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  • Ms. Christine Nicolau has been appointed to Candente’s Board of Directors, representing Fortescue Metals Group Ltd
  • Ms. Nicolau is Fortescue’s General Manager of Metals, Latin America
  • Ms. Nicolau is responsible for Fortescue’s South American minerals business including exploration and project development
  • The Desk Top Conceptual Study to identify opportunities for Cañariaco Norte to be built as a smaller higher-grade project is near completion
  • Candente Copper is a mineral exploration company
  • Candente Copper (DNT) is down 6.25 per cent, trading at C$0.15 per share at 1:30 pm ET

Candente Copper (DNT) has appointed Ms. Christine Nicolau to the board of directors, representing Fortescue Metals Group Ltd, a Candente shareholder.

Ms. Nicolau replaces Fortescue’s current board representative, Mr. Agustin Pichot, who has stepped down from the board due to other commitments.

Ms. Nicolau is the General Manager of Metals, Latin America, for Fortescue. Ms. Nicolau is responsible for Fortescue’s South American minerals business including exploration, project development and other growth activities. She is also responsible for the identification of metals growth opportunities across the South America region.

Ms. Nicolau has been with Fortescue for over 10 years. During this time, she has held a range of management positions including, Manager Corporate Development of Fortescue. Ms. Nicolau is based in Buenos Aires, Argentina.

The company would also like to advise that the Desk Top Conceptual Study underway by Ausenco is expected to be completed within 10 days. The mandate of the study is to identify opportunities for Cañariaco Norte to be built as a smaller higher-grade project with lower initial capital expenditure (“CapEx”) and an accelerated payback period.

“We are very excited to know all the opportunities Cañariaco has both to be built as a smaller project for a lower initial capital expenditure and also other aspects which could benefit a larger project,” stated Joanne Freeze, President and CEO.

Candente Copper is a mineral exploration company engaged in the acquisition, exploration, and development of mineral properties.

The company is currently focused on its 100% owned Cañariaco project, which includes the feasibility stage Cañariaco Norte deposit as well as the Cañariaco Sur deposit and Quebrada Verde prospect, located within the western Cordillera of the Peruvian Andes in the Department of Lambayeque in Northern Peru.

Candente Copper (DNT) is down 6.25 per cent, trading at C$0.15 per share at 1:30 pm ET.

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