The 100% owned La Rica property comprises 17,700 hectares covered by 100% owned licenses with no attached royalty. Located in the Apurimac Province, this project is positioned 80 kilometers southwest of Cuzco, 45 kilometers northwest of the Las Bambas Mine and approximately 30 kilometers southwest of Cotabambas. This strategic location within the prolific southern Peru skarn belt positions the project favorably for potential synergies and opportunities, promising a robust foundation for exploration and future endeavors in the mining sector.
Highly prospective: Compelling geological similarities to the Las Bambas Mine complex:
- Las Bambas copper mine operated by MMG with planned 300,000 – 320,000 tpa copper production from concentrates. (source MMG website)
- 2016-2017 artisanal discovery of sub-cropping high-grade breccia and skarn with surface sample results of up to 7.2% Cu.
- Evaluation of Surface Title Ownership complete Q1 2022.
