View Financial HealthCygnus Metals 配当と自社株買い配当金 基準チェック /06Cygnus Metals配当金を支払った記録がありません。主要情報n/a配当利回り-29.6%バイバック利回り総株主利回り-29.6%将来の配当利回りn/a配当成長n/a次回配当支払日n/a配当落ち日n/a一株当たり配当金n/a配当性向n/a最近の配当と自社株買いの更新更新なしすべての更新を表示Recent updatesNew Risk • 11hNew major risk - Revenue and earnings growthEarnings have declined by 6.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (56% average weekly change). Earnings have declined by 6.8% per year over the past 5 years. Shareholders have been substantially diluted in the past year (43% increase in shares outstanding). Revenue is less than US$1m.Board Change • May 20Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Lead Independent Non Executive Director Kevin Tomlinson was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Apr 17Cygnus Metals Limited Reports Positive Assay Results at Golden Eye DepositCygnus Metals Limited announced high-grade results from drilling at the Golden Eye deposit within its Chibougamau Copper-Gold Project in Quebec. Infill drilling at Golden Eye has returned high-grade gold intervals of up to 105.5g/t AuEq over 1.0m, alongside copper grades of up to 11.9% Cu over 0.8m. Results reported reconcile well against the block model and confirm continuity of gold mineralisation; these include: 5.9m at 28.8g/t AuEq (24.8g/t Au, 2.7% Cu & 31.5g/t Ag) (LDR-26-12A), including 1.0m at 105.5g/t AuEq (102.9g/t Au, 1.4% Cu & 53.0g/t Ag); 7.7m at 4.0g/t AuEq (2.7g/t Au, 0.8% Cu & 8.2g/t Ag) (LDR-26-12A); 11.5m at 4.3g/t AuEq (2.5g/t Au, 1.1% Cu & 26.1g/t Ag) (LDR-26-13), including 0.8m at 31.2g/t AuEq (13.3g/t Au, 11.9% Cu & 141.8g/t Ag); 6.7m at 5.9g/t AuEq (4.4g/t Au, 1.0% Cu & 9g/t Ag) (LDR-26-14), including 2.0m at 13.8g/t AuEq (10.3g/t Au, 2.4% Cu & 21.0g/t Ag). These results highlight the strong potential to grow the Indicated Resource as well as the scope for further extensions. Golden Eye Mineral Resource stands at 0.5Mt at 5.6g/t AuEq for 91koz AuEq (Indicated) and 1.2Mt at 4.6g/t AuEq for 182koz AuEq (Inferred). There remains a number of assay results pending following finalisation of exploration activity at Golden Eye on 8 April 2026, with around 5,632m of drilling completed from the engineered ice pad. Exploration continues across multiple targets with a detailed Induced Polarisation (‘IP’) survey at the Joe Mann property almost finished. This program aims to help generate walk up drill targets in a highly sought-after gold district. Recent drilling has been targeting both resource conversion and extension, looking to expand the current Mineral Resource. The latest results from infill drilling include significant high-grade intersections of up to 105.5g/t AuEq over 1.0m. These high-grade gold intercepts are complemented by impressive copper grades of up to 11.9% over 0.8m, plus silver grades of up to 142g/t over 0.8m. Significant results include: 5.9m at 28.8g/t AuEq (24.8g/t Au, 2.7% Cu & 31.5g/t Ag) (LDR-26-12A), including 1.0m at 105.5g/t AuEq (102.9g/t Au, 1.4% Cu & 53.0g/t Ag); 7.7m at 4.0g/t AuEq (2.7g/t Au, 0.8% Cu & 8.2g/t Ag) (LDR-26-12A); 11.5m at 4.3g/t AuEq (2.5g/t Au, 1.1% Cu & 26.1g/t Ag) (LDR-26-13), including 0.8m at 31.2g/t AuEq (13.3g/t Au, 11.9% Cu & 141.8g/t Ag); 6.7m at 5.9g/t AuEq (4.4g/t Au, 1.0% Cu & 9g/t Ag) (LDR-26-14), including 2.0m at 13.8g/t AuEq (10.3g/t Au, 2.4% Cu & 21.0g/t Ag). The infill drilling reconciles well against the block model and further confirms the strong continuity of the mineralisation to a 50m spacing. Results from the recent drilling will be used to update the Mineral Resource and convert more resources to the Indicated category. The Golden Eye Mineral Resource currently contains 0.5Mt at 5.6g/t AuEq for 91koz AuEq (Indicated) and 1.2Mt at 4.6g/t AuEq for 182koz AuEq (Inferred). The drill program at Golden Eye has now concluded, although two rigs are expected to continue drilling over the next quarter at other targets in the project portfolio. The strategy remains focussed on resource growth and resource conversion to drive the Chibougamau Project forward towards development and deliver maximum returns to shareholders. Golden Eye is an excellent example of the value generated through ongoing compilation work which is helping to unlock this historic district, enabling the Company to continue to build upon the existing high-grade copper-gold resources with low-risk brownfield exploration. The team is continuing to unlock the region with more targets to be tested from the compilation pipeline including the Joe Mann, Copper Rand and Gwillim areas. The Chibougamau area has well-established infrastructure giving the Project a significant head start as a copper-gold development opportunity. This infrastructure includes a 900,000tpa processing facility, local mining town, sealed highway, airport, regional rail infrastructure and 25kV hydro power to the processing site. Significantly, the Chibougamau processing facility is the only base metal processing facility within a 250km radius which includes a number of other advanced copper and gold projects. Coordinates given in UTM NAD83 (Zone 18). Intercept lengths may not add up due to rounding to the appropriate reporting precision. At Golden Eye significant intersections reported above 2g/t AuEq over widths of greater than 1m. True width estimated to be between 70-90% of downhole thickness.お知らせ • Mar 02Cygnus Metals Limited, Annual General Meeting, May 01, 2026Cygnus Metals Limited, Annual General Meeting, May 01, 2026. Location: west perth wa Australiaお知らせ • Feb 23Cygnus Targets Resource Growth with Start of New Drilling and Geophysics ProgramsCygnus sets up value drivers for 2026 with exploration and resource growth a high priority. At Cedar Bay, Downhole Electromagnetics ('DHEM') is in progress to identify follow-up targets from recent intersections such as: 28.9m at 2.5g/t AuEq (1.0g/t Au, 1.0% Cu & 12.0g/t Ag) (CDR-25-16). This is the first time DHEM is being used at Cedar Bay in over 20 years. Drilling has started at Golden Eye to test extensions below the current resource, which stands at 0.5Mt at 5.6g/t AuEq for 91koz AuEq (Indicated) and 1.2Mt at 4.6g/t Au Eq for 182koz AuEq (Inferred)2. At Joe Mann, a detailed Induced Polarisation ('IP') survey is underway to identify walk-up drill targets analogous to IAMGOLD's Nelligan Complex deposits which contain 4.3Moz Au (M&I) and 7.5Moz Au (Inferred) located just 10km west of Joe Mann. Permits are being submitted for the Gwillim prospect for drilling in the coming quarter; At Golden Eye, drilling has commenced with three rigs to grow the Indicated Resource and extend the resource below the currently defined depth of just 450m. Golden Eye was a new resource defined by Cygnus last year of 0.5Mt at5.6g/t Aueq for 91koz (Indicated) and of 1.2Mt at4.6g/t AuC2 and remains open at depth with one of the deepest intersections5 from last year of: 2.9m @ 10.2g/t AuEq ("8.3g/t Au,1.4% Cu & 3.3g/t Ag) from 463.8m (LDR-25-08). The Company also has a strong focus on defining new resources and making discoveries. At Gwillim, permits are underway for drilling to commence in the coming quarter. Drilling at Gwillim will be co-funded by 50% JV partner Alamos Gold, which has a market capitalisation of CAD 25B. Gwillim is just 12km from the Chibougamau processing facility and has high potential for defining new resources. Initial drilling will focus on following up high-grade historic intersections such as: 7.6m @ 38.1g/t Au from 314.9m (87-KOD-18); The Company is dedicated to advancing its Chibougamau Copper-Gold Project in Quebec with an aggressive exploration program to drive resource growth and develop a hub-and-spoke operation model with its centralised processing facility. The information in this release that relates to the Mineral Resource Estimate for the Chibougamau Project reported in accordance with the JORC Code (2012 Edition) and NI 43-101 was released by Cygnus in an announcement titled 'Major Resource Update' released to the ASX on 17 September 2025 and subsequent technical report dated 31 October 2025 titled "NI 43-101 Technical Report Chibougamau Hub and Spoke Complex, Quebec, Canada" prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") and the JORC Code (2012 Edition).お知らせ • Jan 20Cygnus Metals Limited Announces High Priority Gold Drilling Targets, with Permit Applications in Progress, At its Chibougamau Copper-Gold Project in QuebecCygnus Metals Limited announced high priority gold drilling targets, with permit applications in progress, at its Chibougamau Copper-Gold Project in Quebec. Cygnus is continuing to aggressively explore the highly prospective Chibougamau Project and grow resources in line with the Company’s value creation strategy. Two high priority drill targets have been identified which are both known to have significant high-grade gold mineralisation and little modern exploration. The Gwillim Project (50% JV with Alamos Gold) is located 12km northwest of the Chibougamau processing facility and has several gold rich structures running through the project. The Gwillim mine was in production in the 1970s and 1980s and produced 39koz at a grade of 4.8g/t. The main target sits 500m to the south of the historic mine and has a number of wide, high-grade intercepts which require follow up. These intersections include: 7.6m @ 38.1g/t Au from 314.9m (87-KOD-18);15.2m @ 9.4g/t Au from 155.1m (87-KOD-1); and16.4m @ 8.3g/t Au from 168.3m (87-KOD-10). Work is ongoing to compile the data and generate drill targets while the drill permit application is in process. The Joe Mann Project is located 46km south of the Chibougamau processing facility and was a past producing mine which closed in 2007. Joe Mann was known for its high-grade, producing 1.2Moz at a grade of 8.3g/t Au. The deposit is still open below existing workings and contains an Inferred Resource of 0.7Mt at 6.0g/t Au for 143koz Au. The Joe Mann Project covers 62km and hosts a number of near-surface regional drilling targets that require follow up work, some of which with high-grade gold intersections like:0.7m @ 480.2g/t Au from 92.3m (H-118);3.8m @ 20.8g/t Au from 287.2m (H-214); and8.4m @ 6.3g/t Au from 175.6m (H-374). Cygnus recently flew detailed airborne magnetics over the project to assist with targeting. This is being used in conjunction with the existing drilling and planned IP surveys to plan follow-up drilling. The Joe Mann Project is located in the heart of the area owned by Northern Superior Resources which was recently acquired by IAMGOLD’s for CAD 267.4 million. This acquisition consolidates a number of significant resources in the area with IAMGOLD’s Nelligan gold deposit. Cygnus is continuing its exploration strategy, focussed on resource growth and resource conversion, to drive the Chibougamau Project forward and deliver maximum returns to shareholders. In line with this strategy, drilling is expected to resume later this month at the Golden Eye deposit to test extensions below the current resource as well as converting more resources to the Indicated category. The current resource at Golden Eye includes an Indicated Resource of 0.5Mt at 5.6g/t AuEq for 91koz AuEq and Inferred Resource of 1.2Mt at 4.6g/t AuEq for 182koz AuEq. The Chibougamau area has well-established infrastructure, giving the Project a significant headstart as a copper-gold development opportunity. This infrastructure includes a 900,000tpa processing facility, local mining town, sealed highway, airport, regional rail infrastructure and 25kV hydro power to the processing site. Significantly, the Chibougamau processing facility is the only processing facility within a 250km radius.決済の安定と成長配当データの取得安定した配当: CQ1の 1 株当たり配当が過去に安定していたかどうかを判断するにはデータが不十分です。増加する配当: CQ1の配当金が増加しているかどうかを判断するにはデータが不十分です。配当利回り対市場Cygnus Metals 配当利回り対市場CQ1 配当利回りは市場と比べてどうか？セグメント配当利回り会社 (CQ1)n/a市場下位25% (DE)1.5%市場トップ25% (DE)4.5%業界平均 (Metals and Mining)1.4%アナリスト予想 (CQ1) (最長3年)n/a注目すべき配当: CQ1は最近配当金を報告していないため、配当金支払者の下位 25% に対して同社の配当利回りを評価することはできません。高配当: CQ1は最近配当金を報告していないため、配当金支払者の上位 25% に対して同社の配当利回りを評価することはできません。株主への利益配当収益カバレッジ: CQ1の 配当性向 を計算して配当金の支払いが利益で賄われているかどうかを判断するにはデータが不十分です。株主配当金キャッシュフローカバレッジ: CQ1が配当金を報告していないため、配当金の持続可能性を計算できません。高配当企業の発掘7D1Y7D1Y7D1YDE 市場の強力な配当支払い企業。View Management企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/26 09:51終値2026/05/26 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Cygnus Metals Limited 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。1 アナリスト機関Paul HowardCanaccord Genuity
New Risk • 11hNew major risk - Revenue and earnings growthEarnings have declined by 6.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (56% average weekly change). Earnings have declined by 6.8% per year over the past 5 years. Shareholders have been substantially diluted in the past year (43% increase in shares outstanding). Revenue is less than US$1m.
Board Change • May 20Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Lead Independent Non Executive Director Kevin Tomlinson was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Apr 17Cygnus Metals Limited Reports Positive Assay Results at Golden Eye DepositCygnus Metals Limited announced high-grade results from drilling at the Golden Eye deposit within its Chibougamau Copper-Gold Project in Quebec. Infill drilling at Golden Eye has returned high-grade gold intervals of up to 105.5g/t AuEq over 1.0m, alongside copper grades of up to 11.9% Cu over 0.8m. Results reported reconcile well against the block model and confirm continuity of gold mineralisation; these include: 5.9m at 28.8g/t AuEq (24.8g/t Au, 2.7% Cu & 31.5g/t Ag) (LDR-26-12A), including 1.0m at 105.5g/t AuEq (102.9g/t Au, 1.4% Cu & 53.0g/t Ag); 7.7m at 4.0g/t AuEq (2.7g/t Au, 0.8% Cu & 8.2g/t Ag) (LDR-26-12A); 11.5m at 4.3g/t AuEq (2.5g/t Au, 1.1% Cu & 26.1g/t Ag) (LDR-26-13), including 0.8m at 31.2g/t AuEq (13.3g/t Au, 11.9% Cu & 141.8g/t Ag); 6.7m at 5.9g/t AuEq (4.4g/t Au, 1.0% Cu & 9g/t Ag) (LDR-26-14), including 2.0m at 13.8g/t AuEq (10.3g/t Au, 2.4% Cu & 21.0g/t Ag). These results highlight the strong potential to grow the Indicated Resource as well as the scope for further extensions. Golden Eye Mineral Resource stands at 0.5Mt at 5.6g/t AuEq for 91koz AuEq (Indicated) and 1.2Mt at 4.6g/t AuEq for 182koz AuEq (Inferred). There remains a number of assay results pending following finalisation of exploration activity at Golden Eye on 8 April 2026, with around 5,632m of drilling completed from the engineered ice pad. Exploration continues across multiple targets with a detailed Induced Polarisation (‘IP’) survey at the Joe Mann property almost finished. This program aims to help generate walk up drill targets in a highly sought-after gold district. Recent drilling has been targeting both resource conversion and extension, looking to expand the current Mineral Resource. The latest results from infill drilling include significant high-grade intersections of up to 105.5g/t AuEq over 1.0m. These high-grade gold intercepts are complemented by impressive copper grades of up to 11.9% over 0.8m, plus silver grades of up to 142g/t over 0.8m. Significant results include: 5.9m at 28.8g/t AuEq (24.8g/t Au, 2.7% Cu & 31.5g/t Ag) (LDR-26-12A), including 1.0m at 105.5g/t AuEq (102.9g/t Au, 1.4% Cu & 53.0g/t Ag); 7.7m at 4.0g/t AuEq (2.7g/t Au, 0.8% Cu & 8.2g/t Ag) (LDR-26-12A); 11.5m at 4.3g/t AuEq (2.5g/t Au, 1.1% Cu & 26.1g/t Ag) (LDR-26-13), including 0.8m at 31.2g/t AuEq (13.3g/t Au, 11.9% Cu & 141.8g/t Ag); 6.7m at 5.9g/t AuEq (4.4g/t Au, 1.0% Cu & 9g/t Ag) (LDR-26-14), including 2.0m at 13.8g/t AuEq (10.3g/t Au, 2.4% Cu & 21.0g/t Ag). The infill drilling reconciles well against the block model and further confirms the strong continuity of the mineralisation to a 50m spacing. Results from the recent drilling will be used to update the Mineral Resource and convert more resources to the Indicated category. The Golden Eye Mineral Resource currently contains 0.5Mt at 5.6g/t AuEq for 91koz AuEq (Indicated) and 1.2Mt at 4.6g/t AuEq for 182koz AuEq (Inferred). The drill program at Golden Eye has now concluded, although two rigs are expected to continue drilling over the next quarter at other targets in the project portfolio. The strategy remains focussed on resource growth and resource conversion to drive the Chibougamau Project forward towards development and deliver maximum returns to shareholders. Golden Eye is an excellent example of the value generated through ongoing compilation work which is helping to unlock this historic district, enabling the Company to continue to build upon the existing high-grade copper-gold resources with low-risk brownfield exploration. The team is continuing to unlock the region with more targets to be tested from the compilation pipeline including the Joe Mann, Copper Rand and Gwillim areas. The Chibougamau area has well-established infrastructure giving the Project a significant head start as a copper-gold development opportunity. This infrastructure includes a 900,000tpa processing facility, local mining town, sealed highway, airport, regional rail infrastructure and 25kV hydro power to the processing site. Significantly, the Chibougamau processing facility is the only base metal processing facility within a 250km radius which includes a number of other advanced copper and gold projects. Coordinates given in UTM NAD83 (Zone 18). Intercept lengths may not add up due to rounding to the appropriate reporting precision. At Golden Eye significant intersections reported above 2g/t AuEq over widths of greater than 1m. True width estimated to be between 70-90% of downhole thickness.
お知らせ • Mar 02Cygnus Metals Limited, Annual General Meeting, May 01, 2026Cygnus Metals Limited, Annual General Meeting, May 01, 2026. Location: west perth wa Australia
お知らせ • Feb 23Cygnus Targets Resource Growth with Start of New Drilling and Geophysics ProgramsCygnus sets up value drivers for 2026 with exploration and resource growth a high priority. At Cedar Bay, Downhole Electromagnetics ('DHEM') is in progress to identify follow-up targets from recent intersections such as: 28.9m at 2.5g/t AuEq (1.0g/t Au, 1.0% Cu & 12.0g/t Ag) (CDR-25-16). This is the first time DHEM is being used at Cedar Bay in over 20 years. Drilling has started at Golden Eye to test extensions below the current resource, which stands at 0.5Mt at 5.6g/t AuEq for 91koz AuEq (Indicated) and 1.2Mt at 4.6g/t Au Eq for 182koz AuEq (Inferred)2. At Joe Mann, a detailed Induced Polarisation ('IP') survey is underway to identify walk-up drill targets analogous to IAMGOLD's Nelligan Complex deposits which contain 4.3Moz Au (M&I) and 7.5Moz Au (Inferred) located just 10km west of Joe Mann. Permits are being submitted for the Gwillim prospect for drilling in the coming quarter; At Golden Eye, drilling has commenced with three rigs to grow the Indicated Resource and extend the resource below the currently defined depth of just 450m. Golden Eye was a new resource defined by Cygnus last year of 0.5Mt at5.6g/t Aueq for 91koz (Indicated) and of 1.2Mt at4.6g/t AuC2 and remains open at depth with one of the deepest intersections5 from last year of: 2.9m @ 10.2g/t AuEq ("8.3g/t Au,1.4% Cu & 3.3g/t Ag) from 463.8m (LDR-25-08). The Company also has a strong focus on defining new resources and making discoveries. At Gwillim, permits are underway for drilling to commence in the coming quarter. Drilling at Gwillim will be co-funded by 50% JV partner Alamos Gold, which has a market capitalisation of CAD 25B. Gwillim is just 12km from the Chibougamau processing facility and has high potential for defining new resources. Initial drilling will focus on following up high-grade historic intersections such as: 7.6m @ 38.1g/t Au from 314.9m (87-KOD-18); The Company is dedicated to advancing its Chibougamau Copper-Gold Project in Quebec with an aggressive exploration program to drive resource growth and develop a hub-and-spoke operation model with its centralised processing facility. The information in this release that relates to the Mineral Resource Estimate for the Chibougamau Project reported in accordance with the JORC Code (2012 Edition) and NI 43-101 was released by Cygnus in an announcement titled 'Major Resource Update' released to the ASX on 17 September 2025 and subsequent technical report dated 31 October 2025 titled "NI 43-101 Technical Report Chibougamau Hub and Spoke Complex, Quebec, Canada" prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") and the JORC Code (2012 Edition).
お知らせ • Jan 20Cygnus Metals Limited Announces High Priority Gold Drilling Targets, with Permit Applications in Progress, At its Chibougamau Copper-Gold Project in QuebecCygnus Metals Limited announced high priority gold drilling targets, with permit applications in progress, at its Chibougamau Copper-Gold Project in Quebec. Cygnus is continuing to aggressively explore the highly prospective Chibougamau Project and grow resources in line with the Company’s value creation strategy. Two high priority drill targets have been identified which are both known to have significant high-grade gold mineralisation and little modern exploration. The Gwillim Project (50% JV with Alamos Gold) is located 12km northwest of the Chibougamau processing facility and has several gold rich structures running through the project. The Gwillim mine was in production in the 1970s and 1980s and produced 39koz at a grade of 4.8g/t. The main target sits 500m to the south of the historic mine and has a number of wide, high-grade intercepts which require follow up. These intersections include: 7.6m @ 38.1g/t Au from 314.9m (87-KOD-18);15.2m @ 9.4g/t Au from 155.1m (87-KOD-1); and16.4m @ 8.3g/t Au from 168.3m (87-KOD-10). Work is ongoing to compile the data and generate drill targets while the drill permit application is in process. The Joe Mann Project is located 46km south of the Chibougamau processing facility and was a past producing mine which closed in 2007. Joe Mann was known for its high-grade, producing 1.2Moz at a grade of 8.3g/t Au. The deposit is still open below existing workings and contains an Inferred Resource of 0.7Mt at 6.0g/t Au for 143koz Au. The Joe Mann Project covers 62km and hosts a number of near-surface regional drilling targets that require follow up work, some of which with high-grade gold intersections like:0.7m @ 480.2g/t Au from 92.3m (H-118);3.8m @ 20.8g/t Au from 287.2m (H-214); and8.4m @ 6.3g/t Au from 175.6m (H-374). Cygnus recently flew detailed airborne magnetics over the project to assist with targeting. This is being used in conjunction with the existing drilling and planned IP surveys to plan follow-up drilling. The Joe Mann Project is located in the heart of the area owned by Northern Superior Resources which was recently acquired by IAMGOLD’s for CAD 267.4 million. This acquisition consolidates a number of significant resources in the area with IAMGOLD’s Nelligan gold deposit. Cygnus is continuing its exploration strategy, focussed on resource growth and resource conversion, to drive the Chibougamau Project forward and deliver maximum returns to shareholders. In line with this strategy, drilling is expected to resume later this month at the Golden Eye deposit to test extensions below the current resource as well as converting more resources to the Indicated category. The current resource at Golden Eye includes an Indicated Resource of 0.5Mt at 5.6g/t AuEq for 91koz AuEq and Inferred Resource of 1.2Mt at 4.6g/t AuEq for 182koz AuEq. The Chibougamau area has well-established infrastructure, giving the Project a significant headstart as a copper-gold development opportunity. This infrastructure includes a 900,000tpa processing facility, local mining town, sealed highway, airport, regional rail infrastructure and 25kV hydro power to the processing site. Significantly, the Chibougamau processing facility is the only processing facility within a 250km radius.