Lara Exploration Ltd

LRA

Lara Exploration Ltd. engages in the acquisition, exploration, and development of mineral properties in South America. The company explores for copper, gold, iron, phosphate, titanium, vanadium, and zinc deposits. Its flagship property is the Planalto copper project, in which the company has an option to acquire 100% interest located in the Carajás Mineral Province of northern Brazil. Lara Exploration Ltd. was incorporated in 2003 and is headquartered in Vancouver, Canada.

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Information

Key Information

Legal Entity

Lara Exploration Ltd

Sector

Precious Metal

Founded

March 28, 2006

Reporting Currency

CAD

Contact Phone

604 669 8777

Website

www.laraexploration.com

Headquarters Address

543 Granville Street , Vancouver , BC V6C 1X8 , CA

Identifiers

ISIN

CA5166831092

Commodity Portfolio

CU Copper Primary

AU Gold Secondary

SN Tin Secondary

Stock Exchanges

LRA TSXV • CAD

LRA:CVE

LRAXF OTC • USD

LRAXF:OTCMKTS

Organization

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Videos

Adrian Day Reveals His 3 Biggest Mining Positions Right Now

Mining Network

3 months ago

Key Highlights

brief

Day discloses that his firm owns more than 15% of Lara Exploration, making it one of three holdings each above 10% of assets in the accounts he manages.
He lists Lara (LRA, Toronto or Vancouver) among those positions and says none of the three is one he is even dreaming of selling.

Adrian Day sees gold retesting its lows, possibly toward $3,600, if the Federal Reserve hikes rates before the midterms. Because a rate hike is already priced in, he argues any macro surprise for gold can only resolve in one direction. Headline unemployment understates labour market slack: roughly 11 million people want full-time work but are not counted as unemployed. Altius Minerals, Lara Exploration and Orogen Royalties each exceed 10% of his fund's assets, with cash held ready to buy dips. He expects mid-tier miners, not the majors, to drive the next wave of mining M&A, with Barrick's African assets spun out or sold.

Planalto Copper-Gold Deposit’s Pre-Feasibility Pathway with Lara Exploration CEO Simon Ingram

MiningStockEducation.com

3 months ago

Key Highlights

detailed

The CEO reports Lara raised about $25 million and, as of the early-July 2026 update, had seven drill rigs turning at Planalto with more than 10,000 meters across just over 30 holes drilled to validate the geological model and upgrade indicated/inferred resources toward measured & indicated for pre-feasibility.
Drilling is confirming a central higher-grade core of roughly 0.6% to over 1% copper, which the CEO calls the most exciting result because it sits right where mining would start; results will go into an updated resource estimate rather than being released hole by hole.
Four holes south of the smaller Silica Cap pit returned good intersections at slightly higher grades (in the 0.6-0.7% copper range per the CEO), and the newly acquired Atlantica license adds a 3-kilometer extension that still needs drill permits and landowner access.
Support studies run in parallel: more water wells and geotechnical holes, a phase-three metallurgical drilling program for the chalcopyrite copper-gold mineralization, access and power studies, and surface water management in an area receiving about two meters of rainfall per year.
Management says the financing is enough to carry Planalto through pre-feasibility and into feasibility, and points to batch drill releases, an updated resource estimate, and an environmental baseline study completing around end-2026 ahead of the first permit filing (about a year of review including public consultation) as the catalyst sequence.

Seven rigs have drilled over 10,000 metres across 30-plus holes at Planalto, confirming a higher-grade core of 0.6% to over 1% copper. Infill drilling — added holes between existing ones — upgrades inferred resources to measured and indicated, feeding an updated resource estimate for pre-feasibility. Drilling south of the Silica Cap pit returned encouraging intersections, while the 3 km Atlantica license awaits permits and land access. Environmental baseline studies should finish around year-end, leading to a first permit filing that takes roughly a year to review. The CEO points to a nearby BHP asset sale above $400 million as evidence of buyer appetite for small Carajás copper mines.

“Our Planalto Copper Project will be a Mine” explains Lara Exploration CEO Simon Ingram

MiningStockEducation.com

6 months ago

Key Highlights

detailed

Ingram says the recently closed C$33M (about US$25M) financing, priced at C$3 a share with no warrants, gives Lara several years of runway to move the Planalto copper-gold open-pit project through pre-feasibility and start feasibility work without having to return to the market.
He says about $10 million of that raise is earmarked for the next phase: infill drilling to move the Planalto resource from inferred and indicated into indicated and measured, plus technical studies and an environmental study ahead of permitting.
At the time of the April 2026 interview the shares traded around $3.65, up from $3 in the raise and from roughly $0.55 about two and a half years earlier; Ingram calls that a large discount to what he expects the project to be worth as it moves toward production, and frames the discount as an opportunity.
Atalaya Mining took about 7% at the corporate level on identical terms to other investors, a few other institutions came in alongside, and insiders also bought, leaving management slightly under the roughly 20% of shares they held before the raise.
Near-term catalysts he flags are drill results over the next two to three months that he expects to largely confirm the PEA resource, plus follow-up drilling along the Silica Cap trend into the newly acquired Atlantica license, where surface work suggests grades could run 0.6% to 0.8% copper, above the main pit.

Lara Exploration closed a C$33M financing at C$3 per share with no warrants, giving the junior several years of runway. About $10 million funds moving the Planalto copper-gold open-pit project from PEA (a preliminary economic assessment) toward feasibility. European copper producer Atalaya Mining took 7% at the corporate level, a plain equity stake with no special rights or investor agreement. Ingram argues the share price reflects a wide discount to project value, with the stock up from $3 to about $3.65 since closing. Drill results arrive within two to three months, converting inferred and indicated resource and testing the Silica Cap trend for higher grades.

“We’re Selling Oil Stocks Now” says Resource Fund Manager Adrian Day

MiningStockEducation.com

7 months ago

Key Highlights

detailed

Day discloses that Adrian Day Asset Management owns 19.9% of Lara Exploration — the largest stake it wants, to avoid the 20% level where buying and selling restrictions apply.
He praises the team as experienced and ethical, noting they ran the company on minimal cash for years while holding pieces of or royalties on multiple projects, some already generating revenue.
The core of his thesis is the Pilar (referred to in the transcript as 'Pinalto') copper discovery in Brazil, which he calls one of the largest copper discoveries of the last decade, made by the same team behind the Timok copper discovery in Serbia that was later sold to Zijin.
He argues the deposit will get built because of the copper shortage and its location in a mining-friendly jurisdiction with flat farmland, no indigenous people issues and no environmental objections.
Day expects Lara to add ore through exploration on newly acquired adjacent land (the 'Atlantica' acquisition) and predicts that either before or after the first preliminary economic assessment — expected within a year — someone will buy the deposit, if not the company.

Adrian Day argues the U.S. is drifting into 1970s-style stagflation, with understated unemployment, maxed-out credit cards, and stubborn inflation eroding real wages. Gold typically rallies ahead of a geopolitical event and sells off as profits are taken; Day remains extremely bullish on gold for the next 6-12 months. Oil stocks have rerated on buybacks and dividends and are no longer cheap relative to oil, so Day has been selling them rather than buying. Gross underinvestment has left most commodities without supply cushion; even permitted copper projects need about five years before first production, so prices must ration demand. Day favors large-cap gold producers like Agnico Eagle on price-to-free-cash-flow value, sees some juniors as phenomenally undervalued, and holds 19.9% of Lara Exploration.

Articles

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Why Adrian Day Owns 19.9% of Lara Exploration: Copper Scarcity, a Buildable Deposit, and a Team That Runs on Fumes

Resource fund manager Adrian Day explains why his firm holds 19.9% of Lara Exploration: a proven management team running a royalty-and-project portfolio on minimal cash, anchored by the Pinalito copper discovery in Brazil, with the same team behind the Timok copper discovery later sold to Zijin. He expects a pre-feasibility study within a year and thinks the deposit — or the company — is a likely takeover target.

7 months ago

“We’re Selling Oil Stocks Now” says Resource Fund Manager Adrian Day

Read article

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