Meeting Overview The meeting was a live investment summit hosted by BlueStone Resources, featuring a presentation by CEO Jack Linden. The focus was on updates regarding the Cerro Blanco gold and silver project in southern Guatemala, including the transition from an underground to an open pit mining operation. Key Discussion Points - Introduction of BlueStone Resources and its corporate structure. - Overview of the Cerro Blanco project, including its history and geological insights. - Transition from an underground mining concept to an open pit mining approach. - Increased resource estimates from 1.4 million ounces to 3 million ounces of gold. - Commitment to local community engagement and sustainable development practices. - Preliminary economic assessment indicating a tripling of project value due to the new mining approach. Decisions Made - Transitioning the Cerro Blanco project from an underground to an open pit mining operation. Action Items & Next Steps - [Unassigned] : Continu...
Mr. Jack Lundin has been involved in the natural resource industry his entire life through exposure to several Lundin Group companies. Prior to joining Bluestone Resources, Mr. Lundin was involved in the successful development of Lundin Gold Inc.’s Fruta del Norte Gold Mine in southern Ecuador where he served as the Project Superintendent. He began his career in the sector working prospecting jobs on various early-stage projects in Canada, Russia, Ireland, and Portugal. Mr. Lundin holds a Bachelor of Science degree in Business Administration from Chapman University and a Master of Engineering degree in Mineral Resource Engineering from the University of Arizona. Mr. Lundin currently sits on the board of directors of Lundin Mining Corporation, Lundin Foundation and The University of Arizona’s Lowell Institute for Mineral Resources.
Mr. Klinck is a graduate of the Haskayne School of Business at the University of Calgary and is a highly regarded mining executive with a broad range of international experience.
Mr. Klinck was most recently Executive Vice President & Head of Corporate Development for OceanaGold Corporation, responsible for overseeing capital markets as well as mergers and acquisitions strategy. Over his ten years at OceanaGold, Mr. Klinck’s various responsibilities also included oversight of project teams managing exploration, corporate social responsibility (CSR), and community engagement programs as well as extensive government relations activities.
Replay transcript excerpt
Speaker 1: Hello, everyone, and welcome to BlueStone Resources Live Investment Summit today, hosted by 6. Today, we're joined by Jack Linden, BlueStone Resources CEO, and Stephen Williams, their Vice President of Corporate Development and Investor Relations. Jack's going to walk us through his company presentation today, and after we'll move to a live Q&A session where we'll be accepting and answering some questions. You can submit your questions using the Q&A panel on the right hand side of your screen at any time during this presentation. And as always, the summit is being recorded. It'll be available to watch afterwards on Six.com. So without further ado, Jack I'm going to hand it over to you and you can kick things off. Speaker 2: Thank you very much Cam and thanks for those that are attending this presentation. I'm really excited to be able to bring everybody through the next 20 minutes a presentation on Bluestone resources and really focus on updates on our flagship Cerro Blanco asset which is located in southern Guatemala. Speaker 2: I will be making forward-looking statements during this presentation. Speaker 2: Before diving into the project itself and updates on the project and where we're at, just a snapshot of our corporate structure. As of June 15th, Speaker 2: we are trading at around $1.70 Speaker 2: a share Canadian. We've got about 150 Speaker 2: million outstanding shares, Speaker 2: and we have about 9 or 8000000 Speaker 2: options Speaker 2: existing today. Speaker 2: Cash on hand is around 43 million US Speaker 2: And our market capitalization Speaker 2: is around 250 Speaker 2: million Canadian. Speaker 2: If you look to the bottom left of the screen here, you can see our major shareholders and our shareholding structure. Speaker 2: So the Lundi...
