Regulus Resources Inc V.REG

Alternate Symbol(s): RGLSF

Metals & Mining Gold

Regulus Resources Inc. is a Canada-based international mineral exploration company. The principal project held by the Company is the AntaKori copper-gold-silver project in northern Peru. The AntaKori project is located approximately 600 kilometers (km) north of Lima and 50 km northwest of the city of Cajamarca, on the world-class Miocene Au-Cu-Ag belt of northern Peru. The AntaKori claim group is located immediately adjacent to the Tantahuatay high-sulphidation epithermal (HS) Au mine (Compania Minera Coimolache, Buenaventura-Southern Peru); 7 km NW of the Cerro Corona porphyry Cu-Au mine (Gold Fields); and 32 km NW of the Yanacocha HS gold mine (Newmont-Buenaventura), all within the prolifically mineralized Yanacocha-Hualgayoc mining district in the Department of Cajamarca. It has completed 31,666.99 m of drilling on the AntaKori project. The AntaKori project hosts a resource with indicated mineral resources of 250 million tons and inferred mineral resources of 267 million tons.

TSXV:REG - Post by User

Regulus Resources Inc

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Post by Possibleidiot01on Sep 03, 2024 2:53pm

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Trevor Rose's Insights - PARTIAL BUY

PARTIAL BUY

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research REG is a mineral exploration company that acquires mineral resources that management feels have overlooked potential, it adds value by investing in the sites, and monetized by selling to a major mining company. In 2005, it acquired Antares Mineral, invested in exploration on the site, and sold to First Quantum in 2010 for $650M. Currently, it is focusing in its flagship project, the AntaKori copper-gold project in Northern Peru. REG is conducting drilling programs at AntaKori, and has some partnerships with Osisko Gold Royalties in respect to AntaKori. It could sell the project down the line to monetize it and add shareholder value. For now, it is pre-revenue, its momentum has been good, and the management team is experienced. We think it looks interesting, but being a small company and with no revenues, we would consider it to be on the riskier side. We would be OK with a small position, while acknowledging its small-cap risks, and slightly more speculative in nature.

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