Exploration Strategy and Corporate Advisory
PROJECT
La Cobaltera Exploration
LOCATION
Region III, Chilé
CLIENT
Chilean Cobalt Corporation | Baltum Minera SpA
TIMEFRAME
2019 – 2020
BGP PRACTICES INVOLVED
BGP Denver | United States
MAIN SERVICE AREA
Mineral Exploration | Geology and Resources | Mining Project Evaluation
BGP PRACTICES INVOLVED
3D Geological and Domain Modelling | Mineral Exploration Targeting | Exploration Sampling, Analysis, and QA/QC | Mining Economics and Finance | Technical Reporting to International Mining Codes | Mining Risk Assessment
PROJECT DESCRIPTION
BGP assisted a private equity client with their corporate strategy and investor support on their advanced-stage, exploration project targeting cobalt-copper mesothermal vein systems. The La Cobaltera mining district is comprised of cobalt (Co) and copper (Cu) vein systems along multiple exploration trends and is considered one of the top cobalt prospects in Chile. With artisanal mining activity from the 1840s to mid-1900s, significant small-scale historical production occurred in the district at grades averaging >6% Co and >2% Cu. The client is conducting the first modern exploration program in the region and required assistance determining which of the many exploration targets presented the best potential economic case(s) to support capital costs for expediting an initial mine start-up.
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