Coniagas Battery Metals (TSXV:COS) Investor Overview

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Overview

Coniagas Battery Metals is a Canadian firm targeted on creating a world-class important minerals venture. The title Coniagas is an acronym for numerous symbols on the periodic desk equivalent to – cobalt (Co), nickel (Ni), silver (Ag), and arsenic (As). The corporate is fashioned from the spin-off of Nord Treasured Metals’ (TSXV:NTH) Graal property in Quebec.

The corporate is concentrated on advancing the Graal nickel-copper-cobalt venture in direction of manufacturing. Almost 16,000 meters of diamond drilling (along with the 6,885 meters of historic drilling) has been accomplished on the venture. The early-stage drill outcomes have been encouraging, intersecting as much as 1.12 % nickel equal (NiEq) over 28.9 meters at depths of solely 50 to 100 meters. The corporate plans to undertake an aggressive drilling program to broaden the deposit space and ship a maiden NI 43-101 useful resource report.

u200bGeologist Claude Duplessis

Geologist Claude Duplessis holding a drill core of large sulphides containing nickel, copper and cobalt.

Coniagas can be planning to construct a processing facility in Quebec using its proprietary course of often known as Re-2Ox. It’s a closed-loop hydrometallurgical course of that extracts metals with none discharge or smelting, thereby exceeding environmental compliance requirements. The processing facility will assist Coniagas convert the mined minerals into battery-grade metals.

The Graal venture represents a possible new nickel mine in Quebec with a number of benefits. First, the nickel at Graal is contained in sulfides which are simpler and cheaper to course of into battery grade nickel than nickel in laterite deposits. Second, mining at Graal will probably be an open pit, which could be very economical in comparison with different nickel sulfide deposits discovered deep underground. Third, the venture will even generate substantial copper and cobalt as by-products that may enhance the venture’s financial viability and ship a low-carbon, environmentally pleasant provide of important metals for the vitality transition.

The venture’s location in Quebec additionally presents a number of benefits. The province is a Tier 1 mining jurisdiction and ranked eighth most tasty jurisdiction worldwide for mining funding within the Fraser Institute’s 2022 survey. Moreover, entry to wonderful infrastructure when it comes to hydroelectricity, roads and ports is a big optimistic.

Project locaiton

The Graal venture suits completely into the Canadian authorities’s Essential Minerals Technique that goals to create home provide sources of important minerals within the nation. Presently, the availability of those important minerals is dominated by nations equivalent to China, Russia, Indonesia, Peru, Chile and Congo, which both have rising tensions with the West or are characterised by political instability. Graal is in a a lot safer jurisdiction and is ideally positioned to turn out to be a dependable provider of fresh vitality metals.

The demand for important minerals required for vitality storage and electrical automobile purposes is anticipated to develop by round 30 occasions between 2020 and 2040, in response to a report by the Worldwide Vitality Company. The report signifies copper demand to be 55 % increased than the 2022 provide. Likewise, the 2030 demand for nickel is anticipated to be 67 % increased than the 2022 provide, and for cobalt 147 % increased than the 2022 provide ranges. Coniagas is effectively positioned to profit from this supply-demand imbalance and gives buyers a wonderful alternative to take part within the clear vitality transition.

A secondary venture, which can finally be introduced into the Coniagas portfolio, is the Lowney-Lac Edouard venture in Quebec, a potential nickel-copper property close to Rio Tinto. The venture is presently owned by Nord Treasured Metals, which was the father or mother firm of Coniagas.

Firm Highlights

  • Coniagas Battery Metals is a Canadian firm targeted on creating important minerals equivalent to nickel, copper and cobalt.
  • Coniagas Battery Metals was demerged from its father or mother, Nord Treasured Metals Mining (previously Canada Silver Cobalt Works), which introduced the separation of its enterprise in two – Nord Treasured Metals (targeted on silver-cobalt) and Coniagas Battery Metals (targeted on copper-nickel-cobalt).
  • Coniagas’ flagship venture is the Graal nickel-copper-cobalt property in Quebec, Canada, with wonderful infrastructure when it comes to low-carbon hydroelectricity, street entry and proximity to main battery manufacturing services in jap North America.
  • Coniagas intends to make use of a proprietary Re-2Ox processing expertise, a closed-loop hydrometallurgical course of that extracts metals with none discharge or smelting, thereby exceeding environmental compliance requirements.
  • $6 million has been spent to date on the venture with historic drillings that produced extraordinarily encouraging outcomes, with geologists excited that it has the potential to be a big mine. The corporate will concentrate on exploration drilling in 2024 to broaden the mineralized deposit zone and ship a maiden useful resource report.
  • Essential minerals are in excessive demand, pushed by their software in electrical automobiles. Coniagas intends to develop right into a provider to the electrical automobile (EV) market.
  • The Graal venture suits completely into the Canadian authorities’s Essential Minerals Technique that plans to create home provide sources of important minerals within the nation.

Key Initiatives

Graal Venture

u200bGraal Project

The pink line within the MHY-Gravi zones signifies the placement of the 6 km strike size.

The Graal venture is the corporate’s flagship nickel-copper-cobalt asset within the Quebec area. Quebec is a Tier 1 mining jurisdiction and gives a world-class setting for mining investments.

The venture is close to the Chute des Passes electrical energy plant and has good entry by roads. It’s near the deliberate Arianne phosphate mine, and is barely 200 kilometers from the ocean port of Saguenay on the St. Lawrence.

Preliminary exploration on the property has confirmed high-grade nickel-copper-platinum-group component (PGE) deposits. The corporate has found a 6-kilometer strike size mineralized with near-surface high-grade copper, nickel and cobalt, together with a number of intersections to the west within the Discovery Zone.

Based mostly on the drill and geophysics outcomes, the venture has the potential for a number of high-grade near-surface deposits and important deposits at depth. Earlier drilling between 1996 and 2004, carried out by SOQUEM and Virginia Mines totaling ~6,000 meters, indicated a possible goal of near-surface tonnage of 30 to 60 million tons with a grade vary of 0.60 to 0.80 % nickel, 0.30 to 0.50 % copper, and 0.10 to 0.15 % cobalt within the MHY zone. Moreover, Nord Treasured Metals drilled greater than 16,000 meters between 2021 and 2022 figuring out a number of drill targets.

Graal drill plan

The drill outcomes from the 2021-22 program found some noteworthy intervals exhibiting excessive grades of nickel and copper. This system succeeded in discovering wider intervals and continuity of nickel-copper sulfides throughout the MHY Zone. The important thing highlights embody 1.12 % Ni Eq over 28.9 meters and 0.94 % NiEq over 15.9 meters.

Shifting ahead, Coniagas will start drilling 2,000 meters in shallow areas to increase mineralization throughout the MHY Zone. Moreover, it plans to undertake a metallurgical examine and have interaction in consultations with First Nations with an estimated value of $500,000. Constructing on this effort, Coniagas plans to ship a maiden useful resource estimate.

Lowney- Lac Edouard Venture

It is a secondary venture that will finally be introduced into the Coniagas portfolio. Located to the south of the traditionally productive nickel-copper Lac Edouard Mine, the Lowney-Lac Edouard property is adjoining to an space the place Rio Tinto, throughout a 2023 drilling initiative within the Savane area of a Midland Exploration property, uncovered high-grade nickel together with copper. The venture is presently owned by Nord Treasured Metals, the previous father or mother firm of Coniagas.

Administration Staff

Frank Basa – CEO

Frank Basa holds a BA in engineering from McGill College and is a member of the Skilled Engineers of Ontario. He has over 35 years of expertise in numerous features of gold mining and improvement. He additionally serves because the CEO of TSXV-listed firms Granada Gold Mine and Nord Treasured Metals.

Aurelian Basa – Director

Aurelian Basa holds a bachelor’s diploma in geography from Concordia College, Montreal. He has over 10 years of expertise within the pure sources sector. He’s related to a platform that connects commodity merchants to sources of important metals. He additionally manages a digital content material company targeted on public mining firms.

Ronald Goguen – Unbiased Director

Ronald Goguen has appreciable senior management expertise and has been related to Colibri Useful resource Company, Main Drilling and Beaver Brook Antimony Mine.

William D. Macdonald – Unbiased Director

William Macdonald has held a number of senior management roles and has been related to Landdrill Worldwide, Colibri Useful resource Company, Canadian Gold Assets and LEM Manufacturing.

Dianne Tookenay – Unbiased Director

Dianne Tookenay holds a Certificates in Mining Legislation from the Corridor Legislation Faculty, a Grasp of Public Administration from Manitoba College, and a Bachelor of Administration from Lakehead College. She is a band member of Brunswick Home First Nation in Ontario and is related to Nord Treasured Metals and Granada Gold Mine.

Remantra Sheopaul – CFO

Remantra Sheopaul holds a B.Com. in accounting from Toronto Metropolitan College (previously, Ryerson College). He has wealthy expertise in numerous features of finance. He works with Marrelli Help Providers and can be a CFO of Granada Gold Mine, Canada Carbon, Angel Wing Metals and Metalite Assets.

Vincent Maltais – Company Secretary

Vincent Maltais holds a bachelor’s diploma in legislation and philosophy and political science from Montreal College. He’s a lawyer at Fasken Martineau DuMoulin the place he practices enterprise legislation and advises firms on M&A and public company financing.

This text was written in collaboration with Couloir Capital.




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