American Pacific Mining Corp

Primary ticker: CSE:USGD, OTCQX:USGDF
Stage of development: Exploration, Development
Primary minerals: Copper, gold, zinc, silver
Project to promote: Palmer, Madison
Project location: USA
Website: www.americanpacificmining.com

American Pacific Mining Corp. is a precious and base metals explorer and developer focused on opportunities in the Western United States. The Company has two flagship assets: the Palmer Project, a Volcanic Massive Sulphide-Sulphate (VMS) project in Alaska, under joint-venture partnership with Dowa Metals & Mining, owner of Japan’s largest zinc smelter; and the Madison Project, a past-producing copper-gold project in Montana. For the Madison transaction, American Pacific was selected as a finalist in both 2021 and 2022 for ‘Deal of the Year’ at the S&P Global Platts Metals Awards, an annual program that recognizes exemplary accomplishments in 16 performance categories. Also, in American Pacific’s asset portfolio are high-grade, precious metals projects located in key mining districts in Nevada, USA, including the Ziggurat Gold project and the Tuscarora Gold-Silver project. The Company’s mission is to grow by drill bit and by acquisition.

Cash: CAD 6M
Debt: NIL

Major shareholders:
Michael Gentile 12%
Institutions 15% (Merk, Ixios, Palos, Intact)
Warwick Smith 4%
Eric Saderholm 0.45%
Management Ownership – 5%

Financials

Management Profile

Warwick Smith

CEO & Director

Warwick Smith is a seasoned venture capitalist with decades of experience in leadership, corporate finance and M&A with a focus on the resource sector since 1999.

At just 30 years old, Warwick was a founding shareholder of Riverside Resources Inc. before becoming CEO of Western Pacific Resources Corp. at age 33 where he successfully negotiated the transaction to acquire the Deer Trail Mine (now operated by MAG Silver).

As current CEO and Director of America Pacific Mining Corp., Smith negotiated the transaction to purchase the past-producing Madison Mine in Montana, a joint venture, earn-in agreement with major, Rio Tinto, a transaction that has subsequently been nominated for the S&P Global Platts Deal Of The Year for 2021.

Subsequently, Mr. Smith lead American Pacific in its takeover of Constantine Metals. This acquisition brought the Palmer Project, a 14 million tonne VMS project in Alaska, under partnership with Dowa Mining and Metals into the fold.

In 2022 Mr. Smith was nominated for CEO of the Year by S&P Global Platts.

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

Seeking investors who will buy in the market and long institutional/individual investors.

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

Initial drill results from Phase I drilling at Madison Copper-Gold Project (September 4, 2024)

-38.25 m of 1.28% Cu and 1.22 g/t Au (2.34% Cu Eq)**, including 2.08% Cu and 2.43 g/t Au over 7.86 m

-32.71 m of 3.15 g/t Au, including 7.32 m of 9.90 g/t Au; and 45.45 m of 0.96% Cu, including 16.00 m of 2.02% Cu

-1.04 g/t Au over 17.04 m within a broader mineralized envelope of 32 mat 0.76 g/t Au. Multiple zones of Cu mineralization with 0.43% Cu over 17.37 m, including 1.39% Cu over 3.05 m

Latest drill results from drilling at Palmer Copper-Zinc VMS Project included the highest grade copper intercept ever drilled at Palmer (January 10, 2024)

-43.8 m grading 6.54% Cu, 3.15% Zn, 0.42 g/t Au and 27.97 g/t Ag (8.22% CuEq)

-37.1 m grading 4.57% Cu, 8.44% Zn, 0.50 g/t Au and 29.33 g/t Ag (8.40% CuEq)

-33.2 m grading 5.48% Cu, 7.22% Zn, 0.64 g/t Au and 36.78 g/t Ag (8.95% CuEq)

-9.03% Cu, 3.49% Zn, 0.83 g/t Au and 41.75 g/t Ag (11.15% CuEq)

Results are pending from on 2024 drill program at Palmer.

**The copper equivalence estimate used for APMMAD24-02 is assumed to be in-situ using US$2,350 per ounce gold and $3.95 per pound copper.

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

3 Months:

Results from two summer exploration/drill programs at both Palmer and Madison Projects as part of a CAD $20M 2024 budget

Further potential JVs and M&A

6 Months:

Continue exploration of projects based on drill bit success.

12 Months:
See above.

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

Typical exploration risk, unfavourable market conditions

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

Significant news flow for 2024 from multiple projects, including:

US $12.8M partner funded (Dowa Mining and Metals) exploration budget for Palmer VMS project in Alaska-Results in H2, 2024 (American Pacific receives 7% management fee as operator)

Additional exploration results from 100%-owned Madison Copper-Gold project in Montana-H2, 2024

What are the top 3 key investor takeaways?

-Tier-one partner (Dowa Mining and Metals)

-Large (mainly) partner funded budget (~CAD $20M for 2024) offers significant news flow without share dilution

-Robust treasury with additional income from 7% management fee paid by partner on Palmer

-Targeting high-grade projects in pro-mining jurisdictions of Western US (Nevada, Montana, Alaska)

-Strong key shareholders (Michael Gentile, Merk, Ixios, Palos, Intact)