What's Happening?
Atex Resources is advancing its Valeriano copper-gold project in Chile following a significant high-grade breccia discovery. CEO Ben Pullinger announced that the company has transitioned from a geological curiosity to a world-class deposit in under four
years. The upcoming drilling program aims to expand the B2B breccia and test similar targets, supported by Chile's policy to reduce permitting timelines. Atex Resources has strategic backing from Agnico Eagle Mines, which invested $55 million in the project.
Why It's Important?
The discovery at Valeriano could significantly impact the copper-gold mining sector, offering a high-margin start for Atex Resources. Chile's supportive policies for large copper projects may attract further investments, enhancing the country's position in the global mining industry. The partnership with Agnico Eagle Mines underscores the project's potential, promising economic benefits and job creation in the region.
What's Next?
Atex Resources plans to initiate further drilling to expand the B2B breccia and explore new targets. The company will also advance environmental baseline work and early engineering, positioning itself for a high-margin operation. Stakeholders, including investors and local communities, will be closely monitoring the project's progress and its impact on regional development.
