Libero Copper & Gold Corp V.LBC

LBC's Ian Harris on Resource Stock Digest

[MarketMakerss]

Joining Resource Stock Digest, Libero Copper's (LBC.v LBCMF) CEO, Ian Harris, detailed the company's recent developments and flagship Mocoa Copper-Molybdenum project where a 14,000m drill program is currently underway: https://www.youtube.com/watch?v=RkKWCZcSQAY

 

Market Context:

• Gold prices are above $2,700.
• China's upcoming stimulus is expected to be bullish for copper.
• Midterm copper deficits are anticipated, enhancing the strategic value of copper projects like Mocoa.

 

Drilling Program:

• A 14,000-meter drilling program is underway at Mocoa, representing a 50% increase in drilling compared to prior efforts.
• This program aims to expand the resource (currently over 600 million tons with 4 billion pounds of copper) and explore additional targets, potentially doubling or tripling the deposit size.
• The work includes geochemical and geophysical analysis, defining targets, and advancing a detailed geological model.

 

Resource & Expansion:

• Mocoa’s size and scalability make it a significant asset, attractive to major players looking for large, expandable mines.
• The project is poised to address copper demand with its potential for substantial expansion.

 

Operational Excellence:

• The company benefits from rapid assay turnaround times in Colombia, often under two weeks.
• A consistent news flow of drilling results is expected on a monthly basis, maintaining market interest.

 

Strategic Positioning:

• Libero Copper & Gold has built a strong local and national reputation in Colombia, overcoming political challenges.
• The company is backed by experienced leadership and major investor Frank Giustra, ensuring financial stability and strategic vision.

 

Excitement for the Future:

• Harris emphasized the company’s readiness to unlock Mocoa’s full potential, positioning it as a significant player in the global copper market.

 

This interview underscores the strategic importance of Mocoa amidst rising copper demand, the company's proactive expansion strategy, and its ability to deliver value for shareholders. With frequent updates on the drilling program anticipated in the coming months and strong political support, the launch of this comprehensive exploration program is perfectly aligned with regional and market dynamics and represents a historic milestone.

 

Posted on Behalf of Libero Copper and Gold Corp.