Developing the Advanced Stage Berenguela Copper Silver Project in Peru



Berenguela project

The Berenguela Copper Silver Project (“Berenguela” or the “Project”) is an advanced stage exploration project in the Puno Department of southern Peru. Berenguela has JORC (2012) compliant Resources of (0.50% CuEq cut-off):

  • Measured: 7.70 million tonnes at 0.99% Cu and 103.79 g/t Ag and 0.34% Zn.
  • Indicated: 28.23 million tonnes at 0.73% Cu and 80.45 g/t Ag and 0.30% Zn.
  • Inferred: 9.97 million tonnes at 0.67% Cu and 87.90 g/t Ag and 0.20% Zn.
  • TOTAL: 45.91 million tonnes at 0.76% Cu and 85.99 g/t Ag and 0.28% Zn.

Total JORC Resources include over 772 million pounds of Contained Copper and over 127 million ounces of Contained Silver.

Valor has completed over 9,100 meters of infill and expansion drilling, building on Berenguela's extensive exploration history, which includes over 30,000 meters of historical drilling, 2 geophysical campaigns, 17,000 meters of underground workings and a significant metallurgical data set. The Project has significant potential for resource expansion, as the current deposit only occupies approximately 2.1% of the total 6,594-hectare land package. The Project is accessible year-round and has excellent access to infrastructure approximately 50km from the provincial city of Juliaca (pop. ~225k). Berenguela has access to power, water and is connected to Juliaca and Arequipa (pop. ~870k) by paved highways. A main rail line runs within the southern boundary of the Project land package, which runs approximately 380km to the Port of Matarani, a major commercial port on Peru’s southern coast.


Picha project

The Picha Project (100% Valor) is a Copper-Silver exploration project, located in the Moquegua Department of southern Peru. Picha is a 3,000 hectare exploration concession, which lies approximately 17km south of Buenaventura's San Gabriel Gold Porphyry Project, which reports indicated and inferred resources of approximately 12.5 million tonnes of gold with average grades of 6.5 g/t Au (circa. 2.5 million ounces). Picha's exploration history includes 2 field sampling exercises and geophysical surveys. The geophysical program comprised 158.22 line kilometres of Magnetic surveys and 65.5 line kilometres of induced polarization surveys, targeting disseminated and semi-massive copper sulphide mineralization to maximum depth of approximately 300 metres. More information coming soon.Desc 2


Valor Resources Ltd is is listed on the Australian Stock Exchange as VAL:ASX

Valor Resources Limited is an Australian company listed on the ASX under the ticker symbol VAL. Valor is engaged in metals exploration and project development, primarily the Berenguela copper-silver deposit in the Puno Department of southern Peru.

Corporate governance


Reports, Media, and Investor Information


Board & management

Brian McMaster

Brian McMaster,

Non-Executive Chairman

+ expand

Mr. McMaster has almost 20 years’ experience in the area of corporate reconstruction and turnaround and performance improvement and 20 years in the mining industry. Mr. McMaster’s experience includes founding Highfield Resources, an ASX listed potash company with projects in Spain as well as numerous reorganisations and the recapitalisation and listing of 12 Australian companies. Mr. McMaster’s career to date includes significant working periods in the United States, South America, Asia and India. Mr. McMaster was a founding director in venture capital and advisory firm, Garrison Capital Pty Ltd, and is also currently a director of a number of ASX listed companies.

Dr. Nicholas Lindsay,

Chief Executive Officer and Executive Director – Technical

+ expand

Dr. Lindsay has over 30 years' experience in the global mining industry with strong exposure in South America. Throughout his career, Dr. Lindsay has held roles with junior mining companies, as well as mid-tier and major organisations. During the two-decade period, Nick has had a focus on technical and commercial assessment, and the development of new mining and exploration projects in various commodities, particularly copper, gold and silver. As well, Dr. Lindsay boasts significant experience in the recognition, assessment and management of new business opportunities in the copper, zinc, gold, titanium mineral sands, coal and iron ore sectors. Further to senior roles in Peru, Chile and Argentina, he has also held positions in the Former Soviet Union, South Africa and Australia. Dr. Lindsay has a BSc Honours degree in geology and an MBA from the University of Otago (New Zealand), and a PhD from the University of the Witwatersrand (South Africa).

Dr. Ernesto Lima Osorio,

Chief Operating Officer

+ expand

Dr. Lima has over 20 years of experience in the mining and exploration business across South America. Dr. Lima has been responsible for numerous mining development and construction projects throughout Uruguay, Brazil, Chile, Venezuela, Argentina and Peru. Dr. Lima’s notable engineering and mine construction experience in South America includes engineering and development of the San Grigorio gold mine in Uruguay for Rea Gold Corporation (now operated by Orosur), construction and engineering of the $450 million Pirquitas open-pit silver mine in Argentina for Silver Standard Resources and engineering and construction of the Tucano Gold-Iron Mining Project in Brazil for Beadell Resources Ltd. Dr. Lima holds an engineering degree from the University of the Republic in Montevideo, Uruguay, an MBA from ORT University in Montevideo and a Doctorate in Management with a focus on mining projects from University of Phoenix. Dr. Lima is a resident of Montevideo, Uruguay and speaks fluent English, Portuguese and native Spanish.

Paula Smith

Paula Smith,

Non-exec. Director & Company Secretary

+ expand

Ms. Cowan is a finance professional with over 12 years’ experience and is presently a director of a consulting and secretarial advisory firm specialising in business advisory, consulting and back office support (finance and secretarial) to SMEs and ASX listed entities. Prior to that Ms. Cowan held senior roles in advisory firms KordaMentha and Ernst & Young. Ms. Cowan holds a Bachelor of Commerce/Law (Hons), is a qualified Chartered Accountant and a Graduate of the Australian Institute of Company Directors.


Valor Resources Ltd
22 Lindsay Street
Perth 6000

Follow us on Twitter

+61 8 9200 3467