Bunker Hill Issues Prefeasibility Study Results for the First Phase of Mine Restart
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Thu, September 8, 2022 at 2:00 PMendedReplay
Investor webinar replay
Meeting Overview The meeting focused on the presentation of Bunker Hill Mining's pre-feasibility study for the restart of the Bunker Hill Mine. CEO Sam Ash and CFO David Weins discussed the economic viability of the project, key milestones achieved, and future opportunities for resource expansion and optimization. Key Discussion Points - Overview of the pre-feasibility study results, highlighting a 52 million NPV at an 8% discount rate and a 36% IRR. - Discussion of the mine's five-year plan, including increased throughput from 1,500 to 1,800 tons per day. - Current status of site preparations, including the relocation of the Pend Oreille mill and successful water treatment tests. - Opportunities for resource conversion and metallurgical studies to enhance recovery rates. - Timeline for production, aiming for cash flow generation by Q3/Q4 of the following year. - Strategic partnerships with environmental agencies and technical partners. Decisions Made - No explicit decisions recorde...
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 Bunker Hill Mining's live investment summit today, hosted by 6. I'm pleased to introduce the CEO of Bunker Hill, Sam Ash, as well as their CFO, David Weins. Sam and David are going to walk us through a company presentation, and after we'll enter into a live Q&A session. As a reminder, you can ask questions using the Q&A panel found on the right-hand side of your screen at any time during today's presentation. Speaker 1: And as always, this event is being recorded and is going to be available on Six.com in the coming days. Without further ado, Sam, I'd like to hand things over to you. Speaker 2: Thanks a lot, Cam, and thanks for everybody for tuning in today, which is a pretty important milestone for the Bunker Hill Company and the Bunker Hill Mine restart. We're going to run you through today some of the details Speaker 2: of our pre-feasibility Speaker 2: study that just we press released earlier this week Speaker 2: and open it up for some questions. But really to start, we'll start with the top line numbers on what we think is a very compelling economic case Speaker 2: for the Bunker Hill restart at a pre-feasibility Speaker 2: level. Speaker 2: And just to remind everybody, Speaker 2: pre-feasibility, Speaker 2: we're only carrying the measured and indicated material through in Speaker 2: the economics. Speaker 2: And so there's still, Speaker 2: beyond the pre-feasibility, Speaker 2: a tremendous amount of upside potential. Speaker 2: And this pre-feasibility Speaker 2: study really, Speaker 2: what it does is it focuses on Speaker 2: the compelling economics to get the Speaker 2: Bunker Hill mine restarted. Speaker 2: And there we certainly expect to see a lot of upside as we move into production from here. So anyway, Spea...
