11:27 AM EST, 01/02/2025 (MT Newswires) -- Libero Copper & Gold ( LBCMF ) was at last look up near 5% after saying it will "finally get to see the payoff" in 2025 from its Mocoa copper-molybdenum porphyry deposit in Putumayo, Colombia, after "laying firm foundations" for the project in 2024.

President & CEO Ian Harris in a letter to shareholders highlighting the company's 2024 achievements and outlining its vision for 2025 said: "We have already drilled Hole MD-44 and Hole MD-45 is in progress. These are just the start of a 14,000-meter (and potentially larger) campaign aimed at demonstrating how truly vast Mocoa can become. We are talking about adding to an already substantial resource-with an internal goal of surpassing the billion-tonne threshold to place Mocoa in a class with the top global copper deposits. With support from Frank Giustra and the Fiore Group, and with our in-house expertise, we expect 2025 to be a year that puts Libero Copper on the radar of any investor interested in a strong copper story."

Harris added: "With every meter drilled and every community milestone reached, we move closer to unlocking the full potential of this remarkable deposit. I'm confident that 2025 will be a year of transformative news flow and value creation. Together, we have the vision, the asset, and the backing to make Libero Copper one of the standout copper stories of this decade."

Libero also entered into a deal with Machai Capital dated Jan. 1, 2025, pursuant to which Machai will provide a digital marketing campaign.

Shares of the company were last seen up $0.015 at $0.33 on the TSX Venture Exchange.

Price: 0.33, Change: +0.02, Percent Change: +4.76