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Oroco Resource Corp.

TSXV:OCOLive AI agent

Oroco Resource Corp., founded in 2006, is a Canadian mineral exploration company with a history of and expertise in the development of resource opportunities in Mexico.

Investor website: https://orocoresourcecorp.com/

About

Oroco Resource Corp., founded in 2006, is a Canadian mineral exploration company with a history of and expertise in the development of resource opportunities in Mexico. Oroco’s focus is the definition of a mineral resource at its Santo Tomás project as well as work ancillary to its development. Santo Tomás, located at low elevation in coastal northwest Mexico, hosts a large copper-gold porphyry system.

Verified company data

Cash position
$0
Shares outstanding
325,954,143
Fully diluted shares
382,624,000
Mineral resource
Oroco announced a revised Preliminary Economic Assessment ("PEA") and updated Mineral Resource Estimate ("MRE") for the North Zone and South Zone of its Santo Tomas Porphyry Copper Project in Sinaloa State, Mexico. The updated MRE and geologic model were prepared by SRK Consulting (U.S.), Inc. and SRK Consulting (Canada) Inc. The PEA outlines a staged open pit operation starting at 60,000 tonnes per day in Year 1, with a total Life of Mine (LOM) of 22.6 years. The PEA highlights include an NPV (8%) of US$2.64 billion pre-tax and US$1.48 billion post-tax, an IRR of 30.3% pre-tax and 22.2% post-tax, total LOM payable copper production of 4,774 million pounds, and initial capital costs estimated at US$1,103.5 million.
Projects
["Santo Tomás Project Overview: Santo Tomás hosts a large, outcropping porphyry copper deposit comprised of fracture-hosted and disseminated Cu and Mo sulphides with significant Au and Ag credits. The Project lies within the Laramide Belt, a NW-SE trending copper belt extending from southwestern USA into southern Mexico that includes numerous world-class copper deposits, including the Cananea district, which hosts one of the largest copper deposits in the world. Oroco is currently advancing Santo Tomás through Phase 2 drilling, with a program focused on resource conversion, de-risking the project, and advancing toward Pre-Feasibility Study (PFS)-level work. The project is located at low elevation in the municipality of Choix adjacent to the Fuerte River, in the western Sierra Madre mountain range. The project straddles the border between the Mexican States of Sinaloa and Chihuahua. Proximal infrastructure includes the deep-water port of Topolobampo, located 160km to the south-west, connected by sealed roads, a rail line, high voltage power supply, and a high-pressure gas pipeline, all within 20km or less of Santo Tomás. The region is home to numerous mining operations and has a strong regional mining culture and highly supportive local community.","Xochipala Project: Oroco holds a 100% interest in two contiguous mineral concessions in Guerrero, Mexico; Celia Generosa and Celia Gene, totaling 193 hectares and together called the Xochipala Project. This interest was acquired in 2007 and was registered with the Mexican Public Registry of Mining in August of 2012. The Xochipala claims cover ground in the Guerrero Gold Belt sufficient to potentially generate reserves greater than 1 million ounces gold in ore bodies similar to the productive high-grade ore bodies that have been discovered in the past within the region. Oroco’s Xochipala Project is located in the southeast extreme of the original Morelos National Mining Reserve, which includes the most promising and expanding gold reserves in Mexico. The project area is well served by a network of local roads and the principal centers of population are Xochipala just one kilometre from the property boundary, and the State capital of Chilpancingo approximately 30 kilometres away by good paved road."]
Leadership
Charles Cryer (CEO, Mr. Cryer brings more than 30 years of global capital markets experience encompassing both natural resources and emerging markets investment banking, together with earlier experience as an exploration and field engineer.), Craig J. Dalziel (Chairman, Craig Dalziel, Chairman of Oroco Resource Corp., brings 35 years of financial, investment and corporate governance experience to the company, most recently as President and a Director of ATM Mining Corp.), Ian Graham (President, Mr. Graham is an accomplished mining professional with over 20 years of experience in the development and exploration of mineral deposits, mostly gained with major mining companies Rio Tinto and Anglo American.), Steven E. Vanry (CFO, Steve Vanry’s career includes over 25 years with public and private natural resource companies at both the management and board levels.), Stephen M. Leahy (Director, Stephen Leahy has an extensive and diverse business background, formerly the Chairman and CEO of American Tungsten Ltd.), Faysal A. Rodriguez (Director, Faysal Abhem Rodriguez Valenzuela brings more than 25 years of mining leadership to Oroco, with a career spanning operations, mine development, and community engagement across Mexico, Honduras, Peru, and Chile.), Robert G. Friesen (Director, Robert Friesen, a P. Geo. (Ret), has served several major and junior mining companies, including five years with Teck Exploration Ltd. and 17 years with the Noranda group.), Ian W. Rice (Director, Mr. Rice is a well-known international entrepreneur with a career focus on the mining and renewable energy sectors.), David W. Rose (Corporate Secretary, David Rose has been a practicing lawyer since 1990, providing legal and management consulting services to resource companies and venture start-ups for the last 20 years.)

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