Rubicon Minerals

Website: www.rubiconminerals.com
Primary ticker: TSX:RMX
Stage of development: Development
Primary minerals: Gold
Project to promote: Phoenix Gold Project

Live financials

Rubicon Minerals Corporation is an advanced gold exploration company that owns the Phoenix Gold Project, located in the prolific Red Lake gold district in northwestern Ontario, Canada. Additionally, Rubicon controls the second largest land in Red Lake consisting of over 285 sq. km. of prime, strategic exploration ground, and more than 900 sq. km. of mineral property interests in the emerging Long Canyon gold district that straddles the Nevada-Utah border in the United States. Rubicon’s shares are listed on the Toronto Stock Exchange (RMX) and the OTCQX markets (RBYCF). For more information, please visit our website at www.rubiconminerals.com.

Management Profile

George Ogilvie, P.Eng. – President and CEO

Mr. Ogilvie is a Professional Engineer, with more than 29 years of management, operating, and technical experience in the mining industry. Previously, George was the CEO of Kirkland Lake Gold, where he and his team improved operations at the Macassa Mine and elevated the company’s profile with the acquisition of St. Andrew Goldfields. Prior to this, Mr. Ogilvie was the CEO of Rambler Metals, where he and his team guided the evolution of the company from grassroots exploration to a profitable junior producer. Mr. Ogilvie began his mining career with AngloGold in South Africa working in the ultra-deep, high-grade, gold mines in the Witwatersand Basin. Mr. Ogilvie received his B.Sc. in Mining and Petroleum Engineering from Strathclyde University in Glasgow, Scotland.


What is your rationale for attending 121 Mining Investment?

Looking to diversify shareholder base with more family office investors


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

August 19, 2019 – Rubicon Minerals Delivers New PEA Demonstrating a 40.2% After-Tax IRR and C$191 million Free Cash Flow Potential of the Phoenix Gold Project
March 27, 2019 – Rubicon Minerals Reports 110% Increase in Measured and Indicated Resources, Further Improving Confidence at the Phoenix Gold Project
November 29, 2018 – Rubicon Minerals Announces Positive Bulk Sample Reconciliation Results, Validating the 2018 Mineral Resource Estimate

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

3 Months:

Deliver updated NI 43-101 Mineral Resource Estimate

6 Months:

Advance the Phoenix Gold Project to Feasibility Study

12 Months:

Potentially commence construction of the Phoenix Gold Project, subject to positive feasibility study and financing


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

The key risk is the validity of the F2 Gold Deposit and the reputation of the company. Over the last couple years, Rubicon has conducted extensive oriented drilling to get a better understanding of the F2 Gold Deposit. The Company has since delivered 2 new mineral resource estimates of over 1 million ounces of gold that have been validated by a positively reconciled 35-tonne bulk sample program. With respect to reputation, the company has been conservative with its estimates and has delivered on all its promises and goals over the last two years.


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

Rubicon delivered a New PEA Demonstrating a 40.2% After-Tax IRR and C$191 million free cash flow potential of the Phoenix Gold Project
Significant new and operational infrastructure – more than C$770 million in sunk capital in place include an 1,800 tpd mill
Validated and growing 1 million ounce resource estimate
2nd largest and strategic land package in the prolific Red Lake Gold Camp in Canada
New PEA scheduled for second half of 2019
Short timeline to potential production