NGEx Minerals: Looking to Supply Copper in the Midst of a Shortage
Stocks to Invest in: Copper
NGEx Minerals is a company engaged in the acquisition, exploration and development of mineral properties in South America.
Copper is an essential metal in the global energy transition. However, like other critical minerals, copper has been facing a supply shortage and NGEx is looking to supply some of that demand. Their numbers are backing it up with a current resource of 2 billion tonnes at about 0.5% copper equivalent with another billion tonnes in the inferred category.
"Our key project is Los Helados, which is located in Chile, and it's one of the largest undeveloped copper gold deposits in the world." - President & CEO, Wojtek Wodzicki
Los Helados is a copper-gold porphyry deposit discovered by NGEx Resources in 2008. It is one of the largest grassroots copper-gold discoveries made in the last decade and is one of the largest undeveloped copper-gold resources in the world.
The deposit is well located with respect to existing mining infrastructure at the Caserones Mine, which is operated by the project's 36% partner, and 10 km from the Lundin Group's Josemaria Project which is under development in neighbouring Argentina. Metallurgical test work indicates that Los Helados would produce a high-quality precious metal-rich copper concentrate.
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