Panoro Minerals Ltd.
Upgrades & Expands One of the Largest Undeveloped Copper-Gold Deposits
Published: 2/9/2024
Author: Sid Rajeev, B.Tech, CFA, MBA
*See important disclosures at the bottom of this reportSector: Basic Materials | Industry: Other Industrial Metals & Mining
Ticker Symbols:
PML.V - NEO 🔹
POROF - NASDAQ 🔹
Highlights
PML has completed an updated resource estimate for its flagship Cotabambas project in Peru, which is one of the largest copper-gold deposits held by a junior in the Americas.
Resources increased by 31% to 6.7 Blbs of copper, 6 Moz gold, 80 Moz silver, and 54 Mlbs molybdenum. 55% of resources are in the indicated category vs just 21% for the previous estimate, implying increased confidence.
Waste: Ore decreased from 2:1 to 0.65:1, implying potential for lower OPEX.
The new resource estimate includes a high-grade starter pit. Earlymining of higher-grade materials could boos