February 2015

Oro Atacama
High grade low cost Au-Cu vein project
Company owns India Coya, Los Sapos and Pepita projects (Copiapo region, Chile)

120 koz of high grade resources (M,I&I ) with open potential for >350 koz
Oro Atacama Resources
Measured India Coya
Indicated India Coya
Inferred India Coya
Inferred Los Sapos
Total

ktons
179
77
148
132
536

Strong economics for the exploitation of

current resources
93 koz project highlights
NPV (10%)
IRR
C1 (US$/oz Au Eq.)
Initial CAPEX (US$mm)

14.2
52%
473
17.5

Au (ppm)
4.7
5.0
4.3
5.9

CuS (%)
1.6
1.5
1.1

Au Eq
7.6
7.7
7.0
5.9
7.0

koz
44
19
30
26
119

Ongoing exploration could double project

value
157 koz project highlights
28.0
NPV (10%)
66%
IRR
508
C1 (US$/oz Au Eq)
17.5
Initial CAPEX (US$mm)

*Evaluations based in long term prices of 3.0 US$/Lb for copper and 1.300 US$/oz for gold.

High grade, low Capex & Opex project in mining friendly district
Projects located in mining friendly district, no
relevant environmental/community stakeholders
identified
Estimation of 2 years to start production
Access to mineral resources completed at India
Coya trough mining ramp
Underground operation by Bench & Fill method at
competitive cash cost

Gravitational concentration, flotation of gold oxides

and sulphides and agitation leach of copper oxides
Metallurgical tests show good recoveries
High grades imply that low Capex is required to
achieve desired production
2nd stage in development, first drilling at India
Coya confirms that ore shoots continue at depth

India Coya Project

High grade Cu/Au oxide vein, located 25km south from Copiap. Ore shoots 3-5m wide.
1st exploration stage completed: 680m of access tunnels and 4,900m drilled from the tunnel towards the vein.
2 major high grade ore shoots identified
93koz @ 7.4 gpt Au Eq M,I&I Resources (non NI 43-101), including 63koz @ 7.7gpt Au Eq M+I, determined
in oxide zone. Structure remains open at depth and along strike.
2nd exploration stage underway, preliminary results of first 3 drills show:
Central shoot resources extend al least 350m below surface
South shoot increases width and grades at depth

Environmental permits ,land use rights and operation of <5,000 tpm approved.

High grades open at depth and along strike

Resource access completed with 680m of

tunnels, 4,900m drilled from tunnel
plant view of tunnel and India Coya vein

India Coya Long section

Tunnel

Grade x width
(gpt Au Eq. x m)
0-2
2-5
5-7
7-15

100m

15-43

South shoot

CS Shoot

Central Shoot

Los Sapos Project

Historic high grade Au multi vein system located 70km south
from Copiap, with plus 3 km of visible vein strikes.
1st exploration stage completed with 2,500m drilled.
26koz @ 5.9 gpt Au of inferred resources. Intercepts of 4m @
11.1 gpt Au at depth (including 1.6m @ 23 gpt Au)
Structures remain open at depth and strike.
Less than 40% of both strike and depth extent of mineralization
has been drilled.
* Pepita target has not yet been developed. Potential for a third gold mineralization between Los Sapos and India Coya

Contact Information
Ignacio del Rio
CEO Minera Activa
+56 2 2964 2000
ignacio.delrio@mineriactiva.com

Fernando Manterola
Associate Minera Activa
+56 2 2964 3477
fernando.manterola@mineriactiva.com