Saray copper and multi-metal project
A consolidated mining property in one of Chile's most active copper districts, with a modeled copper resource, gold, molybdenum and iron in the same system, and ports, power and water within about 20 km.
More than copper
Copper is the quantified resource today. The technical report also confirms a Cu-Au-Fe-(Mo) iron oxide copper-gold system, which gives the project additional upside to test.
Historical data to reconcile: a prior exploration report tabulated historical geological estimates of up to ~11.23 Moz of gold and ~80.5 kt of molybdenum in veins.
These historical figures are not current mineral resources and are not part of the 2026 copper estimate. The next drilling campaign can include multi-element assays to test whether gold, molybdenum and iron add economic value.
Loreto
Steep structural corridor with about half of the contained copper.
Contacto
Integrated contact zone next to Loreto.
Antena
Vein exposed in underground workings and drilling.
D3
Shallow-dipping domain to be extended by new drilling.
The neighborhood
Saray sits in the Antofagasta-Mejillones copper belt, surrounded by producing mines, advanced projects and a working industrial port.
- Rayrock / Emperatriz~10.8 kmNearby mining asset to the west.
- Marimaca~13–15 kmFeasibility study, reserve and environmental approval in 2025; listed on the TSX.
- Sierra Miranda / Sierra Atacama~24.1 kmAsset with multiple historical environmental approvals.
- Mantos Blancos~32.8 kmOperating Capstone Copper mine with reported mine life to 2038.
High-voltage power
Transmission corridors cross the property.
Industrial water
ENGIE is developing a seawater system in Mejillones of up to 6,000 L/s.
Sulphuric acid
Noracid plant, 2,060 t/day design capacity, key for leach processing.
Puerto Angamos
Plus a US$130M concentrate terminal already operating in Mejillones Bay.
Planned freight railway
290 km regional corridor with a station planned near the project access.
Simple territory
No Indigenous communities or land overlap in the titles; no relocation needed.
Success case next door: Marimaca
Around 13–15 km from Saray, in the same corridor, Marimaca has shown how a copper project here can move from resource to feasibility, permits, financing and public-market value.
- Dec 2024Environmental impact declaration (DIA) filed
- 2025Feasibility study; reserve of ~179 Mt at 0.42% CuT
- Nov 2025Environmental approval (RCA) granted
- Feb 2026~US$288M financing, including Canadian capital
- 2026Sector permits and detailed engineering; listed on TSX and ASX
Why it matters for Saray
Same logistics platform, same access to Canadian capital, and a proven path from studies to permits and financing.
A reference, not a valuation
Marimaca is shown as regional proof of what is possible. It is not used as a direct valuation comparable for Saray.
Defined validation program
Two work phases to confirm and expand the model, separate from any acquisition price or construction capital.
Phase 1: Consolidate
US$312,000Database integration, topography, QA/QC, density and detailed field design.
Phase 2: Drill and test
US$1,970,6404,000 m of diamond drilling, new assays, metallurgical testing and an updated model.
Total program: US$2.28 million, including 20% contingency. Initial leach testing on one sample dissolved 84.27% of the copper in 72 hours.
Investment options
The owner is open to several structures. Final terms will be defined with the technical and legal documentation.
Full acquisition
Transfer of the company or project assets on negotiated terms.
Majority interest
Entry with control, tied to a defined investment program.
Strategic investment
Staged funding with negotiated rights and a later option.
Request data room access
Technical reports, drilling, assays, models, permits and titles are available for due diligence under confidentiality.
+56 9 8289 0651
Source: Saray Integrated Technical Report (effective date September 7, 2026), Wong-Pinto et al. (2020), and public disclosures from Marimaca Copper, Capstone Copper and Chilean authorities as cited in the Saray executive report. Mineral resources are Inferred and are not mineral reserves; contained copper is stated in situ and does not represent production or revenue. Historical gold and molybdenum figures are not current resources. The metallurgical result applies to one laboratory sample. Marimaca figures are for regional context only. Distances are approximate. This page is a summary and does not replace independent technical, legal or financial review.