At the 2024 Precious Metal Summit, Frank Giustra, CEO of the Fiore Group, discussed his focus on building multi-asset mining companies through a "buy and build" strategy: https://www.youtube.com/watch?v=rivswbFfTwA
Giustra emphasized the need for consolidation in the junior mining sector, as small, single-asset companies struggle to attract investors. He expects gold and silver prices to rise, driven by rate cuts and industrial demand, and plans to expand his gold, silver, and copper ventures through strategic acquisitions.
The Next Copper Giant
Notably, Giustra highlighted his involvement with Libero Copper (LBC.v LBMF) in this interview, detailing his intention to expand it into a multi-asset copper company as he sees potential in the company's ability to grow beyond its current scope.
Currently, Libero Copper (LBC.v LBMF) is focused on developing the Mocoa copper-molybdenum project in Colombia's Jurassic Copper Belt, a prolific region known for significant copper resources.
The 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.
Aiming to leverage the rising demand for copper and positioning itself as a major player in the energy transition, LBC's focused on developing Mocoa into a large-scale copper mine positions them to significantly contributing to the world’s copper supply, while ensuring local community engagement and environmental stewardship.
For more information, refer to 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
Posted on Behalf of Libero Copper and Gold Corp.