Metminco (MNC), incorporated in Australia, is an ASX and AIM listed mining exploration company.  It has a broad portfolio of exploration projects located in Chile and Peru, mainly focused on copper, but with significant exposure to gold, molybdenum and zinc. Projects range from early stage exploration, through advanced exploration, to Pre-feasibility.
Metminco’s premier project is the Los Calatos copper and molybdenum porphyry deposit in southern Peru, with a JORC compliant mineral resource (July 2010) of 927 million tonnes comprising an Indicated Resource of 111 million tonnes at 0.39% Cu and 380ppm Mo, and an Inferred Resource of 816 million tonnes at 0.37% Cu and 260ppm Mo (at a 0.2% copper cut-off grade). A third phase of drilling is currently in progress with the objective of delineating the extent of the mineralised porphyry system. An updated mineral resource statement is to be completed during 2012.
Metminco’s other projects are located in Chile, the most advanced of which are the Mollacas (copper leach) and Vallecillo (polymetallic) projects, both of which have JORC compliant mineral resources.  In addition to two large, early stage, gold-copper exploration projects (Camaron and Isidro), the Company has three early stage copper-molybdenum porphyry projects, namely Vallecillo, Loica and La Piedra, the latter of which is located some 25 kilometres north of Codelco’s Andina mine.
A fully funded exploration program, which includes 28,000 metres of drilling, is in progress at the Chilean projects, which is to be completed in early 2012.