LBC Gains 16% on High Vol, up 197% YTD w/ New Drill Program LBC.v is up 16% today on high volume putting it up 197% YTD.
Libero Copper & Gold Corp. (Ticker: LBC.v or LBCMF for US investors), a Canadian exploration company with a focus on copper and molybdenum, is strategically positioned to capitalize on rising copper demand.
UBS projects that copper prices will climb to an average of $10,500 per metric ton in 2025, reaching $11,000 in 2026.
Source: https://www.mining.com/web/ubs-expects-copper-price-to-average-10500-in-2025/The bank anticipates a copper supply deficit exceeding 200,000 tons by 2025 due to challenges faced by smelters and consistent demand from the energy transition, electric vehicles, and infrastructure sectors.
This favorable market backdrop bolsters Libero’s ambition to develop its flagship Mocoa Project in Colombia, targeting expanded resource potential.
The Mocoa Copper-Molybdenum Deposit, located in Putumayo, Colombia, is poised to become one of the region's most significant assets.
LBC recently launched a 14,000-meter drilling program to expand and test high-grade zones at the deposit, further building on the 2022 drilling results from hole MD-043, which intercepted 1,228.5 meters of 0.58% copper equivalent (CuEq).
LBC’s ongoing drilling aims to both expand the known resource and investigate depth extensions, with expectations of enhancing the overall value of the deposit amid rising copper prices.
The Mocoa currently holds an inferred resource of 636 million tonnes at 0.45% CuEq, containing approximately 4.6 billion pounds of copper and 511 million pounds of molybdenum.
The resource remains open in multiple directions, and recent work has identified additional porphyry targets for future drilling.
LBC’s fully operational Mocoa Camp, with infrastructure supporting up to 50 personnel, enables efficient resource expansion activities.
With copper's demand expected to soar, Libero Copper is well-positioned to meet the market's needs with its advancing resource base in Colombia.
More here: https://www.liberocopper.com/_resources/news/nr-20241016.pdf
Posted on behalf of Libero Copper & Gold Corp.