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- Unique location at the center of an historic mining cluster undergoing a process of consolidation
- Significant scale with 170 million tons of material and massive overground resource
- 42.9 Million ounces of silver inferred with NI 43-101 certification at the outset with significant upside
- Strong social license and support from local authorities combined with commitment to ESG principles
- Unique knowledge led by management with firsthand experience of Cerro de Pasco
- Near term production objectives and low initial capital requirements based on conservative assumptions
The El Metalurgista concession is uniquely situated adjacent to the historic Cerro de Pasco mining operation and at close distance to several mining operations with excess capacity, capable of processing material. The company has various alternatives open to it and is actively evaluating potential acquisitions and strategic alliances.
The concession has significant scale, extending across the Quiulacocha tailings and Excelsior stockpile with over 170 million tons of material and a massive overground resource originating from one of the world’s largest and most prolific mining operations during the best part of a century.
The recently-filed NI 43-101 Technical Report for the Excelsior stockpile alone exposes an Inferred Mineral Resource of 42.9 Million Ounces of Silver. Further studies currently at the permitting stage, will initially focus on confirming the scale and composition of resource at the Quiulacocha tailings situated below the Excelsior stockpile.
The company has secured a social license from the local Quiulacocha rural community, recently confirmed by the Ministry of Energy and Mines and is supported by the authorities and communities across the whole of Cerro de Pasco in view of the company management’s unique experience in the Cerro de Pasco Region, past history of success in optimization and strong commitment to improving the quality of life of the local population on a sustainable basis.
Management is led by top experts with incomparable knowledge based on first-hand experience working and studying Cerro de Pasco.
Timing coincides with the need to consolidate various mining operations in the geological area. During the expected transition period, readily available overground resource is will be of critical importance.
Business projections are premised on conservative assumptions. Capital requirements are initially relatively low by virtue of the availability of overground resource.