Announcement • Jul 15
CopAur Minerals Inc. Files Technical Report for the Preliminary Economic Assessment for Kinsley Mountain Gold Project CopAur Minerals Inc. has filed the Technical Report for the Preliminary Economic Assessment for its 100%-owned Kinsley Mountain Gold Project in eastern Nevada, 80 km south of West Wendover, on SEDAR+. At a long-term Consensus Gold Price of USD 4,000/oz Au, the Project yields a post-tax NPV (5%) of USD 104 million, a post-tax IRR of 49%, and a post-tax payback period of 1.8 years. The Preliminary Economic Assessment also reports a 52% growth over the previous Mineral Resource Estimate to 742,000 Indicated ounces at 1.11 grams-per-tonne gold and 69,000 Inferred ounces at 1.98 g/t Au, which includes 384,000 Indicated ounces at 5.32 g/t Au within the high-grade Secret Canyon zone. CopAur retained Global Resource Engineering and APEX Geoscience Ltd. to complete the Preliminary Economic Assessment and prepare the technical report in compliance with the guidelines of National Instrument 43-101 Standards of Disclosure for Mineral Projects. The engineering and financial information as it relates to the Preliminary Economic Assessment results contained in this news release has been reviewed and approved by Dr. Todd Harvey, PhD, Queens University, Kingston, Ontario, a Qualified Person under the Society of Mining Engineers Registered Member accreditation, President of Process Engineering for Global Resource Engineering, of Golden, Colorado, and “Qualified Person” as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. The scientific and technical information as it relates to geology & mineralization contained in this news release has been reviewed and approved by Kristopher J. Raffle, P.Geo. (BC), Principal and Consultant of APEX Geoscience Ltd. of Edmonton, AB, and “Qualified Person” as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. New Risk • Jul 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (37% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable next year (CA$2.2m net loss next year). Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (CA$16.3m market cap, or US$11.5m). New Risk • Mar 22
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 19% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 48% per year over the past 5 years. Shareholders have been substantially diluted in the past year (47% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$18.7m market cap, or US$13.6m).