OrbitonOpen research workspace →
Element 29 Resources logo

Element 29 Resources

TSXV:ECULive AI agent

Element 29 Resources Inc.

Investor website: https://www.e29copper.com/

About

Element 29 Resources Inc. is an emerging junior resource company focused on exploring and potentially developing Tier-1 copper-(molybdenum) deposits in Perú. The company aims for value creation through mineral resource expansion on its flagship Elida deposit, which has an initial resource estimate of 321.7 million tonnes. Element 29 is committed to sustainability and operates in one of the lowest-cost, lowest-risk mining jurisdictions globally, benefiting from a skilled workforce and nearby infrastructure.

Verified company data

Shares outstanding
196.3 million
Fully diluted shares
229.6 million
Mineral resource
Initial Inferred Mineral Resource Estimate published in 2022. Pit-constrained, Inferred Mineral Resource Estimate of 321.7 million tonnes grading 0.32% Cu plus 0.029% Mo and 2.6 g/t Ag, using a 0.20% Cu cut-off grade and low modeled strip ratio of 0.74:1 (waste: mineralized material). A near surface, higher-grade subset of the Mineral Resource Estimate consisting of 59.7 million inferred tonnes at 0.49% Cu, 0.036% Mo, and 3.99 g/t Ag (at a cut-off grade of 0.40% Cu) has potential to be mined with minimal stripping in the initial years of mining. Significant Mo and Ag grades have the potential to enhance the economics of the deposit, subject to metallurgical test work. Strong potential for resource expansion.
Projects
["Elida: 100% Ownership - 19,749 hectares of titled concessions. Located in west-central Perú near Antamina, the 6th largest copper mine in the world. Low elevation, adjacent to electrical grids, highways and ports. Discovered in 2011 with initial drilling in 2014-2015 which intersected porphyry copper mineralization. Initial Inferred Mineral Resource Estimate published in 2022. Pit-constrained, Inferred Mineral Resource Estimate of 321.7 million tonnes grading 0.32% Cu plus 0.029% Mo and 2.6 g/t Ag, using a 0.20% Cu cut-off grade and low modeled strip ratio of 0.74:1 (waste: mineralized material). A near surface, higher-grade subset of the Mineral Resource Estimate consisting of 59.7 million inferred tonnes at 0.49% Cu, 0.036% Mo, and 3.99 g/t Ag (at a cut-off grade of 0.40% Cu) has potential to be mined with minimal stripping in the initial years of mining. Significant Mo and Ag grades have the potential to enhance the economics of the deposit, subject to metallurgical test work. Strong potential for resource expansion.","Flor de Cobre Project - An emerging, large porphyry copper system with discovery potential. Adjacent to electrical grid and highway. Low to moderate elevation. Located in Southern Perú Copper Belt near Cerro Verde, the 5th largest Copper Mine in the world. The project is comprised of eleven (11) mining concessions and one (1) mining claim for a total of 3,135.355 hectares which are 100% owned by Element 29 Resources Inc. The Project is located approximately 35 kilometres southeast of Arequipa and is accessible along paved and maintained unpaved roads. Flor de Cobre is situated in the Southern Perú Copper Belt, known to host numerous giant porphyry Cu deposits, including the Cerro Verde mine operated by Freeport-McMoRan; the Cuajone and Toquepala mines operated by Southern Copper; and the Quellaveco mine operated by Anglo American. Flor de Cobre is situated just 26 kilometres southeast of Cerro Verde Mine at a modest elevation of ~2,700 metres with excellent infrastructure for future mine development.","Paka Project - The Paka porphyry copper-(gold-silver-zinc) skarn project (previously referred to as the Muñaorjo project) consists of 1,000 hectares and is 100% owned by Element 29, subject to a 2% net smelter return royalty. The project is located approximately 200 kilometres northeast of Arequipa, Perú within the probable northwest continuation of the Paleocene-aged Southern Perú Copper Belt, which is host to several very large porphyry copper deposits including the Cerro Verde mine (Freeport-McMoRan) and the Toquepala mine (Southern Copper). The property is centered on a large, 4.3 x 1.3 kilometre porphyry related hydrothermal alteration zone and covers a limestone sequence intruded by diorite and granodioritic rock units. Hydrothermal recrystallization in the limestone is extensive on the property and includes a central area containing skarn, quartz-limonite stockwork, hydrothermal brecciation, and associated strong copper-(gold-silver-zinc) mineralization exposed within a 480 x 280 metre area. Rock sample results for this area (58 rock samples) are highly anomalous and returned assay results up to 4% copper. This porphyry copper skarn alteration is related to a deeper Tertiary-aged porphyry complex intruded along the anticlinal axis of middle Cretaceous-aged Acurquina Formation limestones."]
Leadership
Richard Osmond, P. Geo., ICD.D (President & CEO, Over 25 years of experience in the mining sector including roles at INCO, Falconbridge, and Anglo American. Involved in exploration discoveries at Vale's Voisey's Bay and Glencore's Raglan mine.), Manuel Montoya (Chief Technical Officer & Country Manager, Over 35 years of experience in the natural resource sector primarily in South America, integral in the discovery of the Elida and Atravezado deposits.), Michael Au, CPA (CA) (CFO, Chartered Professional Accountant with over 20 years of experience in financial and regulatory reporting across various sectors including mining.), Terese Gieselman (Corporate Secretary, 32 years of international experience in junior mining and exploration companies, with extensive background in corporate and financial reporting.), Dylan Berg (Vice President, Investor Relations & Marketing, Over 14 years of capital markets experience in the junior resource sector, knowledgeable in corporate development and investor relations.)

Verified data last updated:

Recent filings

Investor FAQ