Unico Silver (ASX:USL) Strengthens Board with De Grey Veteran as Argentina Projects Advance

3 min read | July 29, 2025 04:57 PM AEST | By Team Kalkine Media

Unico Silver (ASX:USL) Strengthens Board with De Grey Veteran as Argentina Projects Advance — Image source: Shutterstock

Peter Canterbury Brings Mining Development Experience to Board

Canterbury brings an extensive track record in international mining and financial leadership. He previously served as CFO at De Grey Mining Ltd (ASX:DEG), where he played a key role in advancing the company’s Hemi gold discovery, which is now part of Northern Star Resources Ltd (ASX:NST). His contributions at De Grey covered both Prefeasibility and Definitive Feasibility studies for the large-scale Hemi project.

Unico’s Managing Director has emphasised that Canterbury’s development and financing background complements the company’s broader strategic initiatives.

Cerro Leon and Joaquin Set for Further Technical Studies

The Cerro Leon and Joaquin projects are part of Unico’s asset base in the central zone of the Deseado Massif geological province. Both projects form the foundation of the company’s growth agenda, which includes a multi-phase development plan. The company intends to publish a revised resource update and initiate early-stage engineering studies that support the transition from exploration into development.

The upcoming Scoping Study is expected to define the preliminary technical framework for these assets as they progress through regulatory and design milestones.

Regional Experience and Market Conditions Shape Development Outlook

Canterbury noted the significance of the company’s asset location, referring to the provincial scale of the silver system in one of the most productive regions globally. Unico’s positioning in Santa Cruz enables access to experienced mining services and infrastructure critical for efficient project execution.

Current market conditions, including silver pricing trends and exploration momentum, also support the company’s near-term focus on project definition and long-range value generation.

What role has Peter Canterbury taken at Unico Silver?

Peter Canterbury has been appointed as a non-executive Director to support the company’s project development initiatives in Argentina.

Which projects is Unico Silver currently advancing?

Unico Silver is progressing its Cerro Leon and Joaquin silver projects located in the Santa Cruz region of Argentina.

What is the significance of the Deseado Massif province for Unico Silver?

The Deseado Massif is a well-known geological province with strong silver mineralisation, supporting Unico’s resource development plans.

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