KORE offers exposure to precious metals exploration and development in North America. KORE owns 100% interests in the Imperial and Long Valley gold development projects, located in California, USA and the FG Gold and Gold Creek exploration projects, located in the Cariboo region of British Columbia, Canada. Combined, the Company’s projects boast multimillion ounce gold development opportunities. Each of the development projects has the potential to host near-surface, open pit, heap leachable gold deposits. Our exploration projects demonstrate strong discovery potential in an established mining district. The Projects combine low technical risk and high advancement potential.
Adrian Rothwell, President & CEO
Mr. Rothwell has over 20 years of experience in the mining and metals sector. He is currently a director of Fireweed Zinc Ltd. Previously, he served as Director, Strategy at Goldcorp Inc., and was Chief Financial Officer of NuLegacy Gold Corp, Kiska Metals Corp. and MBMI Resources Inc. He is a British Columbia Chartered Professional Accountant and a member of the Chartered Accountants of Australia and New Zealand.
James Hynes, Chairman & Chief Operating Officer
Mr. Hynes is a geological engineer, having worked as head of exploration for Lafarge Northwest Division and serves as Board member for various companies in the mining sector. With over 15 years in the mining and metals sector, his experience includes preliminary resource identification, resource evaluation and testing, reserve calculations, and financial analysis. Mr. Hynes is a founder of Reperio Resources Corp. Mr. Hynes holds a Bachelor of Science in Engineering (1999) specializing in geological and geotechnical engineering from the University of New Brunswick.
What is your rationale for attending 121 Mining Investment?
Increasing exposure to European and US investors. We will be marketing a private placement and searching for strategic investment in the Company to assist with the advancement of the Imperial Project and potential investment in the balance of our exploration portfolio.
What recent news would you like to highlight to investors attending?
The 100% owned Imperial project is a high margin, oxide gold development with low cost open pit (“OP”) mining and cyanide heap leaching (“HL”) methods. The proposed project concept is similar to other mines in the area, namely the closed Picacho Mine and operating Mesquite Mine.
Being far-removed from communities and subsided in local topography, the impact on viewscapes is limited to the immediate project area.
Accordingly, the Company expects to promptly advance the Imperial project through permitting and toward production.
What are your key goals for the next 3, 6 and 12 months?
Marketing KORE and completing internal updated engineering on the Imperial Project. Additionally, we will be seeking and closing additional strategic investment to ensure KORE remains in a strong financial position.
Preparation of an updated Plan of Operations and submission of formal permitting documents to the US Bureau of Land Management on the Imperial Project.
Being adjacent to existing mining operations, and in a mining-friendly County in the USA, we anticipate that this project is a strong candidate for strategic opportunities. Management will be reviewing all options available to the Company.
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
By far, the largest challenge to date has been access to sufficient capital to ensure KORE remains in a strong fiscal position throughout our permitting and development process. We have been working on a strategic investment to remedy this.
What do you think makes your company such a compelling investment?
Quality of our project portfolio, the options available for strategic transactions at the project and corporate level as well as experience of our team in achieving the best results for our shareholders. Our valuation is currently low for a development-stage company with such a high quality portfolio. With some advancement on permitting, I would anticipate some re-rating of our stock in a fairly short period of time.