O3 Mining

Website: www.o3mining.ca
Primary ticker: TSXV:OIII
Stage of development: Exploration
Commodity: Gold
Project to promote: Val D’Or Properties
Project location: Canada
Company presentation: Click here

Live financials

Cash: CAD$26.9M
Debt: Nil

Major shareholders:
Management Ownership – 6.3%

O3 Mining Inc., the third iteration of the Osisko Group, is an emerging consolidator of exploration properties in prospective gold camps in Canada – focused on projects in Quebec and Ontario – with a goal of becoming a multi-million ounce, high-growth company. The Company’s goal is to become one of the premier gold exploration companies in Canada.
O3 Mining is well-capitalized and holds a 100% interest in several properties in Quebec and Ontario. O3 Mining controls over 61,000 hectares in Val D’Or and over 50 kilometres of strike length along the Cadillac Larder-Lake break. The Company’s projects host resources of 5.2M oz Au in the Val D’Or area, including the Garrison project in Ontario. O3 Mining also has a portfolio of assets in the James Bay and Chibougamau regions of Quebec

Analyst Insight – provided by Independent Investment Research

O3 Mining is a TSX-V-listed company that is the third iteration of the Osisko Group. O3 Mining is an emerging consolidator of exploration properties in prospective gold camps in Canada – focused on projects in Quebec and Ontario – with a goal of becoming a multi-million ounce, high-growth company.

O3 Mining is well-capitalized and holds a 100% interest in several properties in Quebec and Ontario. O3 Mining controls more than 61,000 hectares in Val D’Or and over 50km of strike length along the Cadillac Larder-Lake break. The company’s projects host resources of 2,066,154 gold ounces of measured and indicated resources at 1.40 g/t Au and 1,059,057 gold ounces of inferred resources at 2.95 g/t Au in Val D’Or area; whilst it also holds the Garrison project in Ontario with over 1,570,000 gold ounces of measured and indicated resources at 1.12 g/t Au.

During May 2020, the company appointed Ausenco Engineering Canada as the lead consultant to prepare a Preliminary Economic Assessment (PEA) that will include cost-effective process plant and infrastructure design concepts, on its 100%-owned Marban Project in Val D’Or, Québec. The Marban Project is located in the Malartic mining camp in the Abitibi gold district and contains three past-producing mines (Marban, Norlartic and Kierens), which collectively produced 585,000 ounces of gold between 1959 and 1992.

The land package owned by O3 Mining in the heart of the Cadillac, Malartic, and Val D’Or gold mining camps covers 125 sq km and is located 15km from the Canadian Malartic Mine, and lies along the same shear structure as Wesdome’s Kiena deposit. To date, there has been a total of 4,577 holes drilled on the Malartic Property for a total of 600,369 metres. The current mineral resource estimate on the Marban, Norlartic and Kierens deposits is 38.2Mt at a grade of 1.29 g/t Au for 1.59Moz in the measured and indicated mineral resource categories and 4.1 Mt at a grade of 1.47 g/t Au for 195,000 oz in the inferred mineral resource category.

O3 Mining also has a portfolio of assets in the James Bay and Chibougamau regions of Quebec and in the Hemlo district in Ontario.