and finally 80%.
Lana Corina is a high grade copper project located in the coastal region of Coquimbo, two km from the town of Soruco, 50 km from the Pacific Ocean and 40 km north of the Quelon project, also owned by Culpeo.
This operation allows Culpeo to secure the exploration of a high grade copper project located at low altitude and with good access to infrastructure. In addition to Lana Corina and Quelon, the company has previously acquired other red metal projects in Chile: Las Petacas and San Sebastian.
The Barros Silva Varela & Vigil team, led by Francisco Varela and Jaime Werner, with the support of Fernanda Contreras and Rafael Reyes, provided all legal advice to Culpeo.
Culpeo Minerals Limited is a company listed on the Australian Stock Exchange (ASX) dedicated to the exploration and development of mining projects.