The Company's principal business objectives are the identification, acquisition, exploration, development and sustainable production of base metal properties in geographic regions known to have low geopolitical risk. The Company's principal asset is a 100% interest in the Cactus Project, which is situated on private land and which the Company acquired from ASARCO Trust in July 2020. The Company's objective is to become a mid-tier copper producer in the medium term with low operating costs, develop a project that could generate robust returns for investors and provide a long term sustainable and responsible operation for the community and all stakeholders.
The Company is currently finalising a preliminary economic assessment in connection with the Cactus Project and expects to move the project to the feasibility study stage in the short-medium term. Initial results demonstrate a robust project with strong potential project returns.