Sarah Armstrong-Montoya CEO CORDOBA MINERALS
Could you comment on Alacran’s economics based on the 2023 PFS?
Alacran is a modest-sized project on a global scale, however, it i easy to mine with almost a 1:1 strip ratio and can be in production in around 2 years. The FS was completed in December of 2023 using US$3.99/lb copper and US$1,750/oz gold and an IRR of around 25%, so at today’s commodity prices the project looks a lot more economically attractive. For a peak funding of US$480 million, we are looking to produce 797 million lbs Cu and 550,000 oz Au over a 14-year LOM. Could you elaborate on the relocation plan and the broader social engagement programs Cordoba runs?
Only the Alacran community is subject to relocation. This is a population of around 1,350 people and we have been working with them to reach agreements. Not only do we work in accordance with Colombian laws for the relocation and other social work but also take a best international standards approach. We also work with both local and international ESG consultant companies.
*Since the interview, Cordoba Minerals announced the sale of its interest in Alacran to a JCHX.
Louis Castro Chairman OROSUR MINING
Could you introduce Orosur Mining?
The company, which is quoted on both the TSX-V and on AIM, holds two major gold exploration assets in Latin America and an early-stage lithium project in Nigeria.
Our most advanced project is the Anzá project, covering a large landholding of 400 km² in Colombia’s Antioquia province, near Medellín.
The project includes three main prospects - Pepas, Apta, and El Cedro - and we are currently drilling Pepas. Both Pepas and Apta could move to resource status relatively quickly. El Cedro, discovered by Anglo American in 2012, has not yet been drilled but has all the geological signs consistent with a significant porphyry system. Do you have a final message?
Orosur remains an undiscovered story in Colombia. Whilst gold may not remain at US$3,000–3,500/oz forever, at our current gold grades mining Anzá would be highly profitable. Generalist institutions are returning to the gold space, and the timing is right. We have the right commodity, in the right country, with strong community backing, and a promising asset.
Alastair Still CEO GOLDMINING
Could you introduce GoldMining Inc.?
Today, we hold a total measured and indicated resource base of approximately 12.5 million oz AuEq, with gold making up approximately 80% of our portfolio while copper represents the remaining 20%. Which projects are currently your highest priority?
Our most recent focus has been on the São Jorge gold project in the Tapajós gold district of Brazil. Last year we launched a drilling program to step out into new areas of potential discovery extending for several km away from our existing mineral resource. Additionally to São Jorge, we conducted an exploration program at our La Mina project in Colombia and completed a 2023 PEA that envisioned a potential operation with positive economics. How do you navigate the regulatory and operational landscape in Colombia?
Colombia has a long history of mining which supersedes the ebbs and flows of political slants. We have built a strong local team so that we understand the local conditions and are positioned to understand community concerns.