Impact: Neutral
Libero’s ongoing field program at its 100%-owned Mocoa porphyry Cu-Mo project in Colombia identified new occurrences of leached cap in outcrop. We are encouraged with the identification of additional areas of leach capping as it suggests there could be similar porphyry Cu-Mo mineralization beneath them as is found at the Mocoa deposit. This further supports the thesis that Mocoa could potentially be a clustered porphyry system and be larger than currently defined as suggested by previous alteration and geophysical studies (read more). Progress has also been made recently with creating a new access road and conducting systematic field work. Additional discoveries and resource expansion at Mocoa are two factors we believe are key to a potential re-rating of Libero’s stock price. We will be hosting a webinar with Libero’s President & CEO, Ian Harris, today at 2pm ET to get an update on the company’s strategy and plans for 2023 (register here).
