Title: Ero Copper Xavantina Operations Mineral Reserve & Resource Estimates Update
VANCOUVER, British Columbia – Ero Copper Corp. has recently announced an update on its mineral reserve and resource estimates for its Xavantina Operations in Mato Grosso State, Brazil. This update includes drilling activities and mining depletion on the properties through June 30, 2024.
### Significant Increase in Mineral Reserves and Resources
The updated estimates show a 19% increase in proven and probable mineral reserves compared to the 2023 estimate, with a remarkable 24% increase at the Santo Antônio Vein. The compound annual growth rate for proven and probable mineral reserves from 2018 to 2024 is approximately 62%.
Moreover, there is a 26% increase in measured and indicated mineral resources, inclusive of mineral reserves, compared to the 2023 estimate, with a 31% increase at the Santo Antônio Vein. The excess mill capacity of approximately 25% offers further expansion potential in the near- and medium-term.
### CEO’s Excitement and Vision for the Future
David Strang, Chief Executive Officer of Ero Copper, expressed his excitement about the ongoing exploration program at the Xavantina Operations, stating, “Our dual strategy remains focused on extending mine life and discovering new vein structures to expand mine and mill feed, enabling us to fully utilize the mill’s installed capacity of up to 300,000 tonnes per annum.”
### Expert Commentary and Technical Information
The 2024 mineral reserve and resource estimates were prepared in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Standards for Mineral Resources and Mineral Reserves. Mr. Cid Gonçalves Monteiro Filho, a qualified person, supervised and verified the scientific and technical information contained in the press release.
### About Ero Copper Corp.
Ero Copper is a high-margin, high-growth copper producer with operations in Brazil. The Company’s primary assets include the Caraíba Operations in Bahia State, the Tucumã Operation in Pará State, and the Xavantina Operations in Mato Grosso State. Ero Copper is publicly traded on the Toronto Stock Exchange and the New York Stock Exchange.
For more information, please contact Courtney Lynn, SVP of Corporate Development, Investor Relations & Sustainability at info@erocopper.com.
This article highlights the significant increase in mineral reserves and resources at Ero Copper’s Xavantina Operations, providing insights into the company’s strategic vision and future prospects. David Strang’s enthusiasm for the ongoing exploration program adds a personal touch to the technical details, making the complex information more engaging and relatable to readers.
