Canadian junior to fast-track San Juan copper/gold project

The Josemaria copper/gold project in the Andes mountains of San Juan, Argentina, will be on an accelerated development schedule, as Canadian junior NGEx Resources moves to elevate the project to construction-ready level amid a global scarcity of such projects.

With the long-term copper fundamentals strong and the global project pipeline at multi-decade lows, NGEx believes that construction-ready projects will attract premium valuations, CEO Wojtek Wodzicki said on Tuesday, announcing the outcomes of a prefeasibility study for Josemaria.