Cordoba Minerals Corp


Primary ticker: TSXV:CDB
Stage of development: Exploration, Development
Primary minerals: Copper, Gold
Project to promote: San Matias Project and Perseverance Project
Project location: Colombia for San Matias, Arizona USA for Perseverance
Corporate presentation: Click here


Cordoba Minerals Corp. is a mineral exploration company focused on the exploration, development and acquisition of copper and gold projects. Cordoba is developing its 100%-owned San Matias Copper-Gold-Silver Project, which includes the Alacran Deposit and satellite deposits at Montiel East, Montiel West and Costa Azul, located in the Department of Cordoba, Colombia. Cordoba completed the PFS for Alacran Deposit in Jan, 2022 and is now moving towards FS stage for the Project. Cordoba is also exploring the Perseverance Copper Project in Arizona, USA, under a Joint Venture and Earn-In Agreement with Bell Copper Corporation. Cordoba currently holds a 51% interest in the Perseverance Project with the option to earn up to 80%.

Major shareholders:

Ivanhoe Electric Inc. – 63.36%
JCHX Mining Management Co., Ltd. – 19.99%

Management Profile

Sarah Armstrong-Montoya – President & Chief Executive Officer
Ms. Armstrong-Montoya has held various senior management positions within the Ivanhoe group of companies since she joined in 2010. She was appointed as Vice President, General Counsel of the Company in 2016 and in June 2018 also appointed as President of subsidiary Minerales Cordoba S.A.S., managing all in-country operations in Colombia. Ms. Armstrong-Montoya has a legal background and previously worked at Xstrata Copper, Linklaters and Corrs Chambers Westgarth. She has extensive experience in emerging markets having directed many transactions throughout Asia-Pacific and Latin America, furthermore, she is fully bilingual in Spanish and English.

What is your rationale for taking part 121 Mining Investment?

We have a raise coming up and are also looking for strategic partners on project level and long-term investors.

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

Jan 11, 2022 – Announcement of Positive PFS for 100% Owned Alacran Deposit within the San Matias Project in Colombia
March 17, 2022 – Cordoba Earns a 51% Interest in the Perseverance Copper Project in Arizona, USA

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

3 Months:

Exploration drill results for Alacran Deposit in Colombia
Typhoon IP survey commence at Perseverance Project in Arizona USA
Starts feasibility study for San Matias Project


6 Months: 

Infill resources drilling commence at San Matias Project in Colombia
Exploration drilling at Perseverance Project in Arizona USA


12 Months:

Further economic trade-off studies for Feasibility Study at San Matias
Complete Feasibility Study for San Matias Project

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Most people would want to know more about the government and community relations when developing projects in Colombia. For Cordoba, we have good relationships with the government from grass root up to the federal level. San Matias Project is a national interest of project in Colombia and we have collaborative relationship with the government authorities and have their support to move the project forward. The project locates in the Cordoba region with two operating open-pit mines in close proximity of the project, this means the local communities and government are familiar and support mining operation. We have a mobile social team and partnered up with a reputable social engagement companies to engagement with local communities to implement robust social programs and plan for relocation for the some communities that apply to the situation. Based on our community consultation, over 70% of the communities members are interested in working at the project when it takes off.

What do you think makes your company such a compelling investment?

We have got all the components to develop an economical and sustainable project that will bring values to the investors and stakeholders.
At our flagship project, we published a robust PFS in January 2022 is moving into FS stage. The San Matias project is considered a national interest that supported by the local government and communities. Two permits required for construction and operation are well underway with a timeline to move into production in four years. The long-term demand for copper will continue to grow as it’s an important element for green energy and transition.

What are the top 3 key investor takeaways?

1. The company and its projects are part of Robert Friedland’s project portfolio and lead by experienced management team that have been working for Robert for over a decade,
2. A robust copper project with many upside opportunities in Colombia that is considered a national interest with the support from the government and local communities.
3. Progressive de-risking timeline getting the project ready for development in four years to feed the increasing long-term copper demand in green energy transition.