08:35 AM EDT, 07/29/2024 (MT Newswires) -- Regulus Resources ( RGLSF ) said Monday that it agreed to collaborate with Compania Minera Coimolache to evaluate the viability of integrating the Coimolache sulfides project with the AntaKori copper-gold project in Peru.

Under the terms, the companies will complete a mineral resource estimate before proceeding with a preliminary economic assessment (PEA).

Regulus and Compania Minera will equally split the costs of the evaluation program.

"The execution of this agreement is a big step towards evaluating the true potential of the integrated Coimolache sulfides/AntaKori copper-gold project," Regulus CEO John Black said. "This agreement allows, for the first time, the unconstrained evaluation of the potential of the Integrated Sulfide project, while also providing a pathway to completing a PEA."