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Halo Minerals PLC has highlighted its Playa Verde copper and gold tailings project in Chile, which boasts a 53.4 million tonne JORC compliant resource at 0.24% copper. The project's ore reserves of 32.2 million tonnes show a post-tax NPV10 of $154.1 million and an IRR of 50.9% based on commodity price assumptions of $5.30/lb copper and $4,300/oz gold. Current spot prices for copper and gold are significantly higher, suggesting a potential NPV10 of approximately $241 million and an IRR of 73% under current market conditions. The company is progressing its maritime concession process, environmental impact assessment approvals, and development funding discussions, targeting a Final Investment Decision in 2026 and production in 2028.

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Halo Minerals PLC (AIM: HALO), the copper development company focused on extracting critical minerals from legacy mining waste, notes ahead of its upcoming AGM the recent Investor Meet Company presentation and Crux Investor interview with Chief Executive Officer

Andrew Dennan.

The presentation and interview provide an overview of Halo's flagship Playa Verde copper and gold tailings project in Chile, and the workstreams now underway to advance the project through towards a position where a Final Investment Decision can be made.

Watch the full interviews here:

Halo Minerals Targets 2026 FID and 2028 Production on EIA Approved Chilean Copper Project - ArticleCrux Investor

Highlights

  • Advanced, technically de-risked copper tailings re-treatment project in the Atacama region of Chile, with a 53.4 Mt JORC compliant resource at 0.24% Cu.
  • Highly economic project based on 32.2mt of Ore Reserves: post-tax NPV10 of $154.1million and IRR of 50.9% and commodity price assumptions of $5.30/lb Cu and $4,300/0z Au.
  • Spot copper and gold prices currently materially above the assumptions used in the Competent Persons report. Applying the same CPR methodology at approximately $6.35/lb Cu and $4,300/oz Au respectively indicates NPV10 of approximately $241million and IRR of 73%.
  • Maritime concession process initiated, targeting access to potentially significant additional tailings within the footprint of Halo's existing mining license area extending into Chañaral Bay.
  • Mining use of beach license filing and ancillary permit preparation underway, following unanimous approval and receipt of written resolution of the project's Environmental Impact Assessment in October 2025.
  • Development funding discussions progressing, with the Company targeting a layered funding approach that may include offtake/prepay finance, vendor finance, royalty/stream structures, project debt and other strategic sources of capital.

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.

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