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Josemaria Resources Inc. (TSX: JOSE) (OTCQB: JOSMF) Looks for High-Growth Return as Junior Mining Investment Option

  • Josemaria Resources developing its wholly owned flagship Josemaria Copper-Gold Project
  • VanEck report details investment value of ‘junior’ mining companies
  • Global smart mining market estimated to reach $6.8 billion last year, forecast to reach $20.31 billion by 2025

For investors looking for high-growth potential, junior mining companies may fit the bill, according to a recent report released by VanEck, an investment management company (https://nnw.fm/OWDW8). That’s good news for Josemaria Resources (TSX: JOSE) (OTCQB: JOSMF), a natural resources company that is offering an advanced-stage copper-gold deposit project located in Argentina, a rare find in a junior mining company.

The VanEck report, titled “The Investment Case for Junior Gold Miners,” notes that “a dynamic and important subset of the global gold-mining industry is a group of companies known as ‘juniors.’ These are small- to medium-size market capitalization companies that are generally actively engaged in the development of new sources of gold either through greenfield exploration or the use of new geologic models to prospect for gold in overlooked or abandoned properties. For investors, juniors may offer characteristics similar to an investment in venture capital—early stage, high risk, but with a potential for high growth.”

Josemaria is looking for that type of high-growth return as it eyes key growth in a global smart mining market that was estimated to reach $6.8 billion last year and forecast to reach $20.31 billion by 2025 (https://nnw.fm/zTPlG). The company is focusing on the development of its wholly owned flagship Josemaria Copper-Gold Project located in the San Juan Province of Argentina. San Juan is a well-known mining hub supporting a wide variety of mining companies, where the Lundin Group, the parent company of JOSE, has been active for almost 30 years.

JOSE recently released the results of a feasibility study for its Josemaria Copper-Gold Project. The study reports a robust, rapid pay-back, low-risk project, with an open-pit operation feeding a conventional process plant at an average of 152,000 tonnes per day. The study also projected a mine life stretching more than 19 years and yielding average annual metal production of 136,000 tonnes of copper, 231,000 ounces of gold and 1,164,000 ounces of silver.

“We are extremely pleased with the results of the Feasibility Study at Josemaria, which indicates that this is one of the very few readily developable copper-gold projects in the world today,” said Josemaria president and CEO Adam Lundin. “This study has materially de-risked the project and forecasts an attractive economic outcome which is comparable with other large-scale copper/gold projects already being developed or in production today.”

Josemaria Resources is a Canadian natural resources company based in Vancouver, British Columbia. The company’s current focus is on advancing the development of its wholly owned Josemaria copper-gold mining project. Josemaria Resources is part of the Lundin Group of companies, a conglomerate of 13 business entities operating in the mining, oil and gas and renewables sectors around the world.

For more information on Josemaria Resources, visit the company’s website at www.JoseMariaResources.com.

NOTE TO INVESTORS: The latest news and updates relating to JOSMF are available in the company’s newsroom at https://nnw.fm/JOSMF

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