
Stage of Development: Exploration
Commodity: Copper, Gold, Silver, Molybdenum
Country/Region: Chile
Market Cap: USD 453M
Website: ATEX Resources
ATEX Resources (TSX:ATX; OTCQX: ATXRF) is a mineral exploration company advancing its flagship Valeriano Copper-Gold Project, located in the Atacama Region III of Chile, widely recognized as one of the world’s most prospective and mining-friendly jurisdictions. Valeriano is becoming a top 10 undeveloped copper-gold project and anchors an expanding, globally significant copper district. Valeriano currently has an Indicated Mineral Resource of 475 Mt at 0.88% CuEq (0.58% Cu, 0.25 g/t Au, 1.39 g/t Ag and 70.4 g/t Mo) and an Inferred Mineral Resource of 1,511 Mt at 0.75% CuEq (0.50% Cu, 0.20 g/t Au, 1.16 g/t Ag and 70.6 g/t Mo). Additional upside includes new, large and untested porphyry targets spanning a 25,000 ha land package. Major shareholders include Agnico Eagle and Pierre Lassonde, while leading global mining companies including Antofagasta, Newmont, Teck, Codelco and BHP have significant interests in the surrounding district.
Management Profile
Chris Beer, CEO
Mr. Beer, who has been a director of ATEX since June 2024, is a well-tenured executive with over 30 years of exploration, capital markets and institutional investing experience. He began his career as an exploration geologist with Noranda and most recently spent 25 years at RBC Global Asset Management, where he served as Managing Director and Senior Portfolio Manager of North American and Global Natural Resources until 2024.
Mr. Beer is also Chair of Fuerte Metals, owner of the Coffee Gold Project in the Yukon Territory, and a director of Metalla Royalty & Streaming Ltd.
Please see our website at: https://atexresources.com/corporate/management-team/
What are your key goals for the next 3, 6 and 12 months?
3 Months:
Start of the next phase of drilling, Phase VII.
6 Months:
Execute on Phase VII drill program and expand the "B2B" upper zone at Valeriano to demonstrate a high-grade starter mine.
12 Months:
Complete Phase VII drill program, Mineral Resource update, exploring new, large porphyry targets on our 25,000 hectare land package
What do you think makes your company such a compelling investment?
Valeriano has experienced rapid geological success in a short timeframe and its flagship Valeriano project remains open in all directions. It is 100% in Chile, lower altitude vs. peer projects in this region, clean metallurgy, high copper-gold recoveries, strong management team and board with extensive experience in South American exploration and discoveries. ATEX has consolidated a 25,000 ha district with new large porphyry targets to be explored and major mining companies including Antofagasta, Codelco, Newmont, and BHP in the region. Trading at only US$0.01/lb, the stock presents a strong opportunity to re-rate meaningfully higher.