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Gladiator Metals Targets 100 Million Tonnes Above 1% Copper Equivalent
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ticker lesson
Breakdown
0:02lesson
Company overview and funding
- Market cap cash and debt to size company
- White Horse COP project sole project
- 120 million shares outstanding
- $300 million market cap
- Raised 35 million in August
- 45 million in the bank
- Funded for next year
- Third retail, third institutional, third high net worth
1:54lesson
Project history and geology
- Brownfield project with prior mining
- White Horse mine operated 1967-1982
- 10-12 million tons mined
- 1.5% copper, 1 gram gold
- Closed due to low copper prices
- Exploration focused on milfeed
- Historical data not assayed below 1%
- Chief geologist anecdote about 40 m deep
3:45lesson
Team and experience
- Marcus Harden - 25 years geology
- Kel Nielsen - VP exploration
- Jason Bontempo - CEO with 30 years capital market experience
- Sean Kun - founding director
- Darren Devine - board of K92 and Dolly
5:50lesson
Scar deposit explanation
- Intrusion cooling creates fluids
- Acid fluids neutralize alkali rock
- Copper and gold concentrate
- Targeting contact between intrusion and limestone
- Narrow band 150-20 than contact
8:03lesson
Drilling results and targets
- Gravity data reveals mineralized bodies
- 11 gravity highs drilled, all mineralized
- Cowi target with 40-50 million tons 1% copper
- Cub East with 45 m of 3% copper
- IP data shows sulfide content
- Systematic drilling with class 3 permit
12:05lesson
Project access and costs
- Flat terrain, close to Alaska Highway
- Existing roads and trails
- No need for camp
- All-in drill cost $280/m
- Drill all year round
14:16lesson
Drilling depth and grades
- Exploration limited to 250 m depth
- Cowi at 1% copper equivalent
- Cub East at 2.5-3% copper
- 20 m wide zone of 3-5% copper
- Still open in all directions
16:28lesson
Investor breakdown
- Third retail, third institutional, third high net worth
- Rimco - technically driven fund
- Ixios McKenzie, 1832, Danak, McQuary
- Black Rockck - 35 million raise
- Share price increased from 35c to 268c
18:29lesson
First Nations relationships
- Quanand Dunan and Tan Quetchin Council
- Coin family - 12-13% ownership
- Kawani Drilling - 290 rigs worldwide
- Social license support from First Nations
20:39lesson
Project size and potential
- Target 100 million tons at 1% copper
- Comparable to Foran, Firefly, Marramac
- Open pitable resources
- Cowi at 45-50 million tons
- Cub East with higher grades
22:45lesson
Unanswered questions and drilling focus
- Focus on multiple targets
- Cali and Cub East results monthly
- Drilling 3-4 months to build resources
- Prioritize targets with highest impact
24:54lesson
Future drilling and targets
- Valerie target with 2.5 km gravity anomaly
- Drilled every 400 m with 1% copper
- Systematic drilling to 40 m depth
- Potential for significant resource
26:54lesson
Infrastructure and logistics
- Existing roads and trails
- Close to White Horse
- Hydropower and substations
- Port of Skagway 2-hour drive
- High-quality concentrate with no deleterious elements
28:56lesson
Project outlook and next steps
- Significant resource potential
- High confidence in targets
- News flow over next months
- Impact on company value
- Website for contact details
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