Lumina Gold

Primary ticker: TSXV:LUM
Stage of development: Development
Primary minerals: Gold, Copper
Project to promote: Cangrejos

Live financials

Lumina Gold is advancing and de-risking its Cangrejos gold-copper project in southwest Ecuador. Cangrejos has an inferred gold and copper resource of 8.5 Moz and 1 Blbs. The 2018 PEA outlined a 16 year mine life with over 370koz of gold production per year and a US$920M NPV at US$1,300 gold. The company is currently drilling with four rigs and will update its resource estimate in 2019. The new resource estimate will include Gran Bestia, a satellite deposit less than 1km away that is not included in the current resource. The resource update will also include other step-out and infill drilling, which should transition a substantial amount of the inferred to indicated. Cangrejos will advance to its next phase of economic study post its 2019 resource update.

Management Profile

Marshall Koval – CEO

Experienced mining executive who has worked at all of the Lumina Group’s companies since the early 2000’s. Mr. Koval holds a BSc. in Geology from the University of Missouri and is a registered professional geologist.

Scott Hicks – VP Corp. Dev.

10 years of investment banking experience at BMO and RBC. Has been with the Lumina Group since 2017.

What is your rationale for attending 121 Mining Investment?

Increasing market support for an under followed name.

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

Jan 29, 2019 – Lumina Gold Announces Second Mineral Deposit at Cangrejos
April 11, 2019 – Lumina Gold Hits the Longest Continuous Intersection To Date, Opens Gran Bestia to the North
May 28, 2019 – Lumina Gold Drills Best Gran Bestia Hole to Date in the Center of the Deposit

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

6 Months:
New resource at the project, which will include Gran Bestia, a satellite deposit not in the current resource.

12 Months:
The next level of economic study.

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

Working to educate people on political risk in Ecuador and delineate specific areas of the country.

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

A top 15 global gold development project in scale that will continue to grow. The project has all the ingredients to become a successful mine, infrastructure, power, water, etc.