Pacific Ridge Exploration
Financials:
Primary ticker: TSXV:PEX, OTCQB:PEXZF
Stage of development: Exploration
Primary minerals: Copper, Gold
Project to promote: Kliyul copper-gold project in B.C.
Project location: Canada
Website: www.pacificridgeexploration.com
Corporate presentation: Click here
Our goal is to become British Columbia’s leading copper-gold exploration companies. Pacific Ridge’s flagship project is the Kliyul copper-gold project, located in the prolific Quesnel Trough. In addition to Kliyul, the Company’s project portfolio includes the RDP copper-gold project (optioned to Antofagasta, one of the world’s largest copper miners), the Chuchi copper-gold project, the Onjo copper-gold project, and the Redton copper-gold project, all located in B.C.
Cash: CAD$7.5M
Debt: NIL
Major shareholders:
Crescat – 13%
Delphi – 11%
Extract – 5%
Management ownership – 6%
Management Profile
Blaine Monaghan – President and CEO
Mr. Monaghan has a proven track record of creating shareholder value in the mining industry and has raised more than $100 million for exploration projects around the globe. Blaine has worked with a number of companies that were subject to M&A, including Canplats Resources Corp., Nu Energy Uranium Corp., True Gold Mining Inc., Western Prospector Group Ltd., and Wheaton River Minerals Ltd. Mr. Monaghan holds an MBA from Royal Roads University, a Bachelor of Arts degree from Simon Fraser University and a diploma in public relations from the Public Relations Institute of Ireland.
What is your rationale for taking part in 121 Mining Investment?
Interested in meeting with portfolio managers, family offices, and high-net worth investors to raise interest and awareness in Pacific Ridge.
What recent news would you like to highlight to investors attending?
March 6, 2023 – Pacific Ridge options Chuchi South project
January 18, 2023 – Pacific Ridge drills 328 m of 0.67% CuEq at Kliyul
January 9, 2023 – Pacific Ridge drills 59.4 m of 1.68% CuEq at RDP
December 19, 2022 – Pacific Ridge closes $6-million bought deal
What are your key goals for the next 3, 6 and 12 months?
3 Months:
Launch fully funded drill program at the Kliyul copper-gold project and the RDP copper-gold project (RDP program to be funded by Antofagasta).
6 Months:
Continued drilling at Kliyul and RDP. Launch fully funded inaugural drill program at Chuchi copper-gold project.
12 Months:
Secure a corporate strategic investor.
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Key risks and challenges: Funding and First Nations. We currently have $7.5M in the treasury, which means that our 2023 exploration plans at Kliyul and Chuchi are fully funded. Further, we are partnered with Antofagasta, one of the world’s largest copper miners, who is funding exploration at RDP. Relationships with local First Nations are strong and we have agreements in place.
What do you think makes your company such a compelling investment?
Strong treasury ($7.5M). Three copper-gold porphyry projects to be drilled in 2023. Partnered with one of the world’s largest copper miners.
What do you think makes your company such a compelling investment?
1) Strong treasury ($7.5M).
2) Three copper-gold porphyry projects to be drilled in 2023.
3) Partnered with one of the world’s largest copper miners.