Ngex Minerals Ltd
NGEXNGEx Minerals Ltd. engages in the acquisition, exploration, and development of mineral properties in South America. The company holds interest in the Los Helados project, a porphyry copper, gold, and silver deposit located in the Andes Mountains of the Atacama Region, Chile. It holds interest in the Valle Ancho and Interceptor properties located in Catamarca, Argentina; and the Potro Cliffs project located in San Juan Province, Argentina. NGEx Minerals Ltd. was incorporated in 2019 and is headquartered in Vancouver, Canada.
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Key Information
Legal Entity
Ngex Minerals Ltd
Sector
Precious Metal
Founded
August 20, 2019
Employees
46
Reporting Currency
CAD
Contact Phone
604-689-7842
Website
ngexminerals.comHeadquarters Address
885 West Georgia Street , Vancouver , BC V6C 3E8 , CA
Identifiers
ISIN
CA62930A1021Commodity Portfolio
Stock Exchanges
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Videos
Sendero Resources Advances Vicuña Belt Copper-Gold Targets Toward Drilling
Key Highlights
detailed- The guest positions NGEx's discovery next door as the reason Sendero is more than a 'closeology' play, saying both sit on the same northeast-trending fault with the same rocks, plumbing, and pathfinder elements.
- He notes NGEx was a $40 million company in 2009 and has since spun out $16 billion worth of assets, and that the neighboring discoveries hold 81 million ounces of gold before counting copper.
- He points out NGEx ran a program in La Rioja last year (as of the interview), a sign the province now attracts larger companies, not just juniors.
Sendero says cash on hand plus 12 million in-the-money warrants — exercisable at a profit today — fully fund its next drill program without dilution. A rebuilt database of 77 historical holes and 6,400-plus assays — from operators like Eldorado Gold and Anglo American — shows broad mineralized zones. The CEO argues shared faults, rocks, and pathfinder elements (geochemical clues to porphyry mineralization) link Sendero to its neighboring Vicuña belt discoveries. La Rioja cut Sendero's option terms — a $5 million cash payment dropped to $65,000, spend requirements to $5 million — for 100 percent ownership. Veteran mine builders Peter Moroney, Pat DiCapo, and Eduardo Elstain keep pro-rata positions, buy shares in the market, and advise management.
#106 Digging for Dollars #34 How IDEX Metals Outbid Majors in Idaho & Rio Tinto’s Move on Mogotes
Key Highlights
brief- The host uses NGEx as the other anchor comp in the Vicuna district, valuing it at roughly $4.5B alongside Filo.
- He says NGEx also holds a 70% interest in 18 million tons of copper and 10 million ounces and puts that stake at about $3B.
Rio Tinto's C$21 million investment in Mogotes at a 75-cent premium wiped out the financing overhang that had capped the stock. Counting warrants and options, Mogotes works out near $250 million fully diluted, against $4.5 billion Filo and NGEx next door. IDEX's tungsten reassay added 0.11% to 180 metres of 0.6% copper, lifting the interval to 1.87% copper equivalent. The guest argues tungsten lifts a critical copper project into a polymetallic resource, using conservative prices and a mid-range recovery. IDEX took 28,000 Idaho acres at a state lease auction after majors arrived unable to bid because they were not properly registered.
#104 Digging for Dollars #31 Galantas Gold Raised $100M For A World-Class Restart
Galantas closed a $100 million raise, says it is fully funded, and plans to restart Chile's Andacollo gold mine next year for about $60 million. The guest targets 50,000 to 70,000 ounces next year and 90,000 by 2028, with all-in costs near $1,500 an ounce. Royal Gold's stream on Teck takes all gold until 900,000 ounces, which the guest says made the deposit uneconomic to buy. Indiana's 29 identified veins and IOCG (iron-oxide copper-gold) geology leave room for tonnage well beyond today's five million tonnes. Host's junior tier list hands royalty names a B, while 'metals and mining' or 'discovery' names earn an A and an S.
Live Q&A with Rick Rule and Albert Lu
Key Highlights
brief- Rule refers back to earlier discussions of the Vicuña district in Argentina, which he framed at the time in the context of Lundin Mining and NGEx, as a region that keeps producing exploration discoveries.
Rule expects peace to drag oil toward the high $50s, a capitulation he says could hand long-term buyers a strong entry point this summer. A hawkish Fed should keep gold equities weak through August, but he sees major gold miners discounting prices well above published estimates. Two standout drill holes, one in Argentina's Vicuña district and one in Kazakhstan, landed with only muted market reaction, hinting exploration value is underpriced. Mining's capital demands explain why most projects reach the market through public equity after years of patient private funding. For bulk commodity investors, he screens for top-quartile costs and top global returns on capital, not headline production growth.
ATEX Resources: New Emerging Copper District in Chile | Chris Beer and Jimmy Connor
Key Highlights
brief- The guest describes NGEx as part of the Lundin Group operating in the Vicuña district about 100km north of Valeriano, characterizing it as a high-sulfidation system with high-grade copper and gold and a likely underlying copper porphyry.
ATEX has grown Valeriano to 2 billion tonnes at 0.8% CuEq, located in the Atacama copper belt that already produces 25% of global supply. Hole 19A stepped 200 metres south and stayed in mineralization, extending the high-grade B2B breccia to roughly 700 metres of strike. Clean initial metallurgy delivered 94-95% recoveries, a 33% copper concentrate, and no deleterious elements like arsenic. Agnico Eagle holds 15% and Pierre Lassonde 10%, backing a $150 million treasury that funds two more years of drilling. An updated resource is targeted for fall 2027, alongside first drilling at the newly acquired Nuevo Horizonte porphyry cluster.
#102 Digging for Dollars #30 Talking our Portfolio and Top Picks
Key Highlights
brief- Cited in the district-consolidation debate as the payoff for staying independent: NGEx went from $6 to $30-plus plus a royalty spinout, the guest notes.
Early private-market entries into juniors re-rated hard when they listed, beating flat TSX Venture and GDXJ benchmarks at mid-year. Sterling Metals' Batchawana Copper Belt consolidation shows why the hosts buy whole districts early instead of waiting for neighbors to prove up. Galantas Gold's $100 million raise shows how a large, well-supported financing lets a near-term producer reach cash flow without repeated dilution. With no senior tungsten producers, Allied Critical Metals' year-end pilot plant in Portugal offers juniors-only exposure to a quintupled price. Stagnant juniors with strong treasuries and intact teams remain the buys — own value before promotion arrives and prices move.
#99 Digging for Dollars #27 How to Win Over Europeans, Kai Hoffmann's “Must” for Junior Miners
Key Highlights
brief- Matt says he invests in stories like Mogotes hoping for 'another NGEx' — the footprint is there in the right belt even though the first holes lack grade.
Winning German retail investors takes years of consistent delivery: they are loyal, detail-oriented gold and silver buyers who reward juniors that keep their promises. A 'smear' is one narrow high-grade hit stretched across a wide interval; when the whole drill hole carries gold, the criticism does not apply. European investors anchor on a published resource estimate because few fund managers there have geology backgrounds, making measured numbers the shared language. Mogotes Metals' first holes into its porphyry (large copper-gold system) return broad, low-grade intercepts, leaving investors weighing patience against pivot. Dig This Deal pitches span a $1.2 billion Polish copper developer, a $22 million Saskatchewan gold explorer, and a funded Spanish copper drill program.
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