Company Overview

Condor Resources Inc. is a Canadian-based mineral exploration company focused on the acquisition, exploration, and development of base and precious metal projects. The company operates within the mining and mineral exploration industry, with a strategic emphasis on copper, gold, and silver assets. Its business model is primarily project generation and exploration advancement, with value creation driven by discoveries, joint ventures, option agreements, and potential asset monetization rather than direct mine production.

Founded in 2003, the company has evolved from an early-stage explorer into a diversified junior exploration company with a portfolio of projects in Peru and Canada. Condor is positioned as a technical exploration partner, often leveraging partnerships with larger mining companies to advance projects while managing capital risk. Its strategy centers on identifying underexplored or historically productive districts with strong geological potential.

Business Operations

Condor Resources operates through a portfolio-based exploration model, generating revenue indirectly through option payments, royalties, and potential asset sales rather than operating mines. Its core business units consist of wholly owned and joint-venture exploration projects, with active involvement in geological surveying, drilling programs, and technical assessments. The company does not currently report commercial production, and its activities are classified as exploration-stage operations.

The company’s primary assets include the Soledad Project in Peru, a large copper-gold-silver exploration property, and earlier-stage assets such as the Pucamayo Project. Condor has entered into strategic option and joint venture agreements with industry partners to advance these properties. Operations are managed internally, with technical oversight supported by contracted geological and engineering service providers.

Strategic Position & Investments

Condor Resources’ strategic direction focuses on advancing high-potential exploration assets while maintaining financial discipline through partnerships. A key growth initiative has been the option agreement with Chakana Copper Corp. on the Soledad Project, under which Chakana can earn an interest by funding exploration expenditures and making staged payments. This structure allows Condor to retain upside exposure while limiting dilution.

The company continues to invest in early-stage exploration targeting porphyry and epithermal systems, particularly in mineral-rich regions of Peru. It does not maintain a broad portfolio of operating subsidiaries, instead holding mineral claims directly or through project-specific agreements. Based on available public disclosures, Condor has not completed major corporate acquisitions in recent years; data on additional material investments beyond disclosed joint ventures is inconclusive based on available public sources.

Geographic Footprint

Condor Resources’ operational footprint is primarily concentrated in Peru, one of the world’s leading mining jurisdictions, where it holds multiple exploration-stage properties in historically productive mineral belts. The company also maintains mineral interests in Canada, primarily for project generation and early-stage exploration purposes.

Corporate headquarters and administrative functions are based in Canada, while on-the-ground exploration activities are conducted through local teams and contractors in South America. The company does not report operational activities in other continents, and its international exposure is limited to exploration and investment interests rather than full-scale mining operations.

Leadership & Governance

Condor Resources is led by an experienced management team with backgrounds in geology, mining finance, and exploration management. Leadership emphasizes disciplined capital allocation, technical rigor, and partnership-driven project advancement. The company is governed by a board with experience in junior mining, project development, and public company oversight.

Key executives include:

• Chris Buncic – President & Chief Executive Officer
• Don Turvey – Chief Financial Officer
• Gerry Carlson – Chairman of the Board
• David Strang – Director

Management’s strategic vision focuses on building shareholder value through exploration success, strategic alliances, and prudent financial management rather than near-term production growth.