LBC @ Beaver Creek Precious Metals Summit Amid a dynamic copper market and looming supply deficit, Libero Copper (LBC.v LBMF) is focused on developing the Mocoa copper-molybdenum project in the Jurassic Copper Belt as detailed during the company's presentation at the 2024 Beaver Creek Precious Metals Summit this week: https://www.gowebcasting.com/events/precious-metals-summit-conferences-llc/2024/09/12/libero-copper-gold/play/stream/38893
Mocoa Project Highlights
- Key Resource: The Mocoa deposit contains 4.6 billion pounds of copper, with an inferred resource of 636 million tonnes at 0.45% copper equivalent (CuEq), including 2.1 million tonnes of copper and 232,000 tonnes of molybdenum.
- Geological Details: A porphyry copper-molybdenum deposit located at an altitude of 1,300-1,600 masl in Colombia. It is part of the larger Jurassic Copper Belt, a prolific region known for significant copper resources.
- Resource Estimate: Mocoa has an inferred resource of 636 million tonnes at 0.45% CuEq, containing 2.1 million tonnes of copper and 232,000 tonnes of molybdenum.
- Expansion Potential: The deposit is open laterally and at depth, offering room for further exploration and resource growth.
Strategic Position and Market Potential
- Copper Market: Libero Copper positions itself as a future key player in the copper market, which is anticipated to grow due to increasing demand from the global energy transition (clean energy technologies, electric vehicles, etc.).
- Financing: The company has a strong financial base, with recent successful capital raises amounting to $5.9 million in early 2024, and strong support from the Fiore Group for future growth.
- Local and Environmental Engagement: Libero Copper is actively working with local communities in Putumayo, engaging in water quality monitoring and providing local jobs, while ensuring compliance with Colombia’s environmental regulations.
- CEO: Ian Harris, a mining engineer with 25 years of experience, has previously led large-scale mine development projects in South America.
- Frank Giustra: A major shareholder through the Fiore Group, a firm known for investing in successful mining ventures such as Aris Mining and Wheaton Precious Metals.
Aiming to leverage the rising demand for copper and positioning itself as a major player in the energy transition, LBC is focused on developing Mocoa into a large-scale copper mine, contributing significantly to the world’s copper supply, while ensuring local community engagement and environmental stewardship.
Posted on Behalf of Libero Copper and Gold Corp.