Callinex Mines

Financials:

Primary ticker: TSXV:CNX, OTC:CLLXF
Stage of development: Exploration, Development
Primary minerals: Gold, Silver, Copper, Zinc
Project to promote: Flin Flon, Pine Bay, Nash Creek
Project location: Canada
Website: www.callinex.ca

Corporate presentation: Click here

Callinex Mines Inc. (TSXV: CNX) (OTCQX: CLLXF) is advancing its portfolio of base and precious metals rich deposits located in established Canadian mining jurisdictions. The focus of the portfolio is highlighted by the rapidly expanding Rainbow Discovery at its rich VMS Pine Bay Project located near existing infrastructure in the Flin Flon Mining District.

 

The second asset in the portfolio is the Nash Creek Project located in the VMS rich Bathurst Mining District of New Brunswick. A 2018 PEA generates a strong economic return with a pre-tax IRR of 34.1% (25.2% post-tax) and NPV8% of $230 million ($128 million post-tax) at $1.25 Zinc. 

 

The third asset, 100% owned Point Leamington Deposit in Newfoundland, is located in one of the richest VMS and Gold Districts in Canada. Callinex prepared a pit constrained Indicated Mineral Resource of 5.0 Mt grading 2.5 g/t AuEq for 402 koz AuEq (145.7 koz gold, 60.0 Mlb copper, 153.5 Mlb zinc, 2.0 Moz silver, 1.5 Mlb lead), an pit constrained Inferred Mineral Resource of 13.7 Mt grading 2.24 g/t AuEq for 986.5 koz AuEq (354.8 koz gold, 110.2 Mlb copper, 527.3 Mlb zinc, 6.2 Moz silver, 7.0 Mlb lead) and an out-of-pit Inferred Mineral Resource of 1.7 Mt grading 3.06 g/t AuEq for 168.5 koz AuEq (65.4 koz gold, 13.3 Mlb copper, 102.9 Mlb zinc, 1.4 Moz Ag, 2.6 Mlb lead).


Cash
$3.9M (June 22) 
Debt:
NIL


Major shareholders:
Resource Capital Funds – 6%
Delbrook Capital Advisors – 4%
Management & Associates – 25%

Management Profile

Max Porterfield – President and CEO
Mr. Porterfield, located in Vancouver, is an executive with over a decade of experience within natural resources and financial markets. Previously, Mr. Porterfield managed investor relations for two well respected resource companies, Brazil Resources Inc. and Uranium Energy Corp. In addition, Mr. Porterfield was previously Vice-President of Institutional Services at U.S. Global Investors, a boutique investment management firm with a longstanding history of expertise in precious metals and natural resources. He is a graduate of Texas Tech University, with a bachelor’s degree in business administration.

What is your rationale for taking part 121 Mining Investment?

We are looking to meet with investors who are interested in value opportunities within the base and precious metal space.

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

September 19, 2022 –  Callinex Intersects 33.67m of 4.29% Copper and Other High-Grade Intervals at the Rainbow Deposit located in the Flin Flon Mining District, MB 

 

September 7, 2022 – Callinex Discovers the Alchemist: New High-Grade Copper, Zinc, Gold and Silver Deposit at the Pine Bay Project, MB

 

July 19, 2022 – Callinex Provides Update on Drilling to Define High-Grade Copper Rainbow Deposit and Test Priority Targets in the Flin Flon Mining District, MB

 

April 27, 2022 – Callinex Commences Drilling to Define High-Grade Copper Rainbow Deposit and Test Priority Targets in the Flin Flon Mining District of Manitoba

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

Long-term commodity prices are the most significant risk factor and as we are able to continue to expand existing deposits and make discoveries this is anticipated to lead to lower operating costs and a larger scale mining operation in the future.

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

Callinex has a strong exploration team with experience in discovery numerous world class polymetallic VMS deposits. We are focused on making discoveries to grow the existing deposits to economic scale as well as make new discoveries within close proximity to infrastructure where there is an immediate need for new feed.