Far East Capital Newsletter
Alicanto - Shifting Focus to High Grade Base Metals in Sweden
16 Nov 2019

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Alicanto - Shifting Focus to High Grade Base Metals in Sweden

Alicanto Minerals is a junior exploration company that was initially involved in gold exploration in Guyana, but is now changing its focus to explore for high grade base metals with associated gold.

Alicanto’s new CEO, Peter George, is a Kalgoorlie School of Mines engineering graduate who happened to spend seven years working as a mine manager with Boliden. He is working closely with Erik Lundstam who has been a career geologist with Boliden. More recently Lundstam has reverted to a consulting role with Boliden and Alicanto. His knowledge of the Bergslagen geology is second to none. Having worked together since they both started their careers in 1995, George and Lundstam make for a team most likely to succeed in the project areas.

When asked about the potential upside, the CEO replied "I get asked that question a lot, but we have a mined-out 28 Mt orebody right next door (less than 4 km) on the same limestone ore horizon as a 38% zinc deposit mined-out in 1904. We then have over 40 km of relatively untested ore horizon plus an IOCG style copper-gold discovery that has not got a drill hole in it (but with 12% copper rock-chips). If we find something even 10% the size of Falun, we will not be a $10m market cap for very long. This is the reason why we are here". 

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