- CEO
- Karim Rayani
- Sector
- Basic Materials
- Industry
- Other Precious Metals
- Address
- 3310 South Service Rd North Vancouver BC Canada L7N 3M6
- IPO Date
- Nov 5, 2021
- Business
- Ibero Mining Corp is a Canada-based junior exploration company focused on the acquisition and development of copper, gold, and silver mineral properties primarily in Portugal. The company holds advanced-stage copper-gold projects, including the flagship Miguel Vacas copper mine located in the Iberian Pyrite Belt, one of the world’s most significant polymetallic sulfide regions. Its core products and services include exploration, drilling, geological modeling, and resource delineation of copper and gold deposits. The company implements advanced drilling programs; it targets both shallow oxidized zones suitable for open-pit and heap leach extraction and deeper sulfide bodies using step-out drilling. Ibero’s portfolio also includes the Barrancos copper-gold projects and Borba 2 copper-gold projects in southern Portugal, with exploration licenses covering several past-producing and advanced-stage projects. It employs geochemical and geological modeling, detailed mapping, and modern core recovery technologies to develop its mineral resources and plans hydrometallurgical processing for efficient extraction.
Founded in 2010 and headquartered in Vancouver, Canada, Ibero Mining operates mainly in Portugal but retains Canadian exploration roots. The company trades on the TSX Venture Exchange under the symbol "IMC" and on OTCQB as "AUCCF." Recent strategic changes include the rebranding from Europacific Metals Inc. to Ibero Mining Corp. in September 2024 to better align with its operational focus on the Iberian Peninsula. The company has completed several drilling campaigns at Miguel Vacas, confirming a wide mineralized quartz-breccia zone extending over 1.1 kilometers with significant copper grades, including a recent drill hole intersecting 19.9 meters grading 0.89% copper. It targets an inferred resource potential exceeding 20 million tons and plans expanded drilling programs through 2025 with additional geophysical surveys. In addition, a private placement in 2024 raised CAD 323,000 to fund exploration activities, particularly accelerating drilling and assay efforts at Miguel Vacas. The company remains focused on increasing resource estimates and refining its geological models, emphasizing sustainability and low-cost extraction methods.
Ibero Mining operates within the mineral exploration industry, targeting institutional investors and stakeholders focused on copper and gold projects with near-term production potential. Its operational strategy leverages the historic yet underexplored Iberian Pyrite Belt’s geology, combining historical mining data with advanced technology to optimize resource discovery and development. The company has also entered agreements with local entities such as Indice Crucial Lda for exploration rights on past-producing properties. With its combination of brownfield projects, advanced drilling programs, and a growing resource base, Ibero Mining positions itself as a key junior explorer in Europe's copper-gold sector, with an emphasis on expanding mineral resources and securing a path toward production.
Overall, Ibero Mining Corp provides copper and gold exploration services predominantly in Portugal, backed by recent strategic rebranding, significant drilling success, and ongoing resource expansion supported by targeted financing and operational enhancements. This positions it as an exploration company with near-term production potential within the Iberian Pyrite Belt’s mineral-rich districts and a comprehensive portfolio of advanced-stage copper-gold projects that leverage systematic geological evaluation and modern exploration technologies.