NGEx Minerals Ltd. is a Canadian mineral exploration and development company primarily engaged in the acquisition and advancement of copper and gold properties in South America. A member of the Lundin Group of Companies, NGEx focuses on large-scale porphyry and high-grade vein systems within the Vicuña District, a major mining region spanning the border of Argentina and Chile.
The company's portfolio is anchored by two flagship assets. The first is the 100%-owned Lunahuasi project in San Juan Province, Argentina, a high-grade copper-gold-silver discovery where ongoing drill programs have consistently intersected significant mineralization. The second is the Los Helados project in Chile's Atacama Region, one of the largest undeveloped copper-gold deposits in the world. NGEx operates Los Helados and holds an approximate 69% interest, subject to a joint exploration agreement with Nippon Caserones Resources. Additionally, the company holds the Valle Ancho project, a large early-stage exploration land package in Catamarca, Argentina.
As a pre-revenue exploration company, NGEx Minerals does not currently generate operating revenues from mining production. Its business model relies on equity financing and strategic partnerships to fund extensive drilling, geological modeling, and engineering studies. The company's ultimate strategy is to de-risk and expand its mineral resources to prepare its projects for eventual development, either independently, with joint venture partners, or through acquisition by major mining producers.
