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7eas!re" 3In"icate"
65 19 December 2013
Table 14-13: Iodine Resource Estimate By Material Type
As At 31st December, 2012
Cut-Off=200ppm I
2
Cone :
7aterial Tonnes I2 Tonnes I2 Tonnes I2 Tonnes I2 Tonnes I2 Vol!(e
Avera9e
Densit2 Area
Avera9e
Thic1ness
Avera9e
Ch!sca
Depth
;t pp( ;t pp( ;t pp( ;t pp( ;t pp( (
3
0 1*** t:(
3
(
2
0 1*** ( (
ANT1 +,.(+ +0/ +,.(+ +0/ #,0), (.*+ #,(0# #.+. *.0+
ANT2 .,+-) +-/ .,+-) +-/ (,#.. (.*. #,+)) #.// *.0#
ANT3 #,/.- /++ #,/.- /++ )*/ #.,( #,#,* *.0) *.#+
VIRG #0,-,) .-. )),(*/ .#- #*/,**+ .(0 /),*.. +(, #0+,*.- +,# )*,*.0 (.*. /.,-(+ #..0 *.)#
TOTAL 1?,BDA 6B6 AA,2*- 61B 1*-,**3 62? ?B,3D2 33A 1B2,3D- 3D2 A6,?A3 2+*6 -A,-?2 1+6- *+BA
7eas!re" In"icate"
7eas!re" 3
In"icate" In#erre" Total
Nitrate and sulphate resource evaluation results are summarised in Table 14-14.
Table 14-14: Nitrate/Sulphate Resource Estimate
As At 31
st
December, 2012
Block Cut-Off 200ppm I
2
Reso!rce Tonnes NO
3
&O
6
Vol!(e
Avera9e
Densit2 Area
Avera9e
Thic1ness
Avera9e
Ch!sca
Depth
Class ;t E E (
3
0 1*** t:(
3
(
2
0 1*** ( (
7eas!re" #,#00 +.#. (..0( /-, (.*# /## #.#+ *.0*
In"icate" #(,.*- (.)# #,.(0 0,*,+ (.*. .,(*( #../ *.0)
7eas3In" 13,-B3 2+A6 1D+B3 ?,?B2 2+*3 6,B13 1+62 *+?B
Reso!rce Tonnes NO
3
&O
6
Vol!(e
Avera9e
Densit2 Area
Avera9e
Thic1ness
Avera9e
Ch!sca
Depth
Class ;t E E (
3
0 1*** t:(
3
(
2
0 1*** ( (
In#erre" ,+,0+- +.(( #..., .0,**+ (.*. +#,)/+ #... *.)*
66 19 December 2013
15 MINERAL RESERVE ESTIMATE
15.1 Mining Costs
The mining costs involve the removal of the immediate layer of chusca by bulldozer, followed by mining of
the underlying caliche in layers of 0.4m,include delivery of material to the ALP ROM pad or heap leach pad.
The costs used for current long term planning purposes in this study are based on the average 2013 budget
costs, based on owner-operated mining and both heap leach and ALP processing. A summary of these mining
costs is shown in Table 15-1:
The Antiguos production, which is likely to consist of large blocks of caliche will be broken down with an
impact hammer and processed on heap leach pads.
Table 15-1: Unit Mining Costs
Unit Mining Costs
$/t
Mined
Labour
1.00
Fuel
0.79
Maintenance 0.75
Infill Drilling 0.07
Total
2.61
Costs based on typical year 2016.
15.2 Processing Costs
For block value calculation purposes, mining costs incurred up to the point of entry into the process have been
broken down per tonne of ore. Process costs have been determined per kg of iodine product. The processing-
related costs have been derived from budget 2013 figures, and are summarised in Table 15-2. As the overall
operation is limited by the amount of iodine production (approximately 2,250t/year from the blow-out
towers), other fixed costs, such as indirect labour and office expenses, are costed per unit of iodine product.
Table 15-2: Processing Costs
ALP HL Chem
$/kg I
2
$/kg I
2
$/kg I
2
Labour 5.61 4.98 0.53
Process 2.31 1.44 3.85
Power 5.39 0.56 0.80
Water 0.71 1.11 0.00
Total 14.03 8.09 5.17
Note: unit cost per kg processed
15.3 Reserve Parameters
Mining factors in the current reserve estimation study are summarised below in Table 15-3.
Table 15-3: Mining Factors
<ilution *@
<ilutant grade, '
(
ppm 0/
Mining recovery ,/@
These figures are derived from 2012 reconciliation results, after comparison with the current resource model
for equivalent mined-out areas. The resource model has dilution built into it, as part of the caliche
compositing process. During reserve calculation, some resource blocks were also excluded due to the
following reasons:
67 19 December 2013
In areas where the topography is too steep to allow extraction with a continuous miner. Area perimeters
have been defined to exclude ore from these steep regions.
Where 25m x 25m resource blocks are completely isolated i.e. these areas do not have sufficient tonnage
to warrant their own independent access and extraction.
The LOMP figures are derived from current operating cost levels, and are based on an owner-operated mining
fleet, with mining of the caliche by use of continuous miners. Following the economic calculations derived in
Section 16, the breakeven cut-off grade is shown below in
Table 15-4.
Table 15-4: Economic Parameter Summary
Description Unit ALP HL
Process Cost $/Kg I
2
3.02 2.55
Power $/Kg I
2
5.39 0.56
Chem Plant $/Kg I
2
5.17 5.17
Fixed and Admin costs $/Kg I
2
9.47 9.06
Overall Processing Cost $/Kg I
2
23.05 17.34
Total Mining Costs $/t mined 2.61 2.61
ALP Recovery 85.0% 63.0%
Plant recovery
91.0% 91.0%
Overall I
2
recovery 77.4% 57.3%
I
2
Assumed Price $/kg 36 36
Dilution 2.5% 2.5%
I
2
Cut-Off ppm 267 250
At the moment plans to produce nitrate salts are not incorporated into the current reserve calculations. The
current reserves are associated with an iodine product only.
Because of the similar levels of breakeven cut-off grade for ALP and HL material, it was decided to use a
consistent cut-off of 250ppm I
2
, for reserve estimation purposes.
15.4 Mineral Reserve Estimate
Based on the calculated cut-off grade and applied mining factors, the blocks which can be mined profitably
were flagged as ore. The profitable regions blocked out in the measured and indicated resource areas,
constitute the mining reserves. The resultant reserve estimate is shown below in Table 15-5. These reserves
are depicted in
68 19 December 2013
Figure 15-1.
Table 15-5: Mineral Reserve Estimate
As At 31
st
December, 2012
Class Tonnes
I2
Vol!(e
Avera9e
Densit2 Area
Avera9e
Thic1ness
Avera9e
Ch!sca
Depth
;t pp( (
3
0 1*** t:(
3
(
2
0 1*** ( (
@roven #.,//) .,( -,#,# (.*( /,,() #.(# *.0+
@roale 0),+)0 ./- ++,.++ (.*/ (#,,,* #./( *.-)
Total A2,D66 6?3 6*,?26 2+*6 2B,D1A 1+6? *+B-
Notes
. Reserves blocked out based on a cut-off of 250ppm I2
. Mining factors applied of:
0% dilution, 95% mining recovery
Maximum caliche thickness 3m
The Mineral Reserve Estimate is unlikely to be materially affected by other relevant factors. Necessary
operating and environmental permits are in place. Infrastructure is in place for processing of the reserve.
Processing parameters have been derived from current operations or metallurgical test work.
Additional inferred material, blocked out within those portions of the in-situ inferred resources which could
be potentially economic, is summarised in Table 15-6, and is depicted in Figure 15-3. These do not include
any of the spent heap leach piles.
Table 15-6: Inferred Resource Above 250ppm
69 19 December 2013
Class Tonnes
I2
Vol!(e
Avera9e
Densit2 Area
Avera9e
Thic1ness
;t pp( (
3
0 1*** t:(
3
(
2
0 1*** (
In#erre" .*,(.# +,+ #,,))* (.*( #0,*00 #.(.
Notes
. Blocked out based on a cut-off of 250ppm I2
. Mining factors applied of:
0% dilution, 95% mining recovery
Maximum caliche thickness 3m
Figure 15-1: Mineral Reserve and Additional Inferred Resources
70 19 December 2013
71 19 December 2013
16 MINING METHOD
16.1 Mining Operations
Prior to 2006, the caliche was mined by drill and blasting operations. Since February 2006 the caliche has
been mined by a continuous miner (figure 16.1). The principal difference is in the size of the product, with
the continuous miner mostly producing less than 6 inch material. The current mining plan is to use the
continuous miner for all virgin-type caliche material.
For a new mining block, which typically has a minimum width of 50m and is between 100 and 300m in
length, stripping of the loose chusca material (approximately 0.5m thick) is first carried out using a bulldozer,
and accumulated at the sides of the block.
The continuous miner mines the caliche material in 0.4m lifts. This material is trucked to heap leach pads,
generally within 1km of the current mining areas. When the ALP is operational the ALP feed is screened
using mobile screens prior to trucking fines (<6mm) to the ALP slurry plant and the coarse (>6mm) to the
ALP fine ore stockpile for SAG milling.
The mined material is loaded using Komatsu front end loaders into Komatsu 65t trucks (Figure 16-2). These
currently haul the mined material to the leach pads (figures 16.3 and 16.4) or ALP for processing.
The total number of cuts required in any block depends on the local thickness of the caliche. As the base of
the caliche is approached, the bulldozer is used to rip lines at 15m spacing down the length of the cut which
material is then sampled to determine the final depth of cut.
Current mine life is 15 years.
Figure 16-1: Continuous Miner in operation
72 19 December 2013
Figure 16-2: Komatsu 65 tonne truck
Figure 16-3: Heap Leach Pad in Construction
73 19 December 2013
Figure 16-4: Heap Leach Pads in operation
16.2 Geotechnical Studies
There are no geotechnical studies available concerning the mining operations at Atacama. Owing to the very
shallow cuts which are made in order to extract the caliche, typically 2-3m, no geotechnical problems are
anticipated.
16.3 Hydrogeology
The project is located in one of the driest deserts in the world, with average annual rainfall below 10 mm per
year and very high evaporation rates. The potential for groundwater recharge from precipitation is, therefore,
very low, but some recharge takes place due to deep percolation of groundwater from higher altitudes.
74 19 December 2013
17 PROCESS RECOVERY
17.1 Heap Leach
The heap leach pads are lined with an impermeable geo-membrane, covering an area between 25,000 to
30,000m
2
, with heights averaging 10m containing approximately 350,000t. Drainage pipes are laid on the
membrane and covered by the mined ore. The heaps are irrigated with a mixture of water or a mixture of
water with feble (a residual solution from the chemical plant) at a rate of approximately 1.75 l/m
2
/hr.
Recoveries are determined through measurement of brine flows from the pad and brine concentration over the
life of the pad operation (up to 15 months). Irrigation is stopped the as soon as the brine concentration falls
below 0.2g/l or the irrigation volume reaches 0.8m
3
/t of material placed. Typical recoveries range from 60%
to 65%.
17.2 ALP
Prior to 2012 all iodine was produced from heap leach processing. In 2012 the ALP was commissioned
whereby production was produced from both heap leach and ALP processing. The company will process the
mined caliche by both heap leach and ALP.
The ALP comprises a slurry plant with a screen to produce -3.5mm product, with the oversize being returned
to the heap leach pads. The throughput of the slurry plant is limited to approximately 150 tonnes per hour. A
SAG mill is due to be installed which enable processing of all continuous mined product to produce -1mm
feed for the leach section.
The maximum throughput of the leach section is 400 tonnes per hour. The leach sections comprises 4 stage
agitated tank leaching and counter-current decantation with associated pregnant brine handling and
distribution, sediment discharge and containment, reclaim water system, reagent and utilities systems and
plant wide control systems and control room. Brine concentrations range from 0.25 to 0.30 g/l with recoveries
ranging from 87.5% to 91%.
In December 2013 the ALP slurry plant was placed on care and maintenance and is scheduled to restart in
mid-2015.
The ALP flow sheet is shown in Figure 17-1 and Leach Section layout in Figure 17-2.
Figure 17-1: ALP Flowsheet
75 19 December 2013
Figure 17-2: ALP Leach Section
76 19 December 2013
17.3 Chemical Plant
The brine solution from the heaps and the ALP plant is accumulated in lined ponds for feed to the iodine
recovery plant.
Iodine is produced by chemical reduction. The iodide solution is prepared in the Absorption Tower, where the
iodate contained in an additional stream of brine solution is reduced to iodide with sulphur dioxide (SO2). The
caustic solution is concentrated by recirculation until reaching a content close to 80g/l of iodine. The residual
solution from the blow-out towers is either neutralised for use in the ALP or used in the final stage of heap
leaching, with the balance sent to the solar evaporation ponds.
The concentrated solution from the Absorption Towers is sent to an agitated reactor, where it is mixed with
sulphuric acid, to enable crystallization. The crystallized iodine slurry is sent to a reactor, where it is melted at
an approximate temperature of 135C and separated from the aqueous phase. Prilling then takes place by
dripping the molten iodine into a water-cooled column, producing prills of an average size of 2 - 3mm.
The solid iodine is fed to a rotary dryer, where a vacuum line recovers the sublimated iodine, sending it to be
dissolved in NaOH solution which is reprocessed in the Concentration Reduction stage. The dryer discharge is
sent to a storage silo, from which the material is screened into three different products: oversize and fines,
which are reprocessed; and the intermediate sizes +1mm -4mm which is sold.
The overall chemical plant recovery is 91%. The present installed capacity of the chemical plant is
approximately 2,250 tonnes per year of saleable iodine.
The Chemical Plant flow sheet is shown in Figure 17-3.
Figure 17-3: Chemical Plant Flow Sheet
77 19 December 2013
18 PROJECT INFRASTUCTURE
18.1 Mine Site
The Aguas Blancas Mine has been in operation for 11 years and project infrastructure is well established.
The project is linked by good quality roads to the nearby port city of Antofagasta, is supplied by grid power
and is serviced by all the necessary mine infrastructure required for the efficient operation of mining and
processing including office, workshops, lay down areas and water pipelines. The layout of the main areas of
the project infrastructure are shown in Figure 18-1.
Figure 18-1: Layout of Mine Infrastructure
Source: AMC (Worldview imagery acquired by Sirocco in Feb 2012)
18.2 Waste and Tailings Disposal
No waste is produced during the mining process other than the surficial chusca which is backfilled into
completed cuts.
Tailings from the ALP are deposited in the Tailings Storage Facility. Return water is collected for use in the
ALP.
Feble (acidic waste water from the chemical plant) is either neutralised for use in ALP, used in final stage of
heap leaching or evaporated in the solar ponds.
Sirocco Mining Inc Technical report on the Aguas Blancas Property
78 19 December 2013
19 MARKETS AND CONTRACTS
19.1 Market
The recent Chilean iodine export price is summarised in Table 19-1.
Table 19-1: Chilean Iodine Export Prices
2009 2010 2011 2012
Chile Export Price 26.92 26.21 41.21 52.52
Chilean exported 17,000 tonnes in 2012, of which AMC exported 7%.
World consumption is estimated at 30,000 to 32,000 tonnes per annum. World consumption is set to grow at 3
to 5% pa. Iodine has several main uses, predominantly in the x-ray and pharmaceutical markets, which consume
~1/3 of consumed iodine. Market growth is tied closely to household income growth linked to x-ray media and
LCD consumption.
The authors have reviewed this data and the iodine pricing being used by in the current analysis $45 is
acceptable.
19.2 Contracts
The Company does not have a power contract as it purchases power in the spot market. The company purchases
major consumables such as fuel, acid and lime under annual contracts. The authors have reviewed the
information on current contracts, the terms of within industry norms.
Sirocco Mining Inc Technical report on the Aguas Blancas Property
79 19 December 2013
20 ENVIRONMENTAL STUDIES AND PERMITTING
20.1 Environment Studies and Permits
In 1997, Atacama prepared and presented an Environmental Impact Study for the Aguas Blancas project to the
Regional Commission of the Environment (COREMA), which issued the Exempt Resolution Nr. 012 of August
7, 1997 in favour of Atacama (PAH, 1997b).
The main points of Atacamas EIA study are summarized below (excerpts from Bateman/Parsons, 1998):
The area lacks the basic conditions for the existence of wildlife. The existing vegetation is associated with a few
wells and almost all of it has been planted. Some animals were observed, all of them associated with the wells.
There are no surface watercourses. The hydrologic potential of the Aguas Blancas sector lies basically on the
exploitation of groundwater resources. Existing water rights for the area amount to a total 130 l/s.
Background data indicate that the sectors water recharging rate ranges between 17 l/s and 180 l/s. Air quality in
the project service area, expressed in terms of particulate matter and sulphur dioxide (S02) concentration levels,
is considered as good. Concentration levels of both parameters lie under the regulated limits.
The ruins of eight former nitrate works rest in the outskirts of the facilities. None of the former works has been
saved from looters and all wooden remains have been removed. A pre-Hispanic geoglyph was identified close to
the former San Martn nitrate oficina, 8 km away from the plant.
Main adverse effects on the environment could show in the groundwater resource, in which case the alternative
is the recharging theory, and on road infrastructure and vehicle traffic, in which case the transportation
alternative would be truck haulage. Less important, due to its distance from inhabited places, are the impacts on
air quality and noise levels.
No impacts are foreseen on the biological components or the cultural sites. As to the latter, the project should
prepare an Environmental Management Plan to protect them. The Aguas Blancas project benefits the socio-
economic component, especially in the regions employment and income levels. Indeed, 275 new jobs would be
generated, implying an economic input of at least US$3 M/year. Regional labour will be preferred to strengthen
these effects.
Each impact identified for the Aguas Blancas project is associated with remedial measures that ensure the
fulfillment of the environmental legislation in force. Similarly, the project considers a number of actions
intended to prevent and control environmental risks.
The project considers an air, groundwater and noise component monitoring program. PM10 concentration levels
in air, piezometric levels and water quality will be measured, and sound pressure levels will be recorded.
Reports with the monitoring data shall be forwarded to Region IIs COREMA.
Atacama submitted an application for an amendment (DIA) to their existing environmental permit (EIA) to the
Chilean Authorities (CONAMA) on October 12th, 2006. The main items in this application are:
An increase in iodine production from 1,000 tonnes per year to 1,500 tonnes per year.
Sulphate production from 150,000 tonnes per year to 300,000 tonnes per year.
Nitrate production from 70,000 tonnes per year to 115,000 tonnes per year.
Use of water from 70 litres per second to 134 litres per second.
Expansion of pond area from 1.24 million square metres to 2.74 million square metres.
The use of electrical generator equipment using #5 fuel oil.
Region II COREMA approved this DIA through Resolucin Exenta N 054/2007 on February 19th, 2007.
Atacama also submitted a DIA for a new power system to bring CDEC-SING power to the site. This DIA was
approved through Resolucin Extenta No. 0308/007 on September 28th, 2007
AMC are in possession of all necessary permits for the operation of the mine and processing facility.
Sirocco Mining Inc Technical report on the Aguas Blancas Property
80 19 December 2013
20.2 Community Relations
No towns or populated areas fall within the boundaries of the Property and there are therefore no potential social
or community related requirements required as part of the ongoing operations. No agreements or negotiations
have therefore been required for the operation of the project. In general the local communities in northern Chile
have a favorable attitude towards mining.
20.3 Mine Closure
Atacama has prepared a reclamation plan, to be put in place at the end of the operation, and consisting of the
following steps (excerpts from Bateman/Parsons, 1998):
Buildings and structures above grade will be removed from the area. Concrete slabs and foundations at
and below grade throughout the plant site area will be covered with 0.5 m of adjacent borrow waste.
Earth piles of mine waste will be left untouched. Mine roads will be left untouched.
The tailings pond and pile, the ponds, both lined and unlined, will be left untouched with the contained
residue in place. Covers will be removed and commercially disposed.
Water wells will be capped. Pumps and connecting pipe spools will be removed. Concrete foundations
and surface pipelines will be buried in place with 0.5 m adjacent borrow fill or removed, at the
companys choice.
Electrical distribution system will be taken down, the poles and copper cable removed from the site and
commercially disposed. Trash landfills will be smoothed and buried with 0.5 m of adjacent borrow fill.
Access roads will be untouched. In-plant roads will also be left untouched.
No bonds have been posted.
Sirocco Mining Inc Technical report on the Aguas Blancas Property
81 19 December 2013
21 CAPITAL AND OPERATING COSTS
The company announced the closure of the ALP slurry plant and deferral of the completion of the SAG mill in
the ALP in December 2013 due to a softening of the iodine market price. In 2014 only heap leach processing
will be carried out. The Company envisages that the mill installation will be completed by mid-2015.
The mine schedule is based on the end 2012 reserves and economic inferred resources and incorporates heap
leach and ALP processing from 2015. Inferred resources do not have demonstrated economic viability.
As the Aguas Blancas Mine has been in operation for a number of years operating costs and capital
requirements are based on detailed annual budgets.
21.1 Operating Cost Estimates
The current estimate of operating costs over the planned depletion of reserves, is approximately $60M per year
(following completion of SAG mill installation).
Table 21-1: Operating Costs
Units 2014 2015 2016 2017 2018
LOM
TOTAL
Operating Costs
Mining Costs $000's 10,547 16,827 18,455 18,884 19,208 295,754
Heap Leach $000's 4,317 4,945 4,705 5,007 5,037 83,214
ALP $000's 516 6,378 13,094 13,035 13,631 216,118
Chemical Plant $000's 4,657 5,586 9,046 8,804 8,407 130,006
Maintenance $000's 2,597 3,876 3,876 3,876 3,876 57,837
Water $000's 1,107 2,619 2,625 2,619 2,619 39,867
Laboratory $000's 561 1,083 1,083 1,083 1,083 16,081
G&A $000's 6,891 7,513 7,513 7,513 7,513 116,318
Total Operating Cost $000's 31,193 48,827 60,398 60,820 61,373 955,195
21.2 Capital Cost Estimates
The capital costs are primarily associated with mining fleet renewals, completion of the SAG mill installation
and the installation of a second dryer in the chemical plant. Annual sustaining costs are estimated to be $2m per
annum.
Table 21-2: Capital Costs
Units 2014 2015 2016 2017 2018
LOM
TOTAL
Mining/Heap Leach $000's 0 0 3,820 3,010 2,835 32,815
ALP $000's 0 2,697 0 0 0 2,697
Chemical Plant $000's 0 1,500 0 0 0 1,500
Projects $000's 0 4,197 3,820 3,010 2,835 37,012
Sustaining $000's 1,224 2,000 2,000 2,000 2,000 23,224
Total Capital $000's 1,224 6,197 5,820 5,010 4,835 60,236
Sirocco Mining Inc Technical report on the Aguas Blancas Property
82 19 December 2013
22 ECONOMIC ANALYSIS
As the Aguas Mine has been in operation for a number of years operating costs and capital requirements are
well established.
22.1 Operating Statistics
The mining and processing details are tabulated in Table 22-1. The mine life is estimated at 15 years.
Table 22-1: Mining and Processing Statistics
Units 2014 2015 2016 2017 2018
LOM
TOTAL
PRODUCTION
Mining
Total - tonnes '000 t 4,027 4,886 5,907 6,176 6,378 103,542
- Iodine grade ppm 383 531 541 528 520 444
Heap Leach
Ore Placed - tonnes '000 t 2,307 3,386 3,158 3,445 3,473 53,794
- grade ppm 576 464 416 443 493 395
Recovery % 60.0% 60.0% 60.0% 60.0% 60.0% 60.0%
Iodine to Towers - tonnes t 1,196.6 942.4 788.5 916.1 1,028.1 14,654
ALP
Ore Leached - tonnes '000 t - 787 2,402 2,387 2,539 41,976
- grade ppm - 775 775 719 625 536
Recovery % 0.0% 87.8% 87.8% 87.2% 86.3% 85.5%
Iodine to Towers - tonnes t - 535.1 1,633.9 1,496.3 1,369.8 19,612
Chemical Plant
Iodine to Towers t 1,196.6 1,477.5 2,422.4 2,412.4 2,397.9 34,266
Recovery % 90.0% 91.0% 91.0% 91.0% 91.0% 91.0%
Recovered Iodine t 1,076.9 1,344.6 2,204.4 2,195.3 2,182.1 31,170.2
22.2 Cash Flow Forecasts
Based on a iodine sales price of $45/kg, operating schedule, operating and capital costs estimated in section 21,
the post-tax project NPV
10%
is estimated to be $156m.
Sirocco Mining Inc Technical report on the Aguas Blancas Property
83 19 December 2013
Table 22-2: Project Valuation
Units 2014 2015 2016 2017 2018
LOM
TOTAL
PROFIT AND LOSS
Iodine Sales t 1,382.4 1,598.4 2,203.2 2,181.6 2,181.6 32,076.5
Iodine Price $/kg 45.00 45.00 45.00 45.00 45.00 45.00
Iodine Revenue $000's 62,208 71,928 99,144 98,172 98,172 1,443,441
Total Operating Cost $000's 31,193 48,827 60,398 60,820 61,373 955,195
Inventory Movement $000's 15,412 8,762 (880) (116) 1,038 47,486
Exploration $000's 320 800 800 800 500 5,220
Other expenses $000's 735 918 1,144 1,269 1,393 22,997
EBITDA $000's 14,547 12,621 37,682 35,399 33,868 412,542
Less DD & A $000's 5,127 7,638 9,479 9,671 9,871 156,407
EBIT $000's 9,420 4,983 28,203 25,728 23,997 256,135
Taxes & Royalties $000's 0 0 4,136 3,661 3,327 42,573
Financial Expenses $000's 1,125 880 715 556 454 7,421
Net Income $000's 8,295 4,103 23,352 21,511 20,216 206,142
Total Capital $000's 1,224 6,197 5,820 5,010 4,835 60,236
Pre Tax NPV 10.0% 177,882
Post Tax NPV 10.0% 155,958
22.3 Taxes and Royalties
AMC is subject to the fiscal regime in Chile. In Chile, taxable profits are currently subject to tax at a rate of
20%. Ultimate future profit distributions by AMC to its Canadian parent company by way of dividends would
increase the combined rate of tax on Chilean income to 35%.
The government of Chile has established a specific tax on mining companies whereby AMC would be subject to
a progressive tax on profit margins if it has annual sales of value equivalent to 12,000 metric tonnes of fine
copper. To date, AMC has not exceeded this threshold. In case of mining operators whose sales exceed the
equivalent of 12,000 tonnes of fine copper but do not surpass the equivalent of 50,000 tonnes of fine copper, the
specific tax is applied progressively with rates of 0.5% to 4.5%.
22.4 Sensitivity Analysis
The primary cost groups which may impact the project valuation are iodine price, operating costs and capital
costs. The sensitivity of the is shown in Table
Table 22-3: NPV Sensitivity
Sensitivity NPV
10%
Base Case $156m
Iodine Price +/- $1/kg +/- $14m
Operating Cost +/- 2.5% +/- $10m
Discount Rate +/- 1.0% +/- $8m
Capital Cost +/- 5.0% +/- $2m
Sirocco Mining Inc Technical report on the Aguas Blancas Property
84 19 December 2013
23 ADJACENT PROPERTIES
There are no other iodine or caliche producers in the vicinity of the Aguas Blancas project. Several properties
belonging to SQM are located within the group of concessions within the Aguas Blancas project area, but these
have been excluded from resource and reserve calculations. The limits of these properties are also shown in
Figure 23.1. There are no historical resource estimates for these properties.
Figure 23-1: SQM Concessions in the area of Aguas Blancas
Source: AMC (Worldview imagery acquired by Sirocco in Feb 2012)
Sirocco Mining Inc Technical report on the Aguas Blancas Property
85 19 December 2013
24 OTHER RELEVANT DATA AND INFORMATION
There is no other relevant data and information
Sirocco Mining Inc Technical report on the Aguas Blancas Property
86 19 December 2013
25 INTERPRETATION AND CONCLUSIONS
The evaluation work was carried out and prepared in compliance with NI43-101 and the guidelines of the
Council of the Canadian Institute of Mining, Metallurgy and Petroleum.
The updated resource estimations of all modelled zones are shown below in Table 25-1:, incorporating all of
the available drill hole data and revised density measurements, for a cut-off grade of 200ppm I
2
. No mining
factors have been applied to the resource figures, but they are based on minimum thickness of 0.5m.
Table 25-1: Iodine Mineral Resource Estimate
At 31
st
December, 2012
Resource Class Tonnes Iodine
000t ppm I
2
Measured 16,798 474
Indicated 88,205 417
Measured & Indicated 105,003 426
Inferred 67,392 338
N.B. Mineral resources evaluated using a block cut-off of 200ppm I
2
.
Measured and Indicated resources shown are inclusive of Reserves.
Owing to different sample coverage and geostatistical characteristics, NO
3
and SO
4
resources are reported
separately, as shown in Table 25-2.
Table 25-2: Sulphate and Nitrate Mineral Resource Estimate
At 31
st
December, 2012
Blocks Above 200ppm I
2
Cut Off
Resource Class Tonnes Nitrate Sulphate
000t % NO
3
%SO
4
Measured 1,166 3.1 24.6
Indicated 12,407 2.8 19.3
Measured & Indicated 13,573 2.8 19.7
Inferred 93,637 3.2 14.5
Reconciliation data was collected for production from the continuous miners in use from 2009 to 2012. This
enabled updated mining factors to be calculated, which were then applied in subsequent reserve calculations.
The reserves were derived by blocking out those areas of measured and indicated resources at a cut-off of
250ppm I
2
. This breakeven cut-off was derived from budgeted cost levels for 2013, for both heap leach and
agitated leach processing operations.
Sirocco Mining Inc Technical report on the Aguas Blancas Property
87 19 December 2013
The Mineral Reserve Estimate for the Aguas Blancas Project is shown in Table 25-3.
Table 25-3: Mineral Reserve Estimate
At 31
st
December, 2012
Reserve Class Tonnes Iodine
000t ppm I
2
Proven 14,558 492
Probable 68,386 457
Proven and Probable 82,944 463
N.B. Reserves blocked out on a cut-off of 250ppm I
2
.
This cut-off was derived from parameters which included:
Iodine price $36/kg
Exchange Rate CHP to US$ 500
Owner mining, HL & ALP processing
Mining Factors applied:
0% dilution, 95% mining recovery
Maximum caliche thickness 3m
An additional 40Mt of Inferred material at economic grades is also modelled
In the authors opinion, given that the Aguas Blancas mine has been operating since 2001 and that the operating factors
are well established, the Mineral Resource and Mineral Reserve Estimate are well supported.
Sirocco Mining Inc Technical report on the Aguas Blancas Property
88 19 December 2013
26 RECOMMENDATIONS
The Aguas Blancas mine has been operating for over 10 years and operating factors are well established.
The authors recommend:
the continued conversion of inferred resources is completed to enable determination of the full life of
mine. A budget of US$ 5.2m has been included in the current Life of Mine plan.
Investigations are continued to determine the viability of nitrate production.
Sirocco Mining Inc Technical report on the Aguas Blancas Property
89 19 December 2013
27 REFERENCES
AMEC (2005) Technical Report on the Aguas Blancas Project, Province of Antofagasta, Chile. Project No.
2072.
PAH (1999) Aguas Blancas Project, Chile, Geologic Modelling and Mine Scheduling, Aguas Blancas Project,
Antofagasta, Chile (Update). PAH Project no. 9167.05b.
Mir, P., Nov 2013. Aguas Blancas Project, Property and Permits Summary Report. Bofill, Mir and Alvarez
Jana, Abogados, Santiago Chile. Report prepared for AMC.
Wheeler and Dowdell (Feb, 2006) Aguas Blancas Resource and Reserve Estimation. Prepared for Atacama
Minerals Chile.
Wheeler (January, 2007) Technical Report on the Aguas Blancas Property, Chile. Prepared for Atacama
Minerals Chile.
Wheeler (December, 2007) Technical Report on the Aguas Blancas Property, Chile. Prepared for Atacama
Minerals Chile.
2012 Drilling Report Final, R. Alves, Atacama Minerals 2013. Atacama Minerals Internal Report
Williams-Stroud, Sherilyn (1991): Descriptive model of iodine-bearing nitrate. In: Bliss, J.D.
and Orris, G.J. (Eds.) (1991). Some Industrial Mineral Deposit Models: Descriptive
Deposit Models. Open File Report 91-11A. US Geological Survey, 73 pp.
Sirocco Mining Inc Technical report on the Aguas Blancas Property
90 19 December 2013
28 QUALIFIED PERSONS CERTIFICATES
CERTIFICATE OF AUTHOR
I, Kevin Ross do hereby certify that:
1. I am a Mining Engineer based at 2000-885 West Georgia St, Vancouver, British Columbia, Canada, V6C
3E8
2. I am the author of this report Technical Report on the Aguas Blancas Property, Chile dated December
19, 2013.
3. I hold the following academic qualifications:
B.Sc. (Mining) Royal School of Mines (UK) 1976
M.B.A. Cranfield School of Management (UK) 1988
4. I am a registered Chartered Engineer (C. Eng and Eur. Ing) with the Engineering Council (UK)
5. I am a member in good standing of Institute of Mining, Metallurgy and Materials (Member).
6. I have worked as a mining engineer in the minerals industry for over 37 years.
7. I have read NI 43-101 and the technical report, which is the subject of this certificate, has been prepared
in compliance with NI 43-101. By reason of my education, experience and professional registration, I
fulfil the requirements of a qualified person as defined by NI 43-101. My work experience includes
positions as General Manager South Crofty Mine, Group Mining Engineer TVX, Managing Director
ARCON International Resources, COO of Ivernia West, New Gold Inc, Red Back Mining and Sirocco
Mining.
8. I am responsible for sections 1.1, 1.2, 1.5, 1.6, 2, 3, 4, 13, 16, 17, 18, 19, 20, 21, 22, 23, 24 & 25 of the
technical report entitled Technical Report on the Aguas Blancas Property, Chile and dated December
19, 2013, relating to the Aguas Blancas Property.
9. I visited the Aguas Blancas Site on numerous occasions, the most recent being12
th
and 15
th
November
2013.
10. As of the date hereof, to the best of the my knowledge, information and belief, the technical report, which
is the subject of this certificate, contains all scientific and technical information that is required to be
disclosed to make such technical report not misleading.
11. I am not independent, currently holding the position of Chief Operating Officer of Sirocco Mining Inc.
12. I have been involved with the property in my current role since October 2011.
Dated this 19
th
day of December, 2013
K. Ross, Eur.Ing., MIMMM
Sirocco Mining Inc Technical report on the Aguas Blancas Property
91 19 December 2013
CERTIFICATE OF AUTHOR
I, Hugh Stuart do hereby certify that:
1. I am a Geologist based at Lower Farm Barns, Brandon Lane, Coventry, United Kingdom, CV23 8EW.
2. I am an author of this report Technical Report on the Aguas Blancas Property, Chile dated December
19, 2013.
3. I hold the following academic qualifications:
B.Sc. Geology (1985)
M.Sc. Mineral exploration and Mining Geology (1988)
4. I am a registered Chartered Geologist.
5. I am a member in good standing of the Geological Society of London.
6. I have worked as a geologist in the minerals industry for over 23 years.
7. I have read NI 43-101 and the technical report, which is the subject of this certificate, has been prepared
in compliance with NI 43-101. By reason of my education, experience and professional registration, I
fulfil the requirements of a qualified person as defined by NI 43-101. My work experience includes
work in all areas of exploration and including resource definition at several operating mines and the
management and compilation of exploration data in preparation for mineral resource estimates.
8. I am responsible for sections 1.3, 1.4, 5, 6, 7, 8, 9, 10, 11 and 12 of the technical report entitled
Technical Report on the Aguas Blancas Property, Chile and dated December 19, 2013, relating to the
Aguas Blancas Property.
9. I visited the Aguas Blancas Site on numerous occasions, the most recent being between 19
th
and 24
th
June
2013.
10. As of the date hereof, to the best of the my knowledge, information and belief, the technical report, which
is the subject of this certificate, contains all scientific and technical information that is required to be
disclosed to make such technical report not misleading.
11. I am not independent, currently holding the position of Vice President Exploration of Sirocco Mining Inc.
12. I have been involved with the property in my current role since October 2011.
Dated this 19
th
day of December, 2013
Hugh Stuart, C Geol, FGS
Sirocco Mining Inc Technical report on the Aguas Blancas Property
92 19 December 2013
CERTIFICATE OF AUTHOR
I, Adam Wheeler do hereby certify that:
1. I am an independent mining consultant, based at Cambrose Farm, Redruth, Cornwall, TR16 4HT,
England.
2. I hold the following academic qualifications:
B.Sc. (Mining) Camborne School of Mines (UK) 1981
M.Sc. (Mining Engineering) Queens University (Canada) 1982
3. I am a registered Chartered Engineer (C. Eng and Eur. Ing) with the Engineering Council (UK). Reg. no.
371572.
4. I am a member in good standing of the Institute of Mining, Metallurgy and Materials (Member).
5. I have worked as a mining engineer in the minerals industry for over 28 years. I have experience with a
wide variety of mineral deposits and reserve estimation techniques.
6. I have read NI 43-101 and the technical report, which is the subject of this certificate, has been prepared
in compliance with NI 43-101. By reason of my education, experience and professional registration, I
fulfil the requirements of a qualified person as defined by NI 43-101. My work experience includes 5
years as a mining engineer in an underground gold mine, 7 years as a mining engineer in the development
and application of mining and geological software, and 16 years as an independent mining consultant,
involved with evaluation and planning projects for both open pit and underground mines.
7. I am responsible for sections 14 and 15 of the technical report entitled Technical Report on the Aguas
Blancas Property, Chile and dated December 19, 2013, relating to the Aguas Blancas Property.
8. I visited the Aguas Blancas Site on numerous occasions, the most recent being 15
th
to 19
th
October, 2012.
9. As of the date hereof, to the best of the my knowledge, information and belief, the technical report, which
is the subject of this certificate, contains all scientific and technical information that is required to be
disclosed to make such technical report not misleading.
10. I am independent of Sirocco Mining Inc and its subsidiaries other than providing consulting services.
11. I consent to the filing of the report with any Canadian stock exchange or securities regulatory authority,
and any publication by them of the report.
12. I have previously prepared NI43-101 reports in connection with the Aguas Blancas property, as an
independent mining consultant, in January 2007, December 2007 and December 2010.
Dated this 19
th
day of December, 2013
Adam Wheeler, C.Eng., MIMMM
Sirocco Mining Inc Technical report on the Aguas Blancas Property
93 19 December 2013
Appendix A: MINERAL PROPERTY
ESTACAS
Rol nacional Nombre Titular Situacion
1 02201-1807-K ESTACAS 146/149-V-79 SCM ATACAMA MINERALS CHILE CONSTITUIDA
2 02201-1808-8 ESTACA 269-V-78 SCM ATACAMA MINERALS CHILE CONSTITUIDA
3 02201-1809-6 ESTACA 270-V-78 SCM ATACAMA MINERALS CHILE CONSTITUIDA
4 02201-1810-K ESTACA 271-V-78 SCM ATACAMA MINERALS CHILE CONSTITUIDA
5 02201-1811-8 ESTACA 272-V-78 SCM ATACAMA MINERALS CHILE CONSTITUIDA
6 02201-1813-4 ESTACA 275-V-78 SCM ATACAMA MINERALS CHILE CONSTITUIDA
7 02201-1814-2 ESTACA 124-V-76 SCM ATACAMA MINERALS CHILE CONSTITUIDA
8 02201-1815-0 ESTACA 75-F-78 SCM ATACAMA MINERALS CHILE CONSTITUIDA
9 02201-1816-9 ESTACA 163-F-79 SCM ATACAMA MINERALS CHILE CONSTITUIDA
10 02201-1817-7 ESTACA 164-F-79 SCM ATACAMA MINERALS CHILE CONSTITUIDA
11 02201-1818-5 ESTACA 6-V-76 SCM ATACAMA MINERALS CHILE CONSTITUIDA
12 02201-1819-3 ESTACA 82-V-76 SCM ATACAMA MINERALS CHILE CONSTITUIDA
13 02201-1820-7 ESTACA 277-V-73 SCM ATACAMA MINERALS CHILE CONSTITUIDA
14 02201-1821-5 ESTACA 64-V-77 SCM ATACAMA MINERALS CHILE CONSTITUIDA
15 02201-1822-3 ESTACA 67-V-77 SCM ATACAMA MINERALS CHILE CONSTITUIDA
16 02201-1823-1 ESTACA 68-V-77 SCM ATACAMA MINERALS CHILE CONSTITUIDA
17 02201-1824-K ESTACA 69-V-77 SCM ATACAMA MINERALS CHILE CONSTITUIDA
18 02201-1825-8 ETACA 61-F-78 SCM ATACAMA MINERALS CHILE CONSTITUIDA
19 02201-1826-6 ESTACA 62-F-78 SCM ATACAMA MINERALS CHILE CONSTITUIDA
20 02201-1827-4 ESTACA 63-F-78 SCM ATACAMA MINERALS CHILE CONSTITUIDA
21 02201-1828-2 ESTACA 64-F-78 SCM ATACAMA MINERALS CHILE CONSTITUIDA
22 02201-1829-0 ESTACA 142-F-79 SCM ATACAMA MINERALS CHILE CONSTITUIDA
23 02201-1830-4 ESTACA 258-F-79 SCM ATACAMA MINERALS CHILE CONSTITUIDA
24 02201-1831-2 ESTACA 267-F-79 SCM ATACAMA MINERALS CHILE CONSTITUIDA
25 02201-1832-0 ESTACA 208-F-73 SCM ATACAMA MINERALS CHILE CONSTITUIDA
26 02201-1833-9 ESTACA 142/144-V-79 SCM ATACAMA MINERALS CHILE CONSTITUIDA
27 02201-1834-7 ESTACAS 47/48-230/232 F-79 SCM ATACAMA MINERALS CHILE CONSTITUIDA
28 02201-1835-5 ESTACAS 688/689 V-80 SCM ATACAMA MINERALS CHILE CONSTITUIDA
29 02201-1836-3 ESTACA 207-F-73 SCM ATACAMA MINERALS CHILE CONSTITUIDA
30 02201-1837-1 ESTACAS 229-233-234-F-79 SCM ATACAMA MINERALS CHILE CONSTITUIDA
31 02201-1838-K ESTACA 393/405-V-80 SCM ATACAMA MINERALS CHILE CONSTITUIDA
32 02201-1839-8 ESTACA 244-V-78 SCM ATACAMA MINERALS CHILE CONSTITUIDA
33 02201-2217-4 AMPLIACION DESCUBRIDORA 393 SCM ATACAMA MINERALS CHILE CONSTITUIDA
34 02201-3017-7 ESTACA 145-V-79 SCM ATACAMA MINERALS CHILE CONSTITUIDA
35 02201-1812-6 ESTACA 273-V-78 AMAX DE CHILE INC CONSTITUIDA
MINING CONCESSIONS
INDICE Rol nacional Nombre Titular Situacion
1 02201-1723-5 ANDREA I 1/20 SCM ATACAMA MINERALS CHILE CONSTITUIDA
2 02201-1724-3 ANDREA II 1/15 SCM ATACAMA MINERALS CHILE CONSTITUIDA
3 02201-1727-8 ANDREA V 1/15 SCM ATACAMA MINERALS CHILE CONSTITUIDA
4 02201-1728-6 ANDREA VI 1/10 SCM ATACAMA MINERALS CHILE CONSTITUIDA
5 02201-1730-8 ANDREA VIII 1/15 SCM ATACAMA MINERALS CHILE CONSTITUIDA
6 02201-1731-6 ANDREA IX 1/20 SCM ATACAMA MINERALS CHILE CONSTITUIDA
7 02201-1732-4 ANDREA X 1/10 SCM ATACAMA MINERALS CHILE CONSTITUIDA
8 02201-1733-2 ANDREA XI 1/15 SCM ATACAMA MINERALS CHILE CONSTITUIDA
9 02201-1734-0 ANDREA XII 1/20 SCM ATACAMA MINERALS CHILE CONSTITUIDA
10 02201-1736-7 ANDREA XIV 1/15 SCM ATACAMA MINERALS CHILE CONSTITUIDA
11 02201-1737-5 ANDREA XV 1/20 SCM ATACAMA MINERALS CHILE CONSTITUIDA
12 02201-1738-3 ANDREA XVI 1/20 SCM ATACAMA MINERALS CHILE CONSTITUIDA
13 02201-1739-1 ANDREA XVII 1/14 SCM ATACAMA MINERALS CHILE CONSTITUIDA
14 02201-1740-5 ANDREA XVIII 1/6 SCM ATACAMA MINERALS CHILE CONSTITUIDA
15 02201-1741-3 IGNACIA I 1/15 SCM ATACAMA MINERALS CHILE CONSTITUIDA
16 02201-1742-1 IGNACIA II 1/20 SCM ATACAMA MINERALS CHILE CONSTITUIDA
17 02201-1743-K IGNACIA III 1/25 SCM ATACAMA MINERALS CHILE CONSTITUIDA
Sirocco Mining Inc Technical report on the Aguas Blancas Property
94 19 December 2013
18 02201-1744-8 IGNACIA IV 1/20 SCM ATACAMA MINERALS CHILE CONSTITUIDA
19 02201-1745-6 IGNACIA V 1/10 SCM ATACAMA MINERALS CHILE CONSTITUIDA
20 02201-1746-4 IGNACIA VI 1/15 SCM ATACAMA MINERALS CHILE CONSTITUIDA
21 02201-1747-2 IGNACIA VII 1/19 SCM ATACAMA MINERALS CHILE CONSTITUIDA
22 02201-1748-0 IGNACIA VIII 1/10 SCM ATACAMA MINERALS CHILE CONSTITUIDA
23 02201-1749-9 IGNACIA IX 1/10 SCM ATACAMA MINERALS CHILE CONSTITUIDA
24 02201-1750-2 IGNACIA X 1/20 SCM ATACAMA MINERALS CHILE CONSTITUIDA
25 02201-1751-0 IGNACIA XI 1/20 SCM ATACAMA MINERALS CHILE CONSTITUIDA
26 02201-2052-K ANGELES I 1/29 SCM ATACAMA MINERALS CHILE CONSTITUIDA
27 02201-2229-8 ANGELES II 1/40 SCM ATACAMA MINERALS CHILE CONSTITUIDA
28 02201-2230-1 ANGELES III 1/60 SCM ATACAMA MINERALS CHILE CONSTITUIDA
29 02201-2231-K ANGELES IV 1/20 SCM ATACAMA MINERALS CHILE CONSTITUIDA
30 02201-2054-6 ANGELES V 1/60 SCM ATACAMA MINERALS CHILE CONSTITUIDA
31 02201-1762-6 SANDRA I 1/10 SCM ATACAMA MINERALS CHILE CONSTITUIDA
32 02201-1763-4 SANDRA II 1/10 SCM ATACAMA MINERALS CHILE CONSTITUIDA
33 02201-1764-2 SANDRA III 1/10 SCM ATACAMA MINERALS CHILE CONSTITUIDA
34 02201-1765-0 SANDRA IV 1/10 SCM ATACAMA MINERALS CHILE CONSTITUIDA
35 02201-2048-1 TERESA II 1/30 SCM ATACAMA MINERALS CHILE CONSTITUIDA
36 02201-2049-K TERESA III 1/30 SCM ATACAMA MINERALS CHILE CONSTITUIDA
37 02201-2051-1 TERESA IV 1/10 SCM ATACAMA MINERALS CHILE CONSTITUIDA
38 02201-2050-3 TERESA IV 1/5 SCM ATACAMA MINERALS CHILE CONSTITUIDA
39 02201-2013-9 YOLY II 1/40 SCM ATACAMA MINERALS CHILE CONSTITUIDA
40 02201-2465-7 YOLY III 1/20 SCM ATACAMA MINERALS CHILE CONSTITUIDA
41 02201-2466-5 YOLY IV 1/29 SCM ATACAMA MINERALS CHILE CONSTITUIDA
42 02201-2467-3 YOLY V 1/30 SCM ATACAMA MINERALS CHILE CONSTITUIDA
43 02201-2807-5 YOLY VI 1/30 SCM ATACAMA MINERALS CHILE CONSTITUIDA
44 02201-2469-K YOLY VII 1/30 SCM ATACAMA MINERALS CHILE CONSTITUIDA
45 02201-2470-3 YOLY VIII 1/30 SCM ATACAMA MINERALS CHILE CONSTITUIDA
46 02201-2138-0 PAULINA 7 1/5 SCM ATACAMA MINERALS CHILE CONSTITUIDA
47 02201-2139-9 PAULINA 8 1/20 SCM ATACAMA MINERALS CHILE CONSTITUIDA
48 02201-2150-K PAULINA 19 1/15 SCM ATACAMA MINERALS CHILE CONSTITUIDA
49 02201-2151-8 PAULINA 20 1/10 SCM ATACAMA MINERALS CHILE CONSTITUIDA
50 02201-2187-9 PAULINA 56 1/25 SCM ATACAMA MINERALS CHILE CONSTITUIDA
51 02201-2188-7 PAULINA 57 1/25 SCM ATACAMA MINERALS CHILE CONSTITUIDA
52 02201-2265-4 PAULINA 10 II 1/5 SCM ATACAMA MINERALS CHILE CONSTITUIDA
53 02201-2267-0 PAULINA 14 II 1/15 SCM ATACAMA MINERALS CHILE CONSTITUIDA
54 02201-2268-9 PAULINA 15 II 1/20 SCM ATACAMA MINERALS CHILE CONSTITUIDA
55 02201-3588-8 PAULINA 37 II 1/20 SCM ATACAMA MINERALS CHILE CONSTITUIDA
56 02201-3098-3 CRISTINA I 1/12 SCM ATACAMA MINERALS CHILE CONSTITUIDA
57 02201-4823-8 MIRIAM T 1/10 SCM ATACAMA MINERALS CHILE CONSTITUIDA
58 02201-4824-6 MIRIAM J 1/20 SCM ATACAMA MINERALS CHILE CONSTITUIDA
59 02201-4825-4 MIRIAM K 1/20 SCM ATACAMA MINERALS CHILE CONSTITUIDA
60 02201-4826-2 MIRIAM G 1/10 SCM ATACAMA MINERALS CHILE CONSTITUIDA
61 02201-5156-5 MIRIAM 1 1/60 SCM ATACAMA MINERALS CHILE CONSTITUIDA
62 02201-5157-3 MIRIAM 2 1/60 SCM ATACAMA MINERALS CHILE CONSTITUIDA
63 02201-5158-1 MIRIAM 3 1/60 SCM ATACAMA MINERALS CHILE CONSTITUIDA
64 02201-5159-K MIRIAM 4 1/60 SCM ATACAMA MINERALS CHILE CONSTITUIDA
65 02201-5160-3 MIRIAM 5 1/60 SCM ATACAMA MINERALS CHILE CONSTITUIDA
66 02201-5161-1 MIRIAM 6 1/40 SCM ATACAMA MINERALS CHILE CONSTITUIDA
67 02201-5162-K MIRIAM 7 1/60 SCM ATACAMA MINERALS CHILE CONSTITUIDA
68 02201-5163-8 MIRIAM 8 1/40 SCM ATACAMA MINERALS CHILE CONSTITUIDA
69 02201-5164-6 MIRIAM 9 1/13 SCM ATACAMA MINERALS CHILE CONSTITUIDA
70 02201-5165-4 MIRIAM 10 1/60 SCM ATACAMA MINERALS CHILE CONSTITUIDA
71 02201-5166-2 MIRIAM 11 1/54 SCM ATACAMA MINERALS CHILE CONSTITUIDA
72 02201-5167-0 MIRIAM 12 1/60 SCM ATACAMA MINERALS CHILE CONSTITUIDA
73 02201-5168-9 MIRIAM 13 1/39 SCM ATACAMA MINERALS CHILE CONSTITUIDA
74 02201-5169-7 MIRIAM 14 1/40 SCM ATACAMA MINERALS CHILE CONSTITUIDA
75 02201-5170-0 MIRIAM 15 1/60 SCM ATACAMA MINERALS CHILE CONSTITUIDA
76 02201-5176-K MIRIAM G 1/10 SCM ATACAMA MINERALS CHILE CONSTITUIDA
77 02201-5177-8 MIRIAM J 1/10 SCM ATACAMA MINERALS CHILE CONSTITUIDA
78 02201-5178-6 MIRIAM M 1/2 SCM ATACAMA MINERALS CHILE CONSTITUIDA
Sirocco Mining Inc Technical report on the Aguas Blancas Property
95 19 December 2013
79 02201-5179-4 MIRIAM T 1/10 SCM ATACAMA MINERALS CHILE CONSTITUIDA
80 02201-5172-7 ESTER 1 1/10 SCM ATACAMA MINERALS CHILE CONSTITUIDA
81 02201-5175-1 SAN RAFAEL 1 1/10 SCM ATACAMA MINERALS CHILE EN TRAMITE
82 02201-5192-1 PAZ 1 1/8 SCM ATACAMA MINERALS CHILE CONSTITUIDA
83 02201-5209-K CANCRI 1 1/20 SCM ATACAMA MINERALS CHILE CONSTITUIDA
84 02201-5210-3 CANCRI 2 1/20 SCM ATACAMA MINERALS CHILE CONSTITUIDA
85 02201-5079-8 COSTA 3 1/22 SCM ATACAMA MINERALS CHILE CONSTITUIDA
86 02201-4966-8 REPAMPA C 1/100 SCM ATACAMA MINERALS CHILE CONSTITUIDA
87 02201-4967-6 REPAMPA D 1/20 SCM ATACAMA MINERALS CHILE CONSTITUIDA
88 02201-5181-6 REPAMPA F 1/20 SCM ATACAMA MINERALS CHILE CONSTITUIDA
89 02201-5182-4 REPAMPA G 1/40 SCM ATACAMA MINERALS CHILE CONSTITUIDA
90 02201-5183-2 REPAMPA H 1/20 SCM ATACAMA MINERALS CHILE CONSTITUIDA
91 02201-5293-6 REPAMPA II 1/100 SCM ATACAMA MINERALS CHILE CONSTITUIDA
92 02201-5295-2 REPAMPA IV 1/20 SCM ATACAMA MINERALS CHILE CONSTITUIDA
93 02201-5296-0 REPAMPA V 1/200 SCM ATACAMA MINERALS CHILE CONSTITUIDA
94 02201-5297-9 REPAMPA VI 1/30 SCM ATACAMA MINERALS CHILE CONSTITUIDA
95 02201-5298-7 REPAMPA VII 1/20 SCM ATACAMA MINERALS CHILE CONSTITUIDA
96 02201-5299-5 REPAMPA VIII 1/20 SCM ATACAMA MINERALS CHILE CONSTITUIDA
97 02201-5300-2 REPAMPA IX 1/20 SCM ATACAMA MINERALS CHILE CONSTITUIDA
98 02201-5830-6 NORTE 1 AB 1/20 SCM ATACAMA MINERALS CHILE CONSTITUIDA
99 02201-5831-4 NORTE 2 AB 1/30 SCM ATACAMA MINERALS CHILE CONSTITUIDA
100 02201-5832-2 NORTE 3 AB 1/15 SCM ATACAMA MINERALS CHILE CONSTITUIDA
101 02201-5833-0 NORTE 4 AB 1/30 SCM ATACAMA MINERALS CHILE CONSTITUIDA
102 02201-5834-9 NORTE 5 AB 1/30 SCM ATACAMA MINERALS CHILE CONSTITUIDA
103 02201-5835-7 NORTE 6 AB 1/30 SCM ATACAMA MINERALS CHILE CONSTITUIDA
104 02201-5836-5 NORTE 7 AB 1/30 SCM ATACAMA MINERALS CHILE CONSTITUIDA
105 02201-5837-3 NORTE 8 AB 1/11 SCM ATACAMA MINERALS CHILE CONSTITUIDA
106 02201-5838-1 NORTE 9 AB 1/60 SCM ATACAMA MINERALS CHILE CONSTITUIDA
107 02201-5839-K NORTE 10 AB 1/30 SCM ATACAMA MINERALS CHILE CONSTITUIDA
108 02201-5840-3 NORTE 11 AB 1/30 SCM ATACAMA MINERALS CHILE CONSTITUIDA
109 02201-5841-1 NORTE 12 AB 1/30 SCM ATACAMA MINERALS CHILE CONSTITUIDA
110 02201-5842-K NORTE 13 AB 1/30 SCM ATACAMA MINERALS CHILE CONSTITUIDA
111 02201-5843-8 NORTE 14 AB 1/30 SCM ATACAMA MINERALS CHILE CONSTITUIDA
112 02201-5844-6 NORTE 15 AB 1/11 SCM ATACAMA MINERALS CHILE CONSTITUIDA
113 02201-5845-4 NORTE 16 AB 1/20 SCM ATACAMA MINERALS CHILE CONSTITUIDA
114 02201-5846-2 NORTE 17 AB 1/5 SCM ATACAMA MINERALS CHILE CONSTITUIDA
115 02201-5847-0 NORTE 18 AB 1/30 SCM ATACAMA MINERALS CHILE CONSTITUIDA
116 02201-5848-9 NORTE 19 AB 1/30 SCM ATACAMA MINERALS CHILE CONSTITUIDA
117 02201-5849-7 NORTE 20 AB 1/25 SCM ATACAMA MINERALS CHILE CONSTITUIDA
118 02201-5850-0 NORTE 21 AB 1/25 SCM ATACAMA MINERALS CHILE CONSTITUIDA
119 02201-5851-9 NORTE 22 AB 1/30 SCM ATACAMA MINERALS CHILE CONSTITUIDA
120 02201-5852-7 NORTE 23 AB 1/30 SCM ATACAMA MINERALS CHILE CONSTITUIDA
121 02201-5853-5 NORTE 24 AB 1/20 SCM ATACAMA MINERALS CHILE CONSTITUIDA
122 02201-5854-3 NORTE 25 AB 1/30 SCM ATACAMA MINERALS CHILE CONSTITUIDA
123 02201-5856-K CENTRO 26 AB 1/20 SCM ATACAMA MINERALS CHILE CONSTITUIDA
124 02201-5857-8 CENTRO 27 AB 1/12 SCM ATACAMA MINERALS CHILE CONSTITUIDA
125 02201-5858-6 CENTRO 28 AB 1/73 SCM ATACAMA MINERALS CHILE CONSTITUIDA
126 02201-5859-4 CENTRO 29 AB 1/104 SCM ATACAMA MINERALS CHILE CONSTITUIDA
127 02201-5860-8 CENTRO 30 AB 1/30 SCM ATACAMA MINERALS CHILE EN TRAMITE
128 02201-5861-6 CENTRO 31 AB 1/30 SCM ATACAMA MINERALS CHILE EN TRAMITE
129 02201-5862-4 CENTRO 32 AB 1/28 SCM ATACAMA MINERALS CHILE CONSTITUIDA
130 02201-5863-2 CENTRO 33 AB 1/20 SCM ATACAMA MINERALS CHILE CONSTITUIDA
131 02201-5864-0 CENTRO 34 AB 1/28 SCM ATACAMA MINERALS CHILE CONSTITUIDA
132 02201-5865-9 CENTRO 35 AB 1/29 SCM ATACAMA MINERALS CHILE CONSTITUIDA
133 02201-5866-7 CENTRO 38 AB 1/5 SCM ATACAMA MINERALS CHILE CONSTITUIDA
134 02201-5867-5 CENTRO 39 AB 1/11 SCM ATACAMA MINERALS CHILE CONSTITUIDA
135 02201-5869-1 CENTRO 42 AB 1/4 SCM ATACAMA MINERALS CHILE CONSTITUIDA
136 02201-5870-5 CENTRO 43 AB 1/4 SCM ATACAMA MINERALS CHILE CONSTITUIDA
137 02201-5871-3 CENTRO 44 AB 1/20 SCM ATACAMA MINERALS CHILE CONSTITUIDA
138 02201-5872-1 CENTRO 45 AB 1/35 SCM ATACAMA MINERALS CHILE CONSTITUIDA
139 02201-5873-K CENTRO 46A AB 1/8 SCM ATACAMA MINERALS CHILE CONSTITUIDA
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140 02201-5875-6 CENTRO 47 AB 1/20 SCM ATACAMA MINERALS CHILE CONSTITUIDA
141 02201-5876-4 CENTRO 48 AB 1/14 SCM ATACAMA MINERALS CHILE CONSTITUIDA
142 02201-5879-9 CENTRO 51 AB 1/10 SCM ATACAMA MINERALS CHILE CONSTITUIDA
143 02201-5884-5 CENTRO 56 AB 1/70 SCM ATACAMA MINERALS CHILE CONSTITUIDA
144 02201-5886-1 SUR 58 AB 1/45 SCM ATACAMA MINERALS CHILE CONSTITUIDA
145 02201-5887-K SUR 59 AB 1/30 SCM ATACAMA MINERALS CHILE CONSTITUIDA
146 02201-5888-8 SUR 60 AB 1/10 SCM ATACAMA MINERALS CHILE CONSTITUIDA
147 02201-5889-6 SUR 61 AB 1/5 SCM ATACAMA MINERALS CHILE CONSTITUIDA
148 02201-5890-K SUR 62 AB 1/15 SCM ATACAMA MINERALS CHILE CONSTITUIDA
149 02201-5891-8 SUR 63 AB 1/30 SCM ATACAMA MINERALS CHILE CONSTITUIDA
150 02201-5892-6 SUR 64 AB 1/45 SCM ATACAMA MINERALS CHILE CONSTITUIDA
151 02201-5893-4 SUR 65 AB 1/30 SCM ATACAMA MINERALS CHILE CONSTITUIDA
152 02201-5894-2 SUR 66 AB 1/30 SCM ATACAMA MINERALS CHILE CONSTITUIDA
153 02201-5895-0 SUR 67 AB 1/30 SCM ATACAMA MINERALS CHILE CONSTITUIDA
154 02201-5897-7 SUR 69 AB 1 SCM ATACAMA MINERALS CHILE CONSTITUIDA
155 02201-5898-5 SUR 70 AB 1 SCM ATACAMA MINERALS CHILE CONSTITUIDA
156 02201-5899-3 SUR 71 AB 1/30 SCM ATACAMA MINERALS CHILE CONSTITUIDA
157 02201-5900-0 SUR 72 AB 1/30 SCM ATACAMA MINERALS CHILE CONSTITUIDA
158 02201-5901-9 SUR 73 AB 1/5 SCM ATACAMA MINERALS CHILE CONSTITUIDA
159 02201-5902-7 SUR 74 AB 1/5 SCM ATACAMA MINERALS CHILE CONSTITUIDA
160 02201-5903-5 SUR 75 AB 1/30 SCM ATACAMA MINERALS CHILE EN TRAMITE
161 02201-5904-3 SUR 76 AB 1/46 SCM ATACAMA MINERALS CHILE CONSTITUIDA
162 02201-5905-1 SUR 77 AB 1/20 SCM ATACAMA MINERALS CHILE EN TRAMITE
163 02201-5906-K SUR 78 AB 1/20 SCM ATACAMA MINERALS CHILE CONSTITUIDA
164 02201-5907-8 SUR 79 AB 1/30 SCM ATACAMA MINERALS CHILE CONSTITUIDA
165 02201-5908-6 SUR 80 AB 1/30 SCM ATACAMA MINERALS CHILE CONSTITUIDA
166 02201-5909-4 SUR 81 AB 1/20 SCM ATACAMA MINERALS CHILE CONSTITUIDA
167 02201-5188-3 LIVIA 1 1/10 SCM ATACAMA MINERALS CHILE EN TRAMITE
168 02201-5189-1 LIVIA 2 1/20 SCM ATACAMA MINERALS CHILE EN TRAMITE
169 02201-5190-5 LIVIA 3 1/10 SCM ATACAMA MINERALS CHILE CONSTITUIDA
170 02201-5191-3 LIVIA 4 1/10 SCM ATACAMA MINERALS CHILE CONSTITUIDA
171 02201-5577-3 LIVIA 6 1/10 SCM ATACAMA MINERALS CHILE CONSTITUIDA
172 02201-5578-1 LIVIA 7 1/30 SCM ATACAMA MINERALS CHILE CONSTITUIDA
173 02201-5579-K LIVIA 9 1/40 SCM ATACAMA MINERALS CHILE CONSTITUIDA
174 02201-5562-5 LIVIA 18 1/30 SCM ATACAMA MINERALS CHILE EN TRAMITE
175 02201-5563-3 LIVIA 19 1/30 SCM ATACAMA MINERALS CHILE CONSTITUIDA
176 02201-5564-1 LIVIA 26 1/30 SCM ATACAMA MINERALS CHILE CONSTITUIDA
177 02201-5566-8 LIVIA 41 1/20 SCM ATACAMA MINERALS CHILE EN TRAMITE
178 02201-5567-6 LIVIA 43 1/20 SCM ATACAMA MINERALS CHILE EN TRAMITE
179 02201-5568-4 LIVIA 46 1/30 SCM ATACAMA MINERALS CHILE CONSTITUIDA
180 02201-5569-2 LIVIA 47 1/10 SCM ATACAMA MINERALS CHILE CONSTITUIDA
181 02201-5570-6 LIVIA 48 1/20 SCM ATACAMA MINERALS CHILE EN TRAMITE
182 02201-5571-4 LIVIA 49 1/20 SCM ATACAMA MINERALS CHILE CONSTITUIDA
183 02201-5572-2 LIVIA 53 1/20 SCM ATACAMA MINERALS CHILE CONSTITUIDA
184 02201-5573-0 LIVIA 55 1/20 SCM ATACAMA MINERALS CHILE CONSTITUIDA
185 02201-5574-9 LIVIA 57 1/20 SCM ATACAMA MINERALS CHILE CONSTITUIDA
186 02201-5575-7 LIVIA 59 1/20 SCM ATACAMA MINERALS CHILE CONSTITUIDA
187 02201-5576-5 LIVIA 60 1/10 SCM ATACAMA MINERALS CHILE CONSTITUIDA
188 02201-5251-0 LIVIA 64 1/5 SCM ATACAMA MINERALS CHILE CONSTITUIDA
189 02201-6309-1 LIVIA 85A 1/20 SCM ATACAMA MINERALS CHILE CONSTITUIDA
190 02201-6310-5 LIVIA 86A 1/30 SCM ATACAMA MINERALS CHILE CONSTITUIDA
191 02201-6302-4 LIVIA 94A 1/5 SCM ATACAMA MINERALS CHILE CONSTITUIDA
192 02201-6303-2 LIVIA 94B 1/12 SCM ATACAMA MINERALS CHILE CONSTITUIDA
193 02201-6304-0 LIVIA 94C 1/17 SCM ATACAMA MINERALS CHILE CONSTITUIDA
194 02201-6305-9 LIVIA 101A 1/40 SCM ATACAMA MINERALS CHILE CONSTITUIDA
195 02201-6306-7 LIVIA 106A 1/20 SCM ATACAMA MINERALS CHILE CONSTITUIDA
196 02201-6307-5 LIVIA 106B 1/20 SCM ATACAMA MINERALS CHILE EN TRAMITE
197 02201-6308-3 LIVIA 115A 1/87 SCM ATACAMA MINERALS CHILE CONSTITUIDA
198 02201-5559-5 LIVIA 132 1/100 SCM ATACAMA MINERALS CHILE CONSTITUIDA
199 02201-5560-9 LIVIA 133 1/50 SCM ATACAMA MINERALS CHILE CONSTITUIDA
200 02201-6311-3 PAZ 1 AB 1/30 SCM ATACAMA MINERALS CHILE CONSTITUIDA
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201 02201-6312-1 PAZ 2 AB 1/30 SCM ATACAMA MINERALS CHILE CONSTITUIDA
202 02201-6313-K PAZ 3 AB 1/20 SCM ATACAMA MINERALS CHILE CONSTITUIDA
203 02201-6314-8 PAZ 4 AB 1/20 SCM ATACAMA MINERALS CHILE CONSTITUIDA
204 02201-6315-6 PAZ 5 AB 1/20 SCM ATACAMA MINERALS CHILE CONSTITUIDA
205 02201-6316-4 PAZ 6 AB 1/20 SCM ATACAMA MINERALS CHILE CONSTITUIDA
206 02201-6317-2 PAZ 7 AB 1/20 SCM ATACAMA MINERALS CHILE CONSTITUIDA
207 02201-6318-0 PAZ 8 AB 1/20 SCM ATACAMA MINERALS CHILE CONSTITUIDA
208 02201-6319-9 PAZ 9 AB 1/20 SCM ATACAMA MINERALS CHILE CONSTITUIDA
209 02201-6320-2 PAZ 10 AB 1/12 SCM ATACAMA MINERALS CHILE CONSTITUIDA
210 02201-6321-0 PAZ 11 AB 1/20 SCM ATACAMA MINERALS CHILE CONSTITUIDA
211 02201-6322-9 PAZ 12 AB 1/30 SCM ATACAMA MINERALS CHILE CONSTITUIDA
212 02201-6323-7 PAZ 13 AB 1/20 SCM ATACAMA MINERALS CHILE CONSTITUIDA
213 02201-6324-5 PAZ 14 AB 1/30 SCM ATACAMA MINERALS CHILE CONSTITUIDA
214 02201-6325-3 PAZ 15 AB 1/30 SCM ATACAMA MINERALS CHILE CONSTITUIDA
215
02201-6326-1 PAZ 16 AB 1/18
SCM ATACAMA MINERALS CHILE CONSTITUIDA
216 02201-6327-K PAZ 17 AB 1/20 SCM ATACAMA MINERALS CHILE CONSTITUIDA
217 02201-6328-8 PAZ 18 AB 1/20 SCM ATACAMA MINERALS CHILE CONSTITUIDA
218 02201-6329-6 PAZ 19A AB 1/2 SCM ATACAMA MINERALS CHILE CONSTITUIDA
219 02201-6330-K PAZ 19B AB 1/2 SCM ATACAMA MINERALS CHILE CONSTITUIDA
220 02201-6331-8 PAZ 20 AB 1/30 SCM ATACAMA MINERALS CHILE CONSTITUIDA
221
02201-6332-6 PAZ 21 AB 1/25
SCM ATACAMA MINERALS CHILE CONSTITUIDA
222 02201-6333-4 PAZ 22 AB 1/20 SCM ATACAMA MINERALS CHILE CONSTITUIDA
223 02201-6334-2 PAZ 23 AB 1/10 SCM ATACAMA MINERALS CHILE CONSTITUIDA
224 02201-6335-0 PAZ 24 AB 1/24 SCM ATACAMA MINERALS CHILE CONSTITUIDA
225 02201-6336-9 PAZ 25 AB 1/30 SCM ATACAMA MINERALS CHILE CONSTITUIDA
226 02201-6337-7 PAZ 26 AB 1/30 SCM ATACAMA MINERALS CHILE CONSTITUIDA
227 02201-6338-5 PAZ 27 AB 1/20 SCM ATACAMA MINERALS CHILE CONSTITUIDA
228 02201-6339-3 PAZ 28 AB 1/20 SCM ATACAMA MINERALS CHILE CONSTITUIDA
229 02201-6623-6 AMPLIACION A 1/12 MIR BALMACEDA PABLO CONSTITUIDA
230 02201-6624-4 AMPLIACION B 1/5 MIR BALMACEDA PABLO CONSTITUIDA
231 02201-7352-6 RENACIMIENTO 1/27 MIR BALMACEDA PABLO CONSTITUIDA
232 02201-7492-1 CENTRO 1 AB 1/37 MIR BALMACEDA PABLO MensuradaSNGM
233 02201-7493-K CENTRO 2 AB 1/9 MIR BALMACEDA PABLO MensuradaSNGM
234 02201-7494-8 CENTRO 3 AB 1/44 MIR BALMACEDA PABLO MensuradaSNGM
235 02201-7495-6 CENTRO 4 AB 1/17 MIR BALMACEDA PABLO MensuradaSNGM
236 02201-7496-4 CENTRO 5 AB 1/40 MIR BALMACEDA PABLO MensuradaSNGM
237 02201-7497-2 CENTRO 6 AB 1/28 MIR BALMACEDA PABLO MensuradaSNGM
238 02201-7498-0 CENTRO 7 AB 1/28 MIR BALMACEDA PABLO MensuradaSNGM
239 02201-7499-9 CENTRO 8 AB 1/20 MIR BALMACEDA PABLO MensuradaSNGM
240 02201-7488-3 LINEA AB 2 1/30 MIR BALMACEDA PABLO Aprobada SNGM
241 02201-7489-1 LINEA AB 3 1/52 MIR BALMACEDA PABLO Aprobada SNGM
242 02201-7490-5 LINEA AB 4 1/37 MIR BALMACEDA PABLO Aprobada SNGM
243 02201-7491-3 LINEA AB 5 1/41 MIR BALMACEDA PABLO Aprobada SNGM
244 02201-7500-1 SUR 1 AB 1 AL 29 MIR BALMACEDA PABLO Aprobada SNGM
245 02201-7501-4 SUR 3 AB 1 AL 3 MIR BALMACEDA PABLO MensuradaSNGM
246 02201-7829-3 CERROS 8 1 AL 30 MIR BALMACEDA PABLO MensuradaSNGM
247 02201-7997-4 CERROS 9 1 AL 30 MIR BALMACEDA PABLO MensuradaSNGM
EXPLOITATION LICENCES
INDICE Rol Nacional Nombre Titular Situacion
1 02201-K711-5 CERROS 1 MIR BALMACEDA PABLO CONSTITUIDA
2 02201-K712-3 CERROS 2 MIR BALMACEDA PABLO CONSTITUIDA
3 02201-K713-1 CERROS 3 MIR BALMACEDA PABLO CONSTITUIDA
4 02201-K714-K CERROS 4 MIR BALMACEDA PABLO CONSTITUIDA
5 02201-K715-8 CERROS 5 MIR BALMACEDA PABLO CONSTITUIDA
6 02201-K716-6 CERROS 6 MIR BALMACEDA PABLO CONSTITUIDA
7 02201-K717-4 CERROS 7 MIR BALMACEDA PABLO CONSTITUIDA
8 02201-K718-2 CERROS 8 MIR BALMACEDA PABLO CONSTITUIDA
9 02201-K719-0 CERROS 9 MIR BALMACEDA PABLO CONSTITUIDA
10 02201-K720-4 CERROS 10 MIR BALMACEDA PABLO CONSTITUIDA
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EXPLORATION LICENCES
Rol Nacional Nombre Titular Situacion
1 02201-L861-3 ESTE AB 1 MIR BALMACEDA PABLO EN TRAMITE
2 02201-L862-1 ESTE AB 2 MIR BALMACEDA PABLO EN TRAMITE
3 02201-L863-K ESTE AB 3 MIR BALMACEDA PABLO EN TRAMITE
4 02201-L864-8 ESTE AB 4 MIR BALMACEDA PABLO EN TRAMITE
5 02201-L865-6 ESTE AB 5 MIR BALMACEDA PABLO EN TRAMITE
6 02201-L866-4 ESTE AB 6 MIR BALMACEDA PABLO
7 02201-L867-2 ESTE AB 7 MIR BALMACEDA PABLO
8 02201-L868-0 ESTE AB 8 MIR BALMACEDA PABLO
9 02201-L869-9 ESTE AB 9 MIR BALMACEDA PABLO
10 02201-L870-2 ESTE AB 10 MIR BALMACEDA PABLO
11 02201-L871-0 ESTE AB 11 MIR BALMACEDA PABLO EN TRAMITE
12 02201-L872-9 ESTE AB 12 MIR BALMACEDA PABLO EN TRAMITE
13 02201-L873-7 ESTE AB 13 MIR BALMACEDA PABLO EN TRAMITE
14 02201-L874-5 ESTE AB 14 MIR BALMACEDA PABLO EN TRAMITE
15 02201-L875-3 ESTE AB 15 MIR BALMACEDA PABLO EN TRAMITE
16 02201-L876-1 ESTE AB 16 MIR BALMACEDA PABLO EN TRAMITE
17 02201-L877-K ESTE AB 17 MIR BALMACEDA PABLO EN TRAMITE
18 02201-L878-8 ESTE AB 18 MIR BALMACEDA PABLO EN TRAMITE
19 02201-L879-6 ESTE AB 19 MIR BALMACEDA PABLO EN TRAMITE
20 02201-L880-K ESTE AB 20 MIR BALMACEDA PABLO EN TRAMITE
21 02201-L881-8 ESTE AB 21 MIR BALMACEDA PABLO EN TRAMITE
22 02201-L882-6 ESTE AB 22 MIR BALMACEDA PABLO EN TRAMITE
23 02201-L883-4 ESTE AB 23 MIR BALMACEDA PABLO EN TRAMITE
24 02201-L884-2 ESTE AB 24 MIR BALMACEDA PABLO EN TRAMITE
25 02201-L885-0 ESTE AB 25 MIR BALMACEDA PABLO EN TRAMITE
26 02201-L886-9 ESTE AB 26 MIR BALMACEDA PABLO EN TRAMITE
27 02201-L887-7 ESTE AB 27 MIR BALMACEDA PABLO EN TRAMITE
28 02201-L888-5 ESTE AB 28 MIR BALMACEDA PABLO EN TRAMITE
29 02201-L889-3 ESTE AB 29 MIR BALMACEDA PABLO EN TRAMITE
30 02201-L890-7 ESTE AB 30 MIR BALMACEDA PABLO EN TRAMITE
31 02201-L891-5 ESTE AB 31 MIR BALMACEDA PABLO EN TRAMITE
32 02201-L892-3 ESTE AB 32 MIR BALMACEDA PABLO EN TRAMITE
33 02201-L893-1 ESTE AB 33 MIR BALMACEDA PABLO EN TRAMITE
34 02201-L894-K ESTE AB 34 MIR BALMACEDA PABLO EN TRAMITE
35 02201-L895-8 ESTE AB 35 MIR BALMACEDA PABLO EN TRAMITE
36 02201-L896-6 ESTE AB 36 MIR BALMACEDA PABLO EN TRAMITE
37 02201-L897-4 ESTE AB 37 MIR BALMACEDA PABLO EN TRAMITE
38 02201-L898-2 ESTE AB 38 MIR BALMACEDA PABLO EN TRAMITE
39 02201-M043-K ESTE AB 39 MIR BALMACEDA PABLO EN TRAMITE
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Appendix B: STATISTICAL PLOTS
Composites I2
Composites NO3
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100 19 December 2013
Composites SO4
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101 19 December 2013
Variograms
Accumulation, at 200ppm I2 cut-off
Thickness, at 200ppm I2 cut-off
Sirocco Mining Inc Technical report on the Aguas Blancas Property
102 19 December 2013
Nitrate
Sulphate