+720% in 6 Months With the New 11.38MT Copper Asset | Abitibi Metals CEO Interview
This is a not-paid-for interview with Abitibi Metals’ CEO, Jonathon Deluce.
Abitibi Metals Corp. is a Quebec-focused mineral acquisition and exploration company focused on the exploration of base and precious metal properties that are drill-ready.
More recently, Abitibi Metals became the first public company with the option to earn into the B26 Polymetallic Copper Deposit (Cu-Zn-Au-Ag), which lies within 7 km of the historical Selbaie Mine, a similar Polymetallic Copper Deposit that had a historical resource of 56.9 Mt @ 0.87% Cu, 1.85% Zn, 0.55 g/t Au, 39 g/t Ag (CONSOREM 2012).
The Project’s 2018 resource included 254 holes over 115,311 meters, advancing the asset to a resource that includes, across all categories, 400 million pounds of copper, 286,000 ounces of gold, and significant zinc & silver exposure.
More specifically, the B26 Resource (2018) showed:
Indicated: 6.97 Mt at 2.94% Cu Eq (1.32% Cu, 1.80% Zn, 0.60 g/t Au and 43 g/t Ag)
Inferred: 4.41 Mt at 2.97% Cu Eq (2.03% Cu, 0.22% Zn, 1.07 g/t Au and 9 g/t Ag)
However, Abitibi Metals’ CEO, Jonathon Deluce, told me that he sees the potential to come up with a PEA with a minimum defined 20-to-30-million-ton copper resource within a few years.
In this interview, he answered the following questions:
Timestamps:
00:00 important warning
01:06 company overview
07:58 what is this new copper project?
10:50 why did nobody develop the B26 project before?
14:50 does the government’s involvement make this better or worse?
16:01 what’s the timeline to potentially get to 20-30MT of Copper?
19:00 where on B26 are they drilling?
21:20 what is driving the grade variability?
24:11 is the metallurgy challenging?
25:35 are there penalty materials?
27:10 why drill deeper holes?
30:05 how much does drilling cost per meter?
31:50 what would the 20-30MT resource look like?
35:09 do they need a strategic partner?
41:10 what is happening at Beschefer?
43:40 when is the right time to raise capital?
46:25 how are they looking to raise capital?
47:50 how much is G&A?
49:00 will they be listing on a different exchange?
52:10 what is happening at the greenfields assets?
53:25 what companies does Abitibi look up to?
55:55 how is the relationship with Wallbridge?
01:01:22 closing thoughts
01:03:55 contact details
