Apollo Silver
Primary tickers: TSXV:APGO, OTCQB:APGOF, Frankfurt:6ZF0
Stage of development: Exploration, Development
Primary mineral: Silver
Project to promote: Calico Silver Project
Project location: USA
Website: apollosilver.com
Apollo Silver is a TSX-V listed company which controls the US’s third largest advanced pure silver resource at their Calico Silver Project. Recently Apollo announced an updated mineral resource of 110 Moz of silver in Measured and Indicated categories with an additional 51 Moz of silver in the Inferred category at Calico. In addition to advancing Calico toward development, the company is actively seeking to add to its project portfolio, with a focus on Silver projects in Tier 1 jurisdictions.
Cash: CAD$5M
Debt: NIL
Major shareholders:
Jupiter Asset Management – ~9%
Sprott Asset management – ~2.3%
Financials
Management Profile
Tom Peregoodoff, President, Chief Executive Officer & Director
Mr. Peregoodoff has over 30 years of resource exploration and development industry experience. Currently he is President, CEO and a Director of Apollo Silver Corp. Prior to this he was President and CEO of Peregine Diamonds Ltd. where he led the company from the resource development phase and initial engineering through to the eventual sale to DeBeers Canada. Prior to Peregine, Mr. Peregoodoff spent 18 years in several positions with the mining multinational BHP, culminating in his role as Vice President of Early Stage Exploration, with responsibility for all early stage exploration globally and across their commodity groups. He is currently a director of TSX-V listed American Copper Development Corp, ASX listed American West Metals Ltd. and is a Board Advisor for TSX-V listed Arizona Silver Exploration Inc. Mr. Peregoodoff holds a BSc. in Geophysics from the University of Calgary.
What is your rationale for taking part in 121 Mining Investment?
What recent news would you like to highlight to investors attending?
May 2, 2023 – Apollo Confirms High Quality Barite at Calico
Apr 21, 2023 – Apollo Files N.I. 43-101 Technical Report for Calico Silver Project Updated Mineral Resource Estimate
Mar 6, 2023 – Apollo Declares 110 Million Ounces Silver in Measured and Indicated Resource for Waterloo Property
Mar 2, 2023 – Apollo Presents its Maiden 2022 ESG Report
Feb 23, 2023 – Apollo Announces Preliminary Results for Metallurgical Testing, Showing Favorable Silver Recoveries for the Calico Project
Feb 14, 2023 – Apollo Defines Gold Mineralization over 1,000 metre Strike Length at Calico
Feb 1, 2023 – Apollo Reports Final Silver Intercepts from the Calico 2022 Drill Program
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Finalize 2023/2023 exploration plans for Calico.
6 Months:
Increase project portfolio, commence work at Calico.
12 Months:
Complete initial engineering studies.
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
1) Market volatility – Carefully managing our treasury and adjusting financing plans to suit.
2) Market perception of mining in California – Helping educate investors on mining in California and the importance of silver in the development of renewable energy. Seeking to diversify geographically
What do you think makes your company such a compelling investment?
1) Tremendous leverage to increased silver demand
2) Calico is significantly de-risked
3) Stable jurisdiction
4) Private lands with vested mining rights reduces permitting timelines