Oro Verde Limited (“Company”; ASX code “OVL”) is a mineral exploration company listed on the Australian Stock Exchange. It has recently repositioned itself to take advantage of emerging opportunities in Central America with a current focus in Nicaragua, a safe, stable and democratic country with a strongly growing economy.
Nicaragua has a long history of gold mining since the Spanish Conquistadors in the 1600’s, however for political reasons there has been little exploration activity there over the past 40 years. Under a new pro-business government, gold mining and exploration activity has resumed with three mines re-opening. However there has been almost no modern exploration outside of the areas immediately surrounding these mines, and the country is ripe for new gold discoveries.
It has currently has two projects San Isidro and Topacio and is actively reviewing others.