Wojtek Wodzicki, President and CEO of NGEx Resources speaks on their copper-gold project in South America.
Chile has always been a great place for mining. So ,our Los Helados project which is our largest resource is located in Chile. Our Josemaria is just across the border in San Juan Province which is one of the most mining friendly provinces in Argentina. And there been really significant changes in, positive changes to national policy in Argentina and we see that as a great place to work going forward.
Our key focus is on advancing our Josemaria and Los Helados projects. So we’re at the PEA stage. What we’re working on now is further de-risking those projects. So we recently acquired the surface rights over Los Helados. We’re working on all of the environmental baseline work and really where our focus is right now is on setting those projects up for an eventual transaction where the larger company that will see the projects through to development.
This is one of the largest undeveloped copper gold projects in South America. It’s in the top 50 worldwide in terms of contained resources.
And I think it’s that combination of the resource base that we’ve, the exploration upside that we still see around these projects and the proximity to infrastructure that makes these projects unique. And as the copper price starts to recover now, I think projects; they are going to be at the forefront of the next generation of projects to be developed.
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