Who We Are
Element79 Gold is a near-term cash flow mining company focused on gold, silver and associated metals committed to maximizing shareholder value through responsible mining practices and sustainable development of its projects.
Our flagship project, Lucero, is a previously-producing high-grade gold mine. It has the immediate-term potential to generate revenue as it is permitted for 350 tpd of ore extraction and we are currently working to bring this back into production in 2024 and beyond.
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Key Assets
Element79 Gold's flagship property is a cash-flow generation machine. The Lucero Mine is permitted for 350 tpd and we are currently working to bring this high-grade gold mine back into production in 2024.
The company also owns notable exploration assets along the Battle Mountain trend in Nevada, Clover, which will be explored and drilled with the intent to generate a resource value.
Commitment to Local Community
We are committed to upholding the highest standards of environmental and ethical responsibility as we explore, and to minimizing the environmental impact of our operations, while ensuring mutual advantages to the local communities we work in.
We believe that mining can be a sustainable industry, and we are taking steps to ensure that our operations at the Lucero mine have the most positive impact possible on the environment and the community.
We are committed to working with the Community of Chachas to ensure that the restart of the Lucero mine is mutually beneficial. We believe that mining can be a force for good, and we are committed to using our resources to improve the lives of the people in the communities where we operate.
Lucero Property
Formerly operated as the Shila mine from 1989 to 2005, Lucero consists of 10,805 hectares located in the Chila mountain range of Southern Peru, which contains several historic high-grade Au-Ag mines that were operated from the late 1980s to 2005 with small-scale artisanal mining ongoing since 2005.
Past-producing Lucero Mine is one of the highest-grade underground mines in Peru's history. It produced 40,000 oz+/yr in its last 5 years of production ending in 2005.
Past-Producing Asset
Local Artisanal miners are producing an estimated 200-300 tons of ore per month, highlighting the immediate revenue generating potential of the Lucero mine.
Near-Term Cashflow
Consistent presence has created friendly, collaborative relationships, with mutually-beneficial long-term (10y+) surface access agreements being forged.
Community Support
The sale of a former flagship project, Maverick Springs brought in $4.4mm to pay out debt and AP. Shares of ASX company (SSI) have ~ tripled since IPO May 15th.
Clean Financials
Our projects are located in Arequipa, Peru and Nevada, USA. Both being mining-forward jurisdictions, considered to be some of the best addresses to operate and develop projects in.
Favourable Jurisdictions
Lucero hosts an attractive yet-untouched porphyry region bordered by vuggy silica surface showings that has been long contemplated as a high-sulphidation target for exploratory drilling and potential for open-pit resource development.
Exploration Upside Potential
Investor Value Levers
