Wallbridge Mining

Wallbridge Mining is TSX focused on advancing its flagship Fenelon Gold project located in northwestern Quebec, Canada. A preliminary economic assessment outlines potential for a 2.7 million ounce underground gold mine producing over 200,000 ounces annually. Pre-production capital costs are estimated at $645 million with low operating costs of $749/oz. Their project ions show economics with an after-tax NPV of $721 million and 18% IRR at base case assumptions.

The Fenelon deposit remains open in multiple directions with resource expansion potential. Additional regional exploration is also warranted on Wallbridge's extensive land package spanning 97km of strike length along the Detour-Fenelon gold trend. The company sees Fenelon as a platform for growth in a premier mining jurisdiction.

Permitting and baseline study activities are underway with a focus on sustainable development and positive community engagement. The project benefits from nearby infrastructure such as roads, power, and an available workforce. The operation is designed for a small surface footprint to minimize potential environment impacts.

Key upcoming catalysts are the finalization of a PEA technical report and further exploration results. Crux last conducted a full analysis of Wallbridge's publicly available data in December 2022, where we stated that we required a full release of drill results in or oder to make a proper assessment as to the geological, and hence economic, potential of their project.