Ascot Resources

Primary ticker: TSX:AOT, OTCQX:AOTVF
Stage of development: Development
Primary minerals: Gold
Project to promote: Premier Gold Project
Project location: Canada
Website: ascotgold.com

Ascot Resources is a Canadian mineral development company publicly traded on the Toronto Stock Exchange. Our focus is to re-start the processing plant at the historic Premier gold mine, a mine once named North America’s largest gold mine. The site is located just 25 kilometres from the town of Stewart, in northwestern British Columbia in a proliﬁc area known as the Golden Triangle.

Cash: CAD 119M
Debt: USD 14M

Major shareholders:
Ccori Apu – 19.5%
Franklin Advisers – 7.3%
Fidelity – 6.8%
Eric Sprott – 3.7%
Ruffer – 3.1%
Management Ownership – 0.4%

Financials

Management Profile

Derek White – President & CEO
Derek White has over 30 years of experience in the mining and metals industry. He holds an undergraduate degree in Geological Engineering from the University of British Columbia and is also a Chartered Accountant. Prior to joining Ascot Resources Ltd. Mr. White, was the Principal of Traxys Capital Partners LLP, a private equity firm specializing in the mining and minerals sectors. Mr. White was President and CEO of KGHM International Ltd. from 2012 to 2015, and also held the positions of Executive Vice President, Business Development and Chief Financial Officer of Quadra FNX Mining Ltd.

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

Targeting HNW and family offices we wouldn’t otherwise meet from institutional broker coverage and marketing.

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

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

3 Months:
Complete outdoor earthworks construction activities and complete new water treatment plant

6 Months:
Pour first gold in March 2024

12 Months:
Ramp up to commercial production by mid-2024

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

Project delays have been challenging so far. Managing delays and associated cost impacts is crucial.

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

We are Canada’s next gold producer. There is a distinct lack of new gold mines coming online in the next few years. We would hope to re-rate higher once cash flow is achieved. Past precedents have generally doubled the index as they reach production.

What are the top 3 key investor takeaways?

Canada’s next gold producer, attractive scalability in production, and plenty of exploration upside to expand the mine life.