Candente Engages Whittle Consulting
June 09 2022 - 06:00AM
Candente Copper Corp. (TSX:DNT, BVL:DNT, US:CCOUF) ("Candente
Copper” or “the Company") is pleased to announce that Whittle
Consulting Ltd (“WCL”) has been engaged to conduct an Enterprise
Optimization (“EO”) of the Company’s Cañariaco Norte Project in
Peru. The EO involves a rigorous analytical and computational
process using WLC Strategic Mine Planning software and Integrated
Strategic Planning concepts
.
The analysis will be completed remotely over the
course of a few months. The EO will overlap in time with trade-off
studies and metallurgical test work that is planned to be completed
as part of the Feasibility Study and will contribute greatly to
it. WCL works synergistically with other engineering
firms including Ausenco Engineering Canada Inc., Knight Piesold and
various others who may be part of the Cañariaco Norte Feasibility
Study.
WCL has demonstrated in over 180 Enterprise
Optimization studies, that the comprehensive application of the
“Whittle Integrated Strategic Planning” approach have yielded
improvements in the economics estimated by previous studies in many
mining projects, even when several conventional optimization
approaches have already been applied.
WCL has the most advanced Strategic Mine
Planning software in the form of “Prober E”. The product of 35
years of optimization software development by founder Jeff Whittle,
it combines Linear Programming with a sophisticated proprietary
Search Algorithm, a Genetic Algorithm, and the ability to harness
multiple processors on 200+ in-house servers and dedicated servers
in Helsinki. This allows them to explore complexity and optimize
even the largest and most complex multi-variable, non-linear
problems that mining involves.
WCL is a group of highly experienced industry
experts, who have strong technical backgrounds in a range of
disciplines including geology, mining engineering, metallurgy,
research, mathematics and computing, finance, operational/financial
modeling and analysis and a thorough appreciation of practical,
organizational, and contextual reality. They are comfortable with
complexity, not being bound by conventional thinking, and by being
willing to challenge existing paradigms and conventional wisdom
which can conceal the real potential of mining businesses.
WCL has solid worldwide experience in optimizing
copper/gold open pit mining and mineral processing systems
including Boliden’s Aitik, Rio Tinto’s Kennecott, Mantos’
Monteverde, Barrick’s Cerro Casale, Gold Fields’ Cerro Corona,
McEwen Copper’s Los Azules and others.
About Candente Copper
The Company’s flagship project is Cañariaco,
within which Cañariaco Norte, is the 10th largest late-stage copper
resource in the world and 5th highest in grade (RFC Ambrian,
December 2021 and Haywood, December 2021). In addition to Cañariaco
Norte, the Cañariaco Project, includes the Cañariaco Sur deposit
and Quebrada Verde prospect, all within a 4km NE-SW trend in
northern Peru’s prolific mining district.
The Company is very pleased to now have
Cañariaco Norte included in 4 research reports that compare various
global copper projects. RFC Ambrian: Cañariaco
Norte in top 10 of 23 projects with potential to involve third
party M&A (December 2021); Haywood: Cañariaco
Norte is one of 18 assets selected as likely to be considered by
majors looking to acquire (December 2021); Deutsche
Bank: Cañariaco Norte identified as one of 3 projects
required to meet the upcoming copper supply-demand gap (February
2021); Goldman Sachs: Cañariaco Norte identified
with incentive copper price in the lowest quartile of the top 84
copper projects worldwide (October 2018).
Cautionary Note Regarding Forward Looking
Statements
This press release contains forward-looking
information within the meaning of Canadian securities laws
(“forward-looking statements”). Forward-looking statements are
typically identified by words such as: believe, expect, anticipate,
intend, estimate, plans, postulate and similar expressions, or are
those, which, by their nature, refer to future events. All
statements that are not statements of historical fact are
forward-looking statements. These forward-looking statements are
made as of the date of this press release. Although the Company
believes the forward-looking statements in this press release are
reasonable, it can give no assurance that the expectations and
assumptions in such statements will prove to be correct. The
Company cautions investors that any forward-looking statements by
the Company are not guarantees of future results or performance,
and are subject to risks, uncertainties, assumptions and other
factors which could cause events or outcomes to differ materially
from those expressed or implied by such forward-looking statements.
Such factors and assumptions include, among others, variations in
market conditions; the nature, quality and quantity of any mineral
deposits that may be located; metal prices; other prices and costs;
currency exchange rates; the Company’s ability to obtain any
necessary permits, consents or authorizations required for its
activities; the Company’s ability to access further funding and
produce minerals from its properties successfully or profitably, to
continue its projected growth, or to be fully able to implement its
business strategies. In addition, there are known and unknown risk
factors which could cause our actual results, performance or
achievements to differ materially from any future results,
performance or achievements expressed or implied by the
forward-looking statements. Known risk factors
include risks associated with exploration and project development;
the need for additional financing; the calculation of mineral
resources; operational risks associated with mining and mineral
processing; fluctuations in metal prices; title matters; government
regulation; obtaining and renewing necessary licenses and permits;
environmental liability and insurance; reliance on key personnel;
local community opposition; currency fluctuations; labour disputes;
competition; dilution; the volatility of our common share price and
volume; future sales of shares by existing shareholders; and other
risk factors described in the Company’s annual information form and
other filings with Canadian securities regulators, which may be
viewed at www.sedar.com. Although we have attempted to identify
important factors that could cause actual actions, events or
results to differ materially from those described in
forward-looking statements, there may be other factors that cause
actions, events or results not to be as anticipated, estimated or
intended. There can be no assurance that forward-looking statements
will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on
forward-looking statements. We are under no obligation to update or
alter any forward-looking statements except as required under
applicable securities laws.
On behalf of the Board of Candente
Copper Corp.
“Joanne C. Freeze” P.Geo., President, CEO and
Director
For further information please contact:Jonathan
PatersonJonathan.Paterson@HarborAccessllc.com+1 475 455
9401
info@candentecopper.com www.candentecopper.com
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