- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
Alvopetro Energy
Silver Crown Royalties
Ora Gold Limited
Atlantic Lithium
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
![Culpeo Minerals (ASX:CPO, OTCQB:CPORF)](https://investingnews.com/media-library/culpeo-minerals-asx-cpo-otcqb-cporf.png?id=50471969&width=1200&height=795)
Culpeo Minerals Investor Presentation
Advancing High-Grade Copper in Chile
Culpeo Minerals Limited (“Culpeo” or “the Company”) is pleased to release its investor presentation based on information available as of 30 July 2024.
Corporate Overview
Premier copper producing region globally
- Quality copper portfolio with multiple drill ready targets and development options.
- Targeting high-grade copper, critical for the energy transition.
- Strategically positioned at low altitude, near infrastructure, surrounded by Tier 1 assets.
- Lana Corina and Fortuna are ripe for development and highly prospective for copper, gold and molybdenum.
Click here for the full ASX Release
This article includes content from Culpeo Minerals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Culpeo Minerals Investor Kit
- Corporate info
- Insights
- Growth strategies
- Upcoming projects
GET YOUR FREE INVESTOR KIT
Culpeo Minerals
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.
Key Projects
Lana Corina Copper-Molybdenum Project
The Lana Corina project is within the Coastal Cordillera region in Chile. This past-producing asset is highly prospective to become a world-class project as exploration continues. Culpeo has already completed its maiden drill campaign and is now moving towards its Phase 2 drill campaign.
Project Highlights:
- High-grade Results: The inaugural drill campaign at the Lana Corina project indicates high-grade copper and molybdenum. The company is now moving towards its Phase 2 drill campaign. Assays from the maiden campaign include:
- ○257 meters @ 1.10 percent copper equivalent (CuEq) in CMLCD002 from 170 meters
- 173 meters @ 1.09 percent CuEq in CMLCD003 from 313 meters
- 169 meters @ 1.21 percent CuEq in CMLCD010 from 239 meters
- 104 meters @ 0.81 percent CuEq in CMLCD001 from 155 meters
- 81 meters @ 1.16 percent CuEq in CMLCD005 from 302 meters
- 72 meters @ 0.91 percent CuEq in CMLCD013 from 352 meters
- Historic Production: The project has historically produced 1 million tonnes of 1.5 percent to 2.5 percent copper. This significant production indicates what’s possible as Culpeo further explores the assets.
- Targets for Future Exploration: The company’s exploration campaigns and historical data have identified 18 additional regional targets for follow-up exploration and potential drilling.
Fortuna Project
Spanning 4,025 hectares, the Fortuna Project tenements are located 10 kilometers north of Lana Corina consisting of seven additional groups of prospects: La Florida, El Quillay North, El Quillay Central, Elquillay South, Vaca Muerta, Piedra Dura and Lucero. Extensive outcropping copper mineralisation and historic mining operations are present throughout the project area.
Historic channel sampling at drill-ready Vaca Muerta returned with 150 meters @ 1.31 percent copper equivalent (CuEq); 102 meters @ 1.25 percent CuEq; and 173 meters @ 0.86 percent CuEq. Fortuna also has four high-priority outcropping targets: Vaca Muerta, Piedra Dura, La Florida and El Quillay. Mine records show approximately 200,000 tonnes @ 2 percent copper extracted historically.
Management Team
Max Tuesley - Managing Director
Max Tuesley is a geologist with 30 years of experience in base metal/gold exploration and mining. He has a proven track record of successful project and team management, both within Australia and Internationally, working on projects in Mongolia, Sudan, Laos, and the Philippines. Tuesley spent seven years with Xstrata in senior management roles with a focus on its Australian Copper Operations, including the Ernest Henry IOCG project.
He holds a Bachelor of Science from The Queensland University of Technology and an Honors Degree in economic geology from James Cook University. He is a member of the AusIMM.
Geoff McNamara - Non-executive Chairman
Geoff McNamara has 30 years of international resource sector experience as a geologist, project manager, and fund manager. He previously worked in private equity (FUM US$800 million) and was director of Societe General’s mining finance team in New York. Operational roles included project manager, senior mine geologist, and mine geologist for Ivanhoe Mines, Lion Ore International, and Western Mining Corporation. McNamara is the co-founder of Tesoro Gold, where he also currently sits as non-executive director. Tesoro Gold discovered the El Zorro Gold Project in Chile.
Zeffron Reeves - Non-executive Director
Zeffron Reeves is a geologist with over 20 years of experience in the resource sector working on projects from greenfields exploration, discovery, definition and feasibility, construction, and production to closure.
Reeves is currently co-founder and managing director of Tesoro Resources, which recently discovered the highly prospective El Zorro gold project in Chile. He was also managing director of ASX-listed Kopore Metals (previously, Metallum), which also had some development and operational projects in Chile. He has held senior management positions with Cleveland Mining and Ashburton Minerals, developing projects in Brazil.
Reeves has a Bachelor of Applied Geology (Honors), and a Master of Business Administration from Curtin University, and is a member of the Australia Institute of Geoscientists.
Paul Schmiede - Non-executive Director
Paul Schmiede is a mining engineer with over 25 years experience in mining, exploration and business and corporate development. He has had direct exposure to gold and base metal commodities in a range of jurisdictions, including Australia, Burkina Faso and the Democratic Republic of Congo (DRC). He is currently vice-president of corporate development for TSX-V-listed Sarama Resources, which has development-stage gold assets in Burkina Faso. Prior to that, he was vice-president of operations and project development at Moto Goldmines, where he managed the pre-feasibility, bankable and definitive feasibility study for the more-than-22-million-ounce DRC-based Moto Gold Project (now Kibali Gold). Before joining Moto Goldmines, he held senior operational and management positions with Gold Fields Ltd and WMC Resources Ltd where he was responsible for underground and open pit operations as well as project development and planning.
Schmiede holds a first-class mine managers certificate (Western Australia), a Bachelor of Engineering (Mining) degree, and is a fellow of the Australasian Institute of Mining and Metallurgy.
Sergio Uribe - Country Manager
Sergio Uribe is an administrative, management and development professional with experience in Chile. He has worked on numerous resource projects from greenfield exploration, discovery, production, closure, retreatment, and tailings reclamation. Part of the development team with Fortescue Metals Group during the development of its Pilbara mining operations, he has 10 years of resource sector experience. Uribe has represented numerous foreign companies investing in resource projects in Chile and was the commercial manager of Metallum Chile, where he was involved in the acquisition and development of their operation in Chile. Before this, he was general manager of Acorn Mining Chile and country manager for Cleveland Mining Chile.
Uribe has a business management degree from Universidad del Desarrollo and is a member of the civil police and a military reserve officer.
Redstone Resources Quarterly Report for the Period Ending 30 June 2024
Redstone Resources Limited (ASX: RDS) (Redstone or the Company) is pleased to provide its quarterly report for the period ending 30 June 2024 (the Quarter).
WEST MUSGRAVE COPPER PROJECT (100% RDS) – WEST MUSGRAVE, WESTERN AUSTRALIA
- Core focus on advancing copper exploration strategy at 100% owned West Musgrave Project in WA
- Work programmes, permits and approvals are well advanced for next phase of exploration which will test copper targets nearby to high grade Tollu Cu deposit
- Near‐term plans include a single deep drillhole at the Chatsworth Prospect and follow‐up evaluation of anomalous copper at EM5 and surrounding target areas outside of Tollu.
- Redstone awarded EIS grant for up to $220,000 to assist with a potential single deep drill hole of approximately 1,000m underneath the currently defined Tollu Cu deposit.
- Previous drilling completed by Redstone at Tollu confirmed extremely high‐grade and continuouscopper mineralisation from significant depths and to the surface:
- Most recent drilling at Chatsworth Prospect intersected 11m at 1.2% Cu from only 29mdownhole (TLC205);
- Historical intersections at Chatsworth Prospect include grades of 3.4% Cu over 10m, including5m at 5.3% Cu from 427m deep (downhole)(TC80), still continue and are not closed out;
- Drilling at the Forio Prospect, which included the highest‐grade intersection ever recorded atTollu, being 1m at 18.5% Cu from 18m downhole (TLC203) within an intersection of 8m at 4.1% Cu from 13m downhole;
- Significant exploration upside with high‐grade mineralised zone at Forio now covering a60m strike length (north and south) of continuous high‐grade copper;
- High‐grade Forio copper zone extends all the way to the surface with lenses of Cu mineralisation up to 34m thick (downhole) with average grades always over 1% Cu (34m at 1.04% Cu from 15m downhole in TLC181).
- Discovery of new copper mineralising system: Early exploration drilling outside Tollu resource has highlighted the potential for a further copper mineralising system, with the discovery of 95m(downhole) of anomalous copper intersected from 66m downhole at the EM5 target (TLC170), some 7.2km northeast of the Tollu Copper deposit
- Prime exploration address: Located nearby to major BHP deposit and the recent Terra Metals Ltd (ASX: TM1) discovery of multiple Platreef‐Style copper‐platinum group element (PGE) reefs:
- Tollu located 40km east of BHP’s world‐class Nebo‐Babel Ni‐Cu‐Co‐PGE deposit ‐ estimated to have a resource of 390 million tonnes grading 0.33% copper and 0.30% nickel, for 1.2 million tonnes of contained nickel metal and 1.3 million tonnes of contained copper metal
- Positive signs from 2023 exploration campaign: Confirmed for the first time, the presence of a potential Ni‐Cu‐Co‐PGE host or source rocks at the West Musgrave Project.
- Significantly upgrades Ni‐Cu‐Co‐PGE prospectivity, especially considering the western boundary of the project area is only 40km east of the Nebo Babel (see Figure 1).
Click here for the full ASX Release
This article includes content from Redstone Resources, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Quarterly Activities Report for the Period Ending 30 June 2024
Australian battery minerals explorer, Firetail Resources Limited (“Firetail” or the “Company”) (ASX: FTL) is pleased to provide a summary of its activities for the three month period ending 30 June 2024.
- Strengthening of Copper Asset Portfolio with binding Option Agreement executed for the acquisition of up to 80% of York Harbour Copper-Zinc-Silver Project via a staged earn-in (Acquisition)1.
- The York Harbour Project is a Cyprus-style volcanogenic massive sulphide (VMS) exploration project, located 180km west-south-west of FireFly Metals Ltd (ASX:FFM) Green Bay Copper Project, in Newfoundland, Canada.
- Alongside the Acquisition, FTL raised approximately $1.64m (before costs) by way of a placement to strategic investors together with a non-renounceable entitlement issue to existing eligible shareholders1.
- Experienced Exploration & Mining Geologist Glenn Poole appointed as Chief Executive Officer2.
- Firetail satisfied the Peruvian Projects Stage 1 Performance Milestone through successful completion of a minimum 5,000m diamond drilling campaign at the Picha Copper Project, achieving mineralised intersection targets of over 10m at 2.5% Cu, with the best intercept comprising 2.81% over 13m1.
Commenting on the June Quarter, Executive Chairman, Brett Grosvenor, said:
“The last quarter was of strategic importance to Firetail, as we were able to increase copper exposure with the the acquisition of the York Harbour Project. The York Harbour project was chosen for advanced exploration and its potential to enhance shareholder value, in line with the Board’s vision of securing high-quality copper assets in Tier 1 locations.
“With a portfolio of high quality assets, we were able to attract a high calibre CEO into the business with the appointment of Glenn to Firetail's team. We can now ensure that we have the right in house technical expertise to advance these assets and deliver on our strategy and unlock value for shareholders.
“Furthermore, Firetail achieved a significant milestone with 5,000m of drilling completed at the Picha Copper Project, having intersected promising grades of 2.8% Cu over a 13m interval. This success underscores the prospectivity of the project, prompting further exploration to realise the project’s full potential“
Click here for the full ASX ReleaseThis article includes content from Firetail Resources, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.Quarterly Activities Report for the Period Ending 30 June 2024
Deep Yellow Limited (Deep Yellow or Company) is pleased to provide a summary of key activities completed in the June 2024 quarter.
Tumas Project
- Ausenco Services Pty Ltd selected as preferred EPCM contractor for the flagship Tumas Project
- Scope of work to be completed includes finalising detailed engineering with an EPCM contract opportunity for project execution
- Project remains scheduled for commissioning Q3 2026
- Resource upgrade drilling at Tumas 3 completed with data preparation underway for release of updated Mineral Resource Estimate early August
- Post Quarter – Nedbank Limited mandated as lead arranger and bookrunner for project financing
Mulga Rock Project
- Hydrological drilling program commenced to define water management parameters for mining
- Several remaining evaluation programs underway, results to be key inputs for the revised DFS
- Resin pilot program commenced for optimisation of uranium and critical minerals extraction
- Mining study underway to determine optimal method for development of the multi-commodity mining operation and revised Ore Reserve Estimate
Corporate
- Deep Yellow enters the S&P/ASX 200 Index
- Successful A$250M capital raising completed
- Cash position – A$257.5M
FLAGSHIP TUMAS PROJECT (Namibia)
Development Status
Significant progress has been made on the development of the Tumas Project (Tumas or the Project), which remains the primary focus of the Company.
Ausenco Services Pty Ltd was selected as the preferred EPCM contractor for the Project and appointed to undertake the Engineering, Procurement and Construction Management (EPCM) services in two phases. The first phase involves completing sufficient detailed engineering to allow the Board to make a Final Investment Decision (FID) as well as a range of early works requirements and major equipment ordering prior to FID. The second phase of the engagement comprises the completion of design and project execution, with ore commissioning scheduled for August 2026.
Click here for the full ASX Release
This article includes content from Deep Yellow, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Tennant Minerals Ltd Quarterly Activities Report
FortheQuarterEnded30June2024
Tennant Minerals Limited (“Tennant” or “the Company”) remained focused on its 100%-owned Barkly Project in the Northern Territory and the high-grade Bluebird Copper Gold discovery (“Bluebird”) during the Quarter ended 30 June 2024 (“the Quarter”). Bluebird is considered to be one of the most significant discoveries of Tennant Creek style iron-oxide hosted copper-gold mineralisation in over 20 years.
The Company commenced the 2024 exploration season during the Quarter and completed a drilling program which comprised of 22 reverse circulation (RC) drillholes for 6,253m. The drilling successfully tested the eastern and western extents of the known high-grade copper-gold mineralisation at Bluebird and included the first new step out drilling towards the prospective Perseverance targets located 1.5km to the west of Bluebird.
Samples from the drilling program have been submitted to Perth Laboratories and assay results will be collated and reported to the market on receipt.
During the Quarter, the Company received further results from ongoing metallurgical test-work of diamond drill core samples from Bluebird. Results from flotation test-work on bulk-samples from Bluebird diamond core holes BBDD0045 and BBDD0046, have confirmed excellent flotation recoveries and high-concentrate grades of copper (Cu) and gold (Au). Concentrate grades of up to of 29.6 % Cu and 3.96 g/t Au exceeded commercial benchmarks, while recovering 94.4% of Cu and 75.8% of Au.
The Company completed a successful capital raising of $4.78M at the start of the Quarter. The placement was strongly supported and ensures the Company can actively pursue its exploration drilling activity during 2024.
Tennant Minerals CEO, Vincent Algar, commented on the Quarterly progress:
“The completion of our first drilling program of 2024 has provided us with multiple new opportunities to grow Bluebird to the east and west as well as test for repeats of this exciting copper-gold discovery within the 2.5km strike-length Bluebird-Perseverance corridor, of which only 500m has been tested to date.
“The attraction of Bluebird and the potential for new discoveries in the 100% owned Barkly tenements, occurs at a time when investors can benefit from the global rise in demand for copper, and strong pricing for both copper and gold.
“This year’s drilling and field programs will be transformational for the Company as we progress towards defining a maiden Mineral Resource and commencement of development studies. All metallurgical test work has exceeded expectations. These activities will continue to define Tennant Minerals as a key player in the rejuvenated Tennant Creek Mineral Field – a field that has already produced over 5.5Moz of gold and 700kt of copper.”
Click here for the full ASX Release
This article includes content from Tennant Minerals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Quarterly Appendix 5B Cash Flow Report
Basin Energy Limited (ASX:BSN) (‘Basin’ or the ‘Company’) is pleased to release its Quarterly Cash Flow Report for the period ended June 30, 2024.
Click here for the full ASX Release
This article includes content from Basin Energy, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Quarterly Activities Report for the Period Ending 30 June 2024
Basin Energy Limited (ASX:BSN) (‘Basin’ or the ‘Company’) is pleased to provide an overview of activities for the period ending 30 June 2024 (‘Quarter’, ‘Reporting Period’) and an accompanying Appendix 5B.
Key Highlights
- Completion of exploration programs and preliminary results received for all three of Basin’s Athabasca uranium properties including:
- Phase 2 exploration drilling at Geikie
- Ground geophysics at Marshall and North Millennium
- Continued engagement and consultation with stakeholder groups
- U3O8 spot price1 stable in US$80/Lb - US$85/Lb range
Phase 2 exploration drilling at the Geikie Project (‘Geikie’) identified a 1.5km zone of alteration typical of basement-hosted mineralisation comparable to multiple world class uranium deposits. Results from the maiden ground electromagnetic surveys at the North Millennium and Marshall projects (‘North Millennium’, ‘Marshall’) were received, with significant conductive anomalies identified at Marshall, located above and below the unconformity, consistent with the regional exploration model.
The treasury was $2.5 million at the end of the Reporting Period.
Basin’s Managing Director, Pete Moorhouse, commented:
“Basin is highly encouraged by the drilling results at Geikie and geophysics at Marshall, and we remain committed to advancing these exploration targets in a scientific and system manner.
The fundamentals behind the uranium market remain strong, whilst spot price has stabilised, we have seen a steady increase in the long price underpinned by a shift to nuclear power globally for clean stable energy.
The recent entry into the Athabasca by ASX listed Paladin Energy Limited furthers enhances the appetite for quality uranium deposits in this jurisdiction, which are only found through exploration.
Basin is in a strong position with $2.5 million remaining in the treasury allowing continued work.”
Click here for the full ASX Release
This article includes content from Basin Energy, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Latest News
Culpeo Minerals Investor Kit
- Corporate info
- Insights
- Growth strategies
- Upcoming projects
GET YOUR FREE INVESTOR KIT
Latest Press Releases
Related News
TOP STOCKS
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.