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Metminco (MNC), incorporated in Australia, is an ASX and AIM listed exploration and mining company. It has a portfolio of exploration projects located in Chile and Peru, mainly focused on copper, but with exposure to molybdenum, gold and zinc. Projects range from early stage exploration, through advanced exploration, to feasibility.
Metminco’s premier project is the 100% owned world class Los Calatos copper and molybdenum porphyry deposit in southern Peru, with an estimated mineral resource of 352 million tonnes at a Cu grade of 0.76% and a Mo grade of 318 ppm. The mineral resource estimate follows the completion of a detailed re-logging program by the Company that was initiated in November 2014, where the principal focus of the program was to map those lithologies and structures that control the distribution of the higher grade Cu and Mo mineralisation within the broader Los Calatos Porphyry Complex. The mineral resource was estimated by SRK Consulting (Chile) S.A. in June 2015 in accordance with the guidelines of the JORC Code (2012 Edition), and comprises a Measured Mineral Resource of 73 million tonnes at 0.73% Cu and 513 ppm Mo, a Indicated Mineral Resource of 63 million tonnes at 0.73% Cu and 345 ppm Mo and an Inferred Mineral Resource of 216 million tonnes at 0.78% Cu and 244 ppm Mo at a 0.50% Cu cut-off grade.
Metminco’s other projects are located in Chile, the most advanced of which are the Mollacas (copper leach) and Vallecillo (polymetallic) projects, both of which have mineral resources that have been reported in accordance with the JORC Code (2004 Edition). In addition, the Company has a large, early stage, copper-molybdenum porphyry project (Loica Project).