Luminex Resources is drilling its high grade Cuyes West target in Condor North and expects to update the resource for Condor in 2023. This new area has the potential to substantially change the eocnomics of Condor North. Anglo American and JOGMEX are continuing work on the copper focused joint venture properties.
Ross Beaty – 20%
Ecuadorian Group – 14%
Route One – 9%
Management Ownership – 5%
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.
Increasing investor awareness and increase market liquidity.
The Luminex drilling since September 2022 to now on Cuyes West and Camp
The Luminex joint venture news
Increasing valuation multiples back to historical norms to allow for continuation of work with less dilution.
Excellent valuation opportunity based on the existing PEA and resource. 2022 drilling showed that this will only improve. Our JV copper partnerships are not valued in the share price at present.
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.