PolarX
Financials:
Primary ticker: ASX:PXX
Stage of development: Exploration
Primary minerals: Copper, Gold, Silver
Project to promote: Humboldt Range and Alaska Range
Project location: Nevada & Alaska, USA
Website: www.polarx.com.au
Corporate presentation: Click here
Corporate video: Click here
PolarX is an advanced ASX-listed mineral explorer and developer (ASX: PXX) with rapidly growing high-grade Copper, Gold and Silver projects in the Alaska Range (Alaska) and Humboldt Range (Nevada) USA.
Cash: AUD1.3M
Debt:NIL
Major shareholders:
Ruffer Gold Fund 14.3%
US Global 8.4%
Lundin Mining Corporation 7.5%
Management 7.1%
Golden Hill Investments 4.4%
Management Profile
Jason Berton – Executive Director
Jason Berton is a geologist with more than 20 years’ mining and exploration experience including working for Homestake, Barrick and BHP Billiton and SRK Consulting. Jason has also previously spent two years in private equity investment and four years as Managing Director of ASX-listed Estrella Resources. Jason holds two Degrees, a Bachelor of Economics and a Bachelor of Science (Hons) plus a PhD in Structural Geology
What is your rationale for taking part 121 Mining Investment?
PolarX is seeking investment support for an aggressive drilling campaigns at the Humboldt Range Au-Ag project Nevada; the high-grade copper Caribou Dome; and the Mars porphyry copper project in Alaska, throughout 2022.
What recent news would you like to highlight to investors attending?
23 Feb 2022: Assays up to 15% copper at Caribou Dome Project
16 Feb 2022: Strong sampling results at Humboldt Range Project
What are your key goals for the next 3, 6 and 12 months?
3 Months:
RC drilling at Humboldt Range, Nevada and camp preparations in Alaska
6 Months:
Diamond drilling at Caribou Dome and Mar Projects, Alaska. Return to Nevada for second drill campaign at Humboldt Range.
12 Months:
Resource evaluation for Caribou Dome and Humboldt Range.
Complete scoping study for Caribou Dome and Zackly Projects, Alaska.
Seek JV partnership for Mars porphyry project from major mining company.
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Unforeseen Covid restrictions.
Procurement of all contractors in a tight supply market.
Potential delays at assay lab facilities.
What do you think makes your company such a compelling investment?
Highly prospectivity mineralisation styles in copper, gold and silver, that ranges from junior suited, high grade, short development phase projects, to major company appeal, larger bulk tonnage porphyry development. Our Humboldt Range projects are also very close to neighbouring mines and key infrastructure, which could facilitate rapid development.
What are the top key investor takeaways?
Copper, gold & silver focus.
Highly prospective for rapid development.
Low jurisdictional risk.