Forte Minerals (CSE:CUAU) Investor Overview

Overview

In the case of mining deposits, there’s no denying the potential output Peru has to supply. In 2023, Peru produced 2.6 million metric tons of copper, making it the world’s second-largest producer of copper. Peru was additionally one of many largest gold producers in 2023, rating seventh on this planet.

The mining-friendly nation’s attraction has attracted the likes of a number of main mining firms, together with Southern Copper (NYSE:SCCO), Freeport-McMoRan (NYSE:FCX), Hudbay Minerals (NYSE:HBM,TSX:HBM), Barrick Gold (TSX:ABX,NYSE:GOLD), Teck Sources (TSX: TECK.A and TECK.B, NYSE: TECK), Rio Tinto (NYSE:RIO), and lots of extra. Because of this, mineral exploration firms with initiatives in Peru could present buyers with an thrilling alternative for investments right into a resource-rich nation.

Forte Minerals (CSE:CUAU,FSE:2OA,OTCQB:FOMNF) controls property acquired from its strategic mission generative companion GlobeTrotters Resources Peru SAC and an Alta Copper (TSX:ATCU) choice deal to kind a horny portfolio of high-quality copper and gold property in Peru. These properties mix early-stage and drill-ready targets with a traditionally found and drilled porphyry system that’s strategically positioned for copper and gold useful resource growth.

Forte Minerals Portfolio

Forte Minerals has a powerful land place of 12,000 hectares in Peru, together with the Pucarini, Don Gregorio and Esperanza initiatives. The Don Gregorio mission is a 900-hectare copper and gold porphyry mission with gold and copper mineralization occurring on the subsurface. This mission is under option by Forte Minerals from Alta Copper (beforehand Candente Copper), whereby Forte Minerals can purchase a 60-percent curiosity in Don Gregorio by money funds of US$500,000 over three years, and 10,000-meter diamond drilling over three years upon receipt of drill permits.

The corporate’s 100-percent-owned Pucarini mission is a gold asset with a excessive sulfidation epithermal gold goal positioned in Puno, Peru. The Pucarini mission consists of 1,000 hectares of main goal claims and 6,100 hectares of regional concessions. The mission additionally has an NI 43-101 Technical Report from February 2021.

The corporate’s totally owned Esperanza mission is a 4,000-hectare copper and molybdenum porphyry mission positioned within the prolific and mining-friendly Paleocene belt of Southern Peru. The Paleocene belt hosts lots of the largest current porphyry copper mines and up to date discoveries. The Esperanza mission has not but been examined by drilling however holds thrilling exploration potential.

Forte Minerals additionally acquired the Alto Ruri excessive sulphidation epithermal gold prospect and the Cerro Quillo porphyry gold-copper-molybdenum prospect from its strategic companion Globetrotters Useful resource Group. The prospects are located on a contiguous 4,700-hectare block of concessions that have been initially acquired by Globetrotters from Compañía Minera Ares S.A.C. These concessions have been transferred to Forte’s Peruvian subsidiary, Cordillera Sources Perú S.A.C., in change for a one-time money cost of US$25,000.

The crew at Forte Minerals boasts deep-seated roots inside Peru’s mining and exploration neighborhood. With a mixed expertise surpassing 215 years in exploration and mining all through the Americas, the corporate’s standing is anchored by its profound neighborhood relationships and constant monitor file of exploration successes.

Among the many firm’s esteemed cohort is a former principal geologist and normal supervisor for Teck Sources in Peru, Manuel Montoya, who now champions Forte Minerals’ initiatives, making certain each stage aligns with the very best requirements. This addition solidifies the corporate’s dedication to mixing worldwide experience with native understanding.

Understanding the complexities of exploration, Forte Minerals additionally included a full-time in-house social crew. This crew is greater than only a nod to company accountability – it is a testomony to the corporate’s foundational perception that neighborhood ties are as very important as geological prospects and exploration.

In pursuing holistic progress and sustainability, Forte Minerals lately collaborated with Social Suite, signaling the graduation of an insightful ESG (environmental, social and governance) reporting journey. This partnership underscores Forte’s imaginative and prescient to set trade benchmarks, particularly in neighborhood engagement, environmental stewardship and its broader societal obligations.

Forte Minerals is not simply exploring terrains; it’s additionally pioneering a future the place its mission amplifies ESG initiatives. The corporate’s promise stays unshaken: to strengthen neighborhood bonds, champion environmental conservation, and uphold societal commitments with unparalleled vigor.

The corporate hopes to benefit from near-surface and underexplored metallic endowments which can be wealthy in copper and gold in Peru. Forte Minerals plans to leverage distinctive concentrating on strategies and an efficient alteration identification course of. The corporate additionally goals to advance its initiatives with the anticipation of drilling permits and extra exploration and hundreds of meters of drilling on its properties.

Firm Highlights

• Forte Minerals has a powerful land place of 12,000 hectares in Peru, together with the Pucarini, Don Gregorio and Esperanza initiatives.
  • Pucarini is a high-sulfidation epithermal gold mission in Puno, Peru with an NI 43-101 Technical Report from February 2021.
  • Don Gregorio is a copper and gold porphyry mission with a traditionally found and drilled porphyry system.
  • The 100-percent-owned Esperanza mission is a copper and molybdenum porphyry asset positioned within the prolific and mining-friendly Paleocene belt of Southern Peru.
• Forte Minerals has a powerful historical past of engagement with native communities. The corporate’s crew has a mixed 215 years of expertise in exploration and mining within the Americas and a mixed 60 years of efficiently managing public firms.
• The corporate is finalizing drilling permits and making ready for a drilling marketing campaign.

The Don Gregorio mission is a 900-hectare copper and gold porphyry asset positioned in Peru.

The property options the historic exploration of 13 comparatively shallow diamond drill holes accomplished on one part hall since 1977. Each copper and gold mineralization was present in all 13 historic holes. The Don Gregorio mission options enrichment grades of as much as 0.8 p.c copper and first grades of as much as 0.04 p.c copper and 0.15 grams per ton (g/t) of gold.

The property is beneath choice by Forte Minerals from Candente Copper Corp. Forte can purchase a 60-percent curiosity in Don Gregorio topic to money funds of $US500,000 over three years and a complete of 10,000 meters of diamond drilling over three years upon receipt of drill permits.

In 2021, the corporate started allowing and neighborhood engagement on the property. Going ahead, Forte Minerals plans to start section 1 of a goal analysis drilling program consisting of 5,000 meters in addition to preliminary metallurgical research. The corporate believes the Don Gregorio mission hosts wonderful exploration potential to develop right into a world-class porphyry copper-gold deposit.

The Esperanza mission is a 5,000-hectare copper and molybdenum porphyry mission positioned within the prolific and mining-friendly Paleocene belt of Southern Peru. The Paleocene belt hosts current porphyry copper mines and up to date discoveries.

The mission is totally owned by Forte Minerals. It’s at the moment untested by drilling however stays potential for copper sulfide mineralization. In 2021, the corporate carried out allowing and goal growth, together with geophysics. The corporate obtained an environmental affect assertion from the Peruvian Ministry of Vitality and Mines (MINEM) in December 2023.

The Pucarini mission is a gold mission positioned in Puno, Peru. The property consists of 1,000 hectares of declare and 6,100 hectares of regional concessions. The Pucarini mission is accessible by airport and highway with proximity to a freeway community and electrical energy. The mission options a number of gold-bearing superior argillic alteration zones inside a 3.6 by 1.8-kilometer argillic alteration footprint. The mission additionally comprises a Miocene excessive sulfidation epithermal gold goal.

• The mission has an NI 43-101 Technical Report from February 2021. To this point, the targets on the property haven’t been examined by drilling. In 2021, Forte Mineral initiated drill allowing, neighborhood engagement and drill permits are anticipated shortly. The maiden drill program will take a look at an outstanding coincident geophysical and geochemical anomaly that reinforces large excessive sulphidation alteration. In 2022, an in depth regional follow-up program round Pucarini recognized three new discoveries of epithermal mineralization within the Miocene Arc just like Pucarini. Extra floor work and geophysics have been undertaken in 2022-23 to additional perceive these prospects.
• The corporate obtained an environmental affect assertion from the Peruvian Ministry of Vitality and Mines (MINEM) after greater than two years of environmental baseline research, archeological assessments, social engagement, and authorities processing. The ultimate drill allow will probably be delivered by MINEM upon completion of the prior session course of (Consulta Previa) with the native Indigenous communities.

Board of Administrators and Administration Group

Patrick Elliott – President, CEO and Director

Patrick Elliott has greater than 18 years of expertise within the mining trade. Elliott has a Grasp of Science in mineral economics and an MBA in mining finance from the Curtin College of Expertise in Perth, Australia. He’s at the moment the president and CEO of Lexore Capital, the vice-president of technique for GlobeTrotters Useful resource Group and a director of E29 Sources and MLK Gold. He accomplished his undergraduate Bachelor of Science in geology on the College of Western Ontario. Elliott has spent over 10 years in copper and gold exploration in South America and the US of America.

Richard Osmond – Chairman

Richard Osmond has over 25 years of expertise within the mining sector, together with expertise with INCO (VBNC), Falconbridge and Anglo American. He was concerned in exploration discoveries at Vale’s Voisey’s Bay deposit and Glencore’s Raglan mine. He was later employed as a senior technical chief with Anglo American. At Anglo American, Osmond was liable for nickel exploration in Northern Canada, Alaska and Scandinavia in addition to IOCG and porphyry Cu-Mo exploration in Mexico and Alaska. Osmond is at the moment the president and CEO of GlobeTrotters. Osmond holds an Honors Bachelor of Science from Memorial College.

Stephanie Ashton – Director

Stephanie Ashton has greater than 25 years of expertise within the mining trade and pure assets sector. Particularly, Ashton’s expertise is within the exploration and growth of mining initiatives. In Latin America, she served on the boards of junior mining firms and as an officer within the capability of CFO and vp of company growth. Ashton holds a Bachelor of Science in worldwide enterprise from California Polytechnic State College, a grasp’s in enterprise from the HEC College of Administration and a grasp’s in mineral economics from the Universidad de Chile.

Douglas Turnbull – Director

Douglas Turnbull is a consulting geologist with over 30 years of expertise in diamond, treasured and base metallic exploration. He holds an Honors Bachelor of Science diploma in geology and is a Certified Skilled Geoscientist acknowledged by the Engineers and Geoscientists of British Columbia. Turnbull has managed or served on the boards of various junior exploration and mining firms with property starting from early- to advanced-stage initiatives worldwide. Turnbull holds an Honors Bachelor of Science in geology from Lakehead College.

Richard Leveille – Director

Richard Leveille has an completed profession that spans over 40 years. He attended the College of Utah, graduated with a B.Sc. in geology, and later accomplished his grasp’s in geology from the College of Alaska. His work expertise progressed by way of firms corresponding to AMAX, Kennecott, Rio Tinto and Phelps Dodge. Leveille was additionally the senior vice-president of exploration for Freeport Copper & Gold, the place he managed the crew that helped add important copper to reserves and made the Chukarui Peki discovery in Serbia, which shared the 2016 PDAC Thayer Lindsley Worldwide Mineral Discovery Award. Since his retirement at Freeport in 2017, Leveille has been working as a consulting geologist specializing in mineral exploration initiatives in Australia, South America and the US.

Jasmine Lau – Chief Monetary Officer

Jasmine Lau has an in depth background within the useful resource sector and has served as CFO of a number of public exploration firms with worldwide initiatives. Lau beforehand labored at Teck Sources and Deloitte & Touche LLP’s Vancouver Assurance & Advisory group, the place she targeted on audits of public mining firms. She holds a Bachelor of Commerce from the College of British Columbia.

Manuel Montoya – Common Supervisor of Peru

Manuel Montoya is a founder and normal supervisor of GlobeTrotters, Ingredient 29 and Forte Minerals. Montoya is a extremely revered exploration skilled with greater than 43 years of expertise within the mining and petroleum industries of Peru. He found the Zafranal Cu-Mo porphyry deposit in Peru for Teck. He has additionally efficiently constructed and led groups exploring copper, gold and zinc in all kinds of deposit sorts all through the Andes of South America for Teck.

Anna Dalaire – VP of Company Growth and Company Secretary

Anna Dalaire has 15 years of capital markets expertise specializing in compliance and company communications. Throughout her profession, she has labored extensively with junior exploration firms in numerous company capacities. Dalaire’s background is in advertising with a deal with digital communications. Dalaire obtained her govt assistant and paralegal certificates.

Mike Carter – Lead Vitality Advisor

Mike Carter has been a big determine in renewable vitality for over 25 years. As a founding companion at First Inexperienced Vitality, Carter helped push ahead new developments in renewable vitality. He has led important mineral exploration initiatives in Chile and Peru and has taken cost of serious initiatives in photo voltaic vitality, vitality storage and hydroelectric initiatives. His sturdy management at First Inexperienced Vitality and expertise in sectors like mining, manufacturing, agriculture and the automotive trade converse for themselves. Carter highlighted the advantages of mixing renewable vitality with conventional mining on the World Financial institution’s Local weather Good Mining convention. He is identified for working with high mining firms offering experience in including photo voltaic vitality to their operations. He helped develop and safe over $15 million in grant funding to display new viable applied sciences at a big revenue. This served as a template leading to profitable exits from follow-on initiatives which bid Canadian record-breaking charges into the Province of Alberta’s name for energy. His work in agrivoltaics – combining photo voltaic initiatives with farming – is a superb instance of his ongoing revolutionary method in the direction of vitality growth.

Tom Henricksen – Technical Advisor

Tom Henricksen has greater than 35 years of expertise within the mining trade. Henricksen is an exploration geologist with many discoveries, together with Constancia, Corani and Ollachea whereas consulting Rio Tinto. He was instrumental within the useful resource growth of Zafranal for AQM Copper and the invention of Franke in Chile for Centenario Copper (Quadra) and Sizzling Maden in Turkey. Henricksen is a recipient of the 2018 Colin Spence Award.

Ricardo Labó – Mineral Economist Advisor

Ricardo Labó is a Peruvian mineral economist with greater than 22 years of trade expertise in Peru, Latin America and Africa, each in the private and non-private sectors. He’s at the moment the nation supervisor in Peru for Ingredient 29 (TSXV:ECU), a companion at LQG Vitality and Mining Consulting, Common Supervisor of LQG Ambiental and Government Director of the Australia Peru Chamber of Commerce.

He has held a number of high-level positions within the Ministry of Vitality and Mines of Peru together with Vice Minister of Mines, advisor to the Minister of Vitality and Mines in addition to director of mining promotion and growth the place he efficiently promoted accountable mining exploration and growth funding within the nation. Within the non-public sector, he held a number of senior positions at Rio Tinto, Roche, Phelps Dodge and Grupo Apoyo, offered strategic advisory and consultancy companies to a number of worldwide mining firms and establishments, and was a board member of a number of non-public and state-owned mining and vitality firms.

Peter Espig – Monetary Advisor

Since November 2013, Peter Espig has been the president and CEO of Nicola Mining (TSXV: NIM). He has been lively within the turnaround of mining initiatives and has functioned in administration and director roles for quite a few mining firms. He’s skilled within the evaluation of funding alternatives, elevating capital, deal sourcing, monetary structuring, and company turnaround.

Espig served as vice-president of the Principal Finance and Securitization Group and Asia Particular Conditions Group for Goldman Sachs Japan. Earlier than becoming a member of Goldman Sachs, Espig was vice-president of Olympus Capital, a New York non-public fairness agency, the place he participated in company restructurings, funding evaluation and financing negotiations for each home and worldwide investments.