Flagship Minerals locks up option for Pantanillo as gold price soars

Managing Director Paul Lock and Mining.com.au’s Oriel Morrison discuss the company’s latest strategic move — the option to acquire the Pantanillo Gold Project in Chile’s Maricunga Gold Belt. The project boasts over 1 million ounces of oxide-style gold mineralisation, positioning it as a potentially low-cost, high-return development.

Lock provides insight into why this acquisition is a game-changer for the company and how it aligns with Flagship’s broader focus on oxide copper and gold.

With a clear path to conversion and minimal regulatory hurdles, the project is considered largely de-risked. Additionally, Lock shares an update on the Rosario Copper Project, which is set for drilling ahead of the October season, adding further momentum to Flagship’s ambitions in the region.

🔑 Key Highlights:

🎙️Option secured to acquire Pantanillo Gold Project in Chile.

🎙️Over 1 million ounces of oxide gold with potential for low-cost heap leach development.

🎙️Rosario Copper Project drilling targeted for October.

Source: https://mining.com.au/