Copper is poised for a historic demand surge, with global requirements projected to grow by 22.1 million metric tons (Mt) between 2021 and 2050, representing a 70% increase. This growth is fueled by the electrification of energy systems, renewable energy expansion, and infrastructure needs. However, supply challenges loom as major copper discoveries become increasingly rare. This creates a significant opportunity for companies like Libero Copper & Gold Corp. (Ticker: LBC.v or LBCMF for US investors).
More: https://www.miningvisuals.com/post/copper-demand-in-2050
The Mocoa Project: A Flagship Asset in Copper-Rich Colombia
Libero Copper’s flagship Mocoa Project, located in Colombia’s Putumayo region, stands out as a critical asset in addressing the looming copper supply gap. Situated in the prolific Jurassic porphyry belt, the Mocoa Project spans over 1,000 km² and has demonstrated immense potential since its discovery in 1973. Highlights from previous drilling campaigns include:
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A key intercept of 1,228.5m grading 0.58% CuEq, showcasing the deposit’s scale.
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Significant resource potential with open extensions along strike and at depth.
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Advanced geochemical and geophysical analyses identifying additional porphyry targets for expansion.
Accelerated Drilling Program
Libero Copper is actively advancing a 14,000m drilling program, which is nearly 50% larger than all previous drilling efforts at Mocoa. This initiative focuses on:
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Infill and Step-Out Drilling: Expanding the current resource base and verifying newly identified targets.
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Targeting New Discoveries: Aiming to unlock additional resource potential within the expansive project area.
Regulatory Progress Enhances Development Potential
A critical milestone was recently achieved when Colombian authorities updated land records to exclude Mocoa’s mineral resource area from a forest reserve established in 1984. This regulatory clarity provides Libero Copper with a streamlined path for exploration and development, aligning with Colombia’s mining and sustainability standards.
Positioned to Meet Soaring Copper Demand
With copper supply struggling to keep pace with demand, the Mocoa Project offers a unique value proposition. Its large-scale potential, robust drilling campaign, and regulatory progress position Libero Copper as a compelling investment opportunity in the copper sector.
More: https://www.liberocopper.com/_resources/news/nr-20241112.pdf
Posted on behalf of Libero Copper & Gold Corp.