Carlton Precious Inc. (TSXV: CPI, OTCQB: CPIFF) is a name-change (Dec 2024) exploration company holding a diversified, entirely early-stage portfolio across three countries. Esquilache (southern Peru) is an Ag-Pb-Zn property with a 2018 CSA Global technical report (an exploration report, not a resource estimate) and previously compiled 'in-house' (company-generated, not NI 43-101-compliant) historical resource estimations that the company's own geological team is reviewing as of early 2026 to assess whether they could support a small (up to 500 tpa) surface/underground operation; a DIA (environmental impact declaration) application to Peru's MINEM was expected early 2026. Dunfee (Nevada, USA) is a much earlier-stage gold-silver vein prospect: a late-2025 rock-chip sampling program (35 samples) returned up to 6.7 g/t Au and 493 g/t Ag, prompting the company to expand its claim block from 23 to 53 lode claims (~430 ha); an IP/ground magnetic survey was planned ahead of drilling targeted mid-2026. Copper Hills (Nevada) and the Yandoit/Stavely properties (Victoria, Australia) are additional early-stage holdings with no resource or economic study of any kind.
Notable vs. Peers
- Financials score of 3.6/10 is weaker than the peer average of 5.9/10.
Lifecycle Milestones
Not yet determined: mill, tailings facility.
Jurisdiction (40%)6/10
The Esquilache project is in Peru's Puno region. Peru is an established mining jurisdiction with a mature regulatory framework, but moderate permitting, community-relations and political-instability risk.
Infrastructure (40%)7.9/10
Confirmed road access and confirmed grid power at Esquilache Silver-Lead-Zinc Project, Puno region, Peru; existing mill and tailings facility not yet researched, counted at a neutral 5/10 until established.
Nearby producing mine (20%)Not yet researched
No project coordinates on file yet, so distance to a producing mine can't be measured.
Acquisition Susceptibility
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score: Not scored
No pending acquisition or merger disclosed (checked)
Not scored: having no deal in flight isn't held against a company.
Weight 26.25% - Producer's strategic stakeSub-score: Not scored
No producer holds a disclosed stake on file (holder register researched) See holders
Not scored: most juniors that do get bought had no prior toehold, so a missing stake says little either way.
Weight 25% - Distance to a producing mineSub-score: Not yet researched
Distance not yet researched: no project coordinates on file
Distance can't be measured without coordinates, so excluded rather than counted as far.
Weight 22.5% - Lifecycle stageSub-score:1/10
Stage: Grassroots Exploration
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 57% here - JurisdictionSub-score:6/10
Peru: jurisdiction score 6/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 26% here - CommoditySub-score:5/10
Primary commodity: Silver
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 17% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
Your Rankings
Management Team
President, Chief Executive Officer and Director of Laramide Resources Ltd. (TSX: LAM), 1995-present, and Chairman of Carlton Precious Inc. (TSXV: CPI); also a director of Getchell Gold Corp. A senior mining executive with more than 20 years at the helm of public mineral exploration companies: founded Treasury Metals Inc. as its Chairman in 2008 following the spinoff from Laramide, and was President and Chief Executive Officer of Aquiline Resources Inc. from 2004 until its sale to Pan American Silver Corp. (announced late 2009, completed January 2010). CFA Charterholder; economics degree from the University of Colorado.
Chief Executive Officer and a Director of Carlton Precious Inc. (TSXV: CPI). Holds an MBA and a BSc (Geology), with 20 years of extensive mine geology operational experience in open pit gold mining and on precious metal projects worldwide. Has served as a director of and led multiple junior mining companies on the TSX and TSX Venture Exchange including Forrester Resources Corp., Treasury Metals Inc., Absolut Resources Inc., Sierra Minerals Inc., Aquiline Resources Inc., St Andrew Goldfields Ltd., Crown Point Energy Inc. and Amarillo Gold Corp. BSc in Geology from the University of Ballarat, Australia; MBA from the University of Toronto. Source: carltonprecious.com/team/.
Chief Financial Officer of Carlton Precious Inc. A Chartered Accountant (CA) with 20+ years in private accounting practice, plus prior senior management roles with KPMG in Canada and Ernst & Young in the United Kingdom and Saudi Arabia. Source: carltonprecious.com/team/.
Director of Carlton Precious Inc. Extensive experience in the mining industry focused on managing environmental and sustainability issues relating to mine permitting in Australia and Latin America. Currently Vice President, Environment for Pan American Silver Corp., based in Sydney, and a former Aquiline Resources Inc. team member prior to that company's acquisition. A Chemical Engineer with a Master's Degree in Environmental Management from the University of New South Wales. Source: carltonprecious.com/team/.
Director of Carlton Precious Inc. Holds an MCOM and has 20 years of experience as a senior executive and business consultant in private and offshore banking, finance and investment, project management, junior mining and exploration, and property development. A founding partner of a retail textile company, a financial service group and a property development company. Master of Arts in Economics from the University of Fribourg, Switzerland. Source: carltonprecious.com/team/.
Director of Carlton Precious Inc. Extensive experience in the investment banking industry in both fund management and capital raising. A former fund manager with Lion Resource Management, co-managing mining funds and the Phoenix Gold Fund, and established Cornerstone Advisors, a corporate finance consultancy. Currently manages personal assets in the resources, energy, technology and medical sectors. Holds a finance degree. Source: carltonprecious.com/team/.
A Director of Northern Shield Resources Inc. (TSXV: NRN), appointed to the board as announced by the company in November 2012; also Director & Vice President, Exploration of International Prospect Ventures Ltd.; Advisor & Consultant to Carlton Precious Inc.; and a director of Thunder Gold Corp. and Vision Lithium Inc. PhD, P.Geo., MSc (Geology). Managing Director and Principal Geoscientist for Caracle Creek Chile SpA and President, Principal Geoscientist and a Director of Caracle Creek International Consulting Inc. (Canada), an international geological and geophysical consulting group he co-founded in 2001. Almost 30 years in the mineral exploration business across fieldwork, management, research and project finance, and nearly 20 years as an officer, director and technical advisor with public and private companies, having taken several private firms public. A registered geoscientist with the Association of Professional Geoscientists of Ontario (APGO), an Adjunct Professor in the Department of Geology at Lakehead University, and a certified Project Management Professional (PMP). Served as President of the Prospectors and Developers Association of Canada from 2010 to 2012 and as a PDAC Director from 2002 to 2010. Appointed Vice President, Exploration of International Prospect Ventures in 2018.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
No smart-money tracking (institutional/large-investor activity) for this miner yet — this is a planned feature, not live data.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Carlton Precious, renamed in December 2024, holds an early-stage portfolio across Peru, the United States and Australia. Its most documented asset is the Esquilache silver-lead-zinc property in southern Peru, which has a 2018 technical report that is not a resource estimate and older in-house historical estimates that are not NI 43-101 compliant, which the company has been reviewing to assess whether they could support a small surface and underground operation. In Nevada, rock-chip sampling at the Dunfee gold-silver prospect in late 2025 returned up to 6.7 g/t gold and 493 g/t silver, after which the company expanded the claim block from 23 to 53 lode claims, and it also holds the Copper Hills property in Nevada and the Yandoit and Stavely properties in Victoria, Australia. None of its properties has a resource estimate.