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Maritime Resources: Hammerdown Gold Projects Clear Path to Cash Flow

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Wed, May 27, 2020 at 1:00 PMendedReplay
Maritime Resources: Hammerdown Gold Projects Clear Path to Cash Flow

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Meeting Overview The meeting served as an online presentation to provide updates on the company's progress, particularly focusing on the Hammerdown Gold Mine and upcoming exploration programs. Key topics included corporate strategy, project developments, and financial status. Key Discussion Points - Overview of the Hammerdown Gold Mine and its historical context. - Presentation of a new development plan and Preliminary Economic Assessment (PEA) results. - Discussion of an agreement with Rambler Metals and Mining regarding the Nugget Pond Gold Circuit. - Insights into project permitting and the supportive mining environment in Newfoundland and Labrador. - Exploration potential and new discoveries at the Whisker Valley project. - Financial status, including recent financing and working capital. Decisions Made - No explicit decisions recorded. Action Items & Next Steps - [Unassigned] : Evaluate the agreement with Rambler Metals and Mining over the next 12 months. - [Unassigned] : Conti...

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[Speaker identities could not be resolved; generic labels used] [00:10] Speaker 1: Now, without further ado, take it away, Garrett. [00:13] Speaker 2: Okay. Thank you, Bianca. [00:15] Speaker 2: Welcome, everybody, to our 1st ever online presentation. [00:20] Speaker 2: So [00:21] Speaker 2: I'm happy everybody could sign in. Jeremy and I will get you through a good update of our progress [00:27] Speaker 2: with Maritime. [00:28] Speaker 2: It's been a busy year over the last 12 months. We've got some exciting things happening in the company and we're happy today to present to you. [00:36] Speaker 2: I'll get started and I'll talk through [00:39] Speaker 2: a bit of the corporate update here and a corporate strategy that we have. [00:44] Speaker 2: A few things we have underway right now and our plans for the next 12 months. I'll turn it over to Jeremy who will talk about our exploration [00:51] Speaker 2: program which is due to kick off here very soon [00:55] Speaker 2: and then we'll take some Q&A. [00:57] Speaker 2: So here we can see [00:59] Speaker 2: in this 1st slide this tells a lot actually just in 1 image. This is a view of the Hammerdown mine site, [01:05] Speaker 2: looking north towards the town of Keynes Point in the background, about 5 kilometers away. And you can see [01:11] Speaker 2: the footprint here of the old mine. So this was an operation [01:17] Speaker 2: that was, [01:18] Speaker 2: you know, operated in 2000 to 2004. [01:21] Speaker 2: You can see the road access, a few of the old settling ponds, [01:25] Speaker 2: and the underground portal is just on the north side of that ring road. So This was a mine site that's been completely rehabilitated. [01:33] Speaker 2: So this is the footprint that we're working with. It's a great place to wor...