Panoro Minerals Ltd. (TSX-V: PML, OTC: POROF) is a uniquely positioned Peru-focused copper exploration and development company. The Company is advancing its flagship project, Cotabambas Copper-Gold-Silver Project and its Antilla Copper-Molybdenum Projects located in the strategically important area of southern Peru.
Panoro has completed strategic partnerships at four of its projects:
Precious Metals Purchase Agreement with Wheaton Precious Metals at the Cotabambas Project;
Joint Venture with JOGMEC at the Humamantata Project;
Sale to Hudbay Minerals of the Kusiorcco Project for cash and NSR royalty; and
Sale to Mintania of the Cochasayhuas Project for cash and NSR royalty.
These partnerships would provide, if all received, US$ 15.5 million of funding to Panoro from 2020 to 2024, not including the potential NSR royalties from the Kusiorcco and Cochasayhuas Projects.
At the Cotabambas Project, the Company is focused on delineating the growth potential while optimizing the project economics. Exploration and step-out drilling from 2017, 2018 and 2019 has identified the potential for both oxide and sulphide resource growth.