ATEX Resources - Valeriano Project, In Chile, Large Copper-Gold Resource, Drilling/Growth Plans Through 2025
Ben Pullinger, President and CEO of ATEX Resources (TSX.V:ATX) joins me to provide a comprehensive overview of the Company and Valeriano Project in Chile.
With a substantial resource base of over 15 billion pounds of copper, 9 million ounces of gold, and additional silver (all in the inferred category), we start with an overview of the Resource Estimate, released in September 2023. Ben details the drilling success, the high-grade mineralization, and the economic metrics that support the project's viability. The conversation touches on corporate strategies for expanding and upgrading the resource, as well as financial structures, including a $15 million debt facility and the plan to achieve 100% project ownership by the middle of next year.
Ben also highlights the management team and the Phase 5 drilling starting in October-November, aiming for significant growth potential and high-grade mineralization. Additionally, we discuss the Project location in the Atacama region, surrounded by world-class copper projects.
Please email me with any follow up questions you have for Ben. My email address is Fleck@kereport.com.
Click here to visit the ATEX Resources website to learn more about the Company.
