Interview with Oliver Turner

Investor webinar replay

Meeting Overview The meeting focused on the financial performance and operational updates of the Beta Hunt and Higginsville mining operations. Key topics included budget allocations, exploration successes, and future production plans. Key Discussion Points - Significant budget increase to $20M, split evenly between exploration and resource development. - Historical context of Beta Hunt as a Nickel mine and its concurrent production of Gold. - Positive results from recent drilling programs, particularly under Lake Cowan. - Upcoming growth plan announcement detailing future production strategies. - Phase 1 mill expansion at Higginsville to increase capacity by 15%. - Plans for mining high-grade Spargos open pit and updates on underground operations. Decisions Made - No explicit decisions recorded. Action Items & Next Steps - [Unassigned] : Await assay results from recent drilling programs to identify significant targets. - [Unassigned] : Prepare and announce the growth plan for produc...

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Replay transcript excerpt

[Speaker identities could not be resolved; generic labels used] [00:07] Speaker 1: Yeah, for sure. So it is a large increase even over last year and obviously over several years prior, [00:13] Speaker 1: previous owners of the property were spending around $300, 000 [00:17] Speaker 1: per annum on the property, largely due to the royalty burdens that was across both assets. So we see a dramatic increase this last year and this year. And with respect to the split, it's about 50-50 [00:29] Speaker 1: between [00:30] Speaker 1: pure exploration and resource development. We obviously had some great success last year with increasing our resources. We expect to have more this year. That's about $10M [00:38] Speaker 1: of that $20M [00:40] Speaker 1: budget. And then with respect to split between the assets, it's about 30% Beta Hunt, 70% Higginsville. [00:51] Speaker 1: Yeah, absolutely. So just as a reminder, the BetaHunt operation was a Nickel mine for many, many years prior to being a Gold mine. So we're seeing continued success on the Nickel side of the equation here. Those results we put out last week were definitely exciting for ourselves and for investors. [01:07] Speaker 1: And we do expect to be mining Nickel concurrently with Gold. They are in the same part of the operation [01:13] Speaker 1: and we expect to be achieving some pretty significant by-product credits from Nickel at Beta Hunt. They will always be a by-product. Our focus does remain on the Gold, but obviously those grades of Nickels will provide some significant cash flow, offsetting our costs of Gold production. [01:33] Speaker 1: Yeah, absolutely. So everyone knows that Beta Hunt was a Nickel operation long before it was a Gold operation. [01:40] Speaker 1: And mining originally started there by West...