NGEx Minerals Ltd.
NGEx Minerals is advancing the Los Helados copper-gold porphyry project in Chile (majority-owned and operated by NGEx, with Lundin Mining joining as a minority joint-venture partner in 2026) and the adjacent high-grade Lunahuasi discovery in Argentina, together forming one of the largest undeveloped copper-gold resource bases in the world, with Los Helados targeting the start of underground development in Q4 2026 pending remaining permits.
Notable vs. Peers
- Financials score of 1.8/10 is weaker than the peer average of 6.3/10.
- Jurisdiction risk score of 6/10 is meaningfully riskier than the peer average of 7.6/10.
Lifecycle Milestones
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 the underlying research identifies — whether a major already holds a JV, earn-in, or 5–19.9% strategic stake — isn't tracked yet and is absent from this score.
Your Rankings
Management Team
President and CEO of NGEx Minerals Ltd., a Lundin Group company advancing the Los Helados and Lunahuasi copper-gold projects in Chile and Argentina, since 2019. Geologist (PhD Geosciences, University of Arizona) with 30+ years of experience in international mineral exploration and corporate management. With the Lundin Group since 2007: CEO of Sanu Resources Ltd. (2007-2009), CEO of Josemaria Resources Inc. (2009-2019, NGEx's own direct predecessor under an earlier name, not written as an external role), and concurrently CEO of Filo Corp. (2016-2017, a genuinely separate Lundin Group entity, later jointly acquired by Lundin Mining and BHP in 2025 to form Vicuna Corp., years after his tenure there). Before the Lundin Group, with Teck Cominco Ltd, managing exploration offices across South America and finishing as General Manager of Exploration for North America and Europe-Africa.
Chief Financial Officer of NGEx Minerals Ltd. effective 10 Jun 2026. Chartered Accountant (CPA, CA) with 20+ years of mining-industry finance experience, most recently CFO for multiple publicly-listed junior mining companies -- senior finance positions at Lucara Diamond Corp., NovaGold Resources Inc. (already tracked in this DB, NG) and Energy Metals Corp., driving operational performance, M&A, financing and exit strategies. Started his career at Deloitte. BBA, Simon Fraser University.
Vice President Exploration of NGEx Minerals Ltd. A professional geological engineer (registered P.Eng, British Columbia; BASc, University of British Columbia) with 29 years of experience in public-company management and international mineral exploration; he has held the VP Exploration role across the NGEx entities since being appointed 2 Sep 2011. Joined Josemaria Resources Inc. (formerly NGEx Resources Inc., NGEx's own direct predecessor) from Lundin Mining Corporation's UK office, where he was GM, Resource Exploration. Also formerly VP Exploration for Filo Corp., a separate Lundin Group entity later jointly acquired by Lundin Mining and BHP in 2025 to form Vicuna Corp. Before Lundin Mining, VP Exploration at EuroZinc Mining Corporation and executive/director roles at several other Canadian exploration companies. Former Director and 1st Vice President, Association for Mineral Exploration British Columbia (AME BC); sat on Geoscience BC's technical committee (board/association roles, not scored).
Vice President Operations & Projects of NGEx Minerals Ltd. 30 years of international mining, project-development and consulting experience, including 6 years working on development of the Vicuna district, 10 years leading large multinational teams delivering engineering studies/consulting services worldwide, and 13 years in on-site project-development and operations roles at gold and copper operations in Australia and Peru. VP Projects at Josemaria Resources (NGEx's own direct predecessor, not written as an external role) and VP Projects & Operations at Filo Corp. (a separate Lundin Group entity, later jointly acquired by Lundin Mining and BHP in 2025 to form Vicuna Corp.). Earlier, VP Mining & Asset Performance Consulting at Ausenco, and within Amec's consulting arm: VP Global Mining Consulting Group, VP Mining and Geology, GM Mining Consulting, and Principal Consultant. Also formerly an Independent Director of Faraday Copper (board role, not scored). BSc (Hons), University of Queensland; MBA, Queen's University.
Vice President Geology & Resources of NGEx Minerals Ltd. (joined the Lundin Group in 2022 as Principal Resource Geologist, responsible for data management, geological modeling and resource estimation for both NGEx Minerals and Filo Corp. -- modeling and estimating the Filo del Sol and Los Helados deposits). 15 years of technical-leadership experience, including 7 years in management with Goldcorp Inc. and 5 years at operating mines with Teck Resources Limited. Registered Professional Geologist, British Columbia; honours degree in Geology and MBA, Saint Mary's University (Halifax); Citation in Geostatistics, University of Alberta.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
The Lundin family trusts own about 34.9% through Nemesia, and topped up with C$25M at C$11.00 in October 2024 and again on-market at $28.33 in January 2026. In March 2026 Lundin Mining agreed to pay JX Advanced Metals US$215M for the 30.9% of the Los Helados joint venture it did not own, buying into the project alongside NGEx, which stays operator with the casting vote. Read those together rather than separately -- the Lundin family is the common thread, so this is one camp adding, not two independent votes. Four insiders bought on-market in the last year, though a larger amount of stock was sold by others.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
We haven't parsed this company's PEA/PFS/FS recommendations yet — cut-off grade, mine life, DCF/NPV, and the report's own next-steps guidance are a planned research pass, not live data for every company yet.