At the Precious Metals Summit in Zurich, Marc talks with Steven Zadka, Founder and Executive Chairman of Cerro de Pasco Resources (TSX-V: CDPR), about the Quiulacocha tailings in Peru, one of the largest above-ground mineral assets in the world.
Topics:
- Rights: the new agreement with the government that secures the entire tailings area and the land for 30 years
- Size: an estimated 70–80 Mt, with the final 97-hole drill program running through March
- Metallurgy: a new approach of floating the pyrite into a bulk sulphide concentrate, targeting over 90% silver recovery
- By-product: sulfuric acid from roasting as a valuable additional product
- Mining method: no mining and no milling, only slurry pumping
- Ownership: Eric Sprott holds about 19%
- U.S. support: the DFC agreement, with US$5M in development funding and interest in more than US$300M of construction financing, driven by the gallium in the tailings
- Timeline: resource estimate by mid-2027 and feasibility study in early 2028
#CerroDePasco #Silver #Gallium #Peru #Tailings #CriticalMinerals #PreciousMetalsSummit
Disclaimer: This interview does not constitute investment advice.
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