Culpeo Minerals Ltd (ASX:CPO) is a Chilean copper company focused on the exploration & development of its Las Petacas project. The Petacas project is a district scale iron-oxide copper gold (IOCG), with 54 historic diamond drill holes, 6km of outcropping copper and is open in all directions. Culpeo has the right to acquire up to 85% interest in the Petacas and Quelon Projects.
Why we like:
Tier one mining jurisdiction: Asset located in Chile, World’s No. 1 Global Cu Producer, 15km from Lundin Mining’s Candelaria Mine
Upcoming news flow: upon successful IPO, up to 5,000m of diamond drilling is planned at Petacas to infill /extend proven mineralisation & test new targets. Geophysics, magnetics & gravity surveys have already been completed
Copper: focused on the exploration & development of copper, a commodity which has seen significant investor appetite over recent times & this is expected to continue due to global economic fundamentals and on the growth of the EV story
Exploration upside: significant exploration upside with limited exploration on Petacas to date. Fund raising to be contributed directly to the exploration & development of Petacas and Quelon
Current market conditions: many Metals & Mining companies listed on the ASX have experienced re-ratings over the past 12 months due to increased investor appetite in the space; Culpeo aims to benefit from this
Board and management: strong Board & management team with significant experience within the Metals & Mining sector and significant Chilean country expertise with an excellent in-country network. All these elements enable the company to gain access to quality assets in a non-competitive environment. We leverage the experience and relationships developed over 10 years in-country to deliver low cost and effective discovery and resource growth
