Mark Bristow looks to redesign Pascua Lama and go salt mining!
Latest earnings report: as of 11/2021
'Again, a great tribute to the management, our Argentinian management. The Pascua-Lama project straddles the border between Argentina and Chile, with Lama on the Argentinian side between Veladero and Pascua. And this project owns partially both plant and infrastructure facility, which when complete, should be able to process a wide range of ore types. Pascua-Lama in its many geological targets and resource options is currently being reviewed, from top to bottom, and we plan to be ready with a way forward at the back end of 2024.
The project faces significant technical and environmental challenges, as I'm sure you would have picked up in the press. But again, it has the potential for world-class status, and we have options of how we can bring it to account. Whilst we continue to focus, and this will remain the case out to 2024, our exploration on the San Juan province and the Veladero, Pascua-Lama district, in addition to searching for more satellites for Veladero, we have also branched out across the El Indio belt of Chile and Argentina in our search for other world-class opportunities. We also recently extended our South American footprint to Guyana, where we recently secured 63,000 hectares of prospective ground on a fertile structural corridor within the Karouni Basin."
