Filo del Sol, on the border of Argentina and Chile, is a high-sulphidation epithermal copper-gold-silver deposit associated with a large porphyry copper-gold system.
Realized
Filo Corp
Filo is on track to grow into one of the largest and most important district copper discoveries in recent decades
Located in the emerging giant Vicuña district, Filo is developing into a major copper district discovery. Due to the project’s huge potential, it was recently bought by BHP and Lundin Mining for CAD 4.1B post-CD Capital exit, demonstrating the investment’s true long-term nature.
3.5 year holding period
12x gross multiple on invested capital
176% gross IRR
Geologists examining copper mineralisation at the project site
“We are appreciative for the support from CD Capital, who again believed in the vision of a Lundin Group entity in its early days.
The equity participation alongside the family at the beginning of COVID in 2020 allowed us to continue to advance Filo del Sol into what is turning into truly a world class discovery.
I would also like to extend a special thanks to CD Capital’s Founder & CEO, Carmel Daniele, for her continued valuable contributions as a Board member of Filo Mining. It has been an amazing journey and we will continue to unlock more value from this fantastic asset. We look forward to creating further value for CD Capital investors on current and future ventures within the Lundin Group.”
Adam Lundin, 2023