NGex Resources

Website: www.ngexresources.com
Primary ticker: TSX:NGQ
Stage of development: Exploration, Development
Primary minerals: Copper, Gold
Project to promote: Josemaria and Los Helados

Live financials

NGEx Exploration Inc. is a Lundin Group exploration and development company, whose focus is on advancing the development of its two large copper-gold deposits, Los Helados (62%) and Josemaría (100%), located in Chile’s Region III and adjacent San Juan Province, Argentina. In addition to the Josemaria and Los Helados projects NGEx holds district scale exploration projects in Argentina which are under evaluation.

In Nov 2018 NGEx announced positive PFS results its Josemaria project as a potential a stand-alone project – $2.0 billion after-tax NPV and IRR of 18.7%.

In Dec 2018 the NGEx announced its intent to spinout Josemaria as a stand-alone entity.

Considered one of the best exploration-development plays in the region and one of the largest junior-held copper/gold resources in the industry, NGEx is well-positioned for future growth.

Management Profile

Wojtek Wodzicki, President & CEO

Wojtek Wodzicki, President and CEO
Dr. Wodzicki has a doctorate in Geosciences from the University of Arizona and over 30 years of experience in international mineral exploration and corporate management. He has led successful exploration teams throughout the world, and has managed large scale projects from the generative stage through to engineering studies. Teams led by Dr. Wodzicki are responsible for several significant discoveries including Los Helados, Josemaria, Filo del Sol, and El Limon-Guajes. Dr. Wodzicki has worked for the Lundin Group since 2007 and was previously CEO of Filo Mining and Sanu Resources and served as a director of several public companies. He was responsible for the spinout of Filo Mining from NGEx, and is currently a director and technical adviser to Filo Mining.


What is your rationale for attending 121 Mining Investment?

NGEx Resources recognizes the potential for quality investors introduced through 1-2-1 Mining Investment Conferences, and looks forward to garnering exposure to these individuals and groups, and to expanding the Company’s profile and investor base.

What recent news would you like to highlight to investors attending?

March 2019 – NGEx Drills 424 metres at 0.51% copper and 0.41 g/t gold and 308 metres at 0.65% copper and 0.37 g/t gold in reserve definition program at Josemaria
December 2018 – NGEx Announces Intention to Spin-Out Josemaria Project
November 2018 – NGex Announces Positive PFS Results for Josemaria with a US$2.0B After Tax NPC and 19% IRR

What are your key goals for the next 3, 6 and 12 months?

3 Months:

Feasibility Study works underway – anticipated approx. 18 months

Initiate permitting process

6 Months:

Explore opportunities for potential development partnerships as well as synergies and cooperative development plans with other regional operators to use spare capacity of processing plants and infrastructure, including port facilities.

In a sentence, what do you think makes your company such a compelling investment?

Considered one of the best exploration-development plays in the region and to have one of the largest junior-held copper/gold resources in the industry, NGEx is well-positioned for future growth.