Rosa Ventures Signs Letter of Intent for Option Agreement on Polanco Copper Project in Chile
March 27, 2026
Rosa Ventures Ltd. is pleased to announce that it has entered into a Letter of Intent (“LOI”) with New Era Minerals Investments SpA for an exclusive option to acquire a 100% interest in the Polanco Porphyry Copper-Gold Project, located in the highly prospective Paleocene Porphyry Copper belt of Northern Chile. The project comprises approximately 2,763 hectares of mineral rights and is situated in one of Chile’s premier copper-producing districts.
“Our entry into the Polanco Project represents a significant step forward in building a high-quality copper portfolio in Chile,” said Ned Nadima, Chief Executive Officer of Rosa Ventures. “This agreement provides us with a clear pathway to advance a large-scale porphyry system in a world-class jurisdiction, backed by strong exploration potential and proximity to established infrastructure.”
Under the terms of the LOI, Rosa Ventures will have a five-year option period to earn a 100% interest in the project through staged payments totaling USD $2,000,000 and a minimum exploration commitment of USD $5,000,000. Upon exercise of the option, the vendors will retain a 1.5% Net Smelter Return royalty, with standard buyback provisions. The project benefits from extensive prior technical work, including geochemical sampling and magnetic surveys that have outlined compelling porphyry-style targets.
This transaction aligns with Rosa Ventures’ strategy of acquiring and advancing district-scale copper opportunities in Chile, one of the world’s leading copper-producing countries. With global demand for copper continuing to rise due to the energy transition, electrification, and renewable infrastructure buildout, Polanco offers excellent potential to deliver meaningful value for shareholders.
About Rosa Ventures Ltd.
Rosa Ventures Ltd. is a junior mineral exploration company focused on the acquisition and advancement of base metal projects in the highly prolific Andes region. The company is actively building a portfolio of copper porphyry opportunities in tier-one mining jurisdictions and is pursuing a reverse takeover transaction to become a publicly listed company.