Osisko Metals
Financials:
Primary ticker: TSXV:OM
Stage of development: Exploration, Development
Primary minerals: Copper, Zinc, Lead
Project to promote: Gaspé Copper, Pine Point
Project location: Canada, Quebec, NWT
Website: www.osiskometals.com
Osisko Metals (OM:TSX) is a Canadian exploration and development company creating value in the base metal space with a focus on copper and zinc mineral assets. The Company is developing two of Canada’s premier past-producing brownfield assets – the Gaspé Copper Mine in Murdochville, Quebec, and the Pine Point Mining Camp, located in the Northwest Territories. The Pine Point Project 2020 PEA has indicated an after-tax NPV of $500M and an IRR of 29.6%. The Project is located on the south shore of Great Slave Lake in the Northwest Territories, near infrastructure, paved highway access, and has an electrical substation as well as 100 kilometres of viable haulage roads already in place.
In March 2022, Osisko Metals obtained an option to acquire 100% interest in the past-producing Gaspé Copper Mine. The mine is the among the largest copper development assets in Eastern North America. It is located in a safe, established mining jurisdiction with access to infrastructure.
Cash: CAD$6.9M (31 Mar 2022)
Debt: NIL
Major shareholders:
Osisko Group – 20.3%
CDPQ – 3.4%
Management & Insiders – 19.2%
Management Profile
Robert Wares – CEO
Mr. Wares is a professional geologist with over 35 years of experience in mineral exploration and development. He was responsible for the discovery of the Canadian Malartic bulk tonnage gold mine, which was subsequently developed by Osisko Mining Inc. into one of Canada’s largest gold producers. Among other awards, Mr. Wares was a co-winner of the Prospectors and Developers Association of Canada’s “Prospector of the Year Award” for 2007, and was named, together with John Burzynski and Sean Roosen as “Mining Men of the Year” for 2009 by the Northern Miner. Mr. Wares sits on the Board of Directors of Brunswick Exploration Inc. Mr. Wares has a Bachelor of Science and an Honorary Doctorate in Earth Sciences from McGill University.
Killian Charles – Vice President, Corporate Development
Mr. Charles was previously Manager of Corporate Development at Integra Gold Corp, an advanced stage gold development company, up until its acquisition by Eldorado Gold in July of 2017.
Prior to that, he worked as a mining analyst at Industrial Alliance Securities and Laurentian Bank Securities, covering small and mid-cap exploration and production companies. Mr. Charles holds a Bachelor of Science, with a Major in Earth and Planetary Sciences from McGill University.
What is your rationale for taking part in 121 Mining Investment?
Meeting new investors and existing shareholders
What recent news would you like to highlight to investors attending?
27 October, 2022 – Osisko Metals Reports Additional Infill Drill Results at Gaspé Copper Including 102.0 m of 0.57% Copper and 2.20 gpt Silver
13 October, 2022 – Osisko Metals signs an MOU to explore power connection with North West Territories Power Corporation
29 August, 2022 – Osisko Metals files positive Pine Point PEA. The objective of the 2022 PEA Update was to integrate updated long-term prices for zinc and lead, increased mined resources, cost escalations in CAPEX and OPEX, and reduced life-of-mine water management costs resulting from the recently completed hydrogeological model. As previously reported, the latter reduced the estimated dewatering volume by 30% compared to the 2020 PEA with the potential for a further forecasted reduction of 15% as the project advances to feasibility.
What are your key goals for the next 3, 6 and 12 months?
3 Months:
Advance exploration drilling across key targets
6 Months:
Advance development and permitting timeline
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Main challenge includes advancing permitting timeline. We strongly believe in the zinc market and we envision Pine Point as a clean producer of ultra high quality zinc and lead concentrates. As such, accelerating the permitting timeline from 3 years to shorter is a key challenge for us. With mining being a core focus of the NWT and Pine Point being a past producer, we are well positioned to shorten the process as much as possible.
What do you think makes your company such a compelling investment?
Unique large scale, open pit, high grade zinc-lead project with all supportive infrastructure in place (road, rail and power)