LBC_Logo.jpg

Libero Copper Corporation

Company Data | Introduction | Projects in Hand | Management
News Update
| Chinese

Address :  Suite 905 – 1111 West Hastings Street
Vancouver, BC
Canada V6E 2J3
Tel No.: +1 604-638-2545
Web Site: www.liberocopper.com
E-mail: info@liberocopper.com
Contact Person: Ian Slater
Position: Founder and CEO


Company Data

Traded Market: TSX-V
Traded Symbol: LBC
Outstanding Shares: 61,256,631
Public Float: 29,160,630
52 Week High: $ 0.15
52 Week Low: $ 0.07
Present Price: Click Here


Introduction

Lbc1.jpg

Lbc2.jpg

Lbc3.jpg

Lbc4.jpg

Lbc5.jpg

Lbc6.jpg

Libero Copper is acquiring high-quality copper deposits in the Americas with significant resources but without any fatal flaws or significant holding costs. These assets are being advanced and de-risked by a seasoned team to minimize dilution and maximize shareholder value.

The portfolio currently includes the Mocoa deposit in Colombia which contains an inferred resource of 636 million tonnes at a grade of 0.45% copper equivalent and the Tomichi deposit in the United States which contains an inferred mineral resource of 711 million tonnes at a grade of 0.33% copper equivalent. In total the properties contain 7.9 billion pounds of copper and 1.1 billion pounds of molybdenum.


Projects in Hand

(1) Mocoa Copper-Molybdenum Project, Colombia

Project Overview

  • Located in Colombia near the Ecuador border, 10 km from the town of Mocoa
  • Porphyry system exhibits a classical zonal pattern of hydrothermal alteration and mineralization, with a deeper central core of potassic alteration overlain by sericitization and surrounded by propylitization
  • Mineralization consists of disseminated chalcopyrite, molybdenite and local bornite associated with multiphase veins, stockworks and hydrothermal breccias
  • In 2018, acquired by Libero Copper from B2Gold for a 19% stake in Libero Copper and a 2% royalty

Previous Exploration Highlights

  • Mocoa has a history of sizeable, significant drill campaigns
  • 1978 – 1983: The United Nations and El Servicio Geológico Colombiano drilled 31 drill holes (18,321 m)
  • 2008: B2Gold drilled 9 drill holes (5,219 m)
  • 2012: B2Gold drilled 3 drill holes (1,768 m)
  • Total drilling: 43 drill holes (25,308 m)
  • At least US $6 million spent on exploration to date

The Mocoa deposit contains an Inferred mineral resource estimated at 636 million tonnes at a grade of 0.33% copper and 0.03% molybdenum, 4.6Mlbs copper and 511Mlbs molybdenum, at a cut-off grade of 0.25% copper equivalent.

2016 Inferred Resource Estimate

Grade

Contained Metal

Cut-Off

(CuEq%)

Tonnes

(Mt)

CuEq

(%)

Cu

(%)

Mo

(%)

CuEq*

(Blb)

Cu

(Blb)

Mo

(Mlb)

0.15

721

0.42

0.31

0.035

6.68

4.85

550

0.20

683

0.43

0.32

0.035

6.54

4.77

530

0.25

636

0.45

0.33

0.036

6.31

4.60

511

0.30

553

0.48

0.35

0.039

5.81

4.24

470

0.35

433

0.52

0.38

0.042

4.96

3.62

405

0.40

330

0.57

0.41

0.047

4.12

2.99

342

0.45

259

0.61

0.44

0.051

3.47

2.50

293

0.50

201

0.65

0.46

0.056

2.87

2.04

248

0.55

148

0.69

0.49

0.061

2.26

1.60

200

0.60

106

0.74

0.52

0.067

1.73

1.21

156

*Cu Price $3.00/lb, Mo Price $10.00/lb (Mocoa Technical Report)

The Mocoa deposit forms a continuous zone of copper and molybdenum mineralization over an area measuring approximately 1.2 km east-west by 1.4 km north-south and extending to depths of more than 1 km below surface.

(2) Tomichi Project, Colorado, United States

Project Overview

  • Consists of 49 unpatented lode claims with a total area of 409 hectares, located 50 km east of Gunnison County, southwestern Colorado
  • Contains copper-molybdenum mineralization typical of porphyry systems including: multiple intrusions, classical alteration zoning, and multiple stages of mineralization
  • Mineralization consists of a copper shell overlaying the molybdenum zones with the majority of the copper and molybdenum being hosted in the granites
  • 2016 optioned by Libero Copper: 5 year option to acquire for US$ 4 million

Previous Exploration Highlights

  • Tomichi has undergone numerous drill campaigns; all with significant results
  • 1957: Climax Molybdenum drilled 9 drill holes (1,305 m)
  • 1968: Cyprus Mines drilled 11 drill holes (2,537 m)
  • 1974: Cities Service Minerals drilled 3 drill holes (472 m)
  • 1978: Molycorp drilled 26 drill holes (10,852 m)
  • Total drilling: 49 drill holes (15,166 m)
  • At least US $4 million spent on exploration to date

The Tomichi deposit contains an Inferred mineral resource estimated at 711 million tonnes at a grade of 0.21% copper, 0.035% molybdenum, 0.017 g/t gold, 2.0 g/t silver and 0.22 g/t rhenium containing 3.3Blbs copper, 555Mlbs molybdenum, 393koz gold, 46Moz silver and 339klbs of rhenium, at a cut-off grade of 0.25% copper equivalent.

2017 Inferred Resource Estimate

Cut-Off
CuEq%

Million
Tonnes

Average Grade

Contained Metal

CuEq*
(%)

Cu
(%)

Mo
(%)

Au
(g/t)

Ag
(g/t)

Re
(ppm)

Cu
(Blbs)

Mo
(Mlbs)

Au
(koz)

Ag
(Moz)

Re
(klbs)

0.1

1,002

0.29

0.19

0.031

0.015

1.8

0.193

4.17

689

493

57.2

426

0.15

990

0.30

0.19

0.032

0.015

1.8

0.194

4.15

687

490

56.9

423

0.2

906

0.31

0.20

0.033

0.016

1.8

0.202

3.93

655

460

53.7

402

0.25

711

0.33

0.21

0.035

0.017

2.0

0.216

3.31

555

393

45.6

339

0.3

480

0.36

0.23

0.039

0.019

2.1

0.231

2.42

412

287

33.2

244

0.35

264

0.39

0.25

0.043

0.020

2.3

0.247

1.43

249

168

19.8

144

*Cu Price $3.00/lb, Mo Price $10.00/lb (Tomichi Technical Report)

The mineralized area identified on the property is estimated at 550 m by 825 m by 600 m deep and remains open.

Investment Highlights

  • Strong Market Fundamentals
    • Declining exploration spending to increase demand for robust projects
    • Copper demand, driven by numerous catalysts including renewable energy and electrification of vehicles, expected to outpace supply
  • Proven Management Team
    • Seasoned professionals with successful track records of discovery, resource development, permitting and value creation in the Americas
    • Management has de-risked and successfully sold to majors five large porphyry copper projects in the Americas
  • High Quality Asset Portfolio
    • High grade Mocoa deposit located in Colombia with past exploration by AngloGold and B2Gold. Inferred mineral resource of 636 million tonnes at 0.45% CuEq.
    • Highly prospective Tomichi deposit located in Colorado, U.S. with significant past drill campaigns. Inferred mineral resource of 711 million tonnes at 0.33% CuEq.
  • Attractive Valuation
    • Libero’s market valuation is at a meaningful discount to peers
    • Precedent copper transactions indicate significant value potential
    • More than US $10 million spent in exploration on Mocoa and Tomichi
  • Strong Shareholder Base
    • Management – 29%
    • B2Gold – 17%
    • US Global – 6%


Management

Management and Directors

Ian Slater, Founder and Chief Executive Officer

Entrepreneur and Founder of multiple successful mining ventures

Former Managing Partner of Arthur Andersen’s and Ernst & Young’s mining practices

Chartered Accountant

Chui Wong, Chief Financial Officer

Previously CFO of Red Eagle Mining and GM Finance of Luna Gold

Formerly at Methanex and Bear Stearns

Chartered Accountant

Leo Hathaway, Executive Vice President of Exploration

10 years with Inmet Mining followed by 14 years with Ross Beaty’s Lumina Group

Managed technical aspects of Lumina Copper, Regalito Copper, Northern Peru Copper and Global Copper (spent $80M de-risking then sold for $1.4B)

Geologist

Dave Thomas, Vice President of Exploration

More than 20 years experience in mineral exploration

Geologist

Bob Bell, Independent Director

More than 35 years of experience in mineral development

Led seven projects from feasibility through construction

Former GM Dundee’s Chelopech Mine

Mining Engineer

Rob Pease, Independent Director

Over 35 years of experience in mineral exploration

Founder and CEO of Terrane Metals (acquired by Thompson Creek in 2010)

Former GM, Canadian Exploration & Global Major Projects at Placer Dome

Geologist

Jay Sujir, Independent Director

Senior Partner of Farris, Vaughan, Wills & Murphy

Lawyer


News Update

On February 11, 2019, Libero Copper Corp. announced that it has closed the option agreement to acquire 100 per cent of the Big Red porphyry copper-gold property in the Golden Triangle in British Columbia, Canada, announced on Jan. 28, 2019. Libero Copper may acquire 100-per-cent of Big Red in return for the issuance of two million common shares of Libero Copper and cash payments of $440,000 over four years. The vendors have retained a 1-per-cent net smelter return royalty, 0.5 per cent of which may be repurchased by Libero Copper at any time for $10-million.

On January 28, 2019, Libero Copper Corp. announced that it has entered into an option agreement to acquire 100 per cent of the Big Red porphyry copper-gold property in the Golden Triangle in British Columbia, Canada.


  Disclaimer

Copyright (c) 2000 - 2019 Chinese Investment Club Inc.
All Right Reserved. Do not duplicate or redistributed in any form.
版權所有, 未經同意, 不得以任何形式轉載或翻印