Despite political instability and social conflict, Peru has been developing various mining exploration activities that still make it an attractive destination for foreign investment. Jobs, increased tax contributions, improved energy and communications infrastructure are some of the benefits to communities, which are also favored with the opportunity to form companies that meet the needs of the sector, such as hotels, transportation, food services, among others. For this reason, it is important to identify which mining projects in exploration stage currently have the greatest geological potential to continue boosting the country's economy.

The projects are Ayawilca (Tinka Resources) in Pasco; Paraíso (Inversiones La Chalina) in Arequipa; Malvas (Corporación Minera Toma La Mano), Soledad (Chakana Resources) and Elida (Element 29) in Ancash; Cotabambas (Panoro Minerals) in Apurímac; Reliquias (Silver Mountain Resources) in Huancavelica; and Aurora (DLP Resources) in Cusco.

"Cotabambas and Ayawilca are the most advanced projects. The first is in pre-feasibility stage and estimates an investment of more than US$ 1.48 billion; and the second, in conceptual stage and an investment of US$ 264 million", said Álvaro Fernández-Baca, head of Project Fair at proEXPLO 2023.

In terms of greenfield projects in early development, the Soledad and Elida projects stand out, both located in the department of Ancash, where the mineral explored is mainly copper, with a combined investment of approximately US$ 50 million.

The topic of mining exploration is key to the country's economic development, which will be fully developed at the International Congress of Prospectors and Explorers proEXPLO 2023, the most important mining exploration event in the region, organized by the Peruvian Institute of Mining Engineers (IIMP), which will bring together the main players in Peruvian and international geology to exchange and strengthen knowledge related to the industry.

Congress attendees will be able to get a closer look at these projects in the Core Shack, whose modules will be located in the Technology Exhibition of the event, where companies will showcase the geological characteristics of their deposits with hand samples, cores, photographs and plans.

"The Core Shack is important because it allows companies to exhibit their mineralized samples or cores from the main exploration projects in the country and for participants to learn or expand their knowledge about their own core samples," explains proEXPLO 2023 president Sebastián Benavides.

It is worth mentioning that one of the objectives of proEXPLO is to emphasize that mining exploration must be understood from a comprehensive perspective, since each of its activities is part of a value chain, which allows consolidating the findings of new deposits. It also seeks to raise awareness of Peru's great geological potential, encourage new investments and strengthen links between prospectors, explorers and service providers.

We invite you to proEXPLO 2023, to be held from May 8 to 10 at the Lima Convention Center (district of San Borja), to access the Core Shack, the Technology Exhibition and the entire program of specialized conferences.

For more information, please visit www.proexplo.com.pe

proEXPLO 2023: Discovering the mining of the future