Copper is a critical metal used in various industries, including electronics, construction, and renewable energy. With the global push toward clean energy solutions, demand for copper is expected to rise significantly. Electric vehicles, wind turbines, and solar panels all rely on copper wiring and components. As these sectors expand, so does the need for copper.
https://energy.economictimes.indiatimes.com/news/renewable/copper-demand-to-rise-significantly-with-shift-to-cleaner-energy-sources-hcl-cmd-sharma/111316852
Libero Copper & Gold Corporation (Ticker: LBC.v or LBCMF for US investors) is a mineral exploration company with a focus on the Mocoa copper-molybdenum porphyry deposit in Putumayo, Colombia. The Mocoa project has significant potential due to its impressive mineral content.
The Mocoa deposit, located in the Putumayo department of Colombia, approximately 10 kilometers from the town of Mocoa, was discovered in 1973 during a regional stream geochemical survey conducted by the United Nations and the Colombian government.
Between 1978 and 1983, an extensive exploration program was carried out, including geological mapping, surface sampling, ground geophysics, 31 diamond drill holes totaling 18,321 meters, and metallurgical test work, which culminated in a positive non-compliant pre-feasibility study.
The deposit holds a pit-constrained inferred resource of 636 million tonnes at a 0.45% copper equivalent, containing 4.6 billion pounds of copper and 511 million pounds of molybdenum, calculated using prices of $3 per pound of copper and $10 per pound of molybdenum.
Mocoa is the largest copper resource in Colombia and ranks among the world’s largest undeveloped molybdenum deposits. As Libero Copper continues to explore the Mocoa deposit additional drilling campaigns and resource delineation efforts could lead to further resource upgrades.
Colombia offers a favorable regulatory environment for mining companies and Libero Copper is expected to continue to benefit from this supportive framework as it advances the Mocoa project.
Moreover, the company’s strong relationships with local communities contribute to successful project development.
More here: https://www.liberocopper.com/projects/mocoa/overview/
Posted on behalf of Libero Copper & Gold Corp.