Investment Highlights
- Globally significant surface metal resource: Cerro de Pasco Resources Inc. (CDPR) controls 100% of the El Metalurgista concession in Central Peru – one of the world’s largest surface metal resources.
- Transformative Tailings Reprocessing: The Quiulacocha Project aims to recover valuable metals through modern processes while enabling comprehensive environmental remediation.
- Sustainable Strategy & ESG Focus: CDPR combines economic value creation with environmental responsibility, creating a model for a circular economy in historical mining regions.
- Discovery of Critical Metals: Recent drilling results confirm high concentrations of silver, zinc, lead – and for the first time, gallium, a strategic metal for high-tech applications.
- Second Major Project with Resource Estimate: The Excelsior Stockpile contains 70 million tonnes of broken rock with significant quantities of zinc, lead, and silver (NI 43-101 compliant report).
- Experienced Management Team: Leading experts with decades of experience in mining, finance, environmental geochemistry, and international corporate management.
Company & Strategy
Cerro de Pasco Resources Inc. (TSXV: CDPR | BVL: CDPR | OTCMKTS: GPPRF | FRA: N8HP) is a Canada-based mining company focused on the sustainable development and reprocessing of historical mining waste in the Peruvian city of Cerro de Pasco. The company wholly owns the El Metalurgista concession (95.74 ha), which includes large parts of the former tailings and waste rock deposits of the historic Cerro de Pasco mine.
CDPR pursues a clear vision: the transition from conventional mining to a modern, circular raw materials economy. Instead of developing new mines, the company focuses on the recycling of existing dumps and tailings – an approach that combines economic, ecological, and social benefits.
CDPR’s strategy is to extract the contained metals from mining waste through proven technologies and partnerships, remediate environmental damage, and create long-term economically viable structures in the region. The company utilizes existing infrastructure, minimizes land use and energy consumption, positioning itself as a pioneer in “urban mining.”
Market Environment
Peru is one of the leading mining nations worldwide – as the second-largest producer of copper, silver, and zinc, and a significant gold supplier in Latin America. Cerro de Pasco, located approximately 175 km northeast of Lima, is considered one of the country’s most historic mining cities and is often referred to as the “Mining Capital.”
The region has a dense network of roads, electricity, and water supply, as well as existing processing facilities in the immediate vicinity of CDPR’s concessions. This infrastructure provides ideal conditions for efficient reprocessing projects without high capital expenditure for new constructions.
In addition to classic precious and base metals, so-called critical raw materials are increasingly coming into focus – such as gallium, which is used in semiconductors, LED technologies, 5G applications, and solar cells. The recent discoveries of gallium in the Quiulacocha Tailings Project underscore the strategic importance of the location in the global context of raw material security.
Project Portfolio
Quiulacocha Tailings Project
Project Overview
The Quiulacocha Tailings Project forms the core of Cerro de Pasco Resources’ activities. On an area of 57 ha within the El Metalurgista concession, more than 74 million tonnes of silver and base metal-containing residues from over 100 years of mining history are stored. These tailings originate from both the early “Copper Era” (1906–1965) and the later polymetallic production period (1952–1992).
(Fig. 1: Location of the Quiulacocha Tailings Project in Central Peru)
Resource Potential
Historical metallurgical records indicate approximately 423 million ounces of silver equivalent (AgEq), distributed across copper, lead, zinc, silver, and gold.
- Average grade Copper Era: 1.6% Cu, 80 g/t Ag
- Average grade Polymetallic Era: 1.3% Pb, 2.2% Zn, 39 g/t Ag
These values are not NI 43-101 compliant, but provide a solid indication of the project’s exceptional potential.
(Fig. 2: Location of the Project Concession)
Drilling Results and Discoveries
The latest drilling campaign confirmed high-grade mineralization over several meters, including:
- 37 m @ 57 g/t Ag, 1.5% Zn, 1% Pb
- Gallium grades between 35 and 141 g/t, with average values twice as high in the southern part of the area.
- Pyrite content of approximately 50% of the tailings – potentially usable for sulfuric acid production or as a byproduct.
These results not only highlight the metallic richness of the material but also the possibility of additionally recovering critical metals such as gallium and indium.
Technology and Sustainability
Since no conventional extraction is required, drilling, blasting, and transportation are eliminated – measures that account for approximately 40% of typical mining costs. Instead, CDPR relies on a low-emission pumping process: Submersible pumps on barges extract the tailings as slurry and transport them via floating pipelines to nearby processing plants. This process significantly reduces dust, noise, and CO₂ emissions and enables continuous 24-hour operation with minimal landscape impact.
The approach combines economic efficiency with environmental compatibility, creating a blueprint for sustainable resource utilization in post-industrial mining.
Excelsior Stockpile Project
Project Overview
The Excelsior Project focuses on the reprocessing of approximately 70 million tonnes of stored rock from previous production periods (1970–1996). Approximately 30 million tonnes of this are located within the El Metalurgista concession. The goal is to transform these dumps, previously classified as “low-grade,” into marketable zinc and lead concentrate production through modern processes.
(Fig. 3: Overview of the Excelsior Project Area with the three terrace levels)
Resources and Geology
According to the NI 43-101 compliant report, the project has:
- Inferred Resource: 30.1 million tonnes @ 44 g/t Ag, 0.6% Pb, 1.5% Zn
- Equivalent to approximately 42.9 million ounces of silver, 437 kt zinc, and 184 kt lead
The material originates from the Cerro de Pasco underground mine and the Raul Rojas open pit mine and represents a complex, epithermal polymetallic system. Mineralization consists of sulfide-rich quartz-pyrite ores as well as carbonate rocks with sphalerite, galena, tennantite, and silver minerals.
Sustainable Value Creation
The reprocessing of already broken rock avoids energy-intensive drilling and blasting. This significantly reduces both operating costs and the ecological footprint compared to newly developed mines. The project exemplifies CDPR’s strategy of transforming historical residues into economically viable and environmentally friendly resources.
Outlook
With the successful completion of drilling, the identification of additional critical metals, and the finalization of the NI 43-101 report for Excelsior, CDPR has achieved crucial milestones.
In 2025, the company received final approval for listing on the TSX Venture Exchange and subsequently began trading on the Lima Stock Exchange (BVL). This step strengthens its presence in Peru and provides access to institutional investors who understand the regional significance of Cerro de Pasco and are committed long-term.
Future work steps include:
- Extended metallurgical test series for gallium and pyrite recovery,
- technical studies for process optimization,
- environmental and social programs in close cooperation with local communities,
- evaluation of additional partnerships for the processing and marketing of the recovered metals.
By combining economic benefit, environmental responsibility, and social integration, CDPR aims to establish Cerro de Pasco as a showcase model for sustainable mining transformation.
Management
The management team of Cerro de Pasco Resources combines technical excellence, financial expertise, and ESG experience at the highest level.
Steven Zadka – Founder & Executive Chairman
Founder of the company (2012) and architect of Cerro de Pasco’s strategic realignment. With over 15 years of experience in the mining sector, Zadka focuses on developing sustainable value creation models and building international partnerships.
Guy Goulet – Chief Executive Officer
Geological engineer with over 35 years of experience in mine development and corporate finance. Known for the successful recommissioning of the Zgounder silver mine in Morocco. Under his leadership, CDPR is developing the El Metalurgista project into a technologically and ecologically leading example of “Tailings Reprocessing.”
Manuel Rodriguez Mariategui – President & Director
Peruvian industry veteran with over 40 years of leadership experience. Combines economic expertise with social responsibility and leads CDPR’s ESG and community programs.
James (Jay) Cardwell – Chief Financial Officer
Over 20 years of CFO experience in listed companies, responsible for financial strategy, governance, and capital management.
Dr. Bernhard Dold – Chief Technology Officer
Internationally recognized expert in environmental geochemistry and tailings remediation, author of numerous scientific publications. Leads the technical development of sustainable processing and remediation methods.
Alfonso Palacio – Senior Project Manager
Qualified Person (NI 43-101), with over 15 years of experience in project management and geotechnical planning. Responsible for technical studies and permitting procedures.
Independent Directors
Chaired by John G. Booth (LLM), an experienced capital markets expert with an ESG focus, complemented by Pyers Griffith and Frank Hodgson, who bring international financial and governance expertise.
Conclusion
Cerro de Pasco Resources Inc. CDPR positions itself as an innovative mining company that transforms historical burdens into new opportunities. With the Quiulacocha Tailings and Excelsior Stockpile projects, the company possesses two large, clearly defined resource sources which contain not only significant quantities of silver, zinc, lead, and gold, but also strategically important metals such as gallium.
The combination of technological advancement, ESG focus, and local integration makes CDPR a potential key player in the transformation of the Peruvian mining landscape. While traditional producers face growing environmental regulations and rising costs, CDPR demonstrates that sustainable metal recovery can be economically viable and ecologically sound.
In the global context of increasing demand for critical raw materials and sustainable supply chains, Cerro de Pasco Resources offers investors the opportunity to participate in a project that combines economic success with social added value – in a region that symbolizes the future of responsible mining.
