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Contango Ore Announces Feasibility Study Results and Construction Decision on Manh Choh

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Thu, July 28, 2022 at 12:00 PMendedReplay
Contango Ore Announces Feasibility Study Results and Construction Decision on Manh Choh

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Meeting Overview The meeting focused on the recent developments regarding Contango's Manchur project, including the completion of a feasibility study and updates on production, costs, and future plans. CEO Rick Van Nuenheise provided insights into the project's financials, operational strategies, and upcoming exploration activities. Key Discussion Points - Introduction of the meeting and overview of the agenda by Speaker 1. - Presentation by Rick Van Nuenheise on the feasibility study results for the Manchur project. - Acknowledgment of Kinross as the operator and majority owner of the project. - Details on the project's high-quality gold deposit, including reserve estimates and cash costs. - Discussion of the project's operational plan, including ore transportation to the Fort Knox mill. - Overview of the capital costs and changes in scope regarding truck and trailer purchases. - Insights into the anticipated cash flow and financing strategies for the project. - Mention of ongoing ...

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[Speaker identities could not be resolved; generic labels used] [00:07] Speaker 1: Hello, everyone, and welcome to Contango OARS Live Investment Summit today. I'm pleased to introduce President and CEO Rick Van Nuenheise. [00:14] Speaker 1: Rick is going to be reviewing some of the latest news and updates that are coming out of Contango and after we enter into a live Q&A session. So I'd like to remind everyone in the audience that you can ask those questions that you have in the Q&A chat found on the right hand side of your screen at any time during Rick's presentation. [00:29] Speaker 1: And in a couple of days, we'll have this video up as a non-demand recording on Six.com of course. Without further ado, Rick, I'd like to hand things over to you to get us started. [00:37] Speaker 2: Perfect, Cam. Good morning and good morning, everyone. Thanks [00:42] Speaker 2: for coming in and thanks for hosting us this morning. [00:45] Speaker 2: Exciting day for us to have [00:47] Speaker 2: the feasibility study out [00:50] Speaker 2: with Kinross's announcement [00:52] Speaker 2: day before yesterday and their due to quarterly call today [00:56] Speaker 2: talking about our Manchur project. Of course, they're a 70% [01:02] Speaker 2: owner in the project and the operator and manager of the project. I [01:05] Speaker 2: would [01:06] Speaker 2: like to thank and acknowledge them for getting the [01:10] Speaker 2: feasibility [01:12] Speaker 2: study [01:13] Speaker 2: completed [01:14] Speaker 2: ahead of time. That is always a good thing in this market. The results are good as expected. This is a high quality deposit. [01:19] Speaker 2: We'll [01:20] Speaker 2: be trucking 8 grams of material, 8 gram per ton material to the Fort Knox mill. And of course, that's what makes thi...