Meeting Overview The meeting focused on the updated Preliminary Economic Assessment (PEA) results for Bunker Hill, highlighting improvements in mine economics and operational strategies. The team discussed the transition to a more efficient mining method and the positive implications for the project's future. Key Discussion Points - Overview of the updated PEA results and their significance. - Transition from cut and fill mining to long-haul open stoking for improved efficiency. - A 40% improvement in Net Present Value (NPV) and a short payback period of just over 2.5 years. - The potential for mine life extension and increased material input due to reduced operating costs. - Exploration opportunities for higher-grade silver to enhance the mine plan. - Market cap comparison and investment potential relative to spot prices. Decisions Made - The decision to adopt long-haul open stoking as the primary mining method moving forward. Action Items & Next Steps - [Unassigned] : Continue to ...
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, and welcome to Bunker Hill's live summit today, hosted by 6. Today, I'm joined by Sam Ash, the CEO of Bunker Hill, David Weins, their Chief Financial Officer, and Richard Williams, their Executive Chairman. The team is gonna walk us through their updated PEA results and after, they'll be accepting questions. You can submit your questions using the Q&A panel found on the right-hand side of your screen at any time. As always, this summit is being recorded and will be available to watch afterwards on six.com. Speaker 1: So without further ado, Sam, we're gonna kick things off to you to get things started. Speaker 2: Thank you, Cameron. And thank you everybody Speaker 2: for dialing in today. It's really kind of an exciting day for us. We put out a press release yesterday Speaker 2: on our updated PEA. We've been working pretty hard Speaker 2: at optimizing Speaker 2: the mine plan and moving towards Speaker 2: restart of the mine. And I think what you see here today is really Speaker 2: a positive Speaker 2: move in the direction that we always knew that it was going to move. You know, when we put out the initial PEA, we were really looking to make sure that we had a solid, Speaker 2: conservative case for the economics of the mine that supported a rapid restart, Speaker 2: And we immediately went to work on optimization. Speaker 2: And what we're looking at today is the results of that effort. Speaker 2: And the primary driver Speaker 2: of the improved economics Speaker 2: that you're seeing here on this mine plan Speaker 2: is around a mining method change. Our PEA Speaker 2: had cut and fill mining as the mining method approach, which is a somewhat selective mining method. Speaker 2: And what you see here, after putting in the technical w...
