ATEX Resources
Primary ticker: TSXV:ATX
Stage of development: Exploration
Primary minerals: Copper-Gold
Project to promote: Valeriano Copper Gold Project
Project location: Chile
Website: www.atexresources.com
ATEX Resources (TSXV: ATX) hosts the Valeriano copper-gold project in Chile and is knocking on the door of joining the list of the top 10 undeveloped copper projects worldwide. Valeriano is adjacent to the El-Encierro deposit, operated by Antofagasta and in close proximity to other active projects in the area with ownership among Teck Resources, Newmont Mining, Lundin Mining and BHP.
The Company’s 2024-2025 catalyst-rich Phase V program is building on the success of Phase IV, delivering the best drill results to date, extending the high grade porphyry core as well as defining the newly discovered high grade breccia zone (“B2B”) which is closer to surface. The Valeriano system remains open in all directions with significant optionality and scalability.
Cash: CAD $50M
Debt: CAD $0M
Major shareholders:
Agnico Eagle Mines – 12%
Pierre Lassonde – 11%
Franklin Advisors – 5%
Merk Investments – 3%
BMO Asset Management – 2%
Management and Directors – 4.5%
Financials
Management Profile
Ben Pullinger – President, CEO and Director
Over 20 years of international mineral exploration and business development experience.
Held senior executive positions with Golden Star Resources, Excellon Resources and Roxgold. Until his appointment as President and CEO, served as SVP, Exploration and Business Development at ATEX. Graduated with a HBSc in Geology from the University of Johannesburg.
Aman Atwal – VP, Business Development and Investor Relations
Over a decade of Corporate Development and IR experience with senior public mining companies. Previously a Director, Corporate Development with Lundin Mining which included the acquisitions of the Caserones, Josemaria and Chapada assets. Previously held positions in Investor Relations at Barrick Gold and in Equity Research at Barclays. Holds a MBA, CFA, and LLM (Master of Laws).
What is your rationale for taking part in 121 Mining Investment?
What recent news would you like to highlight to investors attending?
March 18, 2025 – ATEX Intersects 30 Metres of 4.40% CuEq in Highest-Grade Porphyry Intersection at Valeriano to Date
February 24, 2025 – ATEX Extends High-Grade Porphyry Trend Intersecting 220 Metres of 1.00% CuEq Within Broader Intercept With Remaining Assays Still Pending
January 23, 2025 – ATEX Drills New Record Intercept at Valeriano Hitting 152 Metres of 2.03% CuEq Within 342 Metres of 1.48% CuEq With Assays on Remainder of Hole Pending
December 19, 2024 – ATEX Announces Early Achievement of 100% Ownership of the Valeriano Project
December 11, 2024 – ATEX Announces Results of Second Metallurgical Program Further Demonstrating Outstanding Recoveries for Copper and Gold at Valeriano, Phase V Drill Program Underway with Fourth Rig Being Mobilized
November 1, 2024 – ATEX Announces Closing of Strategic Investment by Agnico Eagle and Final Settlement of Credit Facility
October 25, 2024 – ATEX Announces US$40 Million Strategic Investment by Agnico Eagle
September 30, 2024 – ATEX Announces Appointment of Rick McCreary to Board of Directors
September 9, 2024 – ATEX Announces Phase V Exploration Plans
June 25, 2024 – ATEX Demonstrates Scalability and Discovers Overprinting High-Grade System in Phase IV Drill Program
June 3, 2024 – ATEX Appoints Chris Beer to Board of Directors
May 15, 2024 – ATEX Discovers New High-Grade Mineralization At Valeriano Intersecting 68 Metres Of 2.02% CuEq Within A Broader Intercept Of 356 Metres Of 0.98% CuEq
April 30, 2024 – ATEX Step Out Drilling Intersects 114 Metres Of 0.88% CuEq Within A Broader Interval Of 862.2 Metres Of 0.62% CuEq
April 3, 2024 – ATEX Announces CEO Succession and Strengthens Management Team
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Phase V drilling
6 Months:
Mineral Resource update, Phase VI drill program
12 Months:
Completion of Phase VI drill program
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
What do you think makes your company such a compelling investment?
What are the top 3 key investor takeaways?
Still in the early innings, Valeriano already ranks among the largest copper-gold deposits with a high quality grade profile. The limits of the system still remain unknown. Valuation discount to peers presents an attractive entry point as ATEX continues to de-risk Valeriano and has brought on Agnico Eagle as its largest shareholder.