Meeting Overview The meeting provided a corporate update on Maritime Resources, focusing on the Hammerdown Gold Project and other exploration initiatives. Key discussions included the project's current status, future plans, financial health, and exploration activities. Key Discussion Points - Overview of the Hammerdown Gold Project, including historical context and current plans for reopening. - Details on the economic viability of the Hammerdown project, including production rates and financial forecasts. - Agreement with Rambler Metals and Mining regarding the use of the Nugget Pond Gold plant. - Submission of project registration to initiate permitting processes. - Exploration updates, including drilling activities at Hammerdown and Whisker Valley. - Financial status, including recent financing and market capitalization. - Introduction of new team members and their roles within the company. Decisions Made - No explicit decisions recorded. Action Items & Next Steps - [Unassigned] ...
Chief Executive Officer and Director at Maritime Resources
Garett is a professional mining engineer with extensive experience in project development and mine operations with over 23 years of industry experience. In addition to his role as CEO and Director of Maritime Resources, Garett is currently a director of First Cobalt, Aurelius Minerals and Gungnir Resources.
Garett formerly served as Vice President of Project Development for JDS Energy and Mining, and Dalradian Resources. At the latter, he was responsible for leading the Feasibility Study for the Curraghinalt Gold Project, a high grade, narrow vein gold project in Northern Ireland acquired by Orion Mine Finance for $537M.
From 2009 to 2013 he served as Vice President of Operations for Rainy River Resources prior to the $310M sale of Rainy River to New Gold Inc. Earlier in his career, he also held roles in mine operations and project engineering earlier in his career with senior Canadian mining firms Suncor Energy, and Placer Dome Inc. Garett holds a Master of Business Administration degree from Western Universitys Ivey Business School and a Bachelor of Engineering (Mining) from Laurentian University in Sudbury.
Technical Advisor - Exploration at Maritime Resources
Jeremy is a geologist with 20 years of experience in the resource industry both at corporate and operational levels. He is currently the Vice President, Exploration at Aurelius Minerals.
Jeremy was previously the Vice President, Exploration for GoldQuest Corporation. During his tenure there, Jeremy led the advancement of the Romero gold project from an initial inferred resource through to a Pre-Feasibility Study. Before his time at GoldQuest, he was Vice President, Geology for Noront Resources and Manager of Technical Services for Kinross Gold Corporation. Jeremy started his career with Inco Technical Services Ltd. in 1996, working on the Victor Deep project in the Sudbury basin.
Jeremy is a member of the Association of Professional Geoscientists of Ontario and holds a BSc Honours degree in Earth Sciences from Laurentian University.
Replay transcript excerpt
Speaker 1: Good afternoon. Thank you for joining us today for our live webinar on a corporate update for maritime resources. Speaker 1: With us today we have Garrett McDonald, President and CEO for the company, Speaker 1: Jeremy Nimi, technical advisor, Speaker 1: and myself, Tanya Bredko, head of investor relations. Speaker 1: We will have a Q&A session at the end, so please do feel free to submit your questions throughout the presentation. Speaker 1: And now I'll turn it over to Garrett. Speaker 2: Okay, thanks, Tanya. Speaker 2: Welcome, everyone, and thanks for joining us today for an update on Maritime Resources. We hope you've had a good summer and we know things are a little different, but we hope you're all Speaker 2: healthy and safe. Speaker 2: So let's go through a few slides here. This is our corporate presentation. We wanted to provide this. Speaker 2: This is a good update on our activities right now, what we plan to do in the next few months. Speaker 2: We've got a lot of exciting things happening in Maritime, so I think you'll be pretty interested with this. Speaker 2: Okay, so here we go. Speaker 2: So the opening slide here shows the Hammerdown Gold Project, and I always spend a bit of time on this slide because it shows a lot. You know, this is a historic mine site. It was a high-grade gold mine operated in the early 2000s with an average rate of 15 grams. Now it was operated by Richmond Mines as an underground mine for around 4 years. And 1 of the key things to note is that it ran with a cutoff grade Speaker 2: between 8 to 9 grams per ton, which is very high. So it operated in a different environment, a different period of time than we are in now. Gold prices Speaker 2: at that time ranged from $250 to Speaker 2: $400 per ounce. Speaker 2: So tot...
