Warintza

Copper-molybdenum porphyry complex comprising the Warintza Central, East, West, and South deposits. Located approximately 85 km east-southeast of Cuenca, accessed via national highways and the Limón-Warints road, with power planned via a 62 km 230 kV transmission line from the Bomboiza substation. Property consists of nine metallic mineral concessions covering 26,773 ha. Nov-2025 PFS outlines a 60.2 Mtpa open-pit operation over a 22-year LOM producing ~156 kt Cu/yr at AISC of US$1.07/lb (first 15 years), with initial capex of US$3,729M and after-tax NPV8 of US$4,617M. Flagship Ecuadorian copper asset.