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Eloro Resources Ltd

ELO

Eloro Resources Ltd. engages in the exploration and development of mineral properties. It explores for gold, silver, iron ore, zinc, tin, lead, and lithium deposits. The company primarily holds interest in the Iska Iska project, a polymetallic property that covering an area of approximately 900 hectares located in Bolivia; and 82% interest in the La Victoria gold and silver project that covering an area of 8,933 hectares located in the North-Central Mineral Belt of Peru. The company was formerly known as Cleyo Resources Inc. and changed its name to Eloro Resources Ltd. in July 1997. Eloro Resources Ltd. was incorporated in 1975 and is headquartered in Toronto, Canada.

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Information

Key Information

Legal Entity

Eloro Resources Ltd

Sector

Precious Metal

Founded

October 25, 2007

Employees

35

Reporting Currency

CAD

Contact Phone

416-868-9168

Headquarters Address

20 Adelaide Street East , Toronto , ON M5C 2T6 , CA

Identifiers

Commodity Portfolio

AU Gold Primary
AG Silver Primary
PB Lead Byproduct
SN Tin Byproduct
ZN Zinc Byproduct

Stock Exchanges

ELO TSX • CAD
ELO:TSE
ELRRF OTC • USD
ELRRF:OTCMKTS

Organization

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Videos

Kevin Smith: Metals Pullback Creates Buying Opportunity for Crescat Capital

Kevin Smith: Metals Pullback Creates Buying Opportunity for Crescat Capital

Mining Network
18 days ago 24:04

Key Highlights

brief
  • The guest counts Eloro Resources among his names, crediting it with what he calls the largest silver discovery in the world today.

Crescat's Kevin Smith calls the metals pullback a buying opportunity, arguing hawkish Fed rhetoric cannot fix the fiscal imbalances driving gold higher. His activist exploration strategy takes early, large stakes in juniors targeting tier-one gold, silver and copper discoveries, vetted by two PhD geologists. Majors are returning cash instead of replacing reserves, so he expects them to eventually buy junior discoveries to bridge the production cliff. His $20,000 gold model assumes global money supply growth of 7% annually against 1.5% mine supply growth, or a 50% equity drawdown with dollar devaluation. Exploration stocks only recently bottomed against gold after a 15-year bear market, and he expects a retest of the early-2026 highs within a year.

Eloro Resources ($ELO | $ELRRF) CEO Shares Iska Iska Project Origin Story

Eloro Resources ($ELO | $ELRRF) CEO Shares Iska Iska Project Origin Story

Nordic Funds
2 months ago

Key Highlights

detailed
  • The speaker first became involved with Eloro in 2019-2020 on the Iska Iska project, which had never been proven at the time
  • The project sits on a volcano in Southern Bolivia, framed by the speaker as risky but where the opportunity was
  • The speaker positioned Eloro's involvement as following the 2018 pathfinder work of New Pacific Metals
  • Momentum from the 2018 pathfinder backing led the speaker to contact Dr. Osvaldo Arce through Dr. Bill Pearson

Eloro Resources' CEO traces the Iska Iska project to New Pacific Metals pioneering Bolivian silver exploration in 2018. Pan American Silver's backing of New Pacific Metals and Silvercorp's parallel interest signaled that brokers would underwrite Bolivian silver plays. Dr. Bill Pearson connected Eloro with local geologist Dr. Osvaldo Arce, opening the door to the Iska Iska opportunity. Eloro first got involved in 2019-2020, betting on a frontier volcano-hosted deposit that had never been proven.

Eloro Resources ($ELO | $ELRRF) CEO on Bolivian Mining, U.S. Demand, and Global Debt

Eloro Resources ($ELO | $ELRRF) CEO on Bolivian Mining, U.S. Demand, and Global Debt

Nordic Funds
2 months ago

Bolivia’s political environment is described as opening toward critical-metal investment, while U.S. buyers seek nearby supply chains in similar time zones. Longer-term silver and gold trends should be watched alongside escalating global debt, which the speaker says cannot be stopped.

Live Q&A with Rick Rule and Steve Barton

Live Q&A with Rick Rule and Steve Barton

Rule Investment Media
2 months ago

Key Highlights

brief
  • Rule has no ranking on Eloro and says he is familiar with the project only from 25 years ago, with much having changed since

Rick Rule frames currency debasement and a structural copper deficit as multi-year themes, and treats the uranium pullback as a buying window rather than a topping signal. Two majors as shareholders of a junior like Founders Metals create real auction tension if a discovery is made, plus adult supervision and a tighter effective float. Rule sizes lithium as a processing-bottleneck story, not a raw-material shortage, and flags direct lithium extraction from oil and gas brines as the long-term threat to hard-rock producers. Abitibi 'orphan' deposits such as Emperor Metals can now monetize via nearby mills, removing the capex bar that once left them undeveloped in past cycles. Rule is constructive on Cameco, Origin Royalties, Alamos, Emperor, B2Gold, and Cheniere; he is cautious on lithium juniors and explicitly refuses to time the uranium market.

Eloro Resources ($ELO | ELRRF) CEO Discusses Iska Iska Project's Next Development Milestones

Eloro Resources ($ELO | ELRRF) CEO Discusses Iska Iska Project's Next Development Milestones

Nordic Funds
3 months ago

Key Highlights

detailed
  • The CEO says the updated resource estimate outlines close to 1.25 billion ounces of silver-equivalent, anchored by 85.2 million indicated near-surface tonnes averaging 40 g/t silver with 1.21% zinc and 0.71% lead.
  • He expects a preliminary economic assessment in Q4 2026 or Q1 2027, built on an initial roughly 20,000 tonne-per-day open pit at about 40 g/t silver and an indicative $800 million capex for the first processing plant.
  • He says a 40,000-metre drill campaign began about two days before the interview, with three rigs due to be turning within about six weeks and 15,000-20,000 metres of infill aimed at lifting grades before the PEA.
  • He says Eloro has paid out the $10 million option on the private Iska Iska property and now holds 99% with 100% economic control and no royalties.
  • He notes the share price tracked silver from about $1.10 to $3.40 before falling to the $1.60-$1.70 range as silver pulled back to around $65 an ounce, while three brokers rate the stock a buy with targets up to $5.

Infill drilling lifted Eloro's indicated silver grade above 40 grams per tonne across 85.2 million tonnes, anchoring a PEA (preliminary economic assessment) due late 2026. Bolivia's new government and closer US ties, including DFC involvement and Korea Zinc's Tennessee refinery, are easing the jurisdiction risk that long deterred investors. Testing shows clean silver-zinc and lead-silver concentrates, while oxidized tin in the TIB (Tertiary Intrusive Breccia) could recover around 60%, strong for tin. Land ownership is settled: the US$10 million option is fully paid, Eloro holds 100% economic control through a 99% JV, and no royalties apply. Initial open-pit plans envision roughly 20,000 tonnes per day of throughput with about US$800 million capex; the PEA opens the door to strategic partners.

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