With a history spanning three generations in the resource industry, the Lundin Group takes a long-term view on assets with a focus on quality. LunR’s initial royalties include two of the largest and most exciting undeveloped copper-gold projects in the world, located in the emerging Vicuña District: Lunahuasi (House of the Moon) and Los Helados.
Los Helados
- Location: Region III, Chile
- Ownership: 69% NGEx, 31% Nippon Caserones Resources
- Deposit Type: Copper-Gold Porphyry
- Mineralization: Copper-Gold-Silver
- Royalty: 1.38% NSR (attributable to LunR)
Los Helados is one of the largest undeveloped copper-gold resources in the world. The deposit is located approximately 17 kilometres from the operating Caserones mine, where NGEx Minerals’ 31% partner at Los Helados also holds a minority interest. In addition, Los Helados is approximately 10 kilometres from Lundin Mining’s Josemaria project which is under development in San Juan Province, Argentina.
Lunahuasi
- Location: San Juan Province, Argentina
- Ownership: 100% NGEx
- Deposit Type: High-sulphidation epithermal system
- Mineralization: Copper-Gold-Silver
- Royalty: 1% NSR
Lunahuasi is the most recent discovery in the emerging Vicuña District which encompasses the Caserones mine, and the Josemaria, Filo del Sol and Los Helados deposits. Drilling to date at Lunahuasi has returned the highest grades ever encountered in the Vicuña District with significant upside as NGEx continues to explore the large mineralized system.