This company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsPembridge Resources (18AA) 주식 개요Pembridge Resources plc focuses on exploring base and precious metals in Canada. 자세히 보기18AA 펀더멘털 분석스노우플레이크 점수가치 평가4/6미래 성장0/6과거 실적0/6재무 건전성3/6배당0/6강점공정 가치 추정치보다 낮은 99.3% 에서 거래위험 분석의미 있는 시가총액이 없습니다(€255K)수익이 USD$1m 미만입니다($0)주식은 유동성이 매우 낮습니다모든 위험 점검 보기18AA Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value€Current Price€0.0005해당 없음내재 할인율Est. Revenue$PastFuture-11m21m2016201920222025202620282031Revenue US$0.6Earnings US$0.07AdvancedSet Fair ValueView all narrativesPembridge Resources plc 경쟁사Pasinex ResourcesSymbol: DB:PNXMarket cap: €13.6mA.I.S. ResourcesSymbol: TSXV:AISMarket cap: CA$6.4mAlice QueenSymbol: ASX:AQXMarket cap: AU$15.4mGreenland ResourcesSymbol: DB:M0LYMarket cap: €119.4m가격 이력 및 성과Pembridge Resources 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가UK£0.000552주 최고가UK£0.0352주 최저가UK£0.0005베타0.881개월 변동0%3개월 변동-80.00%1년 변동-98.31%3년 변동-97.52%5년 변동n/aIPO 이후 변동-99.98%최근 뉴스 및 업데이트공시 • May 25Pembridge Resources plc, Annual General Meeting, Jun 12, 2023Pembridge Resources plc, Annual General Meeting, Jun 12, 2023, at 09:00 Coordinated Universal Time. Location: 45 Gresham Street, London, EC2V 7BG London United Kingdom공시 • Nov 19Pembridge Resources plc announced that it has received £4.673773 million in fundingPembridge Resources plc announced that it has closed loan agreement for gross proceeds of up to £4,673,773 on November 18, 2022. The convertible loan carry a interest rate of 14%, repayable by 31 December 2025. The loan notes may be converted into ordinary shares. The transaction will include participation from returning investor Gati Al-Jebouri, CEO and Chairman. The transaction is approved by the board of directors of the company.Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Chairman, MD & CEO Gati Al-Jebouri was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Chairman, MD & CEO Gati Al-Jebouri was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.공시 • Dec 19Pembridge Resources plc announced that it has received £0.08 million in fundingPembridge Resources plc announced that it has issued convertible loan and received gross proceeds of £80,000 on December 17, 2021. The transaction included participation from Gati Al-Jebouri, chief executive officer of the company. The loan doesn't carry any interest rate and is to be converted to common shares at an exercise price of £0.05 on or shortly after May 17, 2022.Board Change • Dec 05Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Chairman, MD & CEO Gati Al-Jebouri was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.더 많은 업데이트 보기Recent updates공시 • May 25Pembridge Resources plc, Annual General Meeting, Jun 12, 2023Pembridge Resources plc, Annual General Meeting, Jun 12, 2023, at 09:00 Coordinated Universal Time. Location: 45 Gresham Street, London, EC2V 7BG London United Kingdom공시 • Nov 19Pembridge Resources plc announced that it has received £4.673773 million in fundingPembridge Resources plc announced that it has closed loan agreement for gross proceeds of up to £4,673,773 on November 18, 2022. The convertible loan carry a interest rate of 14%, repayable by 31 December 2025. The loan notes may be converted into ordinary shares. The transaction will include participation from returning investor Gati Al-Jebouri, CEO and Chairman. The transaction is approved by the board of directors of the company.Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Chairman, MD & CEO Gati Al-Jebouri was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Chairman, MD & CEO Gati Al-Jebouri was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.공시 • Dec 19Pembridge Resources plc announced that it has received £0.08 million in fundingPembridge Resources plc announced that it has issued convertible loan and received gross proceeds of £80,000 on December 17, 2021. The transaction included participation from Gati Al-Jebouri, chief executive officer of the company. The loan doesn't carry any interest rate and is to be converted to common shares at an exercise price of £0.05 on or shortly after May 17, 2022.Board Change • Dec 05Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Chairman, MD & CEO Gati Al-Jebouri was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Director Overboarding • Aug 18Director Guy Le Bel has joined 3rd company boardGuy Le Bel has been appointed to the board of Aquila Resources Inc. (TSX:AQA). Le Bel now sits on a total of 3 company boards. With 3 board positions including the role of CEO at Aquila Resources Inc. (TSX:AQA), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model.공시 • Jun 04Pembridge Resources plc announced that it has received $3 million in fundingOn June 3, 2021, Pembridge Resources plc (LSE:PERE) closed the transcation. The company issued 300 convertible loan notes for gross proceeds of $3,000,000. The transaction included participation from Gati Al-Jebouri, CEO and Chairman for $500,000.공시 • May 13Pembridge Resources plc Announces Key Results from Minto Exploration Ltd. Ni 43-101 Preliminary Economic Assessment Technical Report and the Resulting Estimate of Minto's Mine Life and Net Present ValuePembridge Resources plc announced the key results from Minto Exploration Ltd. NI 43-101 Preliminary Economic Assessment Technical Report and the resulting estimate of Minto's mine life and Net Present Value. In February 2021, JDS Engineering & Mining Inc. was commissioned by Minto to prepare a Technical Report, which updates the results of the Competent Person's Report commissioned by Pembridge and delivered in June 2019 with mineral deposits assessment as at 31 May 2019. Total Resources have been increased from 22,554 kt1 (including 1,4171 kt of Reserves) to 24,105 kt with a resulting change in Cu Metal Resources from 7122 Mlbs (including 602 Mlbs of Reserves) to 727 Mlbs; Au Metal Resources from 394 koz (including 312 koz of Reserves) to 396 koz; Ag Metal Reserves and Resources from 3,5522 koz (including 3032 koz of Reserves) to 3,947 koz. The Resources modelled in the Technical Report were based on an 8 year mine life. Given the utilisation of only 45% of the total Resources in the projected 8 year mine life and the fact that inferred resources lack sufficient drilling and mine planning and the significant unexplored areas within the Minto claim package, management expects to increase the life of mine to over 15 years, subject to successful results of such drilling and applicable mine planning. Economic model The Technical Report includes an economic model that has been developed by JDS using the following key assumptions: Long term copper price of USD 3.10/lb; gold price of USD 1,550/oz and silver price of USD 18.50/oz. Agreed upon terms for new amendment of streaming agreement with Wheaton Precious Metals Corp. for gold produced by Minto expected to be signed shortly. Long term USD to CAD exchange rate of 1.316. Ore quantities mined and grades for copper, gold and silver as per the latest mine plan developed as part of the Technical Report. NPV discount rate of 8%. The economic model presented in the Technical Report shows a NPV after Canadian taxes and royalties of USD 84 million and average annual EBITDA in excess of USD 40 million between 2021 and 2025 when applying the following price assumptions.공시 • Feb 08Pembridge Resources plc Announces Drilling Results at the Minto MinePembridge Resources plc has recently received drill results from the Minto Explorations Ltd. ("Minto") mine's 2019 - 2020 definition and step-out drilling campaign. Drilling was conducted on the Minto North II, Copper Keel South, Copper Keel West, and Copper Keel North areas. The interpretation of the results from the 2019-2020 drill programme strengthens the Company's vision to extend mine life and demonstrate the continuity of underground ore deposits. Minto is now working on a National Instrument 43-101 Preliminary Economic Assessment Report (PEA), which will incorporate the results from the 2019 - 2020 drilling campaign. The report is expected to be released in Second Quarter 2021. Minto is planning an exploration drill programme for 2021 with the objective of further expanding resources and advancing numerous high-priority near-mine and regional targets in the Minto Copper Belt. The Minto North II deposit is located southeast from the Minto North open pit. The Minto North ore body is the highest-grade deposit on the property and was mined out by open-pit in 2016, which made the Minto North II drill target a high-priority. The main purpose of the drill programme was to confirm the location of the ore body and its extent as there were only 10 historic drill holes drilled prior to the 2020 programme. The 2020 drill programme was completed on 25m to 30m drill spacing totaling 5,609 meters with 31 drill holes with NQ diameter. The phase I drill programme focused on the central portion of the ore body. Results of the phase I programme indicated that the Minto North II ore body is a flat-lying, shallow lens that lies about 175 metres below surface and approximately 90 metres to the east from the Minto North ore body. Due to the successful results of the phase I programme, the second phase was targeting the extension and definition of the ore body to the south and to the east based on information obtained from a high-resolution MAGTM drone survey in combination with a 3D inverted Titan 24 DC-IP geophysical survey. The phase II drilling results indicate that the Minto North II ore body extends to the south and is cut off by a major NNW-trending fault to the east. The Copper Keel South lens is located southwest from the Copper Keel Main mining area. The Copper Keel South deposit was drilled to test its extension towards the southwest due to its proximity to the Copper Keel Main lens, which accounts for most of the current production stopes at the mine. Surface drilling consisted of 15 drill holes in NQ diameter, totaling 3,816 metres. The 2020 drill programme confirmed that the Copper Keel South deposit is a northwest trending ore body that consists of multiple stacked lenses. The largest and upper most lens gently dips towards the east and extends back to the Copper Keel Main mining area, therefore it likely represents the upward western continuation of the Copper Keel Main ore body. The Copper Keel West lens lies west of the Copper Keel Main production area. A total of 5 NQ drill holes, totaling 2,211 metres were drilled targeting gaps of coverage in the ore lens. Five drill holes with a total of 2,211 metres were drilled. Due to difficult ground conditions and overburden this surface programme was shortened and substituted with an underground drilling programme which consisted of 2,618 metres and 12 diamond drill holes with NQ diameter to fill the gaps of coverage caused by the difficult drilling conditions on surface. An additional 2 condemnation drill holes (156m) were also completed from underground. The Copper Keel North deposit is located north of the Copper Keel Main mining area. A total of 11 drill holes, 4,848 metres of surface drilling was conducted on the Copper Keel North area with the aim to define and expand the lens towards the north. Due to the promising results of the surface programme, the focus of the underground drilling was to test the extension of the deposit to the north and to infill the gaps in the central portion of the lens. The programme consisted of 6 NQ drill holes, totaling 1,161 metres. While the underground assays are currently pending and will be communicated in a future news release, the results of the surface programme indicate that the Copper Keel North deposit lies to the north approximately 100 to 150 metres below the Copper Keel Main area. The Copper Keel North deposit is open to the north where have a highly prospective area that coincides with the right geophysical anomalies and will be tested during the 2021 drill programme.주주 수익률18AADE Metals and MiningDE 시장7D0%6.1%-1.5%1Y-98.3%98.7%0.2%전체 주주 수익률 보기수익률 대 산업: 18AA은 지난 1년 동안 98.7%의 수익을 기록한 German Metals and Mining 산업보다 저조한 성과를 냈습니다.수익률 대 시장: 18AA은 지난 1년 동안 0.2%를 기록한 German 시장보다 저조한 성과를 냈습니다.주가 변동성Is 18AA's price volatile compared to industry and market?18AA volatility18AA Average Weekly Movementn/aMetals and Mining Industry Average Movement9.5%Market Average Movement6.0%10% most volatile stocks in DE Market12.8%10% least volatile stocks in DE Market2.7%안정적인 주가: 18AA의 주가는 지난 3개월 동안 German 시장보다 변동성이 컸습니다.시간에 따른 변동성: Insufficient data to determine 18AA의 변동성 변화를 판단할 수 없습니다.회사 소개설립직원 수CEO웹사이트20103Gati Al-Jebouriwww.pembridgeresources.com더 보기Pembridge Resources plc 기초 지표 요약Pembridge Resources의 순이익과 매출은 시가총액과 어떻게 비교됩니까?18AA 기초 통계시가총액€254.64k순이익 (TTM)-€7.21m매출 (TTM)n/a0.0x주가매출비율(P/S)0.0x주가수익비율(P/E)18AA는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표18AA 손익계산서 (TTM)매출US$0매출원가US$0총이익US$0기타 비용US$8.00m순이익-US$8.00m최근 보고된 실적Dec 31, 2022다음 실적 발표일해당 없음주당순이익(EPS)-0.083총이익률0.00%순이익률0.00%부채/자본 비율270.8%18AA의 장기 실적은 어땠습니까?과거 실적 및 비교 보기View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2023/07/27 02:26종가2023/05/18 00:00수익2022/12/31연간 수익2022/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Pembridge Resources plc는 0명의 분석가가 다루고 있습니다. 이 중 명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.
공시 • May 25Pembridge Resources plc, Annual General Meeting, Jun 12, 2023Pembridge Resources plc, Annual General Meeting, Jun 12, 2023, at 09:00 Coordinated Universal Time. Location: 45 Gresham Street, London, EC2V 7BG London United Kingdom
공시 • Nov 19Pembridge Resources plc announced that it has received £4.673773 million in fundingPembridge Resources plc announced that it has closed loan agreement for gross proceeds of up to £4,673,773 on November 18, 2022. The convertible loan carry a interest rate of 14%, repayable by 31 December 2025. The loan notes may be converted into ordinary shares. The transaction will include participation from returning investor Gati Al-Jebouri, CEO and Chairman. The transaction is approved by the board of directors of the company.
Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Chairman, MD & CEO Gati Al-Jebouri was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Chairman, MD & CEO Gati Al-Jebouri was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
공시 • Dec 19Pembridge Resources plc announced that it has received £0.08 million in fundingPembridge Resources plc announced that it has issued convertible loan and received gross proceeds of £80,000 on December 17, 2021. The transaction included participation from Gati Al-Jebouri, chief executive officer of the company. The loan doesn't carry any interest rate and is to be converted to common shares at an exercise price of £0.05 on or shortly after May 17, 2022.
Board Change • Dec 05Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Chairman, MD & CEO Gati Al-Jebouri was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
공시 • May 25Pembridge Resources plc, Annual General Meeting, Jun 12, 2023Pembridge Resources plc, Annual General Meeting, Jun 12, 2023, at 09:00 Coordinated Universal Time. Location: 45 Gresham Street, London, EC2V 7BG London United Kingdom
공시 • Nov 19Pembridge Resources plc announced that it has received £4.673773 million in fundingPembridge Resources plc announced that it has closed loan agreement for gross proceeds of up to £4,673,773 on November 18, 2022. The convertible loan carry a interest rate of 14%, repayable by 31 December 2025. The loan notes may be converted into ordinary shares. The transaction will include participation from returning investor Gati Al-Jebouri, CEO and Chairman. The transaction is approved by the board of directors of the company.
Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Chairman, MD & CEO Gati Al-Jebouri was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Chairman, MD & CEO Gati Al-Jebouri was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
공시 • Dec 19Pembridge Resources plc announced that it has received £0.08 million in fundingPembridge Resources plc announced that it has issued convertible loan and received gross proceeds of £80,000 on December 17, 2021. The transaction included participation from Gati Al-Jebouri, chief executive officer of the company. The loan doesn't carry any interest rate and is to be converted to common shares at an exercise price of £0.05 on or shortly after May 17, 2022.
Board Change • Dec 05Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Chairman, MD & CEO Gati Al-Jebouri was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Director Overboarding • Aug 18Director Guy Le Bel has joined 3rd company boardGuy Le Bel has been appointed to the board of Aquila Resources Inc. (TSX:AQA). Le Bel now sits on a total of 3 company boards. With 3 board positions including the role of CEO at Aquila Resources Inc. (TSX:AQA), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model.
공시 • Jun 04Pembridge Resources plc announced that it has received $3 million in fundingOn June 3, 2021, Pembridge Resources plc (LSE:PERE) closed the transcation. The company issued 300 convertible loan notes for gross proceeds of $3,000,000. The transaction included participation from Gati Al-Jebouri, CEO and Chairman for $500,000.
공시 • May 13Pembridge Resources plc Announces Key Results from Minto Exploration Ltd. Ni 43-101 Preliminary Economic Assessment Technical Report and the Resulting Estimate of Minto's Mine Life and Net Present ValuePembridge Resources plc announced the key results from Minto Exploration Ltd. NI 43-101 Preliminary Economic Assessment Technical Report and the resulting estimate of Minto's mine life and Net Present Value. In February 2021, JDS Engineering & Mining Inc. was commissioned by Minto to prepare a Technical Report, which updates the results of the Competent Person's Report commissioned by Pembridge and delivered in June 2019 with mineral deposits assessment as at 31 May 2019. Total Resources have been increased from 22,554 kt1 (including 1,4171 kt of Reserves) to 24,105 kt with a resulting change in Cu Metal Resources from 7122 Mlbs (including 602 Mlbs of Reserves) to 727 Mlbs; Au Metal Resources from 394 koz (including 312 koz of Reserves) to 396 koz; Ag Metal Reserves and Resources from 3,5522 koz (including 3032 koz of Reserves) to 3,947 koz. The Resources modelled in the Technical Report were based on an 8 year mine life. Given the utilisation of only 45% of the total Resources in the projected 8 year mine life and the fact that inferred resources lack sufficient drilling and mine planning and the significant unexplored areas within the Minto claim package, management expects to increase the life of mine to over 15 years, subject to successful results of such drilling and applicable mine planning. Economic model The Technical Report includes an economic model that has been developed by JDS using the following key assumptions: Long term copper price of USD 3.10/lb; gold price of USD 1,550/oz and silver price of USD 18.50/oz. Agreed upon terms for new amendment of streaming agreement with Wheaton Precious Metals Corp. for gold produced by Minto expected to be signed shortly. Long term USD to CAD exchange rate of 1.316. Ore quantities mined and grades for copper, gold and silver as per the latest mine plan developed as part of the Technical Report. NPV discount rate of 8%. The economic model presented in the Technical Report shows a NPV after Canadian taxes and royalties of USD 84 million and average annual EBITDA in excess of USD 40 million between 2021 and 2025 when applying the following price assumptions.
공시 • Feb 08Pembridge Resources plc Announces Drilling Results at the Minto MinePembridge Resources plc has recently received drill results from the Minto Explorations Ltd. ("Minto") mine's 2019 - 2020 definition and step-out drilling campaign. Drilling was conducted on the Minto North II, Copper Keel South, Copper Keel West, and Copper Keel North areas. The interpretation of the results from the 2019-2020 drill programme strengthens the Company's vision to extend mine life and demonstrate the continuity of underground ore deposits. Minto is now working on a National Instrument 43-101 Preliminary Economic Assessment Report (PEA), which will incorporate the results from the 2019 - 2020 drilling campaign. The report is expected to be released in Second Quarter 2021. Minto is planning an exploration drill programme for 2021 with the objective of further expanding resources and advancing numerous high-priority near-mine and regional targets in the Minto Copper Belt. The Minto North II deposit is located southeast from the Minto North open pit. The Minto North ore body is the highest-grade deposit on the property and was mined out by open-pit in 2016, which made the Minto North II drill target a high-priority. The main purpose of the drill programme was to confirm the location of the ore body and its extent as there were only 10 historic drill holes drilled prior to the 2020 programme. The 2020 drill programme was completed on 25m to 30m drill spacing totaling 5,609 meters with 31 drill holes with NQ diameter. The phase I drill programme focused on the central portion of the ore body. Results of the phase I programme indicated that the Minto North II ore body is a flat-lying, shallow lens that lies about 175 metres below surface and approximately 90 metres to the east from the Minto North ore body. Due to the successful results of the phase I programme, the second phase was targeting the extension and definition of the ore body to the south and to the east based on information obtained from a high-resolution MAGTM drone survey in combination with a 3D inverted Titan 24 DC-IP geophysical survey. The phase II drilling results indicate that the Minto North II ore body extends to the south and is cut off by a major NNW-trending fault to the east. The Copper Keel South lens is located southwest from the Copper Keel Main mining area. The Copper Keel South deposit was drilled to test its extension towards the southwest due to its proximity to the Copper Keel Main lens, which accounts for most of the current production stopes at the mine. Surface drilling consisted of 15 drill holes in NQ diameter, totaling 3,816 metres. The 2020 drill programme confirmed that the Copper Keel South deposit is a northwest trending ore body that consists of multiple stacked lenses. The largest and upper most lens gently dips towards the east and extends back to the Copper Keel Main mining area, therefore it likely represents the upward western continuation of the Copper Keel Main ore body. The Copper Keel West lens lies west of the Copper Keel Main production area. A total of 5 NQ drill holes, totaling 2,211 metres were drilled targeting gaps of coverage in the ore lens. Five drill holes with a total of 2,211 metres were drilled. Due to difficult ground conditions and overburden this surface programme was shortened and substituted with an underground drilling programme which consisted of 2,618 metres and 12 diamond drill holes with NQ diameter to fill the gaps of coverage caused by the difficult drilling conditions on surface. An additional 2 condemnation drill holes (156m) were also completed from underground. The Copper Keel North deposit is located north of the Copper Keel Main mining area. A total of 11 drill holes, 4,848 metres of surface drilling was conducted on the Copper Keel North area with the aim to define and expand the lens towards the north. Due to the promising results of the surface programme, the focus of the underground drilling was to test the extension of the deposit to the north and to infill the gaps in the central portion of the lens. The programme consisted of 6 NQ drill holes, totaling 1,161 metres. While the underground assays are currently pending and will be communicated in a future news release, the results of the surface programme indicate that the Copper Keel North deposit lies to the north approximately 100 to 150 metres below the Copper Keel Main area. The Copper Keel North deposit is open to the north where have a highly prospective area that coincides with the right geophysical anomalies and will be tested during the 2021 drill programme.
