Wed, Mar 24, 2021 at 4:00 PM
Eastern Time (US & Canada)
In this live investment summit CEO Rick Van Nieuwenhuyse, will give an update of the Company's $18 Million Permitting and Feasibility Program underway and the infill drilling to upgrade indicated resources to measured category and to develop a month to month mine plan for Feasibility. Attendees will also hear about the Company's exciting plans to initiate formal permitting in H2 2021 and to finalize documentation to support up-listing to NYSE American.
Contango ORE Inc (OTC: CTGO) completed a transaction Q4 2020 that repositions the Company as a well-capitalized US gold developer with a clear path to producing on average 65,000 GEO/year at AISC of $750/GEO. With just over 6 million shares issued and approximately $30 million cash on hand, the Company can easily meet its obligations to fund through to a production decision without dilution. Think about the free cash flow per share at current gold prices! How can we do this? The Company recently formed a new partnership with Kinross Gold Corporation - The Peak Gold JV (Kinross 70% and Contango 30% with Kinross as Manager and Operator). Ore from the Peak Gold JV will be processed at Kinross' existing Fort Knox mining and milling complex. The use of the Fort Knox mill is expected to accelerate the development of Peak Gold and result in significantly reduced upfront capital development costs, smaller environmental footprint, a shorter permitting and development timeline, and less overall execution risk for the project. Kinross anticipates production of 1 million ounces of gold equivalent from the Peak Gold deposit over a 5 year mine life based on current resources beginning in 2024 and estimated all-in sustaining costs (AISC) of $750/oz Au Eq., and total capital costs of $110 million. There is significant upside exploration on our 845,000 acre land package located in the heart of the Tintina Gold Belt.
Anyone with the event link can attend
Dial-in available (listen only)
Dial-in Number: +1 (312) 248-9348
Dial-in Passcode: 3658
Rick Van NieuwenhuysePresident & CEORick has more than 40 years of experience in the natural resource sector. Before joining Contango Ore in January 2020, he was President and Chief Executive Officer of Trilogy Metals, who are currently developing the high- grade Upper Kobuk Mineral Projects located in the Ambler Mining District of Alaska. Trilogy is a company which was created in 2012 as a spin-out from NOVAGOLD, a well-known company he founded over 20 years ago. NOVAGOLD is currently finalizing permits for the 40 million ounce Donlin Gold Project in Southwest Alaska with partner Barrick Gold, the world’s largest gold company.
Previous to his role as Founder, President, and CEO of NOVAGOLD, he held the position of Vice President of Exploration for Placer Dome Inc. from 1990 to 1997. In addition to his international exploration perspective, Rick brings years of working experience in and knowledge of Alaska to Contango. Rick has managed projects from grassroots discovery through to advanced feasibility, production and closure. He has played a key role in setting up several other corporate entities including: Alexco - where he remains a Director - which is rejuvenating the Keno Hill Silver District in the Yukon; Tintina Resource (now Sandfire Resources America), which discovered and is now completing a feasibility study + permitting the high grade Black Butte copper project in Montana; and SolidusGold, where he is Chairman.
Rick holds a Candidature degree in Science from the Université de Louvain, Belgium, and a Master of Science degree in Geology from the University of Arizona. He received the Thayer Lindsley award in 2009 for his role in the Donlin Gold discovery and the Colin Spence Award in 2016 for his role in the Bornite Discovery.
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