AMQ CEO Precious Metals Conference Presentation Summary Jon Deluce, CEO of Abitibi Metals (Ticker: AMQ.c or AMQFF for US investors), recently delivered a presentation at the prestigious Beaver Creek Precious Metals Conference 2024. He focused on the company's achievements and future prospects, particularly in relation to its key projects: the B26 Polymetallic Deposit and the Beschefer Gold Project.
Key Insights from the Presentation:
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Company Background: Abitibi Metals is a Quebec-focused exploration and resource development company. Jon highlighted the company’s origins in a family office with a history in mining, real estate, and aviation. Abitibi Metals went public in 2020, starting with its Beschefer Gold Project.
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B26 Polymetallic Deposit: The B26 project, acquired from a subsidiary of the Quebec government in 2023, has a current resource of 11.4 million tons at 3% copper equivalent. The company is focused on expanding this resource, with drilling programs aiming to build on the deposit’s open-pit and underground potential. Abitibi has strong infrastructure in the region, including road access and a power line.
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Beschefer Gold Project: The Beschefer project adds to Abitibi's growing portfolio in the mineral-rich Northern Abitibi region. The area is historically significant, neighboring the Selbaie Mine, which produced 53 million tons of polymetallic material.
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Financial and Exploration Milestones: In 2023, Abitibi Metals raised $15 million to support its expansion efforts.Drilling campaigns have been extensive, and the company remains fully funded for its exploration plans through 2026. Notably, Jon's family has continued to invest in the company and it is currently the largest shareholder group, owning 30%.
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Upcoming Catalysts: Abitibi plans to release an updated resource estimate for B26 soon, possibly as early as next month, which could significantly increase its resource size from 11.5 million tons to a target of 30-50 million tons. With this, Abitibi is well-positioned to capitalize on rising commodity prices, particularly for copper and gold.
Throughout the presentation, Jon emphasized that Abitibi Metals is pursuing a world-class deposit and aims to provide shareholder value through prudent capital management and strategic drilling efforts. He ended by thanking shareholders for their ongoing support and confidence in the company’s vision.
Full presentation replay here:
Posted on behalf of Abitibi Metals Corp.