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Contango ORE Inc: 2021 Accomplishments and Plans for 2022

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Tue, January 25, 2022 at 2:00 PMendedReplay
Contango ORE Inc: 2021 Accomplishments and Plans for 2022

Investor webinar replay

Meeting Overview The meeting focused on a corporate update from President and CEO Rick Van Neuwenhuysen regarding Contango Auras' key projects, financial status, and future plans for 2022. The discussion highlighted the progress on the Bancho and Lucky Shot projects, as well as the company's community engagement efforts and economic impact. Key Discussion Points - Overview of the company's main projects: Bancho (joint venture with Kinross) and Lucky Shot (100% owned). - Update on early-stage projects: Shamrock, Eagle Hona, and Triple Z. - Financial status: 6.75 million shares outstanding, $17 million in cash, and recent uplisting to NYC American. - Details on the Bancho project, including resource estimates and partnership benefits with Kinross. - Budget allocation for 2022: $48 million, with $28 million for construction. - Community engagement and socioeconomic benefits of the projects, including job creation and local spending. - Anticipated timeline for project milestones, includ...

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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: All right. Well, hello and welcome everyone to Contango Auras live summit today hosted by 6. I'm pleased to introduce President and CEO Rick Van Neuwenhuysen. Speaker 1: He's going to walk us through a company presentation after we will be accepting questions live. So as a reminder, you can submit your questions on the Q&A Speaker 1: panel on the right-hand side of the screen at any time during the presentation. Speaker 1: And as always, the summit is being recorded and will be available to watch afterwards on six.com. But without any further ado, I'm gonna hand it over to you, Rick, to kick us off. Speaker 2: Well, thank you, Dasha, and good morning, everybody, or good afternoon, depending on where you are. Speaker 2: Thank you for joining us today, and we'll give a corporate update Speaker 2: and then really focus on our plans Speaker 2: for 2022. Speaker 2: So Speaker 2: obviously I'm making forward looking statements Speaker 2: so draw your attention to our slide Speaker 2: and some cautionary notes on resources and reserves and on gap measurements. Speaker 2: So just quickly, Speaker 2: we are focused on Speaker 2: our 2 main projects, Bancho, which is development stage project, joint venture with Ken Ross, Speaker 2: and Speaker 2: our Alaska Native partner at the Tetlin tribe, Speaker 2: and our lucky shot, our 100% own lucky shot mine where we're Speaker 2: undergoing Speaker 2: an exploration program this year. Speaker 2: We have 3 early stage projects. I won't spend a lot of time on those. They are early stage and we're doing work to advance those, Speaker 2: Shamrock, Eagle Hona and Triple Z. Speaker 2: But Speaker 2: I think right now they're not really the big value drivers, our other 2 projects are the big value drivers for shareholders. Spea...

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