Antofagasta PLC: Recent Development in Chilean Mining Operations

Antofagasta PLC, a London‑listed metals and mining company with operations concentrated in Chile, has announced a new development in its copper exploration programme. The company has issued diamond drill permits for the Cuprita project, located in the Antofagasta region of Chile. The permits are part of the company’s ongoing effort to expand its copper resource base through targeted drilling activities in the region where the company already operates a network of mines and associated infrastructure, including a railway service and a water distribution concession.

In addition to the permitting activity, Antofagasta PLC is following the broader progress of copper exploration in southern Chile. A recent report from ATEX, a Chilean exploration firm, highlights a significant intercept at a Phase VI drill hole in the B2B zone. The hole measured 164 metres and returned an average of 2.72 % copper equivalent (CuEq), including a 40‑metre interval at 4.73 % CuEq. While this result pertains to ATEX, it underscores the high‑grade copper potential that exists within the Antofagasta region and may influence Antofagasta PLC’s own exploration strategy.

The company’s focus remains on advancing its copper assets in Chile and exploring new opportunities in Peru. The issuance of diamond drill permits for Cuprita represents a tangible step toward enhancing the company’s resource profile and supporting its long‑term production objectives.

Sources: www.wallstreet-online.de , www.otcmarkets.com