Atalaya Mining (ATYM) – Technical Analysis & Due Diligence

Sign up for Crux Investor: https://cruxinvestor.com

Merlin Marr-Johnson sat down with Alberto Lavandeira the CEO of Atalaya Mining PLC, (AIM:ATYM) and (TSX:AYM), to discuss the company’s Rio Tinto Copper project.

Our previous interview: https://youtu.be/JbNovALKjsI

Atalaya Mining PLC, formerly EMED Mining Public Limited, is a copper development and production company focused on its Rio Tinto Copper project in Andalucía, Spain. The Rio Tinto Copper project boasts the Cerra Colorado open-pit deposit, San Dionisio and Planes-San Antonio adjacent deposits and Masa Valverde satellite deposit.

The Cerra Colorado open-pit operation has been in commercial production since 2016 and boasts a life of mine (LOM) of 12 years at a processing capacity of 15 Mt of ore per annum. The operation includes proven and probable copper ore reserves of 138.93 kt and 46.79 kt respectively with an average copper grade of 0.38%. The Cerro Colorado operation has milling facilities that are able to process additional ore sourced from the surrounding deposits.

Atalaya Mining PLC is currently underway with the evaluation of large copper and zinc deposits located next to the Cerro Colorado open-pit project which offers the potential to expand its ore inventory and extend mine life and leverage mill capacity. The San Dionisio deposit has a potential open-pit mineable resource of approximately 52 Mt at 0.7% copper and 0.9% zinc with an additional underground minable resource of 18 Mt at 0.7% copper and 2.2% zinc. The San Dionisio deposit has a potential total mineable resource of approximately 500,000 tons of copper and 869,000 tons of zinc. The Planes-San Antonio deposit boasts a historical resource estimate of 9.1 Mt at 1.67% copper and 2.13% zinc.

Atalaya Mining has a cash position of EUR 140.9 million with an annual revenue of EUR 140.9 million. The company plans to advance both the San Dionisio and Planes-San Antonio deposits to NI 43-101 resources in the near future.

00:00 – Company Overview
00:51 – Current Share Prices, Fast Track Feasibility & Expanding Production
04:05 – Processing Grades, Global Mission & Safe Distance
08:19 – Logical Game, Premium Mines & Portugal
13:31– Mass Of Alberto, Undeveloped Deposits & New Movements
18:10 – Mining Costs, Economic Growth & Local Governments
23:24 – Current Problems, Highest Value Addition & Horizontal Lenses
28:21 – Acid Water Rocks, Emotional Response & Anti-Mining Groups
32:53 – Environmental Permit, Regulated Process & Elix
37:18 – Current Businesses, Differential Flotation & Concentration Cost
42:33 – Anglo-Hispanic Combination & Exponential Discoveries
44:39 – Outro

—

Crux Investor is an investing app for busy people. For a small, monthly membership fee you’ll receive a single stock recommendation each month, curated by industry experts and presented in a clear and focused one-page memo. Head to Crux Investor to learn more and to sign up for your time-saving, stress-slaying membership today.

Learn more: https://cruxinvestor.com