Ero Copper Files Technical Report for the Furnas Copper-Gold Project
November 18 2024 - 10:10PM
Ero Copper Corp. (TSX: ERO, NYSE: ERO) ("Ero" or
the “Company”) announces it has filed the Technical Report for the
Furnas Copper-Gold Project related to the initial National
Instrument 43-101 ("NI 43-101") compliant mineral resource estimate
previously announced on October 2, 2024.
The Technical Report was prepared in accordance
with the Canadian Securities Administrator’s National Instrument
43-101 – Standards of Disclosure for Mineral Projects, and can be
found on the Company’s website (www.erocopper.com) and on SEDAR+
(www.sedarplus.ca/landingpage/). A copy of the Technical Report
will also be filed on EDGAR (www.sec.gov).
ABOUT ERO COPPER CORPEro Copper
is a high-margin, high-growth copper producer with operations in
Brazil and corporate headquarters in Vancouver, B.C. The Company's
primary asset is a 99.6% interest in the Brazilian copper mining
company, Mineração Caraíba S.A. ("MCSA"), 100% owner of the
Company's Caraíba Operations, which are located in the Curaçá
Valley, Bahia State, Brazil, and the Tucumã Operation, an open pit
copper mine located in Pará State, Brazil. The Company also owns
97.6% of NX Gold S.A. ("NX Gold") which owns the Xavantina
Operations, an operating gold and silver mine located in Mato
Grosso State, Brazil. In July 2024, the Company signed a definitive
earn-in agreement with Vale Base Metals for a 60% interest in the
Furnas Copper-Gold Project, located in the Carajás Mineral Province
in Pará State, Brazil. For more information on the earn-in
agreement, please see the Company's press releases dated October
30, 2023 and July 22, 2024. Additional information on the Company
and its operations, including technical reports on the Caraíba
Operations, Xavantina Operations, Tucumã Operation and the Furnas
Copper-Gold Project, can be found on the Company’s website
(www.erocopper.com), on SEDAR+ (www.sedarplus.ca/landingpage/) and
on EDGAR (www.sec.gov). The Company’s shares are publicly traded on
the Toronto Stock Exchange and the New York Stock Exchange under
the symbol “ERO”.
FOR MORE INFORMATION, PLEASE
CONTACTCourtney Lynn, SVP, Corporate Development, Investor
Relations & Sustainability (604) 335-7504info@erocopper.com
CAUTION REGARDING FORWARD LOOKING
INFORMATION AND STATEMENTSThis press release contains
“forward-looking statements” within the meaning of the United
States Private Securities Litigation Reform Act of 1995 and
“forward-looking information” within the meaning of applicable
Canadian securities legislation (collectively, “forward-looking
statements”). Forward-looking statements include statements that
use forward-looking terminology such as “may”, “could”, “would”,
“will”, “should”, “intend”, “target”, “plan”, “expect”, “budget”,
“estimate”, “forecast”, “schedule”, “anticipate”, “believe”,
“continue”, “potential”, “view” or the negative or grammatical
variation thereof or other variations thereof or comparable
terminology. Forward-looking statements may include, but are not
limited to, statements with respect to the future filing of the
Technical Report.
Forward-looking statements are not a guarantee
of future performance. 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. Forward-looking statements involve
statements about the future and are inherently uncertain, and the
Company’s actual results, achievements or other future events or
conditions may differ materially from those reflected in the
forward-looking statements due to a variety of risks, uncertainties
and other factors, including, without limitation, those referred to
herein and in the Company's most recent Annual Information Form
under the heading “Risk Factors”.
The Company’s forward-looking statements are
based on the assumptions, beliefs, expectations and opinions of
management on the date the statements are made, many of which may
be difficult to predict and beyond the Company’s control. In
connection with the forward-looking statements contained in this
press release and in the AIF, the Company has made certain
assumptions about, among other things: favourable equity and debt
capital markets; the ability to raise any necessary additional
capital on reasonable terms to advance the production, development
and exploration of the Company’s properties and assets; future
prices of copper, gold and other metal prices; the timing and
results of exploration and drilling programs; the accuracy of any
mineral reserve and mineral resource estimates; the geology of the
Caraíba Operations, the Xavantina Operations, the Tucumã Operation
and the Furnas Copper-Gold Project being as described in the
respective technical report for each property; production costs;
the accuracy of budgeted exploration, development and construction
costs and expenditures; the price of other commodities such as
fuel; future currency exchange rates and interest rates; operating
conditions being favourable such that the Company is able to
operate in a safe, efficient and effective manner; work force
continuing to remain healthy in the face of prevailing epidemics,
pandemics or other health risks, political and regulatory
stability; the receipt of governmental, regulatory and third party
approvals, licenses and permits on favourable terms; obtaining
required renewals for existing approvals, licenses and permits on
favourable terms; requirements under applicable laws; sustained
labour stability; stability in financial and capital goods markets;
availability of equipment; positive relations with local groups and
the Company’s ability to meet its obligations under its agreements
with such groups; and satisfying the terms and conditions of the
Company’s current loan arrangements. Although the Company believes
that the assumptions inherent in forward-looking statements are
reasonable as of the date of this press release, these assumptions
are subject to significant business, social, economic, political,
regulatory, competitive and other risks and uncertainties,
contingencies and other factors that could cause actual actions,
events, conditions, results, performance or achievements to be
materially different from those projected in the forward-looking
statements. The Company cautions that the foregoing list of
assumptions is not exhaustive. Other events or circumstances could
cause actual results to differ materially from those estimated or
projected and expressed in, or implied by, the forward-looking
statements contained in this press release. 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.
Forward-looking statements contained herein are
made as of the date of this press release and the Company disclaims
any obligation to update or revise any forward-looking statement,
whether as a result of new information, future events or results or
otherwise, except as and to the extent required by applicable
securities laws.
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