• TSX.V REG: $1.54 CAD
  • AU: $1,488.98 USD
  • CU: $2.65/lb USD


Regulus Resources Inc. (TSX V.REG) is a Canadian exploration company formed in December 2010 under the directorship of the former management of Antares Minerals Inc. (TSX V.ANM): John E. Black, Dr. Kevin B. Heather and Mark Wayne. Regulus was created through the spin-out of the Rio Grande Cu-Au project in Argentina at the conclusion of the sale of Antares to First Quantum Minerals (TSX.FM, UK FQM) for approximately C$650 million, primarily for the giant Haquira Cu-Mo-Au deposit in Peru.

Regulus’ focus is on the AntaKori project in Northern Peru where it drilled continuously throughout 2018. The Phase I drilling program (20,332 m through to hole AK-18-027) was completed by October 2018 and was utilized to calculate the updated Resource Estimate reported on 1 March, 2019 (see news here).  Upon conclusion of the Phase I drilling program, the Company entered directly into the Phase 2 drilling program. 

Regulus also spun out its Rio Grande project, Aguas Calientes project and its other Argentina assets forming a new exploration company, Aldebaran Resources Inc. (TSX V.ALDE) in October 2018.

Significant Shareholders:
Insiders 14%
Route One Investment Company 23.62%
First Quantum Minerals, Sentry, Primevest with significant positions

Following Antares’ successful monetization of the Haquira asset in Peru and the merger with Pachamama, Regulus maintains significant strategic alliances with Farallon Capital (San Francisco), the International Finance Corporation (IFC: member of the World Bank, Washington DC) and First Quantum Minerals Ltd, which collectively hold an aggregate 24% of the shares of Regulus.

Company Focus Strategy

Achieved by end of 2018  2019 By 2020
Completed Phase 1 23,000+m drill program at the AntaKori Cu-Au project in Peru, doubling previous drilling meterage to allow basis for revised resource estimate in early 2019. Published updated Resource Estimate for AntaKori 1 March 2019 (see here). Regulus will continue drilling to work towards definition of the full size of the mineralized system. Continue to aggressively drill out the AntaKori Cu-Au deposit leading to a revised resource update and probable PEA in early 2020 that will begin to reveal the full extent and potential value of the mineralization.

Timeline of Events

Regulus was formed by the same management team as Antares which had just sold Haquira to First Quantum for $650 million
Regulus and Pachamama merge, consolidating their respective 50% interests in the Rio Grande Cu-Au project
Regulus and Southern Legacy merge; Regulus acquires AntaKori project in Peru
Regulus completes definitive agreements for AntaKori with Coimolache and Colquirrumi
Regulus commences Phase 1 drill program at AntaKori
Regulus spins out Argentina portfolio to form Aldebaran
Q4 2018
Data cut-off for updated Resource Estimate at AntaKori and Phase 1 Drill Program Completed
Phase 2 Drill Program at AntaKori, approx 25,000m
1 March 2019
Publish updated Resource Estimate at AntaKori
2019 + 2/3 years
2-5 rigs for extensive drilling to show full potential at AntaKori
Target 2020
Updated Resource Estimate and initial PEA at AntaKori

© 2019 Regulus Resources Inc.
All rights reserved.