a few clues perhaps, page-25

According to the CEO you wont have to....

“We are very excited by the potential acquisition of the El Roble copper project in Chile,” Mining Group managing director Zeffron Reeves said in the company’s announcement to the Australian Securities Exchange.

“This project has the potential to deliver NEAR TERM production and generate cash flows to fund further exploration activities and enable us to become self-funded within a SHORT TERM time frame.”

Mining Group claims high-grade copper mineralisation occurs at El Roble within a strike extensive vein system that has had historical production of approximately one million tonnes of ore grading more than 9 per cent copper.

Two small underground mines are currently in small scale production at Descobridora and Veta Gruesa producing direct smelter copper ore at over 9 per cent copper.

“Copper mineralisation at El Roble has been mapped over a six kilometre strike length with some startling copper grades being mined from small scale mining activities, with regularly shipped grades to local toll plants being in excess of 12 per cent copper and our due diligence work has confirmed this,” Reeves said.

“In addition, the El Roble copper project is close to existing world class producing mines, but it is also within close proximity to transport and processing infrastructure.

“As a result, this project has the potential to provide NEAR TERM, high-grade copper production with limited capex spend.”

“If we can succeed in executing our strategy, this project will be transformational to Mining Group.”