Interview with Jeremy Gillis, Director Capital Markets of Sendero Resources

Our previous interview: https://www.cruxinvestor.com/posts/sendero-resources-tsxvsend-drilling-high-grade-targets-in-argentinas-vicua-copper-district-5346

Recording date: 10th December 2025

Sendero Resources has emerged as a compelling exploration story following a comprehensive restructuring that brought together mining industry veterans to advance a district-scale land position in Argentina's proven Vicuña copper-gold belt. Trading at approximately $30 million market capitalization with just 24 million shares outstanding, the company controls 211 square kilometers along the same structural corridor as billion-dollar discoveries including Filo del Sol, Josemaría, and Los Helados.

The transformation began in 2024 when new leadership overhauled the struggling junior explorer, recruiting CEO Alex Gostevskikh (ex-Kinross, Centerra) and Steven McMullan, a PDAC prize-winning geologist whose discovery work contributed to Kamoa—now the world's fourth-largest producing copper mine. This production-focused technical team brings a critical economic lens to evaluating mineralization from the earliest exploration stages.

What distinguishes Sendero's approach is comprehensive data reprocessing. The team analyzed 40 years of historical exploration data from the property—including 16,000 meters of drilling that showed mineralization throughout with no blank holes—plus 300,000 meters of drilling data from neighboring Filo del Sol. This work identified specific pathfinder elements and structural controls consistent between major district discoveries and Sendero's ground, including anomalous silver signatures that mirror Filo del Sol's high-grade zones.

The company has attracted blue-chip mining investors including Peter Marrone (Yamana Gold, Allied Gold) and Argentine billionaire Eduardo Elsztain, who participated in progressively higher-valuation financings. The most recent $4 million raise closed at $0.95 per share with no warrants—a significant premium to earlier rounds. With management and strategic investors controlling 60-70% of shares, minimal public float exists.

Sendero plans a focused 3,600-meter drill program for Q1 2026, targeting a newly identified area along a fault corridor that management believes hosts discovery-scale mineralization. Rather than testing multiple historical targets, the six-hole program concentrates on what the team considers the highest-probability opportunity for a significant find in this world-class gold-copper district.

View Sendero Resources' company profile: https://www.cruxinvestor.com/companies/sendero-resources

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