Company Highlights
- Portfolio of high-grade, large-scale polymetallic projects in the renowned Iberian Pyrite Belt, one of the most productive volcanogenic massive sulphide terranes in the world.
- Three high-grade polymetallic deposits: La Romanera, El Cura and La Infanta.
- Acquired 100 percent interest in the Nuevo Tintillo project in 2021, and is in the process of acquiring the Aznalcóllar project.
- Knowledgeable management team with a wealth of experience in exploration across the globe.
- Management holds approximately 12 percent of the company’s shares.
- Immediate, near and medium-term potential for the Iberian Belt West and Aznalcóllar projects.
- Emerita Resources owns more than 26,000 combined hectares in the heart of the Iberian Pyrite Belt
- The Iberian Belt West (IBW) project contains two high-grade cores, La Infanta (0.8 Mt) and La Romanera (11.2 Mt) with the potential to expand further
- NI 43-101 Mineral Resource Estimate is scheduled to be released in H1 2023 with an expected 18 to 20 million tonnes of 10 to 12 percent ZnEq across La Romanera and La Infanta
- Flagship IBW project is only 63 kilometers from the Neves-Corvo Mine (Lundin), 40 kilometers from the Aguas Teñidas Mine (MATSA/Sandfire), 59 kilometers from the world-famous Rio Tinto Mine, and 105 kilometers from the Minas Las Cruces Mine (First Quantum). IBW is also only 74 kilometers from the company’s Nuevo Tintillo site
Overview
Copper is one of the most used metals in the world and its value is constantly pointing toward a bull market. Although copper prices took a slight retreat in 2022, some forecasts show copper price could rise to an average of $9,580 per MT in 2023 and $10,400 per MT in 2026. Along with copper, zinc is a highly essential metal used in electric vehicles and other infrastructures.
In 2021, Spain exported copper ore worth $4.56 billion making it the world's 15th-largest copper ore exporter. Its zinc production also reached more than 90,000 MT in the same year.
Emerita Resources Corp. (TSXV:EMO; OTC:EMOTF; FRA:LLJA) is a Canadian natural resource company that acquires, explores and develops mineral properties in Spain. The company has a 100-percent interest in the Iberian Belt West (IBW) project and the Nuevo Tintillo project located in the famous Iberian Pyrite Belt in southern Spain.
The area is one of the most productive volcanogenic massive sulphide (VMS) terranes in the world, offering well-established infrastructure and ease of access. In March 2021, Spanish authorities declared underground mining a preferred economic development activity for the region. The European Union recently passed legislation that will mandate 10 percent to 40 percent of all mining, recycling and processing of critical raw materials used in the bloc must be done within the EU by 2030. Potentially deemed a “strategic project” by the EU, Emerita is positioned to benefit from a streamlined and predictable permitting process that will significantly reduce waiting times. This is in addition to the Spanish government’s previously announced commitment to growing the Iberian Pyrite Belt and designating underground mining as a strategically important activity.
In June 2021, Emerita was awarded the concessions of Nuevo Tintillo, located in the eastern part of the belt, in Seville province, between the world-class deposits of Aznacóllar, in the southeast, and Rio Tinto in the northwest. The project recently expanded to 14,500 hectares and was previously held by several major companies during the 1980s and 1990s, most recently by Boliden Apirsa.
Emerita is also currently in the process of acquiring the Aznalcóllar Project, a past-producing property within the Iberian Pyrite Belt that hosted open pit zinc-lead-silver mines.
Heading Emerita Resources’ management team is CEO David Gower and President Joaquin Merino-Marquez. Gower brings more than 20 years of experience in mineral exploration and has made brownfield discoveries at Raglan and Sudbury, Matagami, Falcondo and greenfield discoveries at Araguaia, Kabanga and Amazonas. Merino-Marquez is a professional geologist with more than 20 years of experience in the mining industry and has extensive international experience in South America, Europe and Asia-Pacific.
Company Highlights
- Portfolio of high-grade, large-scale polymetallic projects in the renowned Iberian Pyrite Belt, one of the most productive volcanogenic massive sulphide terranes in the world.
- Three high-grade polymetallic deposits: La Romanera, El Cura and La Infanta.
- Acquired 100 percent interest in the Nuevo Tintillo project in 2021, and is in the process of acquiring the Aznalcóllar project.
- Knowledgeable management team with a wealth of experience in exploration across the globe.
- Management holds approximately 12 percent of the company’s shares.
- Immediate, near and medium-term potential for the Iberian Belt West and Aznalcóllar projects.
- Emerita Resources owns more than 26,000 combined hectares in the heart of the Iberian Pyrite Belt
- The Iberian Belt West (IBW) project contains two high-grade cores, La Infanta (0.8 Mt) and La Romanera (11.2 Mt) with the potential to expand further
- NI 43-101 Mineral Resource Estimate is scheduled to be released in H1 2023 with an expected 18 to 20 million tonnes of 10 to 12 percent ZnEq across La Romanera and La Infanta
- Flagship IBW project is only 63 kilometers from the Neves-Corvo Mine (Lundin), 40 kilometers from the Aguas Teñidas Mine (MATSA/Sandfire), 59 kilometers from the world-famous Rio Tinto Mine, and 105 kilometers from the Minas Las Cruces Mine (First Quantum). IBW is also only 74 kilometers from the company’s Nuevo Tintillo site
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