Today’s episode features Norsemont Mining (CSE: NOM | OTC: NRRSF | FRA: LXZ1) CEO & Chairman Marc Levy.
Norsemont Mining Inc. (CSE: NOM | OTC: NRRSF | FRA: LXZ1) owns the Choquelimpie Project - a past-producing gold-silver mine in northern Chile with a current NI 43-101 mineral resource estimate of 2,184,000 indicated gold equivalent ounces and 557,000 inferred gold equivalent ounces. Supported by established infrastructure and high-grade intercepts from surface, Choquelimpie presents a rare exploration and development opportunity in a proven jurisdiction.
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NB - Recorded on Monday 12th October 2026 AM
Disclaimer: Paid advertisement on behalf of Norsemont Mining (OTC: NRRSF | CSE: NOM). The Contrarian Capitalist was compensated by Norsemont Mining for producing this interview. Robert Smallbone (The Contrarian Capitalist) holds no securities of Norsemont Mining at the time of this post. Nothing contained in this video/podcast constitutes investment advice. Please do your own due diligence.
10 Key Takeaways:
* Chile’s recent shift to a right-leaning government is strongly positive for mining: the new president prioritises jobs, has announced tax cuts (27% → 23%), and is expected to speed up permitting and offer greater support.
* Norsemont’s Choquelimpie project sits in Northern Chile with an existing 3,000 tpd plant that can be expanded to 4,500–5,000 tpd, plus duty-free/tax-free zone benefits that allow cheaper equipment imports and a 30% tax credit on infrastructure capex.
* Strong local community and government support exists, including the Aymara indigenous community and regional authorities, with locals even protesting in favour of mining permits; the company already supplies water to a neighbouring mine and local farmers.
* The project benefits from on-site water (four wells) at ~4,500 m elevation, avoiding the costly desalination pipelines that many other Chilean miners require.
* Drilling is largely restricted to April–November because of intense Altiplano lightning storms (December–March); the camp and other work can continue year-round.
* Recent Phase 3 drilling delivered strong results, including ~3.59 g/t Au over 41 m (with the final 18 m near 10 g/t) and consistently higher grades at depth; mineralisation now extends well below the previous ~70 m resource limit.
* Higher-grade gold at depth, plus over-limit lead/zinc/silver values, support the thesis of a deeper copper porphyry system; the company has expanded its land package by ~30% both to protect mineralisation and to allow future plant expansion.
* Key near-term milestones: final environmental study by end-December 2026, PEA and updated resource (expected to grow significantly) in Q1 2027, metallurgical results this quarter, and a path to first production at ~30–40 koz AuEq/year with total capex estimated at ~$50–51 million.
* All-in sustaining costs are currently modelled around US$1,000–1,012/oz; at today’s ~US$4,000 gold price this generates substantial free cash flow that could self-fund a larger sulphide plant (targeting ~210 koz/year) with minimal further dilution.
* The share register is tightly held; Roughly a dozen investors (including the CEO’s family, a large German family office, Larry Lepard, Crestcat, and others) control ~60% of the company and are focused on long-term production and multi-bagger returns.
Norsemont Mining Inc.Latest News
Norsemont Hits 41 Meters of 4.59 g/t Gold as Phase 3 Drilling Continues to Expand the Choquelimpie System - 17th Sep 2026
Beaver Creek Presentation- 22nd Sep 2026
Norsemont Provides Choquelimpie Drilling Update- 1st Sep 2026
Corporate Presentation - 17th Sep 2026
Social Media, Previous Recording and IR Contact
Twitter: @norsemont
LinkedIn: @norsemontmining
Facebook: @norsemontmining
YouTube: @norsemontmining
For more information, please contact the Company at: psearle@norsemont.comInvestor Relations: Paul Searle (778) 240-7724
DISCLAIMER: Paid advertisement on behalf of Norsemont Mining (OTC: NRRSF | CSE: NOM). This post/podcast/video is disseminated on behalf of Norsemont Mining. The Contrarian Capitalist has received compensation from Norsemont Mining.
Robert Smallbone (The Contrarian Capitalist) holds no securities of Norsemont Mining at the time of this post/podcast/video.
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