en.Wedoany.com Reported - AbraSilver executives, detailing their Diablillos silver-gold project, stated that the project is planned with a processing capacity of 9,000 tonnes per day, an initial investment expected to exceed $500 million, and total investment over the mine life exceeding $760 million. The company aims to transform this historic deposit into a competitive mining district in northwestern Argentina.
The Diablillos project has been included in Argentina's Large Investment Incentive Regime (RIGI). The company stated that this regime accelerates the project's investment timeline. Once the Environmental Impact Declarations (DIA) from the provinces of Catamarca and Salta are obtained, the company will immediately commence pre-construction work. Currently, only the DIA from Catamarca province is pending approval. The regime requires a minimum investment of $80 million within the first two years, a threshold that the Diablillos project will significantly exceed.
Regarding the technical phase, the project is about to submit a feasibility study and updated resource estimate, and has entered the final stage of provincial DIA approvals. On interprovincial coordination, the company believes that the strong collaboration between Catamarca and Salta provinces provides a special control factor for the project, and the quality of site work is improved due to inspections by both jurisdictions.
The project's planned ore processing rate is 9,000 tonnes per day, with a mine life of 16 to 17 years based on the current pit. The company stated that production could potentially be extended to nearly 30 years as assessments of known resource growth and the introduction of different mining methods in future phases are evaluated. The company recently acquired new assets adjacent to the project, with geological targets related to the Diablillos mineral system. Integration of these assets is expected to extend the mine life and improve future economic outcomes.
The company stated that its long-term vision is to develop more similar projects in northwestern Argentina. The company has tripled its resources in less than five years, making a forgotten mine 100% technically and economically viable, and believes this scenario can be replicated in many historic projects in the region. Regarding logistics and energy challenges in the Puna region, the company stated that project scale must be planned according to available resources and natural limitations must be recognized. The familiarity of local service providers with mining safety standards makes this sector a robust industry. The company emphasized that projects are built by communities and suppliers, with mining companies merely serving as the link to achieve this goal, thus ensuring that the added value of resources is localized and belongs to Argentina.
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