This year, Libero Copper and Gold Corp. (LBC:TSX.V:, LBCMF:OTCQB) intends to advance all four of its copper projects via drilling, reported Red Cloud Securities analyst Taylor Combaluzier.
A rig is now being mobilized to Mocoa for the upcoming 5,000 meter (5,000m) expansion drill campaign.
"We firmly believe Mocoa is a hidden gem in Libero's portfolio," Combaluzier wrote, adding the project's current inferred resource is 636,000,000 tons of 0.45% copper equivalent, using a 0.25% grade cutoff. "We believe drilling success that allows Libero to expand the resource or upgrade the existing Inferred resources to a higher classification level could potentially help push the stock higher."
The analyst noted that Mocoa is located in a mining-friendly jurisdiction that wants to become the world's third largest copper producer and, thus, play a key role in the global transition to green energy. This is advantageous to Libero.
Combaluzier pointed out that the explorer's projects Argentina and British Columbia offer "vast exploration potential." As such, Libero plans to drill 5,000m at Esperanza this year to confirm the depth and size of the target there. The explorer is waiting to receive the necessary drill permits, which are expected in Q1/22. Drill campaigns at Big Red and Big Bulk also are schedule to take place in 2022, starting in July.
Overall with its copper assets, Libero is well-positioned, Combaluzier purported, to capitalize on the future demand for copper, by the world and by the mining majors, driven by the global shift toward electric vehicle and green energy use.
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Disclosures and Disclaimers, Red Cloud Securities Inc., Libero Copper & Gold Corp., Feb. 9, 2022
Red Cloud Securities Inc. is registered as an Investment Dealer in all Canadian provinces and territories, and is a member of the Investment Industry Organization of Canada (IIROC). Part of Red Cloud Securities Inc.'s business is to connect mining companies with suitable investors. Red Cloud Securities Inc., its affiliates and their respective officers, directors, representatives, researchers and members of their families may hold positions in the companies mentioned in this document and may buy and/or sell their securities. Additionally, Red Cloud Securities Inc. may have provided in the past, and may provide in the future, certain advisory or corporate finance services and receive financial and other incentives from issuers as consideration for the provision of such services.
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Red Cloud Securities Inc. takes no responsibility for any errors or omissions contained herein, and accepts no legal responsibility for any errors or omissions contained herein, and accepts no legal responsibility from any losses resulting from investment decisions based on the content of this report.
Company Specific Disclosure Details:
The analyst has visited the head office of the issuer or has viewed its material operations.
The issuer paid for or reimbursed the analyst for a portion or all of the travel expense associated with a visit.
In the last 12 months preceding the date of issuance of the research report or recommendation, Red Cloud Securities Inc. has performed investment banking services or has been retained under a service or advisory agreement by the issuer.
In the last 12 months, a partner, director or officer of Red Cloud Securities Inc., or the analyst involved in the preparation of the research report has received compensation for investment banking services from the issuer.
The analyst who prepared this research report has a long position, in the issuer’s securities.
Taylor Combaluzier, P.Geo. | Mining Analyst:
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