Suruca

Operator : Lundin Mining Corporation (100%)

Sustainability : Responsible Mining

Acquisition Date : May 27, 2020 (Effective date: January 1, 2020)

Terms : 2% NSR royalty

Overview

The Suruca project, part of the Chapada mine is a gold bearing development project located approximately 7km NE of Chapada mine.

Run of mine material from the Suruca deposit which consists of oxide and sulphide mineralization, will be processed separately, the oxide ore will be processed using conventional heap leaching technology, the sulphide ore will be processed in the existing Chapada or using a new CIL plant.

Suruca oxide pit and heap leach initial capital cost is estimated to be $57.3 million. Permitting is all completed and basic engineering advanced.

Link to Technical Report