AbraPlata Resource (ABRA) - Gold-Silver Company with $25M
Matthew Gordon, Ptolemy Capital
5 Months ago
So what's it like to do business in Argentina at the moment? Salta Province is one of the best areas. They are chasing Gold-Silver having acquired the project in 2016 from SSR. Results recently have been good and they plan to continue to drill into 2021 to finish a 13,000m programme to demonstrate the scale of the opportunity. With that they hope to deliver a PEA. The management team have been there just over a year and have changed the focus and emphasis having raise the capital required to prove the potential with a small drill programme at the beginning of the year. This was enough to get Eric Sprott interested in not one, but 2 fund raises. As an exploration team, with $25M, they feel they can deliver an interesting story and then have conversations with partners. There are 3 other targets in the portfolio which have potential but the Diablillos project is well-advanced, with more than US$35 million spent historically.
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