Replay available

November Restart Project Update

Join us for an interactive virtual event and get a first-hand look at the exciting progress Bunker Hill has made so far in November as they continue their construction activities and remain on schedule and budget for a mine restart in Q4 2024.

Tue, November 28, 2023 at 12:00 PMendedReplay
November Restart Project Update
Company
Bunker Hill Mining Corp (TSX:BNKR)
Date
Tue, Nov 28, 2023, 12:00 PM ET
Replay
Watch the replay on this page · 10 min

On 6ix: 6ix.com/event/november-restart-project-update

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Transcript

Automated transcript · Written by software from the replay's audio. It can mishear names and figures; the replay is the record.

0:08 Hello everyone and welcome to Bunker Hill Mine-In's live event hosted by 6. I'm pleased to introduce our speaker today, Sam Ash, CEO, and he's calling in from the underground mine yard in Wardner. After he shows us around, we'll be accepting questions. So as a reminder, you can submit your questions in the chat at any point during the conversation in the bottom right corner of your screen.

0:30 The summit is being recorded and will be available to watch afterwards. So without further ado, I'd like to hand things over to you, Sam, to show us around. Morning, everyone. Thanks. It's a nice, cool, crisp morning here at the Wardner Yard and really excited to give you an update on progress for November. So I'll turn the camera around and walk around the yard. There's been some exciting developments up here over the past month and we really are well prepared as we move into winter. You can see the the small building up here and the the team at work that's what houses our underground compressor and We're just making the final connections now to with some of our underground equipment.

1:38 One of the things we provided in the our update press release is the purchase of another piece of mining equipment. This is Atlas Copco ST710 underground mucker. It is used, but as you can see it's in really excellent condition and what's nice about it is that the power unit, the diesel engine, is in common with all the rest of our underground mining fleet. So we're really pretty excited about this. In addition, you can see over here, this CAT LHD is now remote capable. We installed a remote operating capability into that mucker that will make it operational ready for remote mucking operations in the underground.

2:31 And this is the newest addition to our infrastructure. This is a sprung structure that we installed over the last month, which triples the amount of covered maintenance shop facility that we have available to us for the underground mining fleet. It's really great to have this in place just before winter hits. It's going to provide the underground maintenance teams with a with a very nice facility out of the weather. And you can see on the inside here, you know, we're just finishing up the final prep and over the next couple of weeks, we'll be moving into that facility.

3:18 And that'll give the maintenance guys, you know, a great place to work as we move into through the winter months. It is a bit chilly out here this morning. I'm going to turn the camera around and just talk to you about some of the other things that are going on. The bid packages for the for the paste plant and tails filtration have gone out. So that's moving along nicely. And at the shop down at the Kellogg yard, there is, there's been a lot of continued progress on equipment refurbishment.

4:02 Essentially at this point, the bulk of the flotation cells and flotation equipment have all been rehabilitated, Maintenance has been performed, fresh coat of paint, and are ready for install. And a pretty brief update this morning, but more than happy to now answer any questions. I'm going to go off camera just a minute, get inside out of the cold, and into a quieter place where I can answer questions. Sounds good, Ben. I'll give it a few minutes in the chat. No questions so far, but I appreciate you showing us the site here.

4:49 Yeah, just a reminder, you can submit questions in the bottom right corner of your screen.

5:07 Oh, there I'm back. Sorry, I lost reception for just a minute, but winter is definitely back in Kellogg. We're excited to move into the winter months, well prepared to stay productive over the next few months as we move towards restart at the end of next year. Great, excellent. And Sam, we don't have any questions from the audience. We do have people in attendance, but I guess they don't have any questions for us today. That's no problem. If anybody has any questions, I would like to say that, you know, partnering with 6 Media, If anybody would like an individual conversation with myself, you know, please just make the request. 6 media can provide a link where there is, you know, where there is a scheduled times where I am making myself available to have one-on-one conversations with anybody who would like to do that going forward.

6:10 Typically it's on a Tuesday and Thursday mornings. And I would welcome anybody who has some specific questions or wants to have a bit more of an in-depth conversation to take advantage of that. And looking forward to having another update, from the mine in December as we move forward. Really looking forward to making this a

6:37 monthly activity and sharing with everybody the progress as we make it available. I'm thinking that potentially next month, we may try to pre-record a little bit of underground footage, potentially. And maybe next month we focus a little bit on some of the geology, the geologic upside, and maybe include a little pre-recorded video from the underground. Great and Sam we are actually getting some activity now in the chat so thank you for continuing the conversation here. Daniel was wondering if there's any plan to uptick Beehill or BHLL?

7:22 Daniel, I think what you're saying is, are we planning to upgrade the US listing? And certainly that's on our plans. There's a few requirements that go along with that. You know the size of the market cap, you know the share price but as soon as we're able we're absolutely looking to upgrade the RUS listing. We were able to upgrade our Canadian listing and we're now on the TSX-V and we look forward to the day that we can uplist on the American side as well. Thank you. And Phillip's wondering when will electricity be installed in the new maintenance building?

8:11 The electricity is only about 20, 30 feet away. That small conics that I was showing you, that's the electrical distribution system that is housed within that. We have the conduit laid over the next few weeks. We'll have electricity into that building. Right. So, okay, that's all we have for questions here. Just a further comment from Mark. He's attending but with, or internet connection, but he's listening with interest as well as everyone else in attendance today. So I do want to thank you, Sam, for your time to go through this project site tour here, although brief. We appreciate it and always appreciate you giving the opportunity for investors to ask questions. So thank you. If you have any closing remarks, feel free to close us off here.

9:10 No, thank you all for dialing in today. And I would encourage you, if you're interested in having a more in-depth one-on-one conversation, just reach out to 6. They can provide the link and we'll get a session scheduled. Always look forward to talking to our followers and our shareholders. So thank you all very much. Hope everyone had a fantastic Thanksgiving and has a great holiday season. Thank you.

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Speakers

Richard Williams

Executive Chairman at Bunker Hill Mining

A former COO of Barrick Gold Corporation from 2015-2018, Mr. Williams is a global executive with an established track-record of value creation, pioneering and transformational leadership within the Mining Industry and other demanding assignments. Amongst other notable achievements, this helped Barrick deliver an 80% improvement in the company’s operating profit over his three years, and the total overhaul of the Company’s relationship with the Tanzanian Government following a breakdown of relations between a Barrick subsidiary and that government. Formerly, the CEO of an African and Central Asian focused exploration business, and Non-Executive Director of Gem Diamonds PLC, he was also the Commanding Officer of the British Special Forces Regiment – the SAS. He is currently a Non-Executive Director of Trevali Mining Corporation, Chair of Trevali’s HSEC Committee and an advisor to mining companies facing complex operational, political or ESG challenges. BSc Economics, University College London; MA Security Studies, Kings College London; MBA Cranfield University.

Speaker profile Sam Ash

Sam Ash

CEO at Bunker Hill Mining

A former Executive General Manager of Barrick Gold’s Lumwana Copper Mine in Zambia, Mr Ash is an experienced American Mining Engineer and modernizing leader, with a proven track record of building and leading teams capable of optimizing and enhancing the operating efficiency, profitability and sustainability of mining operations in complex and challenging environments. During his tenure at Lumwana Mr. Ash Delivered over $100M in sustainable free cash flow improvements, achieved 50% improvement in safety performance, executed a training and development program achieving 96% local workforce, and progressed expansion plans that doubled the value of mine.

Speaker profile Tom Francis

Tom Francis

General Mine Manager at Bunker Hill Mining

Mr. Francis joined the Bunker Hill team after 10 years with Rio Tinto, the second-largest mining company in the world, where he was most recently Mine Manager at the Kennecott Bingham Canyon Mine (“Kennecott”) in Utah, USA, its single largest mining operation. Among other achievements, his team delivered world-class payload metrics on Kennecott’s ultra-class truck fleet while simultaneously increasing average haul truck speeds and tire life. Previous roles with Rio Tinto included responsibility for productivity across the full Kennecott value stream (mine, concentrator, smelter and refinery), three years in the Group strategic investment analysis team assessing its global suite of projects (greenfield, brownfield & closure), and several years in Rio Tinto Exploration (RTX) managing operational support (incl. safety) for Rio Tinto’s Exploration’s projects across Africa and Eurasia. Prior to his mining experience, Mr. Francis served as an officer in the Royal Marines and UK Special Forces, serving on multiple operational tours in Kosovo, Iraq & Afghanistan. He is a dual national US/UK citizen having lived, studied and worked in both the US and the UK. He holds a first-class degree from the University of Oxford (BA, Mathematics & Computation).

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