Abitibi Metals

Primary ticker: CSE: AMQ, OTC: AMQFF, FSE: FW0
Stage of development: Exploration
Primary minerals: Copper, Gold, Silver, Zinc
Project to promote: B26, Beschefer
Project location: Quebec, Canada
Website: abitibimetals.com
Social Media: Click here, Click here

Abitibi Metals is located in Quebec, one of the world’s premier mining jurisdictions. The company is led by an experienced management team, and a world class advisory team including Shane Williams (West Red Lake Gold Mines, Eldorado Gold, Skeena), Erico Kallio (Agnico Eagle), and Victor Cantore (Amex Exploration). The high-grade B26 Polymetallic Deposit boasts a historical resource estimate of 7.0Mt at 2.94% CuEq (Indicated) and 4.4Mt at 2.97% CuEq (Inferred), with significant expansion potential along strike and depth. With approximately $15.0 million in the treasury, the company is well-positioned to complete the remaining 16,500 meters of its 2024 drilling program, along with an additional 20,000 meters planned for 2025. These efforts will support an updated resource estimate and PEA to complete the B26 option.

Cash: CAD 15,000,000
Debt: NIL

Major shareholders:
Deluce Family – 12%
Management – 18%
Institutions – 9%
High Net Worth & Strategic Shareholders – 31%
Wallbridge Mining – 2%
Management Ownership – 18%

Financials

Management Profile

Jon Deluce – CEO & President, Director
Jon Deluce, a Chartered Accountant with over a decade in mineral exploration and capital markets, is the CEO responsible for marketing, financing, and corporate development. He has successfully negotiated partnerships with companies like Kirkland Lake Gold and Barrick. Previously, he was a Manager at Ernst & Young, working with senior gold producers. Jon is also part of a Family Office with 25 years in the exploration industry, known for strategic equity investments and board roles, including the successful takeover of Holmer Gold Mines by Lake Shore Gold.

Martin Demers P.Geo – Senior Geologist
Mr. Demers is a Professional Geologist with over two decades of experience focused on the Abitibi Gold Region of Quebec, Canada including Aurizon Mine Ltd’s Casa Berardi Mine. He was an integral member of the management team that contributed extensively to the company’s evolution from early-stage exploration to the commencement of mining operations and was the primary point of contact with senior mining analysts and investment bankers. In 2013 Hecla Mines (USA) acquired Aurizon for $796 million.

What is your rationale for taking part in 121 Mining Investment?

Abitibi Metals is entering an exciting phase of growth, underpinned by the continued success of its flagship B26 Polymetallic Copper Deposit. The company is well-capitalized, with $18 million in its treasury, and fully funded to execute its 50,000-metre drill program through 2024 and 2025. Attending the 121 Mining Investment event provides a strategic platform to connect with investors who recognize the value of high-grade copper and precious metal projects, especially as global copper supply shortfalls loom.

Meeting Investors: Abitibi is keen to engage with long-term investors who have a strong interest in critical metals, particularly copper, as the demand for this metal increases in the context of green energy transitions. Additionally, the company is interested in strategic partners who can support its aggressive exploration and expansion plans.

New Developments: The company has made significant strides with its drilling programs at B26, identifying high-grade mineralization both at surface and depth, supporting its goal of outlining both open-pit and underground potential. The upcoming year is pivotal, with a series of drill results and an updated resource estimate on the horizon. Abitibi Metals’ attendance at the event aims to share these exciting developments with potential investors.

In summary, Abitibi is seeking to attract investors who are aligned with its vision of aggressive resource expansion, while providing an opportunity to participate in one of the most promising copper deposits in a stable mining jurisdiction.

What recent news would you like to highlight to investors attending?

October 23, 2024 – Abitibi Metals Provides Operational Update and Outlines Phase II Exploration Strategy at B26

The 16,500-metre Phase II drill program is well underway at the B26 Polymetallic Deposit, with 10 holes completed covering 8,086 metres to date. The Company is focused on open-pit potential, including re-sampling and re-logging of historical drill holes to verify the continuity and possible extensions of mineralized zones.

Drillhole 1274-24-342 encountered significant mineralization over a 60-metre depth interval, part of a 400-metre step-out to test the Western Plunge target, with veinlets showing 1-2% disseminated chalcopyrite-pyrite, indicating copper-gold mineralization.

Abitibi Metals remains fully funded with $14 million to complete the 2024 work program and an additional 20,000 metres planned for 2025, which will contribute to a Preliminary Economic Assessment (PEA).

What are your key goals in 3 months, 6 months, 12 months?

3 Months:
Complete the remaining fully funded 16,500 m drilling

6 Months:
Initiate fully funded 20,000 m drilling program and update resource estimate

12 Months:
Complete 20,000 m drilling program and PEA

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Commodity Price Volatility: Fluctuations in copper prices could affect project economics.

Mitigation: Positioned to benefit from rising copper demand tied to green energy and operating in stable Quebec.

Exploration Risks: Uncertainty in drilling outcomes and potential delays.

Mitigation: Extensive drilling and geological work at the B26 Deposit have de-risked the project by expanding known resources.

What do you think makes your company such a compelling investment?

High-Grade Copper Project: The B26 Polymetallic Deposit hosts significant high-grade copper, gold, and zinc resources, with expansion potential at both surface and depth.

Strong Financial Position: With $15 million in the treasury, Abitibi is fully funded for its 50,000-metre drill program through 2025, de-risking its exploration and development.

Experienced Leadership: Backed by a skilled management team with a track record of successful transactions and strategic partnerships in the mining industry.

Stable Jurisdiction: Operating in Quebec, a world-class mining region, ensures regulatory stability and access to infrastructure

Aligned Management: Significant ownership by management and its family office aligns interests with investors, ensuring commitment to shareholder value.

What are the top 3 key investor takeaways?

Fully Funded: With $15 million in the treasury, Abitibi is fully funded to complete its 50,000-metre drill program through 2025, reducing financial risk and ensuring continuous project advancement.

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Aligned Management and Investor Interests: Significant ownership by management and the Deluce family aligns leadership with key investors like Frank Giustra and Greg Chamandy, driving focused execution and long-term value creation

Abitibi continues to demonstrate open pit and underground resource expansion potential. The Company is trading at an EV/CuEqlb basis of $0.04, relative to developer peers like Foran Mining who are above $0.60. Foran Mining is developing a similar VMS deposit (McIlvenna Bay) and trades at ~1600% premium relative to Abitibi’s B26 deposit on a CuEqlb basis