To access the full interview visit https://b2binterviews.com/luminex-resources .
B2B (00:01): Our guests today are Marshall Koval, Chief Executive Officer, and Scott Hicks, VP Corporate Development and Communications at Luminex Resources. Luminex trades on the TSX Venture Exchange under the ticker LR and OTCQX symbol LUMIF. Good day gentlemen. Thank you for joining us today on B2B Interviews.
B2B (00:31): Gentlemen, I thought you might begin with a brief introduction and overview of the company.
MK (00:35): Sure, Todd. Luminex was a spin out from its sister company Lumina Gold in 2018 and the strategy of our group, which we call the Lumina Group, has really been to separate our most advanced projects, which at the time was the one in Lumina Gold, and then spin out the other assets and look to do the same thing over time and create value for shareholders that way.
All the projects we had in Ecuador at the time, with the exception of Cangrejos, went into Luminex. Our main project today is the Condor Project, which is about a six and a half million out sold project with a bunch of different deposits comprising that and then a very large land package throughout the rest of Ecuador with a heavy focus on the trend below and above Fruta del Norte and Mirador, which are the two operating mines in country right now.
Our work is continuing at Condor with money that we raise in the capital markets and we're onto some pretty new exciting drill results there in an area we call Condor North. Then we have partnerships on some of our early-stage copper projects. We have a partnership with Anglo American, obviously a very large-scale copper producer.
They're working on our Pegasus project in the north of the country and we have a partnership with Jogmec, which is a Japanese group, on our Arcadias project and they're doing some drilling there on a copper pour free target.
Then the rest of the projects in the portfolio, we look to continue doing early-stage field work on those and we're continually evaluating other partnerships to help de-risk these projects without necessarily risking our capital, so it's a bit of a mixed strategy in this company.
We have Condor, which is the gold project that we're using our own money on, and then taking a bit of a partnership approach on a lot of these earlier stage copper projects throughout the country.
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