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How Will Cobre’s $60M Chile Acquisition Reshape Its Copper Future?

1:22pm on Thursday 12th of February, 2026 AEDT Mining
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How Will Cobre’s $60M Chile Acquisition Reshape Its Copper Future?

1:22pm on Thursday 12th of February, 2026 AEDT
Key Points
  • A$60 million placement to fund acquisition of up to 51% interest in Sierra Atacama project
  • Operating underground mine producing ~400t copper cathode monthly, with expansion plans
  • Potential for large-scale open-pit mining and resource growth through exploration
  • Experienced mining executive Phil Mitchell appointed as board advisor
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