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Exeter Resource Corp.'s flagship Caspiche project is well located in Chile's Maricunga district, which has good infrastructure and is in close proximity to other large scale mining operations and projects in development. Caspiche has 2P ore reserves containing 19.3 Moz gold, 41.5 Moz silver and 4.62 Blb copper. Exeter has released a PEA for Caspiche that reviewed new, low capex, scaleable development alternatives including a 30 Ktpd heap-leach oxide gold project, producing a projected average of 122 Koz gold annually over a 10 year mine-life.