Project:
Taca Taca Copper-Gold-Molybdenum project
Status:
Development
Location:
Salta Province, Argentina
Ownership:
100% owned by First Quantum Minerals (TSX: FM)
Royalty:
0.42% NSR on copper-gold-molybdenum that covers substantially the entire mining plan of Taca Taca.
As of November 30, 2020, First Quantum reported the following reserves and resources at Taca Taca:
Taca Taca – Reserves (100% basis)
| Category | Tonnes (millions) | Copper Grade (%) | Contained Copper (000 t) | Gold Grade (g/t) | Gold (millions of ounces) | Molybdenum Grade (%) | Contained Molybdenum (000 t) | |
| Proven | 408.3 | 0.59 | 2,402 | 0.13 | 1.7 | 0.016 | 63 | |
| Probable | 1,350.2 | 0.39 | 5,333 | 0.08 | 3.3 | 0.011 | 150 | |
| Proven + Probable | 1,758.5 | 0.44 | 7,735 | 0.09 | 5.1 | 0.012 | 214 | |
| Taca Taca – Resources (100% basis) | ||||||||
| Category | Tonnes (millions) | Copper Grade (%) | Contained Copper (000 t) | Gold Grade (g/t) | Gold (millions of ounces) | Molybdenum Grade (%) | Contained Molybdenum (000 t) | |
| Measured | 421.5 | 0.60 | 2,543 | 0.14 | 1.9 | 0.016 | 67 | |
| Indicated | 1,781.8 | 0.39 | 6,908 | 0.07 | 4.2 | 0.011 | 198 | |
| Inferred | 716.9 | 0.31 | 2,206 | 0.05 | 1.2 | 0.009 | 65 | |
The NSR is subject to a buyback right based on the value of Proven Reserves based on a Feasibility Study delivered by a respected international consulting firm that is contracted by mutual consent of all parties, including royalty holders. The buyback amount will be equivalent to the amount of the Proven Reserves multiplied by the prevailing market prices of all applicable commodities within Taca Taca.