In a recent interview, Ian Harris, CEO of Libero Copper (LBC.v, LBCMF), provided an update on the current dynamics of the copper market, highlighting challenges in copper supply and exploration.
The discussion also shed light on Libero's ongoing 14,000-meter drilling program at its Mocoa Porphyry Copper-Molybdenum Deposit in Colombia's Jurassic Copper Belt, underscoring its approach to capitalizing on evolving market needs.
The drill program is focused on infill drilling, resource expansion, and testing new targets identified in recent surveys.
It aims to expand the Mocoa resource base, currently estimated at 636 million tonnes grading 0.45% CuEq. Libero aims to create an adaptable project that can meet increasing copper demand.
Despite fluctuations in demand for other minerals, copper remains a high-demand commodity, driven by the global energy transition and advancements in AI. These factors contribute to a persistent tightness in copper supply.
The decreasing rate of new copper discoveries is a pressing issue, compounded by the fact that many existing deposits require deeper and more expensive extraction.
The long-standing underinvestment in exploration has made new, scalable projects crucial for addressing this supply gap.
Full interview available here:
Posted on behalf of Libero Copper & Gold Corp.