Safe jurisdiction in Timmins, Ontario with well established infrastructure.
Growing resources and new discoveries. Recent partnership with O3
Mining’s Garrison Project to increase resources by 85% to 4.0MM gold ounces indicated and
by 32% to 4.4MM gold ounces inferred.
Moneta will hold one of the largest undeveloped gold projects in North America.
PEA results on South West deposit proves a robust gold project at US$1,500/ounce that produces C$236 million after-tax NPV5% and on our new partnership with O3 Mining’s Garrison project at US$1,450/ounce C$321 million after-tax NPV5%.
C$694 million after tax cash flow over the life of mine, South West and Garrison combined.
Regional scale exploration potential.
Creates largest land holder by a gold development company in the Timmins camp.
Expanding resource base.
An updated resource estimate will be announced in Q3, 2021 followed by an updated PEA on a much larger scale for the combined projects in early 2022.
Low cost discovery ounces.
Significant and growing resource with an active exploration program in Timmins, surrounded by major mining firms such as Pan American Silver, Kirkland Lake Gold, Newmont, OIII and McEwen Mining.
Insiders and investors aligned for long-term value creation.
Shareholders include Eric Sprott, K2 & Associates, Dundee Corporation, RBC, Mackenzie Funds, US Global, 1832 Asset Management.
Potential to fast track to feasibility study and production. Experienced management team.
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