Portfolio Overview and Strategic Positioning
On October 3, 2025, Element 29 Resources Inc., a Canadian exploration company, reaffirmed its long- term commitment to Peru’s copper belt with an active portfolio spanning more than 25,000 hectares across Elida, Flor de Cobre, Paka, and Pahuay. The company focuses on the exploration and development of large- scale copper, molybdenum, and silver porphyry systems, leveraging Peru’s well-established mining infrastructure and favorable geology. With projects strategically located near major operations and access to key logistics routes, Element 29 aims to advance multiple Tier-1 copper prospects that could strengthen Peru’s role in global energy transition supply chains.
Project Highlights and Technical Advances
The Elida project, located 170 km northeast of Lima and close to Antamina, has delivered promising drilling results that confirm large, mineralized intervals. The 2024 drill hole ELID033 intercepted 1,039.6 meters grading 0.54% CuEq from surface, including higher-grade zones of 0.71% CuEq, underscoring the deposit’s scale and continuity. Supported by access to roads, electricity, and ports, Elida combines logistical advantages with deep mineralization potential. Meanwhile, the Flor de Cobre project, 35 km southeast of Arequipa, is set to begin drilling in 2025 following environmental permit approval. Its Atravesado prospect, covering 11 concessions, features a 1.5 x 2 km hydrothermal footprint with copper-molybdenum anomalies and proximity to major mines such as Cerro Verde, Cuajone, and Quellaveco.
Exploration Outlook and Regional Impact
Further south, the Paka project in Arequipa encompasses 1,000 hectares of skarn-type mineralization, with surface samples reporting copper grades up to 4%, making it a high-priority exploration target. In Ica, the Pahuay project covers 1,200 hectares with hydrothermal alteration zones of 1.7 x 2.8 km, showing assays of up to 4.4% Cu and 6.5% Zn. The project is currently undergoing mapping and geophysical studies while awaiting community agreements for drilling. Collectively, these four ventures highlight Element 29’s integrated growth strategy in Peru—combining geological potential, infrastructure readiness, and responsible engagement with local communities. As global demand for critical minerals accelerates, the company positions itself as a key emerging player in copper exploration and future supply security.