en.Wedoany.com Reported - SCM Estefanía is advancing the Flor de Oro Azul project in the Freirina-Vallenar area of the Atacama Region, Chile, focusing on the development of critical minerals including copper, gold, cobalt, and rare earth elements.
This polymetallic project integrates copper, gold, cobalt, and rare earth resources, minerals increasingly vital to industries such as electric vehicles, renewable energy, electronic systems, and advanced manufacturing. As global demand for strategic minerals grows, mining discussions are expanding beyond copper and lithium into broader fields. Driven by the energy transition and technological development, projects capable of incorporating new strategic minerals into national production matrices are gaining increased attention.
The mining concession is located in the Freirina-Vallenar area, where SCM Estefanía has been operating continuously since 1990, accumulating geological knowledge, exploration experience, and an understanding of the region's mineralogical characteristics.
The Flor de Oro Azul project is characterized by its polymetallic nature, differing from Chile's historical mining model, which has largely focused on single-resource development. The project integrates minerals intended for various industrial uses and value chains. Additionally, the project is based on systems associated with hard rock, within an Iron Oxide Copper Gold (IOCG) environment, distinguishing it from other rare earth projects related to ion-adsorption clay deposits. This geological condition presents different technical and development requirements, emphasizing the need for reliable information, sustained exploration, and technical validation aligned with international standards.
Sofía Riff Sfeir, CEO of SCM Estefanía, stated that countries are changing how they understand mining, considering not only resource availability but also the capacity to secure supply for strategic industries. She noted that Chile has an opportunity to expand its mining participation beyond traditional minerals and emphasized that seizing this opportunity requires exploration, reliable geological information, and the ability to move toward international validation standards. In this context, as Western economies seek to reduce dependence on concentrated suppliers and strengthen supply chain resilience, the Flor de Oro Azul project faces higher requirements in terms of governance, traceability, and sustainability.
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