Replay available

The Digital Conference Experience: ALDE at VRIC

Join us for a great event!

Wed, February 1, 2023 at 4:00 PMendedReplay
The Digital Conference Experience: ALDE at VRIC
Company
Aldebaran Resources Inc (TSXV:ALDE)
Date
Wed, Feb 1, 2023, 4:00 PM ET
Replay
Watch the replay on this page · 26 min

On 6ix: 6ix.com/event/the-digital-conference-experience-alde-at-vric

Replay

Transcript

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

0:03 Hi, my name is Dave Christie. I am the CEO and President of Orford Mining. Orford Mining is a nickel and gold explorer in Northern Quebec. We control 1,400 square kilometers of land. We have 3 key project areas, the West Ragland Nickel Project, very high grade nickel project, 60 kilometers to the west of the Raglan Nickel Mine, which is a high grade nickel mine in northern Quebec. Then we have the Kigavik Gold Project, this is a brand new gold district in northern Quebec, sitting just north of the West Raglan Project. And We've got high grade gold across the entire project very early days there We believe we're on a cusp of discovery there and then we have the jetel projects These are projects in the middle of the Abbot Tibby right next door to a unique legal's original gold mine the Eagle tell Bell and we are currently drilling there to define a near-surface resource at the self-gold zone on our Chateau Eagle project. We trade under the symbol ORM. We have a major shareholder in Alvins Gold. Wyloo Metals is earning into our Nickel project And if you have any other information, please look at our website, www.OrpahoreMining.com.

1:08 Hi, I'm David D'Onofrio, CEO of White Gold Corp. Here at the Bank of Canada Resource Investment Conference. Great to be here, great to turn out, lots of energy this year. Nice to see some good interest in the sector. Very excited to give you a little bit of an update. We had a tremendous exploration season last year in the field. We set out to have a very focused, impactful program. We've done work on our Orion Surprise Zone just to the west of our flagship gold saddle deposit. We've really showed that that's expanding in all directions and we'll be updating our resource to do that in. Coming into this we're close to the 120 ounces of all categories and we're going to get a material bump there. So really excited to have that kind of size and grade in a company like this. It's a great accomplishment.

1:58 What's even more exciting is we're just scratching the surface on what we have, which is a true district-scale land package in an area that's seen major discoveries and major investments by significantly large mining companies. Newmont is just to the south of us, they're advancing their property project, That's a project that was also discovered by our founder John Ryan. A lot going on. Western Copper is advancing their massive corporate project. Rio Tinto has come and invested in them. So I'm really encouraged to see all these major mining companies that are coming to the district. Obviously, I'm thrilled to be part of that with a decoy and kinrods, and to be able to invest in it ourselves. So what we have, which I think makes this company so unique, is we're in great jurisdiction, we have a great land package, we have a deposit, we have a huge Blue Sky Grassroots Exploration Portfolio. We've been tremendously successful in the last couple of years giving new discoveries. One of those in particular is our Betty property. It's contiguous to the Nuance coffee deposit right on the same fault system. We made a huge discovery hole in our Made in Diamond drill program 2 years ago where we drilled 50 meters of 3.5 grams. That's one of the better holes ever in the district. This year we followed that up, 9 grams of 18 meters.

3:11 This thing is wide open, we're excited, it's on that same hole system, it's got some other great deposits. We're in the right place, the right time, the right partners. I think this is a very special company and I'm really excited for what we're going to be doing this year to follow up and create more value for the customers. Hi, I'm John Black, I'm the CEO of Regulus Resources. We're here at the V-Rec conference in Vancouver. It's outstanding to see so many people out. There's a lot of energy and a lot of people returning to the market, so it's a fantastic time to be here. Our company specializes in identifying large copper and copper gold deposits and we have a very exciting project in northern Peru called the Antiquari Copper Gold Project. It's a project that has a large copper gold resource already in hand. We have about 250 million tons of indicated mineralization and slightly less than a 0.5 copper grade with nearly a third of gram of gold and over 267 million tons of a slightly lower grade than that. So combined over 500 million tons of quite exciting grade gold and copper mineralization.

4:16 And importantly, we're in a brownfield setting. Our portion of the mineralization is part of a larger deposit that extends onto our neighbor's ground where they're currently mining the oxide cap and effectively pre-stripping the overall project which is partially on our ground, partially on their ground, which presents an outstanding opportunity for a project like this to become a mine in the very near future. We have the interest of many of the major mining companies watching us and we're very pleased to report that just in the past few days we've completed a financing with Newton, a division of Rio Tinto. They've made a large investment into our company which provides us with the funds we need to continue to advance the project and they will work collaboratively with us to evaluate the project and perhaps someday take a greater interest in the project as we move forward.

5:08 Hi, Mal Karbowska, VP Corporate Development and Investor Relations for Nucor Gold. Nucor is a publicly listed company. We trade on the TSX-V, ticker NCAU. Our market cap is roughly Canadian $35 million. One of our key standouts about Nucor Gold is the team. It is a management and board with a track record in this industry and one that is strongly aligned with its shareholders. Management and board own 24% of the equity of the company. Alongside management we have a very strong shareholder base, approximately 40% institutionally held. Our key shareholders include Franklin Templeton, Ruffer, SSI, Merck and Earth Resources. I think you'll be hard-pressed to find another junior with a $30 million market cap that has a management and board that is so strongly aligned with the shareholders, as well as strong institutional ownership.

6:03 In addition to that, we have 4 brokers that currently cover the company, so very strong capital market support. We are advancing our Enchi Gold Project. It is a district-scale project in the southwest of Ghana. Ghana is Africa's largest gold producer and has a very long stable history of gold mining. Enchi sits along the Sefu Bibiani gold belt which hosts several multi-million ounce mines including to the north of us the Chirano and Bibiani mine complex with a gold endowment of over 10 million ounces. And then to the north of that, Newmont's A0A mine, which has an endowment of over 20 million ounces and growing. N2Gold is underpinned by fundamentals. We released an updated PEA in mid-2021 that highlighted the potential for an open-pit heap-leach gold mine.

6:54 That being said, what we have been focused on the last 2.5 years has been showing the size and scale potential of our project. With over 90,000 meters of drilling completed in the last 2.5 years, we believe that we are on track to highlight another multi-million ounce gold project along a significant belt in Ghana. If you have any additional questions, please don't hesitate to reach out. Lots coming up this quarter with a resource update in the next few weeks as well as additional drill results. Thank you. Hi I'm Jerry Merlink and I'm the President and CEO of Keep Open Gold. I'm here today at the Vancouver Resource Investment Conference, a BRIC hosted by my good friend Jay Martin. What a fantastic show it is this year.

7:39 I was here in May. I swore I saw a tumbleweed roll down the aisles. Today it is a live, boisterous place. Last year the padded rooms were packed, but now it's spilled out all over across the entire conference. And for us at Kuboko, it's been a really great opportunity to meet with old investors and new investors to talk about our recent results in the drill program, what's coming in the near term and our plans for the rest of the year. Last week we reported our first set of drill results from the Fontana project where we had a headline results of 9 meters grading 8.75 grams per ton. It's a fantastic result. We're going to have more assays recorded in the next week or so. Just for that news flow to continue as we finish our 11,000-meter, 67-hole drill program, which we anticipate to result in a mineral resource estimate near the end of the second quarter of this year, which is really 4 or 5 months away.

8:36 Thanks for tuning in. Hi, my name is Dary O'Shea. I'm the CFO of Highland Copper, a developer in the US. I think of most significance for investors is our location in the U.S. Where domestic copper supply is of critical importance for resource independence in the U.S. Probably most important from a corporate perspective is the scale of our resource, with 8.6 billion pounds of copper in the ground, well-defined with 60% of that in M&I. And the resource sits across 2 assets in Michigan, Copperwood and White Pine North, a past producer. And we're looking at a combined scenario for those 2 assets, which we think can produce 75,000 pounds of copper per year for in excess of 20 years, a pretty significant scale.

9:26 We also have significant financial backing from some fantastic mining funds who have really supported us over the past number of years, Osisko, Orion, Condyer and Greenstone. But possibly most important is our license to operate in the US. I mentioned the importance from a federal perspective of critical minerals, particularly copper, but also for Michigan, where they're prioritizing industry that supports electrification and also companies that bring jobs back to the upper peninsula of Michigan. So when we put that together with our financial backing, the scale of our resource, We think there's a viable path to a fully permitted status within 2 years, which we think really puts us a considerable step ahead of our peers. And overall, I think investors need to think about something binary, whether or not a company truly can move from development into production.

10:19 When you look at the key factors for Highland Copper, we think we've put ourselves in good standing. Good afternoon. Paul Robinson here from VRIC. I'm the Vice President of Exploration of Gold Island and I'm just going to give you all an update on what we've been up to over the last year. So we've just finished our first field season in Newfoundland. We started off with a huge land package that was staked a year and a half ago by Sean Ryan and we had 7 projects all based on different geological criteria and we've spent a year and a half now whittling that down to the really interesting bits. At the end of the year what I can tell you is that we've got now 3 projects that we're really interested in and they are Hampden and Meansbyte and Notredame.

11:16 Now these 3 projects we're going to be spending the next season trying to get those drill ready. We've at Northrop Down we've done a combination of soil sampling and prospecting and channel sampling and we've zeroed in on 3 gold-bearing zones that are going to develop into our drill targets in that area. At Hampden we've looked at the government geophysics and we're planning on doing some more geophysics to help us 0 in on the correct structures. The Cupboard Fault and the Deuce's Valley Fault go through this ground and we've got rather interesting soil sampling and till sampling in that area. Some of our till samples have pristine gold grains in and so we're hoping that those have led us to some fairly localized gold anomalism that we can develop into drill targets hopefully by the end of the year. And then we've got Wings Bite which we're going to be getting out and looking at more in the early part of 2023.

12:29 We've got a soil sampling program complete there and we're relying also on historical data from Niranda and I think that just about covers us for where we've been. Where we're going to, We've got soil sampling and till sampling programs planned for all of these projects and we've got a drone mag campaign planned for Hampden and for Notre Dame this year. So plenty going on and we aim by the end of this year to be able to announce our drill targets either through our own properties or through other people on the island that we can talk to who have interesting ground as well. So that's where we are.

13:24 I'm Mark Jarvis, CEO of Giga Metal. And I was just asked why should a retail investor consider buying our stock? Well, I'm not an investment advisor, but I can tell you that we are by far the most undervalued of the Canadian extremely large sulfide nickel deposits. And we do have a path forward financially to develop this giant deposit that we have. We've got about 1.5 billion tons in the measured and indicated category, an average grade of 0.22% nickel. And that's a low grade, but we've done lots of economic studies on this and the recoveries are extremely good for a deposit of this type. You make a beautiful concentrate that is an extremely marketable product.

14:27 So, essentially, It's a project that at the very low end of nickel prices wouldn't get developed, but at current pricing the economics get very robust. And so we've managed to attract a significant partner in Mitsubishi Corp. We've bought a 15% interest in the project for $8 million. And along with them, we are currently working on a pre-feasibility study, which we expect out in June. All of these events, combined with what I think is going to be a very robust year for commodities in 2023 mean that I think 2023 is going to be a very, very good year for us.

15:20 So stay tuned for the Angry Sea Cods. So stay tuned for our new sequels. I'm Dan Milton, the CEO of 1st Mining Gold. First Mining is developing a couple of significant projects in Canada. So our first and most advanced project is Spring Pool, 5 million ounce old project, located about 100 kilometers east of Red Lake, Ontario, or advanced in the environmental assessment process, and aiming to submit a final environmental assessment report in 2024. And the other project that we're advancing is the Duparcay project which we've recently consolidated. Duparcay is a 5 million ounce gold project located in the heart of the Abitibi Greenstone Belt on the Porcupine Destor Fault about 30 kilometers from Rwanda.

16:08 So very catalyst heavy year coming up with 1st mining, advancing Springpole through the environmental assessment, ongoing work through the EA and the permitting process, and advancing through the feasibility study process, and starting for the first time in years, regional exploration around Spring Pole to really demonstrate the value of the 70,000 hectare exploration package that we have in the Burge-Uche Green Stuff Building. And at DuParcay, starting environmental baseline work, moving into a preliminary economic assessment of the project this year to define project scope and economics, and also starting a robust exploration program at DuParcay to demonstrate that we really are putting together a district scale opportunity in the heart of the Abitibi Gold. So very exciting times coming and we're spawning gold.

17:03 Hi, I'm Brandon McDonald, CEO of Firewing Metals. I'm here today at the Vancouver Resource Investment Conference in, uncharacteristically, sunny Vancouver, British Columbia. It's been a big year for us last year. We had our biggest ever drill program, our best ever intersection or zinc project. We raised $35 million, $20 million of which came from the Lundin family, so a massive endorsement from the company. We also had the backtongue tungsten project, which was the largest and highest grade on tungsten projects. So building on the addition of that project, all that extra money, we're going to 2023 to look at our gain. Once again, biggest ever drill program, possibly as big as every year previously tried. So it's a huge year for us. We've researched on MacTongue, massive drill program on MacPass and MacTongue.

17:54 A huge amount of catalysts and some big endorsements. More talks and more about it. Hi there, my name is Pat Donnelly, I'm the President and CEO of B79 Resources. We're based in Vancouver, Canada. We're listed on the Canadian Securities Exchange, the symbol ESNR. Our flagship assets are in the state of Victoria in Australia. I only joined the company last May and the reason I was attracted to it is because we have some of the highest grade gold assets in the world, specifically we're in the Fosterville area. Fosterville, which is owned by Nico Eagle, is one of the highest grade gold mines in the world. So we've had tremendous exploration success, specifically our third hole we drilled was 11 meters of 160 grams per tonne gold. Since then we've been able to follow up on that with some other very high grade holes in our Myrtleford property.

18:46 We have $5 million in cash, and so we have lots of runway, relatively low exploration costs. And the nice thing is, we don't have any infrastructure challenges, and we have tremendous support, the state of Victoria, and the people in the area. So anyway, We're here at the Vancouver Resource Investment Conference and very good turnout, very good support from my shareholders and hopefully near term we'll have some more news for them. So thank you very much. So what's unique about Contango is that we'll be in operation and production next year. We'll be producing at the company 67,000 ounces of gold per year. Probably about $1,900, the $1,900 gold price will be generating about $40 million in free cash flow.

19:31 That's pretty unique for a company that only has 7.2 million shares outstanding. We're under construction now, finishing up the road through the winter months, which in the summertime puts us in a place to start mining and stockpiling. By the end of the year we should be transporting the ore up to the Fort Knox mill. And that's what's unique about our project. We're a mining company that's actually not going to build a mill in a tailings facility because we're using 1 that already exists. That allowed us to shortcut getting into production and We've got a huge area of land under lease from the Tetlin tribe. It's private land owned by one of the Alaskan native tribes Which gives us a lot of exploration upside for many many years to come so High quality project we're delivering 8 grams of 8 grams per ton to the Fort Knox mill generating about 220,000 ounces of gold production per year.

20:26 And so our 30% share is about 67,000 ounces. High quality ore, high margins, generating good cash flow in about a year from now. My name is Spiros Kaklos. I'm the vice president of investment relations for a company called Century Lithium. We are an advanced stage lithium company focusing on a project called the Clayton Valley Lithium Project in the state of Nevada. What makes us different than everybody else is that we are one of the largest projects in Clayton Valley And we are 1 of 3 advanced stage type projects in that state. We've got Ioneer, who's got a great project called Violet Ridge, which is at a permitting stage. We've got a company called Lithium America with a couple of the possible stack of tasks at feasibility stage, but they've got their permitting already completed.

21:20 And then you have us. We've got 3 feasibility studies done. We're currently working on our feasibility study, which we expect to be finished by Q2 of this year. And we'll be commencing our permitting, which is like a 12 to, say, 15 month process. I like to say 2 years, so we gotta keep it tight. Hopefully that's gonna become slower. So everybody else around us, they're early stage. So we're one of the more advanced projects. And what makes Haley a little bit different? Well, if you look at the booth, there's nothing around us. It's all about location, location, location. So we've got a great location, road accessible, access to power, solar obviously, because it is in Nevada.

22:05 But right over the hills over here is our neighbor, which is the only neighbor that we have, which is Albemarle's Silver Peak operation, right next door. Everything else, there's just nothing here. Nothing here in the grey stuff you see on the map. That's basically our clay stone, which comes up right at the surface. So, it's... What makes clay projects a little bit different is that they are, at surface, goes down to about 150 meters. They're really soft, really easy to take out. Unlike grime projects that you have in Latin America where you have using a lot of water to extract the lithium. So it's kind of frowned upon from an EEC perspective.

22:52 And hard rock projects are really good, but they're high grade, and they're high grade, but they're usually blasting or going underground to kind of take them out. So it's very cost effective. Clay projects are pretty easy, so they're inexpensive to remove and it's just a matter of using water, we kind of evaporate it at a lab and that's how we extract it. So it's a very simple process. So looking forward over the next few months, what we expect to see from Century Lithium, if we have a feasibility study that should be completed sometime in the second quarter, we immediately follow it by our plan of operations and that will allow us to be able to apply for various grants and loans and at that time our next step will be to actually produce lithium carbonate on site. So there's a lot happening right now this year. It's really exciting for the company as we pick this project to move it towards production. So in the end, St. Philip, it's the right commodity in the right jurisdiction at the right time.

24:03 Hi everyone, my name is Dr. Kevin B. Heather, I'm the Chief Geological Officer for Aldebaran Resources. Many of you know me as the Rock Doctor, and here we are at the VRIC conference in Vancouver. Lots of people, lots of energy, it's good to see the markets are coming back and we're happy to be here to show off our Altar project which is located in San Juan province in Argentina, one of the real true hot spots in the world for copper exploration these days, very pro mining jurisdiction and we've got a very exciting project here. We already have a very large resource in hand but we've recently completed three-dimensional geophysical study and We've identified a very large resistivity and conductivity anomaly.

24:53 We're currently drilling that. We have 3 rigs on the property. Those results will hopefully be coming out sometime in March. We're very excited because we can see that we can transform this from already a very large resource into something that's going to put it in the class of the supergiant porphyries of this part of the Andes. So we're hoping that many of you

Follow Aldebaran Resources Inc into a list and get an email when it puts out news.

Latest news releases

Companies on this call

More from Aldebaran Resources Inc