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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

Investor webinar replay

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 profile Rick Van Nieuwenhuyse

Rick Van Nieuwenhuyse

President, CEO, & Director at Contango ORE

Rick has more than 40 years of experience in the natural resource sector. Before joining Contango Ore in January 2020, he was President and Chief Executive Officer of Trilogy Metals, who are currently developing the high- grade Upper Kobuk Mineral Projects located in the Ambler Mining District of Alaska. Trilogy is a company which was created in 2012 as a spin-out from NOVAGOLD, a well-known company he founded over 20 years ago. NOVAGOLD is currently finalizing permits for the 40 million ounce Donlin Gold Project in Southwest Alaska with partner Barrick Gold, the world’s largest gold company. Previous to his role as Founder, President, and CEO of NOVAGOLD, he held the position of Vice President of Exploration for Placer Dome Inc. from 1990 to 1997. In addition to his international exploration perspective, Rick brings years of working experience in and knowledge of Alaska to Contango. Rick has managed projects from grassroots discovery through to advanced feasibility, production and closure. He has played a key role in setting up several other corporate entities including: Alexco - where he remains a Director - which is rejuvenating the Keno Hill Silver District in the Yukon; Tintina Resource (now Sandfire Resources America), which discovered and is now completing a feasibility study + permitting the high grade Black Butte copper project in Montana; and SolidusGold, where he is Chairman. Rick holds a Candidature degree in Science from the Université de Louvain, Belgium, and a Master of Science degree in Geology from the University of Arizona. He received the Thayer Lindsley award in 2009 for his role in the Donlin Gold discovery and the Colin Spence Award in 2016 for his role in the Bornite Discovery.

Replay transcript excerpt

Speaker 1: Hello, everyone, and welcome to Contango OARS Live Investment Summit today. I'm pleased to introduce President and CEO Rick Van Nuenheise. 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. 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. Speaker 2: Perfect, Cam. Good morning and good morning, everyone. Thanks Speaker 2: for coming in and thanks for hosting us this morning. Speaker 2: Exciting day for us to have Speaker 2: the feasibility study out Speaker 2: with Kinross's announcement Speaker 2: day before yesterday and their due to quarterly call today Speaker 2: talking about our Manchur project. Of course, they're a 70% Speaker 2: owner in the project and the operator and manager of the project. I Speaker 2: would Speaker 2: like to thank and acknowledge them for getting the Speaker 2: feasibility Speaker 2: study Speaker 2: completed 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. Speaker 2: We'll 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 this project special is we're not building a mill in a tailings facility. We're not capitalizing those things. We're not permitting those things. Speaker 2: It's a very simple execution plan. So Speaker 2: we'll be work...

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