Anglo Pacific Acquires Royalty on Cañariaco Copper Project

Anglo Pacific (LSE:APF,TSX:APY) has announced that it has entered into an agreement with Entrée Resources (TSX:ETG) to acquire an existing 0.5 percent net smelter return royalty over the Cañariaco Copper project in Peru.

The Cañariaco project is 100 percent owned by Candente Copper (TSX:DNT), a Toronto Stock Exchange listed company.

Anglo Pacific listed these highlights of the project in its press release:

• Attractive copper demand outlook
• Sizable Cañariaco Norte resource base:
• Long mine life – Cañariaco Norte estimated mine life of 22 years with extension potential;
• Substantial upside – Cañariaco Sur and Quebrada Verde integration potential;
• Expected to be a low-cost operation, no firm timeline for development as yet;
• Established mining jurisdiction – located in an area of Peru with producing mines and projects owned by Gold Fields (JSE:GFI)., Newmont Mining (NYSE:NEM)., Rio Tinto (ASX:RIO), and Southern Copper (NYSE:SCCO). amongst others; and,
• Further diversifies Anglo Pacific’s development stage royalty portfolio mix.

Click here to view the full Anglo Pacific (LSE:APF,TSX:APY) press release.