Panoro’s projects are located in the prolific mining region of Apurimac-Cusco, the Andahuaylas-Yauri Batholite, where three bulk-tonnage world class copper mines were built and started production during the last seven years: Las Bambas (MMG), Constancia (Hudbay Minerals) and Antapaccay (Glencore) mines.
New infrastructure such as power lines, access roads, manpower and pro-mining social integration was developed in the region to carry these mines to commercial production. A new mining expansion is now being developed in the west side of the region, with two advanced copper projects; Los Chancas (Southern Peru) and Trapiche (Minera Buenaventura).
Two wide public roads facilitate the logistics access and connect the region with the main sea ports of southern Peru for shipments of minerals: the Marcona Seaport accessed via Ayacucho and Ica, and the Matarani Seaport by Cuzco and Arequipa.
The power line connected with the national grid is available in the region and is still in expansion.
Panoro has 10 exploration projects in this region of which two of them; Cotabambas and Antilla, are the most advanced with significant drilling, mineral resources estimation and preliminary economic assessments studies (PEA) in place. Cotabambas is located 40km to the north of the Las Bambas mine and Antilla is located between Los Chancas and Trapiche projects.
On January 8, 2018, Panoro announced the completion of the sale of its Kusiorcco Cu, Ag, Au, Mo Project to Hudbay Minerals Inc. for up to US$5 million plus a 2% NSR Royalty.
On October 2, 2018 Panoro announced a Joint Venture in the Humamantata Cu, Ag, Au, Mo project with JOGMEC, with an option to earn up to 60% indirect beneficial interest with the investment of US$8.0 Million in the project plus a 2% NSR Royalty for Panoro upon commencing drilling in 2020.
In addition to the advanced projects, between 2012 and 2015, Panoro performed exploration work at its Cochasayhuas, Promesa, and Anyo projects such as geologic mapping, rock sampling, geophysics surveys, and diamond drilling. At its Checca, Morosayhuas, and Sancapampa projects the exploration studies are those inherited from Cordillera de Las Minas completed by their former shareholders Antofagasta Minerals and Vale Rio Doce.
Panoro is open to negotiate associations or joint ventures with other partners to continue their exploration and development.