Maritime Resources Corp V.MAE

POG at $2175…..Updated March Corporate Presentation

[nozzpack]

Several new additions befitting rapidly moving events...

Note particularly that they have rerun the 2022 HM FS using $2150 POG.....note that the NPV jumps to $185 million and the IRR to an incredible 80.3% 

Near term gold production and cash flow from the Hammerdown Gold Project
 

• 50k oz/y project generating over $40M in annual cash flow @ US$1,750 gold price. Leverage to rising gold prices with $185M NPV (5% discount rate) and 80.3% IRR2 project economics at spot gold prices2
 

2. Derisked assets, manageable scale
 

• High grade open pit project, existing process plant with tailings storage, major permitting complete

Other signifucant additions to including close by discoveries 

[nozzpack]

Sorry....the March CP link.. https://maritimeresourcescorp.com/investors/corporate-presentation/

[nozzpack]

This FS upgrade in the new CP  reflects just the higher Price of Gold. It does not reflect the replacement of the Nugget Pond mill and its $40 m + capex upgrade with the Pine Cove mill currently operating , much closer to HD and with twice the milling capacity , elevating production up to 100,000 ounces from 50,000 ounces and extending mine life well beyond 5 years. Combined, these

[nozzpack]

Nice picture of the gold fines in the CP. Also, just noticed this statement.... .."gold in tailings and wash plant fines, potentially repurposing mine tailings for agricultural uses" Perhaps they  have already decided on the tailings reprocessing project . Grants are sometimes available if there is  tertiary use of tailings such as local agriculture .. just a guess..