Element 29 Resources Inc. ("Element 29") is an emerging junior resource company with a highly experienced management team and board focused on exploring and potentially developing Tier-1 copper-(molybdenum) deposits in Perú, one of the lowest-cost, lowest-risk mining jurisdictions globally.
Element 29’s principal objective is value creation through mineral resource expansion on its flagship Elida porphyry copper-molybdenum-silver deposit in west-central Perú which has an initial mineral resource estimate of 321.7 million tonnes grading 0.32% copper, 0.03% molybdenum and 2.61 g/t silver at a 0.2% copper cut-off grade and a low 0.74:1 modeled strip ratio (refer to NI 43-101 Technical Report by Marc Jutras, P.Eng, dated September 20th, 2022).
At the same time, the Company will continue to explore its pipeline of highly prospective porphyry copper-molybdenum targets for Tier-1 deposits on its more than 25,000 hectares of titled concessions in Perú. The Element 29 projects are well located for future mine development and will benefit from nearby infrastructure including roads, powerlines, ports, water, and a skilled workforce.
Both copper and molybdenum are recognized by the Canadian and United States Governments as Critical Minerals, the foundation on which modern technology is built and plays a crucial role in the Global Green Energy Transition.
Perú is the second largest copper producing country globally and one of the lowest cost copper producers in the Americas. Perú also has a Free Trade Agreement and Bilateral Investment Treaty with Canada and the United States making it one of the most stable mining jurisdictions globally.
Element 29 is committed to sustainability best practices and proud to be on the front line of the Critical Minerals Value Chain in support of the Global Green Energy Transition.
