Post by Commodity Discovery Fund
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ππ§π ππ‘π π°π’π§π§ππ« π’π¬...π Β The CDFund Discovery Award 2026 was presented on May 19, 2026, during Canaccordβs Global Metals & Mining Conference in Las Vegas. Five companies with significant discoveries were nominated, including AbraSilver Resource Corp., Founders Metals, Sitka Gold Corp, and Turaco Gold, but NGEX Minerals Ltd. was named the winner for its massive Lunahuasi discovery. π ππ The Lunahuasi discovery was made in 2023 in Argentinaβs San Juan province, within the renowned VicuΓ±a District. It's rich in copper, gold, and silver, with exceptional grades of up to 40% copper and 24 g/t gold. The deposit is large, remains open in all directions, and continues to show strong growth potential through ongoing exploration. Following the discovery, the companyβs share price surged 1,000%, while its market capitalization grew from C$40 million to C$12 billion. Our fund captured a significant part of this value creation. This yearβs winner is therefore an outstanding example of our Discovery Investing strategy.Β A full overview of the nominees for the 2026 Discovery Award can be found in the jury report: https://lnkd.in/e5XnqPkw