Multi-Billion Dollar Capex, 4000m Elevation, No Power … and still Attractive? Explaining Filo Mining

Today we went deep on Filo Mining with CEO Jamie Beck.

Filo have discovered & are advancing the Filo Del Sol copper-gold-silver project high up in the Andes.

They fly under the radar in Australia but given their scale and our lack of copper opportunities we thought they’d be worth a chat.

We grilled Jamie on all the challenges that come along with working at 4000m+ elevation, on an isolated project spread across two countries with a rumoured capex figure in the many billions.

All Money of Mine episodes are for informational purposes only and may contain forward-looking statements that may not eventuate. The co-hosts are not financial advisers and any views expressed are their opinion only. Please do your own research before making any investment decision or alternatively seek advice from a registered financial professional.

Thank you to our Podcast Partners:

Terra Capital – Specialist Investment manager in the natural resources sector

Anytime Exploration Services – Exploration workers, equipment, core cutting/storage + much more

JP Search – Recruitment specialists for the financial world

K-Drill – Safe, reliable, and productive surface RC drilling

SMEC Power & Technology – Electrical specialists for the mining industry

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Timestamps:

(0:00) Preview

(1:16) Intro

(4:46) Jamie Beck on Money of Mine

(6:28) What is the relationship with the Lundin Family?

(12:10) Story of Vicuna

(14:35) How does Argentina differ from neighbouring South American countries?

(16:40) Is working in Argentina viable?

(18:33) The money outflow challenge in Argentina

(21:13) Discovery to production, will it be like other Latin American projects?

(23:13) What is an epithermal porphyry deposit?

(24:56) When is “enough enough” in terms of progressing from exploration to production?

(26:54) Drill spacings for defining porphyry deposits

(28:19) Open Pit vs Underground Caving for massive deposits

(31:25) Will the Sulphide resource stack up compared to Oyu Tolgoi, Cascabel and Wafi Golpu?

(33:33) High Arsenic levels

(39:22) Water constraints and will it need a De-Sal plant?

(43:47) We’ve seen the demerge… will we see the remerge?

(47:47) Financing options considering BHP are on the register

(52:09) Would BHP and RIO approach developing an Escondida style deposit differently in an electrification style Mining world?

(54:27) What keeps Jamie awake at night

(55:07) Jamie shares his thoughts on Money of Mine