Executive Summary
This content illuminates a strategic mining opportunity for investors and professionals evaluating tailings reprocessing. It reveals how Cerro de Pasco Resources is recovering valuable metals from historical mine waste in Peru, simultaneously achieving economic returns and addressing environmental legacy issues.
Key Takeaways
- Cerro de Pasco Resources has delineated a 423 million ounce silver-equivalent tailings resource at its El Metalurgista concession in Peru’s Pasco Region, approximately 175 kilometers northeast of Lima.
- Phase 1 drilling confirmed an average grade of 5.5 ounces per ton silver-equivalent, with significant gallium (53.2 g/t) and indium (19.9 g/t) content.
- Projected extraction costs of $1–$2 per tonne are substantially lower than conventional underground mining ($30–$200 per tonne), providing significant economic advantage.
- The project targets approximately 75 million tonnes of tailings accumulated from two mining eras (Copper Era: 1906–1965; Polymetallic Era: 1952–1992).
- Gallium discovery positions the project as a critical minerals alternative, with Quiulacocha hosting the largest known above-ground gallium resource outside China.
Sources
- https://www.cruxinvestor.com/posts/cdpr-unlocking-423-moz-silver-equivalent-resource
- https://www.mining-technology.com/sponsored/myth-busting-why-regular-oil-changes-shouldnt-mean-using-low-quality-oil
- https://www.newsfilecorp.com/release/291184
- https://www.newsfilecorp.com/release/289123
