Regulus Resources Inc. (TSX V.REG) was formed in December 2010 in connection with the sale of Antares Minerals Inc. to First Quantum Minerals Ltd. The Antares team responsible for the discovery of the Haquira porphyry copper deposit, which led to the sale of Antares, is seeking to build on that experience and make another major discovery. Regulus was initially established to continue exploration at the 100% held Rio Grande Au-Cu-Mo porphyry project in northern Argentina.. In September 2014, the Company completed a merger with Southern Legacy Minerals Inc. (“Southern Legacy”). The primary objective of the merger was to acquire the AntaKori Cu-Au-Ag project in northern Peru, which is now the flagship project for Regulus. AntaKori has an initial NI 43-101 resource of almost 300 million tonnes with attractive grades of copper and gold based on limited previous drilling. Regulus commenced an extensive drill program in 2017 to confirm and increase the size of the resource with the objective of establishing AntaKori as the next major copper-gold discovery in Peru.
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