Troilus Gold
Financials:
Primary ticker: TSX:TLG, OTCQX:CHXMF, FRA:CM5R
Stage of development: Exploration, Development
Primary minerals: Gold, Copper
Project to promote: Troilus Project
Project location: Quebec, Canada
Website: www.troilusgold.com
Troilus Gold Corp. is focused on the systematic advancement and de-risking of a former gold and copper mine in Quebec, Canada, towards production. Since the Company formed in 2018, the gold and copper resources have grown by 195%, from 2.75 million ounces to 8.11 million gold equivalent ounces. This is expected to grow further with a new resource calculation, along with a Pre-Feasibility Study targeted for late September 2022. With ~US$350M of installed infrastructure and a 2020 economic study that places Troilus among the top 5 gold producers in Canada today, Troilus is positioned to become a cornerstone project in North America.
Cash: CAD$20M
Debt: NIL
Major shareholders:
Investment Arm of Quebec Govt – ~10%
Franklin – ~6%
Ruffer – ~2.5%
Sprott – ~2.5%
Maple Leaf Funds – ~2.5%
Management Ownership – ~8%
Management Profile
Justin Reid – CEO/Director
Mr. Reid is a geologist and capital markets executive with over 20 years of experience focused exclusively in the mineral resource space. Mr. Reid started his career as a geologist with Saskatchewan Geological Survey and Cominco Global Exploration after which he became a partner and senior mining analyst at Sprott/Cormark Securities in Toronto. He was then named Executive General Manager at Paladin Energy, where he was responsible for leading all merger and acquisition, corporate and market related activities. He is the former Managing Director Global Mining Sales at National Bank Financial, where he directed the firm’s sales and trading in the mining sector. Most recently, he acted as President and Director of Sulliden Gold Corporation, until its acquisition by Rio Alto Mining in 2014 and was Managing Director at Aguia Resources Ltd. from 2015 to 2019. He holds a B.Sc from the University of Regina, a M.Sc from the University of Toronto and an MBA from the Kellogg School of Management at Northwestern University.
What is your rationale for taking part in 121 Mining Investment?
Seeking to broaden our investor base in new territory
What recent news would you like to highlight to investors attending?
Updated Mineral Resource Estimate (to include last +2 yrs of drilling): September 2022
Pre-Feasibility Study Results: September 2022
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Advance Engineering studies and permitting process, while actively drilling.
6 Months:
Completion of a Definitive Feasibility Study, actively drilling and advancing permitting process.
12 Months:
Company could begin to obtain permits.
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Inflationary environment: Increasing costs to build the mine, however past-producing site with ~US$350 million worth of infrastructure helps to mitigate this risk.
Permitting timeline: Unexpected delays are always a risk for development-stage mining companies, however we are lucky to be in an established mining jurisdiction with a well defined and predictable permitting process.
What do you think makes your company such a compelling investment?
Significantly undervalued (8.1million ounce resource valued at under $10/ounce), with several near-term catalysts triggering high re-rate potential, including an updated mineral resource estimate and Pre-Feasibility Study in September 2022. Experienced team with extensive capital markets and mine development/construction experience.
What are the top 3 key investor takeaways?
Top-ranked mining jurisdiction; Quebec, Canada ranks #6 globally by the Fraser Institute.
Resource has grown from 2.8 to 8.1 million ounces equivalent since 2018, with further growth expected.
Successful former 14yr gold/copper mine (1996-2010) provides “Proof of Concept”
Robust PEA completed in 2020, PFS and Updated Mineral resource expected by end of September 2022.