Acquisition:
2022 / 08 / 15
Agreement:
Royalty
Terms:
Cu > $1.25/lb = 0.63% NSR;
Cu < $1.25/lb = varies
Development Highlights
Caserones is owned and operated by Minera Lumina Copper Chile, which is indirectly owned by Lundin Mining Corporation (70%) and JX Nippon Mining & Metals Corporation (30%).
The Caserones mine has 11 years of operational history. On July 13, 2023, Lundin Mining published a Technical Report in accordance with NI 43-101 which outlined a mine life through 2037 and average annual production of approximately 110,000 tonnes of copper. For 2025, Lundin Mining expects to produce 115–125 kt of copper at Caserones.
The mine benefits from a significant historical investment of $4.2 billion, well-established infrastructure, and is expected to produce significant volumes of copper and molybdenum over the long-term.
Lundin Mining has identified several priority exploration targets at the property, the majority of which are situated on Sandstorm’s royalty ground.
Royalty Ounces
Attributable to Sandstorm
| P&P | M&I1 | Inferred | |
|---|---|---|---|
| Caserones GEOs | 57 koz | 25 koz | 6 koz |
1. Measured and Indicated Mineral Resources are Exclusive of Mineral Reserves.
For notes to Royalty Ounces see page 109 to page 112 of our Asset Handbook.
Reserves and Resources
On a 100% Basis
| Tonnage | Grade | Contained | ||
|---|---|---|---|---|
| Proven & Probable | ||||
| Copper |  | 884.3 Mt | 0.29% | 5,736 mlbs |
| Molybdenum |  | 884.3 Mt | 0.010% | 205 mlbs |
| Measured & Indicated1 | ||||
| Copper | | 1,334.8 Mt | 0.28% | 8,195 mlbs |
| Molybdenum | | 1,334.8 Mt | 0.010% | 320 mlbs |
| Inferred | ||||
| Copper | | 116.5 Mt | 0.22% | 564 mlbs |
| Molybdenum | | 116.5 Mt | 0.010% | 26 mlbs |
1. Measured and Indicated Mineral Resources are Inclusive of Mineral Reserves.
For notes to Mineral Reserves and Mineral Resources see page 118 of our Asset Handbook.
