In 2024, Thackeray Mines & Minerals Inc. launched the Piacoa Project, its first wholly owned international mining site, located 40 miles northwest of the El Callao project in Piacoa, Bolívar State, Venezuela. This gold mining operation was the culmination of a two-year-long exploration initiative, marking a significant milestone in Thackeray’s international expansion and demonstrating its growing expertise in the Venezuelan mining sector.

The Piacoa Project was strategically developed to capitalize on the proven gold reserves in the region, identified through extensive exploration and feasibility studies conducted between 2022 and 2024. Its proximity to the El Callao project offered logistical and operational synergies, enabling Thackeray to leverage its existing infrastructure and regional expertise.

The project is equipped with state-of-the-art mining and processing facilities, designed to optimize gold recovery while adhering to Thackeray’s commitment to sustainable and responsible mining practices. The inclusion of advanced energy-efficient systems and eco-friendly waste management solutions reflects the company’s focus on minimizing the environmental impact of its operations.

As a wholly owned operation, the Piacoa Project positions Thackeray as a significant contributor to the local economy in Bolívar State. The project has created numerous employment opportunities and fostered partnerships with local businesses and suppliers. Thackeray has also prioritized collaboration with regional stakeholders and Indigenous communities, ensuring that the project aligns with local development goals. Key initiatives include workforce training programs, investments in community infrastructure, and environmental conservation projects aimed at preserving the area’s natural resources. These efforts highlight Thackeray’s ongoing commitment to fostering sustainable growth and strong community relationships.