The acquisition by Bluerock, a Tribeca subsidiary, of the Benja and Blanco concessions from Austin Resources will expand Tribeca’s profile in the Fourth Region. Both comprise mining licenses for 949 hectares and are located immediately adjacent to Caballo Blanco and Gaby-Totito, which already belong to Tribeca, in an area characterized by copper-gold deposits in iron oxide (IOCG). The agreement provides for all the properties controlled by Minera Azul, an Austin subsidiary, to be transferred to Bluerock. In return, Austin will receive a net smelter return (NSR) of 1% on the future cash flows generated by the Benja and Blanco properties.

 

Chile

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