Nuvau Minerals
Primary ticker: Private
Stage of development: Development
Primary minerals: Polymetallic, Primarily Copper and Zinc
Project to promote: Matagami Mining Camp
Project location: Canada
Website: www.nuvauminerals.com
Nuvau Minerals Corp, a private mining company, that is working to restart mining operations at Quebec’s Matagami Mining Camp. The property is well located in the world renowned Abitibi greenstone belt. Nuvau will have 100% ownership of this impressive property through an earn-in agreement with Glencore. Planning to go public in 2024, Nuvau has already secured C$20.7 million through private placements, boasting a number of key high-profile shareholders. Matagami’s 1,300 square kilometer land package boasts significant volcanic massive sulfide deposits, with the current exploration program already yielding two significant discoveries, further demonstrating the property’s prospectivity. The NI43-101 technical report recently completed by Nuvau, confirms a robust mineral resource at Caber Complex, projecting a 9 ½-year mine life. Existing infrastructure, including a 3,000 tpd mill and a permitted mine, allows Nuvau to minimizes capital requirements for a production restart. The company targets production restart, revenue generation, and ongoing exploration for shareholder value.
Management Profile
Peter van Alphen, President and CEO
Founding the company together with Ewan Downie, Peter brings over 25 years experience in progressive leadership roles at mining operations ranging from both a corporate, project construction and operations. Most recently COO of Premier Gold Mines Ltd, where he oversaw Premier’s mining and development projects.
Previously served as Country Manager for Canada at Pan American Silver, VP of Operations for Tahoe Resources, and VP of Operations for Lake Shore Gold. He was also involved in various management positions with FNX Mining in Sudbury, with the building of Podolsky Mine and reopening of Levack Mine.
What is your rationale for taking part in 121 Mining Investment?
Nuvau is working to raise additional financing for the continued development of the Matagami property in Quebec. As a private company that is working to go public, this is an ideal venue to provide potential investors with an insight into the company
What are your key goals for the next 3, 6 and 12 months?
3 Months:
Complete the planned financing and advance the company closer to being publicly traded.
6 Months:
Continue with the aggressive exploration of the Matagami property while also continuing to advance the restart of production from the property in the near term.
12 Months:
Over the next 12 months we are looking to complete a 25,000m drill program aimed primarily at the exploration of our two discoveries, Renaissance and the McLeod Extension. This exploration program, as well as the work planned to advance the engineering and permitting required for a production restart, over the next 12 months will see the completion of the earn-in agreement with Glencore, resulting in Nuvau being the 100% owner of the property.
What do you think makes your company such a compelling investment?
What sets Nuvau apart from it’s peer group is the quality of the Matagami asset, not just from the perspective of the exploration potential on the property but also the fact that we already have resources identified that will allow for over 10 years of mine life. These significant differentiators that Nuvau offers is then further enhanced by the ownership of the existing infrastructure on the property, this includes the permitted 3,000 tpd mill as well as the permitted and built Bracemac McLeod mine. All this combined make Nuvau a very compelling investment that will see significant shareholder value added through both exploration and the near term restart of the production from the property with a very low start up CAPEX requirement.
What are the top 3 key investor takeaways?
– A Quebec property with a significant land package in the Abitibi with demonstrated opportunities for on going exploration success.
– With existing resources, the company has demonstrated the near term production potential of the property
– The quality infrastructure on the property allows for a very executable plan, to get the property back into production in the near term