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Generation Mining Delivers Updated Feasibility Study for Canadas Next Critical Mineral Mine

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Mon, April 3, 2023 at 10:00 AMendedReplay
Generation Mining Delivers Updated Feasibility Study for Canadas Next Critical Mineral Mine

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Meeting Overview The meeting focused on the recent developments regarding Generation Mining's feasibility study for a new mine, highlighting improvements in accuracy, engineering, and community engagement. Key metrics from the study were discussed, including financial projections and operational enhancements. Key Discussion Points - Completion of the detailed feasibility study for the new mine. - Differences between the current feasibility study and previous versions, emphasizing reliance on actual equipment quotations. - Significant engineering advancements, including over 40% completion of detailed engineering and improved metallurgical testing. - Financial metrics: NPV of $1.2 billion, internal rate of return of over 25%, and a 2.3-year payback period. - Community benefits agreement with the Big Dagonish Nabig 1st Nation and initiation of permitting processes. - Infrastructure advantages, including access to power and transportation. Decisions Made - No explicit decisions recorde...

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[Speaker identities could not be resolved; generic labels used] [00:08] Speaker 1: Hello, everyone, and welcome to Generation Mining's live summit today, hosted by 6. I'm pleased to introduce our speakers, President and CEO of Generation Mining, Jamie Levy, their CEO, Drew Anwill, and their chairman, Cary Noel. The team is going to be conducting a live Q&A session today with you after going through a presentation, so feel free to ask questions in the Q&A chat found on the right hand side of your screen at any time today. And if you'd like to get in touch with the team, feel free to fill out the survey that's linked at the top of the chat. As always, the summit is being recorded and it's going to be available on six.com in the coming days so look out for that. Without further ado, Kerry, I'm gonna pass things over to you so that you can get us started. [00:44] Speaker 2: Thanks a lot, Cam, and welcome everybody. [00:49] Speaker 2: I see we've got a big turnout today so that's great. [00:52] Speaker 2: I just [00:53] Speaker 2: want to start off by saying that we're [00:56] Speaker 2: finally here. We've got the detailed [00:58] Speaker 2: feasibility study complete [01:01] Speaker 2: and we're getting ready to build this mine. [01:04] Speaker 2: And a lot of people want to understand, you know, what is different between this feasibility study and the past 1? And I think [01:11] Speaker 2: that 1 of the main differences is is that this feasibility study was based a lot on actual quotations [01:18] Speaker 2: of equipment [01:19] Speaker 2: rather than estimates. [01:21] Speaker 2: And I think [01:22] Speaker 2: both equipment [01:23] Speaker 2: and [01:25] Speaker 2: work to be done. So I think that this 1 is a lot more accurate. Of course, it takes into account the in...