Millrock Resources
Financials:
Primary ticker: TSXV:MRO, OTCQB:MLRKF
Stage of development: Exploration
Primary minerals: Gold, Copper, Nickel, Platinum Group Elements
Project to promote: 2022 will be a big year of drilling and discovery opportunity! Millrock provides exposure to a basket of exploration projects. The company is a project generator focused on discovery and development of high value metallic mineral deposits in two jurisdictions with outstanding potential: the State of Alaska and Sonora State, Mexico. We reduce the inherent risk in early-stage exploration by forming partnerships with mining companies that fund most our exploration work. We retain interests in our projects, exposing our shareholders to the possibility of strong share price increase at low risk. Earn-in partners have budgeted in excess of 19,000 meters on six projects in which Millrock has a direct interest, a shareholding interest, and/or a royalty interest. Discovery success this year should propel Millrock’s share price higher
Project location: Alaska USA and Sonora Mexico
Website: www.millrockresources.com
Cash: CAD$1.2M
Debt: Nil
Major shareholders:
Strategic Investors – 15%
RedPlug Capital – 20%
Sprott Global & clients – 9%
EMX Royalties – 8%
Management Ownership – 6%
Management Profile
Greg Beischer – President and CEO
Mr. Beischer is a seasoned explorationist with a solid track record of success, previously with Inco Ltd., and the Bristol Bay Native Corporation. He is a geologist and mining engineering technologist having graduated from Laurentian University (1987), Sudbury, Ontario, and the Haileybury School of Mines (1981), Haileybury, Ontario. Mr. Beischer is a certified professional geologist (#10505) with the American Institute of Professional Geologists. Mr. Beischer is the past President of the Alaska Miner’s Association, and serves on the Alaska Minerals Commission.
What is your rationale for taking part 121 Mining Investment?
Millrock seeks to elevate its profile amongst investors for market buying. Millrock is planning an equity raise in Q2 2022 and is looking for a major new investor.
What recent news would you like to highlight to investors attending?
Millrock has acquired a new nickel-platinum group element project that is attracting attention, and it has formed several new partnerships with mining companies funding our exploration work. Exploration budgets, all partner-funded, will exceed US$8 million in exploration work including at least 19,000 meters of drilling on project in which Millrock holds a direct, equity and/or royalty interest. We will be highlighting the many targets that we anticipate will be drilled in 2022. Each drill hole presents the possibility of a brand new mineral deposit discovery.
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Key Highlights – Anticipated 2022 Activity:
Drilling on at least five and perhaps as many as six projects in which Millrock has direct, equity and/or royalty interests.
6 Months:
Complete initial drilling on two different projects and publish results.
12 Months:
Complete drilling programs on at least four different projects (and with a little luck) announce new discoveries!
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Main risk is low treasury. Therefore we plan an equity raise.
What do you think makes your company such a compelling investment?
Exposure to discovery success and share price increase with low risk since almost all exploration funding comes from partner companies. Lots of chances for discovery in 2022!
What are the top 3 key investor takeaways?
Project Generator – Early Stage Exploration Specialists.
Numerous projects funded by partners.
At least five projects to be drilled in 2022 so numerous chances at mineral deposit discovery and share price increase.