Investor Perception
Lahontan Gold is on observe to turn out to be a number one gold developer in Nevada’s Walker Lane district, presenting a compelling funding alternative by combining a high-quality useful resource base with a transparent path to manufacturing in Nevada’s premier mining jurisdiction — all in a rising gold worth surroundings.
Overview
Lahontan Gold (TSXV:LG,OTCQB:LGCXF) is concentrated on advancing its portfolio of high-quality gold and silver tasks in Nevada. The corporate’s flagship Santa Fe mine was a previous producer that operated from 1988 to 1992, yielding 356,000 ounces of gold and 784,000 ounces of silver. Lahontan goals to unlock the mine’s full potential by increasing its sources and pushing ahead on allowing.
The corporate lately accomplished a sturdy preliminary financial evaluation( PEA) outlining a transparent pathway to manufacturing. Allowing efforts are progressing with the Bureau of Land Administration, and Lahontan anticipates being able to interrupt floor by 2026.
Moreover, strategic drilling campaigns are deliberate to additional broaden the prevailing useful resource base.
The corporate’s technique to unlock shareholder worth is to advance the Santa Fe mine towards manufacturing by derisking the venture by means of allowing and feasibility research, whereas optimizing heap leach processing for max recoveries and financial effectivity. Concurrently, it’s unlocking worth from satellite tv for pc deposits, together with West Santa Fe, which has high-grade oxide potential, and Moho, an early-stage venture with promising historic gold and silver intercepts.
Positioned as a low-cost developer in a top-tier jurisdiction, the corporate maintains robust institutional help with minimal dilution danger, making certain capital effectivity and sustainable progress.
The Santa Fe mine, positioned in Mineral County, Nevada, spans 26.4 sq km and represents Lahontan Gold’s flagship growth venture. With an up to date mineral useful resource estimate of 1.95 Moz gold equal, the venture hosts a number of oxide and sulfide zones that stay open for growth.
Historic manufacturing from the Santa Fe mine yielded 356,000 ozgold and 784,000 ozsilver from an open-pit heap leach operation. Fashionable exploration and metallurgical testing have recognized extra high-grade mineralization that might help an expanded operation.
The lately accomplished PEA signifies robust financial potential, with favorable heap leach recoveries and low working prices. Lahontan is actively working with the Bureau of Land Administration to advance the allowing course of, with the objective of attaining manufacturing readiness by 2026.
West Santa Fe
The West Santa Fe venture, located simply 13 km from the Santa Fe mine, is a extremely potential satellite tv for pc venture that might function an extension of the principle operation. Historic drill knowledge counsel the presence of a shallow oxide deposit, with early useful resource modeling indicating a possible gold equal useful resource of 0.5 to 1 Moz.
West Santa Fe’s wonderful useful resource progress potential
Lahontan is getting ready for an intensive drill program in 2025 to validate and broaden this useful resource. Geophysical surveys and geochemical sampling have recognized robust structural controls on mineralization, additional supporting the potential for financial extraction. Given its proximity to Santa Fe, West Santa Fe affords a compelling low-cost, high-margin alternative for future manufacturing.
Moho Venture
The Moho venture is one other one hundred pc owned asset throughout the Walker Lane district in Nevada, presenting a longer-term progress alternative for Lahontan. The venture is characterised by historic high-grade gold and silver intercepts from previous drilling, with reported grades exceeding 20 g/t gold and 300 g/t silver. Preliminary exploration has confirmed the presence of oxidized tertiary epithermal vein programs, which are perfect for standard heap leach processing. Core drilling in 2019 additional validated the high-grade nature of Moho’s mineralization, with vital intercepts occurring at comparatively shallow depths. Lahontan plans to conduct extra exploration drilling to refine useful resource estimates and assess potential financial viability.
Administration Crew
Kimberly Ann – CEO, Founder and President
Kimberly Ann is a mining government who has based a number of junior mining corporations and served in quite a lot of senior government positions together with CEO, president, CFO and board member. Prior to now 12 years, she has raised over $210 million in venture financing and collaborated on three junior mining M&A tasks. Whereas at Prodigy Gold, she was answerable for all points of the corporate’s company communication program, facilitating fairness financings, producing analyst protection, and collaborating in key points of company M&A resulting in the $340 million buyout of Prodigy by Argonaut Gold. Kimberly was CFO and VP company growth at PPX Mining, efficiently bringing the high-grade Callanquitas gold-silver underground mine into manufacturing in Northern Peru. In 2017, she based Latin America Useful resource Group, constructing Jasperoide from two small concessions right into a 57 sq km strategic venture within the coronary heart of Peru’s most prolific copper-gold mineralized belt. In 2020, LARG merged with Carube Copper to create C3 Metals, setting the stage for worth creation all through C3’s venture portfolio.
Brian Maher – Vice-president Exploration
Brian Maher is an financial geologist with over 45 years of expertise within the worldwide mining and exploration business. Previous to Lahontan, Maher was the president, CEO and director of Prodigy Gold, the place he guided the corporate by means of a interval of expansive progress, exploring and growing the 6.6 Moz Magino gold deposit in northern Ontario, culminating within the $341 million acquisition of Prodigy Gold by Argonaut Gold in 2012. In 1982, he started a 16-year profession with ASARCO, exploring for gold and copper deposits in quite a lot of geologic environments all through North and South America. From 1998 and 2004, he was venture supervisor for Metallic Ventures Gold, supervising underground and floor exploration, mine growth and operations at an underground gold mine in Nevada.
John McNeice – CFO
John McNeice is a chartered skilled accountant registered in Ontario, Canada, with over 30 years of expertise in public firm reporting, monetary administration, accounting and audit. Presently McNeice is the CFO of Gold79 Mines (TSXV:AUU), C3 Metals (TSXV:CCCM) and Northern Graphite (TSXV:NGC), the place he’s answerable for monetary and regulatory reporting in addition to day-to-day monetary administration. He has held CFO roles in seven public useful resource corporations over the previous 17 years and has overseen IPOs, RTOs and lots of quarterly, annual and periodic public firm filings. From 2004 to 2007, McNeice was CFO of Ur-Power, a uranium exploration and growth firm now a US-based producer of uranium. Throughout his tenure, Ur-Power raised an mixture of $150 million in a sequence of personal placements, the IPO and a number of other vital secondary financings.
Chris Donaldson – Impartial Director
Chris Donaldson is an skilled government with a 25-year observe document of elevating funds and constructing out new funding channels for each private and non-private corporations. He’s the CEO and director of Valkea Sources (TSXV:OZ), CEO and government chairman of TinOne Sources (TSXV:TORC), and a non-executive director of Vizsla Copper (TSXV:VCU). From 2013 to 2020, Donaldson held the twin function of director, company growth with Western Copper and Gold (TSX:WRN,NYSE:WRN) in addition to director, company growth and Group with On line casino Mining Company. He holds a Bachelor of Arts in Economics from the College of Western Ontario.
Josh Serfass – Impartial Director
Josh Serfass is the manager vice-president of company growth and investor relations at Integra Sources. Beforehand, he was the supervisor of company communications at Integra Gold. He was a key member of the staff at Integra Gold that grew, developed and bought the previous producing Lamaque mine in Val-dOr, Québec to Eldorado Gold for C$590 million in 2017. Dedicated to pondering in another way about mining, Serfass labored with the staff at Integra Gold to host the 2016 Integra Gold Rush Problem and the 2017 #DisruptMining Problem, initiatives that inspired innovation and expertise disruption within the mining business.
Bob McKnight – Impartial Director
Presently, government VP, company growth and CFO at NevGold, Bob McKnight is a geological engineer and mining government with over 40 years of expertise in copper, gold, base metals, coal and potash. Immediately concerned in over $1.5 billion in venture debt, fairness, stream financings and M&A transactions, he was an government VP and CFO at Nevada Copper arranging over $500 million in debt, fairness and metallic stream financings to develop the Pumpkin Hole copper mine. He was additionally CFO and VP at Expatriate Sources, which spun out Stratagold, Yukon Zinc and Selwyn Sources. In 2004, Stratagold acquired what’s now Victoria Gold’s Eagle deposit from a subsidiary of Vedanta for $6 million money and 5 million Stratagold shares.
