Kopy Goldfields

Website: kopygoldfields.com
Primary ticker: FRA:0KR; Nasdaq First North Growth Market (SSME): KOPY
Stage of development: Exploration, Development
Primary minerals: Gold
Project to promote: Krasny-project: 1.8 Moz of gold (Feasibility-stage); Maly Patom-project: Greenfield-project with huge potential (drilling-stage)

Live financials

Kopy Goldfields AB is a Swedish gold exploration company listed at NASDAQ. The company operates in Russia, developing three projects and holding 2,248 km2 of exploration ground.

“Krasny” project was discovered by the Company in 2011 and developed since 2014 as a JV with GV Gold. Following 85,000 meters core drilling program led by the Company, 1.8 Moz of I&I JORC gold resources were reported last year. For sale.

“Maly Patom” is a highly prospective project with an area of 1,940 km2 in historic alluvial region where the Company pioneers to drill for bedrock gold. Looking for partners to develop.

Management Profile

Mikhail Damrin – CEO

Joined Kopy Goldfields in 2009. Mikhail holds MSc degree in mechanical engineering (Russia), a BSc degree in Mining engineering (Russia), MBA degree (UK). During 2007-2008, Mikhail worked for Central Asia Gold AB as project manager responsible for corporate development and planning. He previously held top management positions at West Siberian Resources and Vostok Nafta Investment Ltd.

Tim Carlsson – CFO

Joined Kopy Goldfields in 2011. Tim holds a MSc degree in Business (Sweden) as well as language and business studies in Russia and Germany. During 2005 – 2011, Tim worked for KPMG Sweden as Authorized Public Accountant.

What is your rationale for attending 121 Mining Investment?

We look for partners and investors to develop new and existing gold projects in Russia

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

19/06/2019: Krasny scoping study results
18/09/2019: Financing MSEK 15
27/09/2019: Start of exploration drilling at Maly Patom

What are your key goals for the next 3, 6 and 12 months?

3 Months:

Complete Maly Patom drilling program and make a gold discovery

6 Months:

Sign Term Sheet to divest Krasny project
Release first maiden gold resorce estimation for Maly Patom project

12 Months:

Complete Krasny sale and get significant revenues
Proceed with Maly Patom exploration to resorces

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

Lack of financing to procced with explorations. To mitigate this, we raised MSEK 15 debt in September 2019 and proceed with equity financing. In addition, we have a receivable of MUSD 6 from a previous sale of an exploration asset, which falls for payment during 2020-2021.

In a sentence, what do you think makes your company such a compelling investment?

With a market cap of MUSD 11, one 1.8 Moz gold project ready for sale and another promising project being in the exploration phase, Kopy Goldfields is well positioned for a value increase. We have a track record of >10 years succesful exploration in one of the most prospective worldwide gold provinces, Lena Goldfields. The area is currently producing 0.5% of the annual global gold output, which will increase to 2% with the announced start of the Sukhoy Log mine (60 Moz deposit) in the mid-2020s. Kopy Goldfields has a land position corresponding to 31% of the total gold properties in the area.