Strongbow Exploration Inc. (TSX-V:SBW) ), is an Associate Company of Osisko, and building a portfolio of strategic metals assets in the UK and North America. Strongbow’s flagship project is the past producing and fully permitted South Crofty underground tin mine in Cornwall, UK. South Crofty is arguably the most important historical tin mine in the UK and hosts one of the highest-grade tin resources globally. A water treatment plant is being constructed so the now-flooded mine can be dewatered. Strongbow will bring the project to a production decision and complete a feasibility study in parallel with the mine dewatering process.
Richard Williams – CEO and Director
Richard is a Professional Geologist with a B.Sc (Hons) degree in Geology from Portsmouth University, and a Masters degree in Mineral Exploration from Queen’s University, Ontario. He also serves as CEO of Helio Resource Corp. (TSX-V:HRC), an exploration company with a gold project in Tanzania. He has over 25 years of experience in the mining and mineral exploration sector principally in southern Africa, and south and Central America. Richard has spent the last 13 years in public company corporate management, and has developed a wide network of business and financial contacts.
What is your rationale for attending 121 Mining Investment?
To find support for our upcoming listing on the AIM Exchange, London
What recent news would you like to highlight to investors attending?
October 17, 2018 – Strongbow Enters into Financing and Offtake Agreement with Orion Mine Finance.
March 28, 2018 Announces new deal with Galena and Completes Amendment to South Crofty Share Purchase Agreement. New deal provides clarity on funding needs and potential dilution on going forward and payment is no longer linked to NPV of project.
January 2018: sale of a 1.5% Net Smelter Returns Royalty from South Crofty Tin Project to our largest shareholder, Osisko Gold Royalties, for C$7,170,000. Proceeds are used for the construction of a water treatment plant.
What are your key goals for the next 3, 6 and 12 months?
List on the AIM Exchange, London, UK
Commission the water treatment plant at our South Crofty tin project and start dewatering the mine.
Start of Feasibility Study and 25,000 meter drill programme
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
A successful AIM listing will allow the company to complete dewatering of the mine, complete a feasibility study, and make a production decision.
In a sentence, what do you think makes your company such a compelling investment?
Strongbow’s strategy is very simple and subscribes to the Osisko group mantra – focus on high quality, advanced brownfields projects, located in good jurisdictions, which have the potential for a long mine life. “The best place to find a new mine is next to an old mine.”