Nilam Resources, Inc. (NILR.OB) acquires, explores, and develops gold mineral properties primarily in Peru through its wholly owned subsidiary, Nilam Resources Peru SAC. The company has three mineral properties in Peru: The Pativilca property, The Llipa property, and the El Varon property. All three properties are located near major mineral trends and mines.
Nilam’s Pativilca property is a 2,100-hectare property that contains a fully operating gold processing plant. Annual revenues are expected to exceed $10 million from Pativilca gold production. The company has plans to expand the Pativilca plant production to 500 tons of ore per day, which would result in revenues that could reach $100 million annually.
Nilam’s Llipa property is a 1,133-hectare property that contains multiple developed mining shafts, although mining operations have been non-existent for 20 years. The Llipa property is located between the Antamina and Cerro de Pasco mines and is expected to be a major poly-metallic open pit mine. The company’s El Varon property has yet to be developed but has the necessary infrastructure for mining operations, such as electricity, accessible transportation, and a location near water.
Nilam is actively pursuing acquisitions not only in Peru, but also throughout South America. The company intends to explore for gold, copper, and silver resources. Nilam is expected to profit through their mineral mining efforts due to rising gold demand and low gold supply, as well as the rise in price for other precious minerals.
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