TSX listed Candente Copper owns Canariaco Norte, a large, economic copper deposit in Peru that continues to advance technically and economically toward a sale or production decision.

Now an updated Pre Feasibility Study has been released that strongly advances Candente toward one of those possibilities.

Cañariaco Norte is a 100% owned feasibility-stage porphyry copper deposit; a single, contiguous, open-pit mineable deposit that now contains 14 billion pounds of copper; 4 million ounces gold ozs and 90 million ounces of silver. Not only that, it also has a sister deposit, Canariaco Sur, located 2km away that could help advance developments much quicker with 2.2 billion pounds of copper and 1.2 million ounces gold within an inferred resource calculated with only 15 holes.

Collectively these 2 deposits demonstrate a staggering amount of metal.

Canariaco Norte is in the lowest quartile of production costs for projects waiting to be developed at around $1.28c per pound of copper and a mine life of 28 years.

If that doesn't have your attention, the third party validation will, look at these partners supporting Candente in 4 research papers comparing various global copper projects in the last 4 years as it now moves 2 deposits toward development:

RFC Ambrian: top 10 of 23 projects with potential to involve third party M&A (DEC 21);

Haywood: 1 of 18 assets selected as likely to be considered by majors looking to acquire (DEC 21);

Deutsche Bank: 1 of 3 projects required to meet the upcoming copper supply-demand gap FEB 21

Goldman Sachs: lowest quartile of the top 84 copper projects worldwide (October 2018).

Canariaco Norte is a deposit itching to become a mine and Candente continues to advance the project forward with studies evaluating various methodologies to reduce CAPEX, with multiple scenarios that support moving Canariaco closer to a production scenario.

With the price of copper touching an all time high, the economics supporting Canariaco going into production only gets stronger with a Net Present Value of US$1.01B @ $3.50 Copper with CapEx of $1.04B.

Copper is currently above $4.80, vastly increasing the value of Canariaco and Candente as a whole

Watch this great interview with Candente CEO Joanne Freeze as walks through the recently announced PEA supporting the continued evolution of Candente and its world class Copper Deposits.