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Bunker Hill Achieves Underground Development Milestone

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Thu, December 15, 2022 at 2:00 PMendedReplay
Bunker Hill Achieves Underground Development Milestone

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Meeting Overview The meeting featured updates from Bunker Hill's CEO, Sam Ash, and CFO, David Weins, regarding significant milestones in the company's operations, including the breakthrough of a critical mining decline and the progress on the processing plant. The discussion also included financial updates and hiring timelines for mine workers. Key Discussion Points - Announcement of the breakthrough of the 1800-foot decline, providing access to three years of mineralization. - Completion of the demolition of the processing plant and initiation of civil work planned for early next year. - Progress on the design and engineering of the new processing plant. - Update on a $5 million loan facility with Sprott Royalty to settle outstanding balances with the EPA. - Discussion on hiring timelines and ramping up personnel for construction and mining operations. Decisions Made - No explicit decisions recorded. Action Items & Next Steps - [Unassigned] : Secure a build slot for the pre-enginee...

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[Speaker identities could not be resolved; generic labels used] [00:08] Speaker 1: Hello everyone, welcome to today's live summit with Bunker Hill. I'm pleased to introduce their CEO, Sam Ash, as well as their CFO, David Weins. The team's going to be reviewing some of the latest news from Bunker Hill and afterwards take some of your questions live if you have any, in which case you can submit using the Q&A chat on the right-hand side of your screen at any time today. [00:26] Speaker 1: And as always, this event is being recorded, of course, so if you want to take a look at this later, you can go on six.com and find it. Without further ado, Sam, David, I wanna hand things over to you to get us started. [00:37] Speaker 2: Thanks a lot, Cam. And we've been doing these kind of monthly updates and project [00:43] Speaker 2: updates here at Bunker Hill, But we thought it would be a good idea just before Christmas to share really quite a significant milestone with everybody. And that's the breakthrough [00:54] Speaker 2: of our 1800 foot decline between the 5 and 6 levels. And you can see on the slide here [01:01] Speaker 2: why that's so important to us because with that breakthrough we now have rubber-tired mining access [01:07] Speaker 2: to the 1st 3 years of mineralization [01:11] Speaker 2: in our pre-feasibility [01:13] Speaker 2: study. [01:14] Speaker 2: So really [01:15] Speaker 2: you know this marks a key [01:18] Speaker 2: milestone [01:18] Speaker 2: which demonstrates that really from a mining perspective [01:22] Speaker 2: and a preparation for delivering [01:24] Speaker 2: or at a sustainable rate to the processing facility, [01:28] Speaker 2: you know, we are well on track and ahead of schedule to be able to support [01:35] Speaker 2: that successful resta...