Metminco (MNC), incorporated in Australia, is an Australian Securities Exchange (ASX) and London Alternative Investment Market (AIM) listed exploration and mining company. MNC has a portfolio of gold and copper exploration projects located in Colombia and Chile. Projects include potential near-term production assets on which feasibility study work has commenced as well as advanced exploration and early stage exploration.
Metminco’s primary focus is the Quinchia Gold Portfolio, which is located in Colombia’s Middle Cauca Belt, and has a NI 43-101 estimated Mineral Resource of 2.8 million ounces of gold and contains a number of gold deposits and significant exploration and development targets including Miraflores, Tesorito, Chuscal and Dosquebradas. The Portfolio was acquired at a very attractive valuation and Metminco is now advancing a feasibility study on the Miraflores Gold Project to be completed during Q3 2017. The Scoping Study released late 2016 supports the view that the Project has excellent fundamentals and represents a near term production gold project.
In Chile, the Company has three projects, 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). The remaining project, Loica is a large, early stage, copper-molybdenum porphyry project.