Maritime Resources Corp V.MAE

Hope Brook Tailings and Aggregates

[nozzpack]

There is no doubt that the Hope  Brook gold deposit is not only substantial and economic but its aggregate and tailings resource of 134,500 ounces will add substantively to that value ( my eyeball estimate was 100,000 + ounces ).

Neither can proceed without the early availability of MAE excess gold processing capacity .
This is particularly so for the substantial Tailings resource , whose early recovery can provide substantial cash flows to advance current 43-101 drilling activity .

134,500 ounces @90% recover = $250 million in gross revenues .

Also, that deposit is enroute to 3 million ounces by my rather gross analysis and ...
is a natural acquisition / merger option for MAE and its rapidly evolving Hub and Spoke Business model.

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However, it does not include the value of the granite aggregates overlaying the gold deposit, which may be sold as a by-product and/or the contained copper that previous operators tapped into from the northern part of the deposit.

Interestingly, the tailings may also hold some value of their own which is why they were tested and the inferred numbers are pretty decent at 4.9 million tons with a grade of .85 g/t Au and .09% copper, containing 134,500 ounces of gold and 9.5 million pounds of copper.

Most importantly this is one of just a few 4+ g/t gold mines with an established resource that is not in production today and is currently the highest grade 43-101 compliant resource estimate in Newfoundland.

[nozzpack]

Currently 1.44 m ounces but open at strike and depth, with high prospectivity of nearby discoveries along the same fault ... https://bigridgegold.com/site/assets/files/5608/bigridge_september_2023.pdf Not too far away is Matadors Cape Ray gold discovery with 850,000 ounces of gold ... These are going to be customers if not partners of MAE..

[nozzpack]

Forgot to mention that Royal Oak also produced copper concentrate from the Hope Brook gold mine from 1993 to 1997. Current 43-101 resources include besides gold, 47 m lbs of copper .....right in MAE / Fireflys wheelhouse as all three mills can produce both gold and a gold copper concentrate ..