Demand for copper is expected to surge by 2050, driven largely by the global shift towards renewable energy, electrification, and green technologies. (Source: https://x.com/robert_ivanhoe/status/1852403593963548675)
As countries aim for net-zero emissions, the use of copper-intensive systems like electric vehicles (EVs), solar and wind energy installations, and modern infrastructure is set to grow substantially. Additionally, urbanization and population growth will increase demand for copper in construction and electronics. Factors influencing this trend include technological advancements in energy storage and transmission, potential supply constraints, geopolitical dynamics affecting mining regions, and environmental regulations that may reshape extraction and processing methods.
One company that stands to make a significant contribution to the copper supply deficit is Libero Copper (LBC.v LBMF) with an inferred mineral resource of 6.2 billion pounds of copper and 441 million pounds of molybdenum. On top of that they recently launched a major resource expansion program at their flagship Mocoa Porphyry Copper-Molybdenum Deposit in Colombia's Jurassic Copper Belt.
The 14,000-meter drilling campaign is part of a broader plan to expand and enhance the high-grade copper-molybdenum deposit and is focused on high-grade zones within the Mocoa deposit, targeting increasing the potential of these zones. Extensive reviews of previous drill holes and updates to geological models have led to a comprehensive plan for both step-out and in-fill activities to improve the understanding of copper and molybdenum distribution.
This drilling campaign is a crucial step in unlocking the full potential of the Mocoa deposit. The collaboration between LBC and local stakeholders demonstrates a commitment to responsible resource development, with significant attention to environmental and community concerns.
Full News Release: https://ca.finance.yahoo.com/news/libero-copper-advances-expansion-mocoa-113000147.html
Posted on Behalf of Libero Copper and Gold Corp.