Episode Details
Back to EpisodesElement 29 - Advancing the Flagship Elida Copper-Moly Porphyry Project in Peru: Fully Funded Drill Program Underway
Description
In this Company Introduction, we welcome Richard Osmond, President and CEO of Element 29 Resources (TSX-V: ECU, OTCQB: EMTRF), for a comprehensive exploration update on the company's portfolio of copper assets in Peru. Richard breaks down the advantages of the flagship Elida project, its unusually low strip ratio, infrastructure access, and the path forward toward an updated resource estimate and preliminary economic assessment.
- Flagship Elida asset and infrastructure advantages: An overview of the 100%-owned copper-molybdenum porphyry system, its discovery history, and the logistical edge of operating at low elevation with nearby paved highways, power, and port access.
- Maiden resource and low strip ratio: Insights into the 322-million-tonne pit-constrained resource, higher-grade starter zones, and a 0.74:1 strip ratio.
- Fully funded drill program and expansion targets: Details on the fully financed 12,000-meter multi-rig campaign designed to test deeper mineralization, delineate near-surface shells, and support an updated resource model.
- Regional pipeline upside: A briefing on drill-ready exploration assets, including the Flor de Cobre project in the Southern Peru copper belt and the high-grade skarn potential at Paka.
- Strategic capital and leadership depth: Discussion on the strong shareholder register featuring Alpayana, Haywood, and mining industry veterans, alongside board governance from former Capstone and Wheaton Precious Metals leadership.
Click here to visit the Element 29 website to learn more about the Company - https://www.e29copper.com/
-------------------------
Please email us with any follow up questions you have for Richard. Our email addresses are Fleck@kereport.com and Shad@kereport.com.
For more market commentary & interview summaries, subscribe to our Substacks:
- The KE Report: https://kereport.substack.com/
- Shad’s resource market commentary: https://excelsiorprosperity.substack.com/
Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.