Callinex Mines

Financials:

Primary ticker: TSXV:CNX, OTC:CLLXF
Stage of development: Exploration, Development
Primary minerals: Gold, Silver, Copper, Zinc
Project to promote: Flin Flon, Pine Bay, Nash Creek
Project location: Canada
Website: www.callinex.ca

Corporate Presentation: Click here

Callinex Mines Inc. is advancing its portfolio of base and precious metals rich deposits located in established Canadian mining jurisdictions. The focus of the portfolio is highlighted by the rapidly expanding Rainbow Discovery at its rich VMS Pine Bay Project located near existing infrastructure in the Flin Flon Mining District.

 

The second asset in the portfolio is the Nash Creek Project located in the VMS rich Bathurst Mining District of New Brunswick. A 2018 PEA generates a strong economic return with a pre-tax IRR of 34.1% (25.2% post-tax) and NPV8% of $230 million ($128 million post-tax) at $1.25 Zinc. The third asset, 100% owned Point Leamington Deposit in Newfoundland, is located in one of the richest VMS and Gold Districts in Canada.

 

Callinex’s rapidly expanding high-grade copper/gold Rainbow Deposit (discovered Q3 ‘21) is 16km from Hudbay’s 777 mine with full infrastructure, access to clean low-cost hydroelectric power and an experienced labour force.

 

Latest drill results from Rainbow’s Cu/Zn/Au/Ag deposit:


– PBM-138 intersected 37m of 6% Cu including 1m of 18.81% and 1m of 18.3% Cu
– PBM-129-W2: 67m of 2.73% Cu, including 13m of 8.75% and 2.75m of 17.6% Cu
– PBM-129-W1: intersected 4.87m of 15.20% CuEq including 2.76m of 21% Cu

• Hudbay’s flagship 777 mine to shut down in May 2022 leaving 5,500tpd processing facilities idle and job losses in excess of 700; Flin Flon produced 62.5Mt; Trout Lake @21.2Mt and Callinan @ 8.4Mt.
• Historic Resource: 1.11mt at 2.76% Cu (using $3.00 Cu;$0.92 Zn; .24. Au; and 8.9 Ag)
• Assays pending on over 17,000m of nearly 35k meter drilling completed in 2021


Cash:
CAD$6.22M (April 22)

Debt: Nil

Major shareholders:
Resource Capital Funds – 6%
Delbrook Capital Advisors – 4%
Management & Associates – 25%

Management Profile

Max Porterfield, President and CEO
Mr. Porterfield, located in Vancouver, is an executive with over a decade of experience within natural resources and financial markets. Previously, Mr. Porterfield managed investor relations for two well respected resource companies, Brazil Resources Inc. and Uranium Energy Corp. In addition, Mr. Porterfield was previously Vice-President of Institutional Services at U.S. Global Investors, a boutique investment management firm with a longstanding history of expertise in precious metals and natural resources. He is a graduate of Texas Tech University, with a bachelor’s degree in business administration.

What is your rationale for taking part 121 Mining Investment?

We are looking to meet with investors who are interested in value opportunities within the base and precious metal space.

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

27/04/22 Callinex Commences Drilling to Define High-Grade Copper Rainbow Deposit and Test Priority Targets in the Flin Flon Mining District of Manitoba

22/04/22 Callinex Closes $6.24 Million Private Placement Financing

12/04/22 Callinex Mines Increases Private Placement Financing to $6.24 Million

30/03/2 Callinex Announces $4.22 Million Private Placement Financing

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

Long-term commodity prices are the most significant risk factor and as we are able to continue to expand existing deposits and make discoveries this is anticipated to lead to lower operating costs and a larger scale mining operation in the future.

What do you think makes your company such a compelling investment?

Callinex has a strong exploration team with experience in discovery numerous world class polymetallic VMS deposits. We are focused on making discoveries to grow the existing deposits to economic scale as well as make new discoveries within close proximity to infrastructure where there is an immediate need for new feed.