AMQ Presentation at Clean Energy Metals Conference Insightful presentation from Abitibi Metals (AMQ.c AMQFF) President and CEO, Jonathan Deluce, from the Clean Energy Metals Conference late last month: https://www.youtube.com/watch?v=aVQYl6U8ZYM
Focused on copper exploration and building strong partnerships, AMQ is positioned to benefit from the growing demand for clean energy metals as it explores the B26 Deposit, a copper-lead polymetallic deposit in Quebec, Canada.
Key Assets and Projects
- B26 Deposit: Initial resource of 11.4 million tons at nearly 3% copper equivalent (7.0 million tonnes at 2.94% Cu Eq indicated and 4.4 million tonnes at 2.97% Cu Eq Inferred)
- Strong infrastructure with access to roads, power, and nearby mills.
- Located near the historic Selbaie mine, a significant copper-lead producer
Recent Progress and Strategy
- Drilling Campaign: Completed 13,500 meters in phase one; phase two involves an additional 16,500 meters.
- Significant drill results include 2.32% copper equivalent over 90 meters.
- Aiming to extend deposit size and develop an open pit alongside high-grade underground mining.
Team and Advisory Board
- Strong advisory team with notable experts, including Shane Williams and Chris Levy (formerly of BlackRock).
- Focus on bringing specialized knowledge in exploration, engineering, and capital markets
Copper Market Outlook
- Global copper supply is tightening, with demand expected to outpace supply by 2030.
- 50% of copper production comes from politically unstable regions, making stable jurisdictions like Quebec increasingly valuable.
Financial Position
- Fully funded through 2026 with a $15.5 million treasury.
- Strong shareholder base, including notable investors like Frank Giustra.
- Focus on prudent capital management with 84% of the budget allocated to exploration
Future Plans
- Near-term goals include completing phase two drilling, optimizing the open pit, and updating the resource estimate by Q4 2024.
- Potential for discoveries outside the B26 deposit.
- Exploring additional opportunities through M&A and further growth in the copper and gold sectors.
Long-Term Vision
- Abitibi Metals is positioned for either production or a strategic acquisition by a major player in the copper space.
- Plan to continue building out its resources and enhancing its attractiveness to larger mining companies.
Offering a strong investment opportunity in the clean energy metals sector with well-established assets, solid financial backing, and an experienced team, AMQ is poised to capitalize on the rising demand for copper.
Full News Release: https://abitibimetals.com/abitibi-metals-extends-western-plunge-in-step-out-drilling-at-the-b26-polymetallic-deposit-highlights/
Posted on Behalf of Abitibi Metals Corp.