Metallic Minerals Corp V.MMG

Alternate Symbol(s): MMNGF

Metals & Mining Industrial Metals & Minerals

Metallic Minerals Corp. is a resource-stage mineral exploration company, focused on copper, silver, gold, and platinum group elements in the North American mining jurisdictions. The Company's projects include La Plata, Keno Silver and Alluvial Royalties. The La Plata project covers approximately 44 square kilometers (km2) within the historic high-grade La Plata mining district located at the southwest end of the prolific Colorado Mineral Belt. Mineralization is related to a large-scale precious metals plus platinum group element (PGE) porphyry copper system with associated high-grade silver and gold epithermal vein and replacement deposits. The 100%-owned Keno Silver project consists of around 171 Km2 adjacent to Hecla Mining’s mining operations in the historic Keno Hill Silver District of Canada's Yukon Territory. Its Alluvial Royalties include Australia Creek Royalty and Dominion Creek Alluvial Royalty. It owns a 100% interest in the McKay and Silver Hill properties (55 km2).

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Metallic Minerals Corp > Indepth interview with Scott

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Comment by deeton Nov 19, 2024 3:29pm

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Post# 36320385

RE:Indepth interview with Scott

mattbigham wrote:
Over an hour on all things MMG so I am not writing this one out.

Some headline grabbers:

2:41:55

The goal at La Plata is .5% -.75 % Cu Eq for a mineable operation ideally 50-100 million tonnes of 3/4%. Newmont would want to move forward with that. We already have 147 m/t of .4% -raise the cutoFf grades is .5%- and we see the potential to get there.

2:54:15 "Since Newmont is only a 9.5% investor there is room to bring in another large investor or company. JV is not the best path for us. The other way is the monetization of the Keno Silver Project to defray dilution to our shareholders."

2:44:00 Talks Newmont partnership

"Deal tension. Sometimes you want to build deal tension. If you've got a world-class project like the La Plata project ....perhaps having someone else in there in a competitive sense to help drive value could be of value to our shareholders.I am not saying it can't be a JV with Newmont or a deal with someone else . There is optionality in the way we approach this and we are looking at all these options for our shareholders."

2 hours 59 minutes :Keno Silver-Potential Monetization Event

2024 - drilled Formo and tested an exploration target

"Looking at all the options. Look at monetization of the project ,and if that doesn't happen, then explore how to maximise exploration efforts to grow that resource."

Expand the resource at Keno or a buy-out first?

"I think it's possible and I think for us maybe preferable. We can't presume anything in regards to a buyout until there's an agreement or further discussions in that regard. There has been expressions of interest so we will pursue those and if the deal is right,perhaps we make the deal. If it's not then the next course of action is to continue to build resource.

3:16: 25

"The next layer is to move these things forward with low cash. There's a lot of optionality so a lot of ways we can approach it.
That could be another layer of news forthcoming over the next few months."