CBE Targets 25,000TPA Copper Cathode, Upside to 50,000 TPA

• Initial expansion to increase copper cathode capacity to ~18,000 tpa
• Further expansion targeting ~25,000 tpa capacity
• Long-term potential to reach up to ~50,000 tpa

Cobre Ltd has outlined a staged expansion plan for its Sierra Atacama copper project, aiming to increase copper cathode production capacity. The first stage involves refurbishing and optimizing existing infrastructure to target an initial capacity of approximately 18,000 tonnes per annum (tpa). The second stage will expand processing capacity to around 25,000 tpa through the refurbishment and recommissioning of additional facilities. Finally, the company will evaluate a larger development case targeting up to 50,000 tpa, contingent on the completion of ongoing drilling and updated mineral resource modeling. Engineering and environmental studies are underway to support these expansion plans.

The company anticipates that the staged expansion will allow for near-term production growth with relatively modest capital requirements, while progressively engineering and permitting the infrastructure needed for the larger development.