JV Article: “The biggest catalyst for us has been our resource update, we are very pleased to have 6.2 million tonnes of indicated resources [and] 3.1 million tonnes of inferred resources.” Jacob Willoughby, VP at BMRcorp_ $BMR.V batteryminerals copper
Aerial view of Punataqui drilling, San Andres zone, 2021. Image from Battery Mineral Resources.
Punitaqui was owned by Glencore from 2010-18, when it operated MAP for eight years and produced between 20 to 25 million pounds of copper annually. But when Glencore merged with Xstrata in 2014, it no longer made sense to keep the asset based on its size. The process plant is currently permitted for 100,000 tonnes per month with allowances up to 3,600 tonnes per day.
“We're still working on improving on these results, but they are an excellent starting point. And they are decidedly better than what our predecessors were able to recover,” Willoughby points out.
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