VANCOUVER, BC, June 17, 2025 /PRNewswire/ 19:06 -- (TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation ("Lundin Mining" or the "Company") announces that, further to its news release dated May 4, 2025, announcing the initial Mineral Resource estimate for the Filo del Sol sulphide deposit, an update to the Mineral Resource estimate for the Filo del Sol oxide deposit and an update to the Mineral Resource estimate for the Josemaria deposit (collectively referred to as the "Vicua Mineral Resource"), the Company has filed a technical report entitled "NI 43-101 Technical Report on the Vicua Project, Argentina and Chile", with an effective date of April 15, 2025 (the "Technical Report"). There are no material differences in the Mineral Resource estimates reported in the Technical Report and those contained in the May 4, 2025 news release.
The recently released Vicua Mineral Resource (see News Release dated May 4, 2025) highlights one of the world's largest copper, gold, and silver resources which ranks in the top 10 for Mineral Resources of the largest producing copper mines in the world and is the largest greenfield copper discovery in the last 30 years1.
Vicua Corp. is a 50/50 joint arrangement between Lundin Mining and BHP (the "Joint Arrangement") and holds the Filo del Sol project and the Josemaria project (collectively, "Vicua"). The Joint Arrangement creates a long-term strategic alliance between the two companies to develop an emerging world class copper, gold, and silver district. The proximity of the Filo del Sol and Josemaria projects form the basis of the Vicuna project which allows for joint development capturing greater economies of scale, shared infrastructure and increased optionality for staged expansions to support a globally ranked mining complex.
The Technical Report was prepared by Luke Evans, M.Sc., P.Eng. of SLR Consulting (Canada) Ltd, Paul Daigle, P.Geo. of AGP Mining Consultants Inc., Sean Horan, P.Geo. of Resource Modeling Solutions Ltd., Jeffrey Austin, P.Eng. of International Metallurgical and Environmental Inc., and Bruno Borntraeger, P.Eng. of Knight Pisold Ltd, each of whom is a "qualified person" as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") and independent of Lundin Mining.
The Technical Report has been prepared pursuant to Canadian Securities Administrator's NI 43-101 requirements and may be found on the Company's SEDAR+ profile at www.sedarplus.ca and on the Company's website at www.lundinmining.com.
1. Based on rankings from S&P Global, including the Filo del Sol and Josemaria deposits.