Condor Resources: A Year of Progress and Promise in 2025

Condor Resources Inc. (TSXV:CN) has provided a comprehensive corporate update and outlook for 2025, outlining significant progress across its precious metals portfolio in Peru. The company is advancing two key projects, Pucamayo and Huinac Punta, which have the potential to attract major mining companies and scale to a significant size. Additionally, Condor's Cobreorco project, in partnership with Teck Resources, is expected to become increasingly active once final permits are granted.

Pucamayo, Condor's flagship 8,500-hectare exploration project in Ica, Peru, is prospective for epithermal gold-silver and copper-gold porphyry mineralization. The company has submitted its DIA application for the expanded Pucamayo South East area and is in the final stages of approval, with a 6,000-meter drilling program planned. This project has the potential to uncover significant mineral discoveries, which could enhance Condor's mineral resource base and increase the value of its portfolio.

Huinac Punta, another prospective project for silver, copper, and other base metals, has recently received its Initiation of Activities permit. Condor plans to commence a maiden 2,000-meter drilling program after the rainy season, targeting a one-kilometer structure where high-grade silver and base metal grab samples were collected. The company has also expanded the project by acquiring an additional 5,200 hectares of exploration concessions, further increasing its potential.

Condor's partnership with Teck Resources on the Cobreorco project provides the company with substantial financial and operational support. Under the agreement, Teck has the option to earn up to a 75% interest in Cobreorco by incurring US$10 million in exploration expenditures and making US$1.1 million in cash payments over three years. This collaboration enables Condor to advance the project more rapidly and with reduced financial risk, while potentially unlocking substantial value for its shareholders.



In addition to these strategic initiatives, Condor is actively exploring opportunities to divest non-core assets and generate meaningful non-dilutive capital to support the development of its primary projects. The company is also evaluating the monetization possibilities of its Rio Bravo project, which has shown significant porphyry copper and molybdenum mineralization.

Condor's focus on Pucamayo and Huinac Punta projects is driven by the potential for significant mineral discoveries, advancement in permitting and exploration, strategic location, potential for joint venture partnerships, and diversification of its project portfolio. These factors contribute to the company's overall portfolio strategy, which aims to create value for shareholders through the discovery and development of high-quality mineral assets.

In conclusion, Condor Resources' corporate update and outlook for 2025 demonstrate the company's commitment to optimizing its portfolio and driving long-term growth. By focusing on high-potential projects and strategic partnerships, Condor is well-positioned to capitalize on the mineral exploration and development opportunities in Peru. As the company continues to make progress in its exploration efforts, investors should keep a close eye on Condor Resources as a potential investment opportunity in the mineral exploration and development sector.