Culpeo Minerals

We’re pleased to share our latest Quarterly Activities Report, covering the period ending 30 September 2024. This quarter saw strong exploration progress at our key Chilean copper projects, Lana Corina and Fortuna.   At our Lana Corina project, results from diamond drill hole CMLCD014 expanded the mineralised interval to 454m at 0.93% copper equivalent from 90m, including high-grade zones of molybdenum. The mineralisation zone now spans 600m by 400m, reaching depths up to 870m and remains open in all directions. Preparations are also underway for drilling at the Vista Montana Prospect.   At our Fortuna project, assays from our El Quillay West Prospect yielded high-grade copper results of up to 1.83% Cu, while trenching at El Quillay South extended copper-gold mineralisation southward. Key results included 46m at 0.90% CuEq and 6m at 3.21% CuEq, further supporting the project’s potential.   We raised $2.0 million via a two-tranche equity placement, reflecting strong investor confidence in our portfolio. With a cash balance of $1.22 million, we’re well-positioned to advance our projects. In addition, we appointed Mr. Geoff McNamara as Interim Executive Chairman, succeeding Mr. Max Tuesley.   We encourage shareholders to review the full report for more insights into our progress and outlook for Q4 and beyond: https://bit.ly/48vf0Or   #CulpeoMinerals #CPO #Copper #Exploration #Chile #Mining #Resources #ChileanCopper #ASX

We are pleased to announce that Geoff McNamara, Executive Chairman of Culpeo Minerals, will be presenting at the Noosa Mining Investor Conference on Wednesday 13th November at 3:45pm (AEST) at Peppers Noosa Resort.   Join us to hear about our Lana Corina and Fortuna Projects in Chile, along with our broader vision for copper exploration in the region. Geoff will share insights on the potential of Culpeo's portfolio and why we believe we are well-positioned to be a significant player in the copper sector.   We look forward to connecting with you there.   Register for the in-person event or stream online: https://bit.ly/3XDXuUr   #CulpeoMinerals #CPO #Copper #Exploration #Chile #Mining #Resources #ChileanCopper #ASX

China’s imports of unwrought copper rose in September from the prior month, customs data showed on Monday, due to improving seasonal demand and a better consumption outlook for the industrial metal. Imports of unwrought copper and products stood at 479,000 metric tons last month, up 15.4% from August’s imports, data from the General Administration of Customs showed. “Buying emerged in the first two weeks when prices were relatively low,” He Tianyu, a copper analyst at commodity research house CRU, said. Culpeo Minerals $CPO Susan Kerr Paul Schmiede Kaiden Gilbert Max Carter-Mazak George Ross Sergio Uribe Valdés Henry Carlos Nolasco Cárdenas William Henry Quispe Garcia Ruben Angel Cahuana Ari

Copper-focused junior Culpeo Minerals has appointed Geoffrey McNamara as its interim executive chair, effective from November 1.

We are pleased to announce the appointment of Mr. Geoff McNamara as Interim Executive Chairman, effective 1 November 2024. This follows the decision of Managing Director, Max Tuesley to step down due to family reasons. We extend our sincere thanks to Max for his outstanding leadership since Culpeo’s ASX listing in 2021.   Mr McNamara will continue as Interim Executive Chairman until the Company completes the search for a permanent Managing Director.   Mr. McNamara, a co-founder and major shareholder of Culpeo, brings over 30 years of international resource sector experience, having held senior roles at Ivanhoe Mines, Lion Ore International and Western Mining Corporation. His financial expertise stems from managing US$800 million in funds and serving as a Director at Société Générale’s Mining Finance Team. Geoff’s leadership will guide Culpeo’s continued growth as we unlock the potential of our high-quality assets in the Chilean coastal Cordillera belt.   Commenting on his appointment, Mr. McNamara said: “I am delighted to be stepping into the role of Interim Executive Chairman at this pivotal time for Culpeo. I look forward to continuing to work closely with the Board, our experienced exploration team, and key stakeholders in Chile as we advance our projects. We are only beginning to tap into the vast potential of our high-quality portfolio of assets within the infrastructure-rich Chilean coastal Cordillera belt.   We now turn our focus to our active exploration activities, where trenching continues at the El Quillay South Prospect, while preparations are underway for a drilling program at the Vista Montana Prospect.”   Read the full announcement here: https://bit.ly/3BKMewU   #CulpeoMinerals #CPO #Copper #Exploration #Chile #Mining #Resources #ChileanCopper #MiningLeadership #ASX #ResourceSector

Global copper demand is rising, driven by its essential role in key technologies and infrastructure. As electric vehicles (EVs) and industrial electrification accelerate, the need for copper will continue to grow.    Renewable energy sources like wind and solar, combined with advancements in grid storage, will require substantial copper inputs. The ongoing digital revolution - data centres, 5G networks, IoT, AI, and blockchain - further underscores copper’s vital importance.   In a recently published article, BHP projected global copper demand growth of 70% to over 50 Mt per annum by 2050, representing an average growth rate of 2% per year.   At Culpeo Minerals, our Lana Corina and Fortuna projects in Chile are strategically positioned to address this demand. Located in the highly prospective copper belts of Chile's coastal region, these projects are targeting high-grade, shallow exploration success.   We remain focused on delivering large-scale copper discoveries that will significantly contribute to the global copper supply, supporting both the energy transition and the expanding digital economy.   Discover our future plans in our latest investor presentation: https://bit.ly/4dqroAU #CulpeoMinerals #CPO #Copper #Chile #Mining #CopperDemand #EnergyTransition

The world’s largest publicly listed copper producer, BHP, has recently published an insightful article discussing the pivotal role of copper in our future. According to their analysis, global copper demand is projected to grow by approximately 70%, reaching over 50 million tonnes per year by 2050. This anticipated demand growth is driven by copper's essential applications across various sectors, from renewable energy technologies to advanced electronics.   However, BHP also highlights a significant challenge: the global copper supply is under threat as existing mines age and the pipeline of potential future projects is not as robust as in previous cycles.   At Culpeo Minerals, we recognise the importance of addressing this looming supply challenge. We remain committed to exploring our Fortuna and Lana Corina projects in Chile's high-grade copper belts, positioning ourselves to play a critical role in meeting the growing demand for this essential metal.   #CulpeoMinerals #CPO #Copper #Chile #CopperDemand #BHP #EnergyTransition

We are thrilled to be featured in MinerDeck's Quarterly Copper Drilling Highlights for Q3. This underscores our exciting progress at our Lana Corina project in Chile, where we continue to deliver strong results from our high-grade copper exploration. If you're interested in learning more about this project and our broader vision for copper exploration, be sure to check out our latest investor presentation. It provides an in-depth look at Lana Corina’s potential and why we believe it’s positioned to be a key player in the global copper landscape. Explore the details here: https://bit.ly/4dqroAU Max Tuesley Geoff McNamara #CulpeoMinerals #CPO #Chile #Copper #LanaCorina

Culpeo Minerals featured in the The Australian - read more about our recently announced thick copper and gold assay results from surface trenching at the El Quillay South Prospect. “The strong correlation of these trench results in combination with previously exploited mineralisation along the 3 km El Quillay structure demonstrates the significant strike extent of this well mineralised system. Trenching at El Quillay is ongoing, to rapidly define drill targets and extend mineralisation which is open to the south.” Managing Director, Max Tuesley. Read here: https://bit.ly/3TVWUPs #CulpeoMinerals #CPO #Chile #Copper #Gold

Read more about our surface trenching at the El Quillay South prospect, part of our Fortuna project in Chile, which has returned thick copper and gold assays in the below Stockhead article. “These results continue to demonstrate the exceptional potential of the Fortuna project,” Managing Director, Max Tuesley said. #CulpeoMinerals #CPO #Chile