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Culpeo Minerals
Exploring High-grade Outcropping Copper-Gold Projects in Chile
​Company Highlights
- Culpeo Minerals is an Australian exploration and development company focusing on its copper assets in underexplored copper districts in Chile.
- Chile is the world’s number one copper producer and also contains the highest copper reserves.
- The company’s flagship Lana Corina asset is a recent copper discovery and diamond drilling results include 257 meters @ 1.10 percent copper equivalenrt (CuEq) (refer ASX announcement 11 May 2022).
- The company holds 80 percent interest in the Fortuna project, located 10 kilometers north of Lana Corina, where seven outcropping prospects have been identified. Recent drilling at El Quillay North returned a near surface intercept of 26 meters @ 0.81 percentCuEq (ASX announcement 17th January 2024) El Quillay North is hosted within the larger El Quillay Fault which is over 3 kilometers long and hosts significant potential to expand on the success of this recent drilling.
- A management team with decades of experience throughout the natural resources industry in particular South America, leads the company towards fully capitalizing on its prospective assets.
Overview
Culpeo Minerals (ASX:CPO,OTCQB:CPORF) is a copper-focused Australian exploration and development company with a portfolio of Chilean assets. The company’s projects are focused on Chile’s Coastal Cordillera Belt, where the Lana Corina, Culpeo’s flagship asset, presents significant opportunities for further exploration with high-grade copper and molybdenum mineralization. ’–– The recent acquisition of the Fortuna Project just 10 kilometres north of Lana Corina has increased the company's exploration tenure by 400 percent and has enabled the company to identify multiple out-cropping copper targets.
Chile leads the world in copper production by a wide margin, contributing 28 percent of global copper production. Comparatively Peru, in second place, contributes less than half as much at 11 percent. Earning the top spot is partially a result of Chile’s natural deposits, but the country’s significant output is a testament to its mining-friendly regulations.
Exploration work at Lana Corina, to date, has returned high-grade assay results for both copper and molybdenum. Assays have indicated a grade of over 1 percent copper equivalent, and up to 15,000 parts per million (ppm) molybdenum. The presence of molybdenum creates an additional future revenue source and increases the value of the project.
Molybdenum is roughly ten times the value of copper by weight as it is a strategic metal used in industries that require durable steels, such as catalytic converters on vehicles and various military applications.
Lana Corina contains higher-than-average molybdenum grades, as is typically seen when co-occurring with copper, further enhancing the asset's potential. The company has already completed 7,000 meters of drilling on the project, with additional opportunities to increase the footprint of known mineralization.
Much of the company’s portfolio is within the Coastal Cordillera Belt, which hosts medium-sized, high-grade copper deposits estimated at 50 to 100 million tonnes at 1 percent copper equivalent. The copper within this belt is typically higher grade than the prolific copper porphyry deposits in the Andes.
In August 2023, Culpeo acquired an 80 percent interest in the Fortuna Project, approximately 10 kilometers north of its existing Lana Corina Copper and Molybdenum Project in the highly prospective Coastal Belt of Chile. The company later secured an additional tenement package at Fortuna, increasing its land package to 4,500 hectares.
A management team with expertise throughout the mining industry leads the company toward fully exploring its promising portfolio and increasing shareholder value.
Company Highlights
- Culpeo Minerals is an Australian exploration and development company focusing on its copper assets in underexplored copper districts in Chile.
- Chile is the world’s number one copper producer and also contains the highest copper reserves.
- The company’s flagship Lana Corina asset is a recent copper discovery and diamond drilling results include 257 meters @ 1.10 percent copper equivalenrt (CuEq) (refer ASX announcement 11 May 2022).
- The company holds 80 percent interest in the Fortuna project, located 10 kilometers north of Lana Corina, where seven outcropping prospects have been identified. Recent drilling at El Quillay North returned a near surface intercept of 26 meters @ 0.81 percentCuEq (ASX announcement 17th January 2024) El Quillay North is hosted within the larger El Quillay Fault which is over 3 kilometers long and hosts significant potential to expand on the success of this recent drilling.
- A management team with decades of experience throughout the natural resources industry in particular South America, leads the company towards fully capitalizing on its prospective assets.
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