Bunker Hill Achieves Underground Development Milestone
Join us for a great event!
Thu, December 15, 2022 at 2:00 PMendedReplay
Investor webinar replay
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...
A former Executive General Manager of Barrick Gold’s Lumwana Copper Mine in Zambia, Mr Ash is an experienced American Mining Engineer and modernizing leader, with a proven track record of building and leading teams capable of optimizing and enhancing the operating efficiency, profitability and sustainability of mining operations in complex and challenging environments.
During his tenure at Lumwana Mr. Ash Delivered over $100M in sustainable free cash flow improvements, achieved 50% improvement in safety performance, executed a training and development program achieving 96% local workforce, and progressed expansion plans that doubled the value of mine.
BEng Mining Engineering from University of Missouri Rolla; MA in Strategic Leadership, London Business School.
Replay transcript excerpt
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. 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. Speaker 2: Thanks a lot, Cam. And we've been doing these kind of monthly updates and project 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 Speaker 2: of our 1800 foot decline between the 5 and 6 levels. And you can see on the slide here Speaker 2: why that's so important to us because with that breakthrough we now have rubber-tired mining access Speaker 2: to the 1st 3 years of mineralization Speaker 2: in our pre-feasibility Speaker 2: study. Speaker 2: So really Speaker 2: you know this marks a key Speaker 2: milestone Speaker 2: which demonstrates that really from a mining perspective Speaker 2: and a preparation for delivering Speaker 2: or at a sustainable rate to the processing facility, Speaker 2: you know, we are well on track and ahead of schedule to be able to support Speaker 2: that successful restart at Bunker Hill. So, can't say how important Speaker 2: this milestone is for us. The teams here at Bunker Hill have been working for a long time, Speaker 2: most of this year, on achieving this mil...
