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Libero Copper & Gold Corp V.LBC

Alternate Symbol(s):  LBCMF

Libero Copper & Gold Corporation is a mineral exploration company. The Company is focused on the exploration and development of the Mocoa porphyry copper-molybdenum deposit (Mocoa) in Colombia and the Esperanza (Esperanza) porphyry copper-gold project in San Juan, Argentina. The Mocoa property is located approximately 10 kilometers from the town of Mocoa, covering over 100,000 hectares, near the Ecuador border, in the Eastern Cordillera of Colombia. The Esperanza is located in the Huachi Mining district, San Juan Province, Argentina at an elevation of only 3,200 meters. Its Big Red Porphyry Copper Project comprises 20 contiguous claims totaling 26,000 hectares in northwestern British Columbia, 45 kilometers southwest of Telegraph Creek along the Barrington Road. The Big Bulk Porphyry Gold-Copper Project is located 50 kilometers southeast of Stewart, British Columbia in the Golden Triangle.


TSXV:LBC - Post by User

Post by Justdosomeddon Mar 30, 2023 1:57pm
104 Views
Post# 35369783

Copper Production Struggles Despite Demand Growth

Copper Production Struggles Despite Demand Growth
We’ve seen copper output take a hit over the past few months as social unrest, weather challenges, and lower grades have plagued the industry despite demand for copper being near all-time highs due to the green energy transition. Numerous companies have already lowered their production output, but that has impacted copper prices with current spot prices being 20% high than they were just 6 months ago.
 
https://www.mining.com/web/glencore-2022-copper-output-falls-sticks-to-2023-outlook/
 
With all of this demand and limited supply, it’s an interesting space to be as an exploration-stage copper company. $LBC.V is especially interesting here.
 
- Recently closed a $2.5M financing round which we should see being used for exploration at Mocoa and Esperanza.
- Mocoa is a Colombian copper and molybdenum project with inferred resource 0.45% CuEq2 (0.33% Cu and 0.038% Mo) containing 2.1 Mt Cu and 232 kt Mo
- Esperanza in Argentina is a copper and gold project in a slightly earlier stage than Mocoa but has had historical drilling results yielding extended deposits of 387m at 0.57% Cu and 0.27g/t Au (from the surface) 232m of 0.74% Cu and 0.33 g/t Au.
 
With a market cap of just $14M, there’s a lot of potential to look out for here especially considering the strong management team and the relationships they’ve built with the local communities and governments within proximity of their projects.
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