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Vizcachitas Copper- Molybdenum project, Rio Rocin Valley, Central Chile

Project:

Vizcachitas Copper- Molybdenum project

Location:

Rio Rocin Valley, Central Chile

Ownership:

100% owned by Los Andes Copper (TSX-V: LA)

Royalty:

0.98% NSR on open pit production and 0.49% NSR on underground production from the San Jose 1/3000 claim that covers approximately 50% of the mine plan in the Preliminary Economic Assessment (“PEA”) on Vizcachitas dated June 13, 2019. The mine plan in the PEA is 100% open pit.

As of June 13, 2019, Los Andes reported the following resources at Vizcachitas (100% basis):

Category Tonnes
(millions)
Copper Grade (%) Contained Copper
(millions of lbs)
Molybdenum Grade (%) Contained Molybdenum
(millions of lbs)
Silver Grade (g/t) Contained Silver
(millions of ounces)
Measured 254.4 0.439 2,462 0.012 67 1.26 10.3
Indicated 1,029.7 0.385 8,740 0.014 333 1.00 33.1
Total Measured & Indicated Resources 1,284.0 0.396 11,202 0.014 400 1.05 43.4
Inferred 788.8 0.337 5,861 0.013 221 0.88 22.3