Cerro de Pasco Resources Inc

Cerro de Pasco Resources Inc. (CDPR) is a Canadian mining company focused on the development of its 100%-owned El Metalurgista concession in Central Peru. The company is advancing the Quiulacocha Project, a large-scale tailings reprocessing initiative targeting approximately 75 million tonnes of material deposited over 90 years from the historic Cerro de Pasco open-pit and underground mine. These tailings are estimated to contain 423 million ounces of silver equivalent (AgEq) across silver, zinc, lead, copper, and gold. With all material located at surface, the project benefits from exceptionally low mining costs. A long-awaited easement was recently granted, enabling CDPR to commence its first major drilling and development program in over a decade. CDPR is conducting an extensive metallurgical testing campaign to determine the optimal recovery of base and precious metals, as well as critical elements such as gallium (up to 80 g/t) and indium. While there is a processing plant next door with spare capacity, the company will assess its use based on technical and economic outcomes. The next key milestone is the President of Peru’s signature to grant broader mineral rights across the district—unlocking Phase 2 drilling, a NI 43-101 resource estimate, and full project engineering. The Quiulacocha Project is one of six mining projects on Peru’s national priority list, underscoring its national significance.