Project Profile
Partner / Joint Venture : Cordoba Minerals Corp. (Ivanhoe Group)
Project Company : CMH (Colombia)
Location : Colombia
Strategic Investment & Equity Acquisition : Cordoba Minerals, a Canadian-listed exploration company under the Ivanhoe Group, focuses on the exploration and acquisition of copper and gold projects.
Phase I Investment: On November 16, 2019, JCHX officially signed a Share Subscription Agreement with the Ivanhoe Group, strategically investing to acquire a 19.9% equity stake in Cordoba (transaction closed on January 17, 2020).
Phase II Acquisition: On December 8, 2022, JCHX signed a conditional Framework Agreement to acquire a 50% interest in CMH, Cordoba’s wholly-owned subsidiary in Colombia. Following the fulfillment of all closing conditions, the transaction was officially completed on May 8, 2023. JCHX now holds 50% equity and corresponding voting rights in CMH.
Project Overview & Resource Grades : Located in Colombia, the San Matias Copper-Gold-Silver Project is currently in the advanced exploration and development stage. It comprises four major deposits: El Alacran, Montiel East, Montiel West, and Costa Azul. According to the Pre-Feasibility Study (PFS) for the core Alacran deposit, the resource grades are robust:
Copper (Cu): 0.41%
Gold (Au): 0.26 g/t
Silver (Ag): 2.30 g/t
Project Status & Outlook: In November 2021, Cordoba submitted the Mining Plan (PTO) to the Colombian National Mining Agency (ANM). Currently, the Feasibility Study (FS) and Environmental Impact Assessment (EIA) for the Alacran deposit are advancing steadily. Upon the completion and approval of the FS and EIA, the Alacran deposit will officially advance into the construction phase.
