- Business
- NGEx Minerals Ltd. is a Canada-based copper and gold exploration company focused on discovering and advancing large-scale mineral deposits in South America's Vicuña District. The company owns 100% of the Lunahuasi copper-gold-silver project in San Juan Province, Argentina, featuring high-grade zones of mineralization including recent discoveries of porphyry systems and ultra-high-grade gold quartz veins; it also holds a majority interest of approximately 69% and acts as operator of the Los Helados copper-gold porphyry project in Chile's Region III under a joint exploration agreement with Nippon Caserones Resources LLC. NGEx Minerals engages in extensive drilling programs, geological modeling, and resource definition activities at these projects, which are situated near major deposits such as Caserones, Josemaria, and Filo del Sol.
Founded in 2019 and headquartered at Suite 2800, 1055 Dunsmuir Street, Vancouver, British Columbia, Canada, NGEx Minerals operates primarily in Argentina and Chile, targeting institutional investors and mining partners interested in Tier 1 copper-gold assets within the Lundin Group of Companies.
In recent developments, NGEx Minerals completed a significant spin-out transaction in October 2025, transferring net smelter returns royalties from Lunahuasi and Los Helados to its wholly-owned subsidiary LunR Royalties Corp., with shares distributed to NGEx shareholders to unlock value and enhance market positioning. The company expanded its Phase 3 drilling program at Lunahuasi in early 2025 from six to eight rigs, targeting up to 25,000 meters to delineate high-grade extensions and test for porphyry sources, yielding notable assay results and paving the way for an initial NI 43-101 Exploration Target in the second half of 2025. Preparations for Phase 4 drilling at Lunahuasi are underway for an October 2025 start, alongside ongoing Los Helados exploration, reflecting accelerated efforts to define project scale amid robust financial support for 2025 activities.