Alexco Resources Corp

Primary ticker: TSX:AXU, NYSE:AXU
Stage of development:Development
Primary minerals: Silver
Project to promote: Keno Hill Silver District

Live financials

Alexco owns the high-grade Keno Hill Silver District in the Yukon. A PFS published in March 2019 anticipates production of 1.2 million tonnes of ore at an average of 805 grams per tonne silver, 2.98% lead and 4.13% zinc from four deposits over 8 years. Annual silver production is expected to be ~3.5 million ounces. The PFS anticipates $23 million in capital expenditures and a runway to production of 4-6 months. Alexco expects to receive a renewed Water Use Licence for the Bermingham deposit in Q4 2019. Keno Hill retains significant exploration and operational upside.
Alexco also owns and operates Alexco Environmental Group, which provides mine-related environmental services, remediation technologies and reclamation and mine closure services to government and industry clients in North America and elsewhere.

Management Profile

Clynt Nauman – CEO

Mr. Nauman brings over 35 years of diversified experience in the mineral industry, ranging from exploration and business development to operations and business management in the precious metals, base metals and coal sectors. Mr. Nauman is also currently the CEO of Asset Liability Management Group, and was General Manager of Kennecott Minerals from 1993-1998 and the President and CEO of Viceroy Resource Corporation from 1998-2002. Mr. Nauman holds a B.Sc. in geology.

What is your rationale for attending 121 Mining Investment?

Expand our US Institutional and large high-net worth investor base.

What recent news would you like to highlight to investors attending?

March 2019 – Announced the results of a positive PFS for Keno Hill
September 2019 – Partial results of annual exploration campaign including high-grade intercepts of up to 8.15 meters true width at 1,414 g/t Ag

What are your key goals for the next 3, 6 and 12 months?

3 Months:

Water Use Licence for the Bemingham deposit expected and construction decision for the Keno Hill Silver District

6 Months:

4-6 months after construction decision, Keno Hill Silver District to start producing high-quality, silver-rich lead and zinc concentrate

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Water Use Licence (Q4 2019) will lift the last hurdle for Keno Hill to become the only primary silver mine in Canada.

In a sentence, what do you think makes your company such a compelling investment?

Highly leveraged to silver price. Located in safe jurisdiction (Yukon). Modest capital and short runway to production. Scaleable project with +24 Moz of silver resources (indicated) outside current mining plan. Historic mining district with significant exploration upside.