Luminex Resources
Financials:
Primary ticker: TSXV:LR
Stage of development: Exploration, Development
Primary minerals: Gold, Copper
Project to promote: Cangrejos, Condor
Project location: Ecuador
Website: luminexresources.com
North and expects to update the resource for Condor. This new area has the potential to substantially change the economics of Condor North. Anglo American and JOGMEC are partners on early stage copper focused joint venture properties.
Cash: CAD$6M
Debt: NIL
Major shareholders:
Ross Beaty – 20%
Ecuadorian Group – 14%
Route One – 9%
Management Ownership – 4%
Map of Projects
Management Profile
Scott Hicks – VP Corp. Dev.
Mr. Hicks was previously an investment banker working with RBC Capital Markets and BMO Capital Markets. He also served as VP Corporate Development and Communications of Anfield Gold. He currently serves as CEO of Strategic Resources and VP Corporate Development and Communications of Lumina Gold & Luminex.
Marshall Koval – CEO
Mr. Koval is a mining executive with approximately 45 years of experience and has worked on mining projects in over 30 countries. He served as Chairman & CEO of Anfield Gold Corp and is currently CEO and Director of Lumina Gold Corp, a Director of Equinox Gold and a Director of Miedzi Copper Corp. Previously, Mr. Koval was a partner in Lumina Capital, LP and served as CEO of Northern Peru Copper Corp, VP of Corporate Development for Lumina Copper Corp, President of Pincock, Allen & Holt and held management positions with Golder Associates, BHP/Utah International, Inco, Meridian Minerals and Inspiration Consolidated Copper. Mr. Koval holds a BSc. in Geology from the University of Missouri.
What is your rationale for taking part in 121 Mining Investment?
Increasing investor awareness and increase market liquidity.
What recent news would you like to highlight to investors attending?
The Lumina Gold Pre-Feasibility results from April 2023
The Lumina Gold US$300M Wheaton Precious Metals Financing.
The Luminex drilling since September 2022 to now on Cuyes West and Camp
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Increasing valuation multiples back to historical norms to allow for continuation of work with less dilution.
What do you think makes your company such a compelling investment?
Excellent valuation opportunity based on the existing PEA and resource. 2022/2023 drilling showed that this will only improve. Our JV copper partnerships are not valued in the share price at present.
What are the top 3 key investor takeaways?
We have a meaningful gold resource over 6Moz and it is growing with high grade underground target drilling.
The company has one of the largest land packages in Ecuador.
It has brought in almost US$45M using the earn-in and partnership model on non-core properties since 2018.