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Maritime Resources Corp V.MAE

Alternate Symbol(s):  MRTMF

Metals & Mining Gold
Maritime Resources Corp. is a Canada-based gold exploration and development company focused on advancing the Hammerdown Gold Project in the Baie Verte District of Newfoundland and Labrador. The Company holds a 100% interest directly and subject to option agreements entitling it to earn 100% ownership in the Green Bay Property which includes the former Hammerdown gold mine and the Orion gold project. It controls over 439 square kilometers (km2) of exploration land including the Green Bay, Whisker Valley, Gull Ridge and Point Rousse projects. The Company owns mineral processing assets in the Baie Verte mining district, which include the Pine Cove mill and the Nugget Pond gold circuit. It also owns the Lac Pelletier gold project in Rouyn Noranda, Quebec. Its land holding, across all its properties, covers an area of approximately 43,925 hectares, of which the Company holds a 100% mineral rights interest in 37,050 hectares with the remaining 2,175 hectares under option agreements (100%).


TSXV:MAE - Post by User

Maritime Resources Corp > New Corporate Presentation May 23 2024
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•••
Post by nozzpackon May 24, 2024 2:53pm
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Post# 36056394

New Corporate Presentation May 23 2024

New Corporate Presentation May 23 2024

Firefly is being mentioned more and more......Now it's stated that there are three mills in the region, including Firefky  Nugget Pond.

Also, the NPV5 of 2022 FS has been presented at $2300 POG
Its $210 million with an unbelivable 90% IRR.....the highest I have ever seen.

This is for a 5 year mine life .
The updated FS  will be for 10 year mine life, so the NPV 5 will more than double from $210 million ( fixed costs spread over 10 years instead of 5) to above $450 million ...very close to the Serbian PEA proxied estimate provided today ..
GLTA

 



https://wp-maritimeresourcescorp-2024.s3.ca-central-1.amazonaws.com/media/2024/05/23213917/2024-05-23-CP-MAE.pdf

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