This year, Libero Copper and Gold Corp. (LBC:TSX.V:, LBCMF:OTCQB) intends to advance all four of its copper projects via drilling, reported Red Cloud Securities analyst Taylor Combaluzier.
A rig is now being mobilized to Mocoa for the upcoming 5,000 meter (5,000m) expansion drill campaign.
"We firmly believe Mocoa is a hidden gem in Libero's portfolio," Combaluzier wrote, adding the project's current inferred resource is 636,000,000 tons of 0.45% copper equivalent, using a 0.25% grade cutoff. "We believe drilling success that allows Libero to expand the resource or upgrade the existing Inferred resources to a higher classification level could potentially help push the stock higher."
The analyst noted that Mocoa is located in a mining-friendly jurisdiction that wants to become the world's third largest copper producer and, thus, play a key role in the global transition to green energy. This is advantageous to Libero.
Combaluzier pointed out that the explorer's projects Argentina and British Columbia offer "vast exploration potential." As such, Libero plans to drill 5,000m at Esperanza this year to confirm the depth and size of the target there. The explorer is waiting to receive the necessary drill permits, which are expected in Q1/22. Drill campaigns at Big Red and Big Bulk also are schedule to take place in 2022, starting in July.
Overall with its copper assets, Libero is well-positioned, Combaluzier purported, to capitalize on the future demand for copper, by the world and by the mining majors, driven by the global shift toward electric vehicle and green energy use.
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Disclosures and Disclaimers, Red Cloud Securities Inc., Libero Copper & Gold Corp., Feb. 9, 2022
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The analyst has visited the head office of the issuer or has viewed its material operations.
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Taylor Combaluzier, P.Geo. | Mining Analyst:
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