Antares Minerals

Malcolm Bucholtz B.Sc, MBA Analyst

Trading Note

Antares Minerals is squarely focused on unlocking value in projects in South America. At present, Antares is focused on its Haquira Copper Project in Peru and on its 50/50 joint ventured Rio Grande Copper-Gold Project in Argentina. The Antares team is led by President John Black. Mr. Black is no stranger to South America having a number of years in places like Chile, Ecuador, Peru and Argentina with the likes of Kennecott and Western Mining. Mr. Black is ably assisted by Chief Operating Officer Robert Wunder who has worked around the globe on mining projects for the likes of Kennecott, Echo Bay Mines and Gold Reserve.

Haquira – Positive Preliminary Economic Assessment

The Haquira project is located in south-central Peru adjacent to mining giant Xstrata's La Bamba project. Antares Minerals has now received a positive scoping study and preliminary economic assessment on the near surface portion of the mineralization at the Haquira project. The scoping study shows that for a capital investment of $301 million, a 50,000 tonne per day heap leach mining/milling operation could be built that would see Copper cathode produced using the SX-EW process over an 11 year mine life. This study was centered around a resource of 212 million tonnes of indicated mineralization grading 0.42% Copper and an additional inferred resource of 77.2 million tonnes grading 0.35% Copper. Read more »