First Class Metals
Financials:
Primary ticker: LSE:FCM
Stage of development: Exploration
Primary minerals: Precious, Critical Metals
Project to promote: North Hemlo, Sunbeam, Zig Zag McKellar Enable
Project location: Canada
Website: www.firstclassmetalsplc.com
Corporate presentation: Click here
First Class Metals is a public listed company on the London Stock Exchange (standard segment) with it’s operational focus in Ontario Canada with 7 100 % owned highly prospective projects in the Hemlo/Schreiber greenstone belt and 1 project in the Atikokan (Sunbeam) area of Ontario exploring for Precious, base, battery and rare earth metals.
Included within the flagship North Hemlo property is an earn in JV with Palladium 1 Inc on the West Pickle Lake project. Palladium 1 have drilled on the West Pickle Lake JV project recently which has recorded some of the highest grades of Nickle Sulphide globally and data shows that mineralisation extends West onto the 100% owned First Class property.
Detailed historic reviews of all available information have or are being conducted.
South West from West Pickle Lake on the North Hemlo project First Class Metals has also identified numerous surface samples of gold including a 19.6g Au sample on the highly mineralised molybendum dead Otter lake trend. Molybendum is a pathfinder for gold prospectivity in the Hemlo Schreiber area. 20Km south of the Dead Otter Lake trend is the 23M oz producing Barrick Gold mine.
Cash: GBP£1M
Debt: NIL
Major shareholders:
Power Metals – 26%
Ayub Bodi – 15%
James Knowles – 15%
Asif Bodi – 5%
Afzal Valli – 5%
Management Ownership – 30%
Management Profile
Marc Sale – CEO
Marc is a corporate professional who has specialised in natural resources specifically precious and base metals with a focus on gold for over 25 years. He has worked on project assessments exploration & development in Africa, the Americas, Europe, and Australasia. Marc has held technical directorships for several listed and private companies, past & present including Brancote PLC and Landore Resources PLC. He has been integral in several discoveries, involved through to feasibility which have in instances advanced to production in Australia, Canada and Argentina including the multi million ounce discovery at Esquel and Cap Oeste. As a ‘Competent Person’ he is accomplished in preparation of Company reports and overseeing JORC/ NI43-101 reporting as well as the delivery of presentations to investors institutions and shareholders.
Ayub Bodi – Executive Director
Ayub has significant management experience in the O&G industry is a seasoned minerals exploration expert with private company exposure in the UK, & worldwide.
What is your rationale for taking part in 121 Mining Investment?
We are marketing our projects & raising industry and retail awareness. We aim to attract JV partnerships, equity financing early next year to further develop our world class projects.
What recent news would you like to highlight to investors attending?
4th Oct 2022, Sunbeam gold project acquisition, results inc 93.3g/t Au over 0.44m
29th Nov 2022, Discovery of high grade Nickle Sulphides on WPL,12.8% Ni Eq over 2.3m
26th Jan 2023, Gold & Molybendum trend identified on North Hemlo 19.6g/t Au
9th March 2023 Zig Zag High grade Lithium property Earn in
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Further ground exploration, permit approvals and plan for drill programme
6 Months:
Drilling on North Hemlo
12 Months:
Further drilling on North Hemlo, Zig Zag & Sunbeam
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Market volatility is concerning yet we continue to explore our high quality projects and add value.
What do you think makes your company such a compelling investment?
Exploration in World class Tier 1 jurisdiction with major companies operating mines nearby
What are the top 3 key investor takeaways?
Tier 1 Jurisdiction, experienced management team & world class exploration projects