All three leases exceed the 24-month token lock-up. Yarumo renewed to 2037.
Underlying Asset: Operating Mine, Cauca
Value is anchored to real mining operations. Reserves are not yet certified under NI 43-101 / JORC / S-K 1300; figures are indicative only.
Concession
INGEOMINAS Concession 19140, area 63.77 ha, 10-year term, renewable by law.
Three Leases
Mine, two plants and land are notarized; lessee holds exclusive production, processing, storage and transport rights.
Export Corridor
Buenaventura Port → Qingdao into Asian refining and trade.
Lease Structure
| Asset | Term | Note |
|---|---|---|
| El Encanto mine | to 2034 | Drives + full equipment |
| El Chileno plant | to 2030 | Storage + quarters |
| Yarumo plant | to 2037 | Renewed; exceeds lock-up |
All three leases are notarized with exclusive use rights. Reserves lack an NI 43-101 / JORC / S-K 1300 report and are not a proven reserve.