Ero Copper's Furnas Copper-Gold Project: A New Chapter in Brazilian Mining

Ero Copper Corp. (TSX: ERO, NYSE: ERO) has taken a significant step forward in its expansion strategy with the filing of the Technical Report for the Furnas Copper-Gold Project. This report, prepared in accordance with the Canadian Securities Administrator’s National Instrument 43-101, outlines the initial National Instrument 43-101 compliant mineral resource estimate for the project, which was previously announced on October 2, 2024. The Technical Report is now available on the Company’s website, SEDAR+, and will be filed on EDGAR.

The Furnas Copper-Gold Project, located in the Carajás Mineral Province in Pará State, Brazil, holds immense potential for Ero Copper. The project, earned through a definitive earn-in agreement with Vale Base Metals, has a NI 43-101 compliant mineral resource estimate of 3.1 billion pounds of copper and 1.8 million ounces of gold. The project boasts a post-tax net present value (NPV) of $1.2 billion at an 8% discount rate, with an internal rate of return (IRR) of 25% and a payback period of 4.5 years.

The Technical Report provides valuable insights into the project’s economic viability, operational milestones, and environmental and social impacts. The report’s findings confirm the initial mineral resource estimate, offering investors confidence in the project’s potential. The significant copper and gold resources, along with the project’s attractive economics, position the Furnas Copper-Gold Project as a strategic addition to Ero Copper’s portfolio.

The project’s proximity to existing infrastructure and Vale Base Metals’ involvement further enhance its strategic value. Expansion plans may include further exploration, development, and potential mining activities, which could lead to increased copper and gold production. This could positively impact Ero Copper’s financial outlook, as higher production could drive revenue growth and improve profitability.



The Technical Report’s evaluation of the Furnas Copper-Gold Project’s environmental and social impacts is another crucial aspect. The report outlines measures to mitigate environmental impacts, such as water management strategies, waste disposal plans, and biodiversity conservation efforts. These initiatives align with Ero Copper’s corporate responsibility and sustainability goals, indicating a proactive approach to minimizing the project’s environmental footprint.

Moreover, the report assesses the social impacts of the project, including potential effects on local communities and indigenous peoples. By engaging with stakeholders and implementing community development programs, Ero Copper aims to create positive social outcomes and foster a harmonious relationship with affected communities.

In conclusion, the Technical Report for the Furnas Copper-Gold Project underscores Ero Copper’s strategic expansion into the Carajás Mineral Province. The project’s significant mineral resources, attractive economics, and potential for expansion position it as a key driver of Ero Copper’s long-term growth. The Company’s commitment to responsible mining practices and sustainable development further enhances the project’s appeal. As Ero Copper continues to execute its growth strategy, investors should closely monitor the progress of the Furnas Copper-Gold Project and its potential impact on the Company’s production and financial outlook.