Exploration & Project GenerationMirasol’s core model centers on exploration and project generation, producing exploration-stage assets rather than running mines. That asset-creation approach is durable: successful target definition can be monetized via JV, option or sale, enabling value realization without heavy capex or mine operating risks.
Option/JV Monetization PathwayThe stated reliance on option/JV deals provides a structural funding pathway: partner-funded exploration and staged earn-ins transfer cost and technical risk to majors. Over months, this model can conserve corporate cash, accelerate project de‑risking, and create milestone payments or carried exploration.
Relative Earnings StabilityWhile still loss-making, management has kept the scale of losses relatively steady across recent annual periods. This limited deterioration helps with planning and reduces the immediacy of financing shocks, allowing more time to pursue JV deals or targeted capital raises without sudden escalation in burn.