Norsemont Mining - High-Grade Gold & Path to Production in Chile

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.