Herencia Resources has three main projects in North Chile. They are the Paguanta zinc-lead-silver project, the La Rosa copper project and the La Serena copper project. Herencia owns 70% of Paguanta and its joint venture partner is Compania Minera Costa Rica. Herencia floated as a shell on 22 February 2005. It raised £500,000 at 1p a share. Mineral Securities reversed its Chilean assets, including Paguanta, into Herencia in November 2005.