Mitre Mining Corporation Limited (ASX: MMC) presents a substantial ready-to-operate silver-gold mine located in the Deseado Massif, Chile. This region boasts a stellar reputation as a premier mining province, home to industry giants like Newmont, Yamana, Anglo Ashanti, and McEwen Mining. The project exhibits rapid resource growth potential, with immediate drilling plans in motion. Exceptional exploration prospects are highlighted by impressive grades, such as 34,421 g/t silver and 169 g/t gold.
The current resource base stands at 24.7 million ounces (Moz) of silver equivalent, averaging 206 g/t silver equivalent, with anticipated growth in FY2024. Supported by over AU$150 million worth of existing infrastructure, including underground facilities, a processing plant, offices, mining equipment, and a wind farm, the project offers a clear pathway towards establishing a significant silver operation in the near to medium term.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
