Camino and Nittetsu Progress with Puquios Copper Project in Chile

Camino Minerals Corp and Nittetsu Mining Co. are advancing the Puquios Copper Project in Chile to the next phase. The project has successfully completed the Critical Engineering Phase with Ausenco, and now moves to detailed engineering. This marks a crucial step forward to setting technical specifications and preparing for construction.

The phase involves an estimated 85,000 specialized engineering work hours over a 12-month timeline, with an approved budget of US $6.2 million. This will streamline procurement and reduce field rework through advanced modeling techniques. CEO Marcelo Bruna emphasizes the importance of strict milestone tracking and cost control.

Camino CEO Jay Chmelauskas highlights collaboration with Nittetsu to secure Japanese debt funding. This engineering phase keeps the project on track, utilizing Ausenco’s expertise, which has already facilitated previous engineering studies for Puquios.