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Altair Cancelled

Project Stages

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Early Works
Current Stage: Initial exploration & discovery
Start: 11/2013
Completion: 08/2014
In Construction
Operation
Project Details

Description

Chile-focused Estrella Resources' Altair iron-oxide-copper-gold (IOCG) project consists of 265,510ha. In February 2013, Estrella signed an option agreement with Chilean non-metallic miner SQM to earn a 100% interest in metal discoveries at the project, by funding expenditures up to the completion of a prefeasibility study (PFS) and paying option fees over the option period. The companies signed a second option agreement in May 2013, incorporating the Colupo, Dania and Ivannia prospects into the project. An estimate on the investment required for the Altair project is due by 2016, when the PFS is scheduled for completion.

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  • * Figures and dates are as per the latest publicly available information, as well as information gathered by BNamericas reporters and analysts and are subject to change.

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Key Specs

Full Name
Altair
Project Type
Copper, Gold, Iron ore, Open pit mining
Development Phase
Initial exploration & discovery
Project Status
Cancelled
Project Capacity
 Copper
 Gold
 Iron ore
 Open pit mining
Completion Date
2020
Location

The Altair project is located 90km north-northeast of Antofagasta.

* The map coordinates provided above represent the approximate latitude and longitude, and not the exact location of the project.

 

 


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Owner / operator
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Managing Director
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