C3 Metals Inc. is a mineral exploration company focused on creating substantive value for its shareholders through the discovery and development of large copper and gold deposits. The Company holds approximately 30,000 hectares located in the prolific high-grade Andahuaylas-Yauri Porphyry-Skarn belt of Southern Peru. Mineralization at Jasperoide is hosted in a similar geological setting to the nearby major mining operations at Las Bambas (MMG), Constancia (Hudbay) and Antapaccay (Glencore). At Jasperoide, the Company has identified over 15 skarn prospects and an outcropping porphyry system over two parallel 28km belts. The Company has published a maiden resource estimate on the first of these skarn targets, which contained Measured & Indicated Resources of 52Mt at 0.5% copper and 0.2 g/t gold. The Company is also actively exploring in Jamaica where it has identified 16 porphyry, 40 epithermal and multiple volcanic redbed copper prospects over a 30km strike extent. The Company holds a 100% interest in 17,855 hectares of exploration licenses and a 50% interest in 9,870 hectares in a joint venture with Geophsyx Jamaica Ltd, the largest mineral tenure holder in the country. Barrick Gold Corp. announced on May 1, 2024 that it had entered into an earn-in agreement with Geophysx Jamaica Ltd. on approximately 400,000 hectares of exploration licenses, several of which surround C3 Metals’ mineral concessions. Mining is currently the second largest industry in Jamaica, and historical mining dates back to the colonial eras of the 1500s (Spanish) and 1800s (British).
Cash: CAD$5.5M
Debt: NIL
Major shareholders:
Ingalls & Snyder – 17%
Equinox Partners – 8%
Konwave – 5%
Resource Capital Funds (RCF) – 4%
Aegis Financial – 2%
Management Ownership – 7.0%
3 Months:
To have investors understand the C3 Metals’ asset portfolio opportunities and our vision and strategy to unlocking maximum potential for shareholders.
6 Months:
Initial drill results from high-grade epithermal gold system at past producing mine that ran 20.4 g/t gold.
12 Months:
To have drill programs operating on multiple greenfields copper-gold skarn and porphyry prospects, as well as a high-grade epithermal gold brownfields project within our portfolio.
Our current NI 43-101 mineral resource should provide a floor for value, while over the next 18 months, the prospect to quickly gain momentum through a new, meaningful copper-gold discovery is high. Strong technical team and board with long of history of success.