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Canadian Critical Minerals (TSXV:CCMI,OTCQB:RIINF) advances two copper projects in tier 1 mining jurisdictions in Canada. The main project is the 100 percent-owned Bull River Mine near Cranbrook, British Columbia with a mineral resource of 135 million pounds (Mlbs) copper. CCMI also owns a 34 percent interest in the Thierry mine at Pickle Lake, Ontario, which has a mineral resource base containing 1.3 billion pounds (Blbs) copper with other metals, including nickel, silver, palladium, platinum and gold.
CCMI plans to restart the Bull River mine and return it to production. The company is currently securing permits to restart the mine at its designed capacity of 700 tons per day (tpd). In the meantime, CCMI has begun selling pre-concentrated copper, gold and silver ore from the surface stockpiles at Bull River through an ore purchase agreement with New Afton.
In April 2024, the company transported 362 wet metric tons (wmt) of mineralized material to New Afton and received a payment of US$72,445 for the shipment. The sale of stockpiles should provide near-term cash flow, which will be used to restart the Bull River mine. The current stockpile at Bull River is estimated at 180,000 tons (or 6.14 Mlbs copper equivalent) valued at approximately C$30 million.
The Bull River project is near Cranbrook, British Columbia and comprises 21 mineral claims covering an area of 10,285 hectares. It is a tier 1 mining jurisdiction with year-round access to the site by paved and all-weather roads, as well as being connected to the BC Hydro hydroelectric power grid. Bull River was a producing mine from 1971 to 1974.
Company Highlights
- Canadian Critical Minerals is a Canada-based exploration and development company focused on the battery and critical minerals space.
- Two advanced Copper projects in Canada – the 100 percent owned Bull River mine in British Columbia and a 34 percent interest in the Thierry mine in Ontario.
- Focused on restarting the past-producing Bull River mine, currently under care and maintenance.
- The mine has a current surface stockpile, which is generating revenue for the company, estimated at 180,000 tons (or 6.14 Mlb copper equivalent), valued at ~C$30 million.
- The Thierry Project is a past-producing copper and nickel mine with excellent infrastructure and year-round access. The current mineral resource estimate indicates 1.3 billion pounds of copper.
- Thierry mine has a PEA study indicating after-tax NPV @6 percent of C$488 million with an IRR of 36 percent.
- Given its 34 percent interest in Thierry mine, CCMI can benefit from any positive assay results from the drilling program at Thierry mine completed last year and future exploration.
- Copper remains in a long-term secular bull market. The demand for copper is forecast to exceed the current supply. CCMI, with its two advanced copper projects, is well positioned to benefit from future growth opportunities.
This Canadian Critical Minerals profile is part of a paid investor education campaign.*
CCMI:CA
Horizon Minerals
Investor Insight
Horizon Minerals’ near-term cash-flow potential, large-scale gold resource base, and strategic processing infrastructure in the prolific Western Australian Goldfields position the company to transition into a sustainable, standalone mid-tier gold producer. Recent acquisitions, operational start-ups and high-grade resource expansions strengthen Horizon’s ability to leverage record gold prices and deliver consistent shareholder returns.
Overview
Horizon Minerals (ASX:HRZ,OTC:HRZMF) is an emerging standalone gold producer strategically positioned in the heart of Western Australia’s world-class goldfields. The company has built a robust portfolio of high-quality gold projects complemented by significant base and precious metal resources, all within easy haulage distance of key processing infrastructure.
Horizon currently holds 1.8 Moz of resources across 1,386 sq km of exploration tenure.
Following the transformational merger with Poseidon Nickel in early 2025 and the acquisition of the Gordons project in August 2025, Horizon now controls a total mineral resource of 1.82 million ounces (Moz) of gold at an average grade of 1.84 grams per ton (g/t), along with substantial silver, zinc, nickel, cobalt and manganese resources.
Central to Horizon’s growth strategy is the 2.2 Mtpa Black Swan processing facility, acquired through the Poseidon transaction. Located just 40 km north of Kalgoorlie, the plant is currently on care and maintenance but is fully permitted and connected to power and water. A low-capex refurbishment and conversion to a gold CIL circuit is underway, forming the backbone of Horizon’s plan to establish a sustainable ~100,000 ounce per annum production profile from late 2026.
The Black Swan processing facility is at the heart of Horizon’s stand-alone gold production strategy.
In parallel, Horizon is generating strong near-term cash flow from ore sales and toll milling arrangements at its Boorara and Phillips Find operations, respectively, both of which have delivered first gold in 2025. These operations, together with high-grade satellite deposits such as Burbanks, Penny’s Find, Cannon and the newly acquired Gordons Dam, will provide the feedstock for Black Swan’s initial five-year mine plan.
The company’s consolidated 1,386 sq km landholding spans some of the most prospective geological trends in the Goldfields, offering a mix of advanced development assets, near-mill open pits, and highly prospective exploration ground. With approximately 50,000 metres of drilling budgeted for FY25–26, Horizon is targeting both resource growth and upgrades in confidence across its portfolio.
Leveraging record gold prices and a strong balance sheet, Horizon is now at an inflection point – transitioning from a developer with multiple growth options into a fully integrated, cash-generating, standalone Western Australian gold producer.
Company Highlights
- Emerging standalone gold producer with an extensive WA Goldfields portfolio and a total mineral resource of 1.82 million ounces gold plus significant silver, zinc, nickel, cobalt and manganese resources.
- Acquisition of Poseidon Nickel delivers the 2.2 million tonnes per annum (Mtpa) Black Swan processing facility, strategically located 40 km north of Kalgoorlie, with refurbishment studies underway for conversion to a gold carbon-in-leach (CIL) plant.
- Acquisition of the Gordons project from Yandal Resources adds 77 sq km of tenure near Black Swan, including the Gordons Dam deposit (365 kt @ 1.7 grams per ton gold for 20 koz) with strong exploration upside.
- Continuous cash flow generation from two producing mines, via the ore sale agreement for Boorara (~AU$30 million estimated free cashflow at AU$3,600/oz) and the joint venture toll milling agreement at Phillips Find.
- Record gold prices (>AU$5,000/oz) underpin robust margins and fund ~50,000 metres of drilling in FY25–26, targeting both resource growth and confidence upgrades.
- Combined landholding of 1,386 sq km in Western Australia’s most productive gold belts, following the Poseidon and Gordons acquisitions
Key Projects
Boorara Gold Project
The Boorara gold project, located just 15 kilometres east of Kalgoorlie-Boulder, is Horizon’s cornerstone operation and the foundation of its near-term cashflow strategy. Over the past decade, extensive reverse circulation and diamond drilling has defined a substantial JORC 2012 mineral resource of 10.53 Mt grading 1.27 g/t gold for 428,000 ounces. Boorara is strategically positioned within trucking distance of multiple third-party processing facilities and only two kilometres from Horizon’s 100-percent-owned Nimbus silver-zinc project.
Mine operations at the Boorara gold project
Open pit mining commenced in August 2024, marking the start of Horizon’s transition to gold production. First ore was exposed and mined in late September 2024, with the inaugural gold pour achieved in January 2025. Mining operations are planned over approximately 14 months, with processing to occur over 19 months. A binding ore sale agreement with Paddington Gold provides for the processing of 1.24 Mt of Boorara ore at their Paddington mill until Q2 2026. The agreement is forecast to deliver more than AU$30 million in free cash flow at a gold price of AU$3,600/oz, with upside potential given current spot prices exceeding AU$5,000/oz.
Importantly, Boorara is not just a standalone deposit; it is the central baseload feed source in Horizon’s integrated production plan. It will be supplemented by higher-grade satellite ore from projects such as Burbanks, Penny’s Find, Cannon, Phillips Find and Gordons Dam. This blend of tonnage and grade is designed to optimise mill feed once Black Swan is recommissioned, extending the life of mine and improving overall project economics..
Phillips Find Gold Project
The Phillips Find gold project, 45 kilometres northwest of Coolgardie, is a high-grade goldfield with a production history of about 33,000 ounces. Horizon is advancing the project under a low-risk joint venture with BML Ventures, which funds and manages all mining and operational activities.
First ore was mined in late 2024, with the initial gold pour in February 2025 from toll treatment at FMR Investments’ Greenfields mill. Early campaigns processed 56,300 dry tonnes at 1.63 g/t gold for 2,807 ounces, sold at an average AU$4,894/oz, generating approximately AU$13.7 million in gross revenue to the JV.
Milling agreements include capacity at the Greenfields mill from February to June 2025 and a September-October 2025 campaign for 70,000 tonnes at Focus Minerals’ Three Mile Hill plant. An additional 80,000 tonnes of capacity has been reserved at Greenfields for future ore, giving Horizon strong processing flexibility while complementing production from Boorara and other satellite deposits.
Burbanks Gold Project
Horizon’s high-grade growth asset, the Burbanks gold project, lies nine kilometres southeast of Coolgardie on the prolific Burbanks Shear Zone. With historical production exceeding 420,000 ounces, Burbanks now hosts 465,000 ounces at 2.80 g/t gold across open pit and underground resources. The deposit remains open in all directions, and recent drilling has demonstrated strong potential for significant extensions, with a major 30,000 metre drill campaign underway to support the Black Swan five-year mine plan.
Gordons Project
In August 2025, Horizon expanded its near-mill project pipeline with the acquisition of the Gordons project from Yandal Resources. This 77 sq km package, only 10 kilometres from the Black Swan facility, includes the Gordons Dam deposit with 20,000 ounces in resource and multiple drill-ready prospects, such as Star of Gordon and Malone. The strategic location and exploration upside of Gordons make it an ideal fit for Horizon’s centralised processing strategy.
Black Swan Processing Facility
Existing flotation circuit and planned changes to facilitate gold production at Black Swan
At the heart of Horizon’s stand-along gold production strategy is the Black Swan processing facility, secured through a February 2025 merger with Poseidon Nickel. This 2.2 Mtpa concentrator, currently on care and maintenance, is being refurbished and converted to include a gold CIL circuit. All necessary approvals are in place, and engineering studies led by GR Engineering are progressing towards first gold production from Black Swan in late 2026. The plant’s location and capacity offer Horizon the ability to unlock value from its own resources and potentially treat stranded third-party ores.
Other Projects
Cannon Underground Project
- Fully permitted high-grade underground project 30km ESE of Kalgoorlie
- Pre-feasibility study complete
Penny’s Find
- High-grade UG project with MRE of 0.43Mt @ 4.57g/t Au for 63koz
- Pre-feasibility completed December 2024
Nimbus Silver-Zinc Project
- 12.1 Mt @ 52 g/t silver, 0.2 g/t gold, 0.9 percent zinc for 20.2 Moz silver, 77 koz gold, 104 kt zinc
- High-grade core: 0.26 Mt @ 774 g/t silver, 12.8 percent zinc
- Concept study supports concentrate production pathway
Management Team
Ashok Parekh – Non-executive Chairman
Ashok Parekh has over 33 years of experience advising mining companies and service providers in the mining industry. He has spent many years negotiating mining deals with publicly listed companies and prospectors, leading to new IPOs and the initiation of new gold mining operations. Additionally, he has been involved in managing gold mining and milling companies in the Kalgoorlie region, where he has served as managing director for some of these firms. Parekh is well-known in the West Australian mining industry and has a highly successful background in owning numerous businesses in the Goldfields. He was the executive chairman of ASX-listed A1 Consolidated Gold (ASX:AYC) from 2011 to 2014. He is a chartered accountant.
Warren Hallam - Non-executive Director
Warren Hallam is currently a non-executive director of St Barbara Limited and Poseidon Nickel Limited, and non-executive chairman of Kingfisher Mining Limited. Hallam has built a strong track record over 35 years in operations, corporate and senior leadership roles across multiple commodities. This includes previous Managing Director roles at Metals X Limited, Millenium Metals and Capricorn Metals. Hallam is a metallurgist with a Master in Mineral Economics from Curtin University.
Grant Haywood – Managing Director and Chief Executive Officer
Grant Haywood brings over three decades of experience in both underground and open-cut mining operations. During his career, he has served in senior leadership capacities in various mining companies, guiding them from feasibility through to development and operations. His experience spans various roles within junior and multinational gold mining companies, predominantly in the Western Australian goldfields, including positions at Phoenix Gold, Saracen Mineral Holdings, and Gold Fields. He is a graduate of the Western Australian School of Mines (WASM) and has also earned a Masters in Mineral Economics from the same institution.
Julian Tambyrajah – Chief Financial Officer & Company Secretary
Julian Tambyrajah is an accomplished global mining finance executive with more than 25 years of industry expertise. He is a certified public accountant and chartered company secretary. He has served as CFO of several listed companies including Central Petroleum (CTP), Crescent Gold (CRE), Rusina Mining NL, DRDGold, and Dome Resources NL. He has extensive experience in capital raising, some of which includes raising US$49 million for BMC UK, AU$122 million for Crescent Gold and AU$105 million for Central Petroleum.
Stephen Guy – Chief Geologist
Stephen Guy is a geologist with over 25 years of experience in the mining industry, specialising in exploration, production, and project start-ups for both open pit and underground operations. His career spans key regions in Australia, including Western Australia, New South Wales, and Queensland, where he has collaborated with leading companies such as BHP, Newcrest, St Barbara Gold, Fortescue Metals Group (FMG), and Gindalbie Metals. Guy’s expertise covers a diverse range of commodities, including gold, copper, nickel, base metals, and iron ore.
Rob Waugh – Non-Executive Director
Rob Waugh is a senior mining executive with more than 35 years’ experience in the resources sector, operating predominantly in gold and base metals. With a strong track record of exploration and discovery success, Waugh has held senior exploration management roles at WMC Resources and BHP and was previously the managing director of Musgrave Minerals, which was acquired for AU$200 million by Ramelius Resources in 2023.
Alice Queen
Investor Insight
Combining near-term discovery and development strategy, Alice Queen is positioned to unlock significant shareholder value through its high-impact gold projects in Fiji and Australia. Supported by strategic investors, it offers a rare blend of near-term exploration upside and longer-term development potential.
Overview
Alice Queen (ASX:AQX) is a gold exploration company targeting district-scale discoveries and near-term production opportunities. The company’s flagship project is the Viani gold project in Fiji, where early drilling results point to a major epithermal gold system similar to other epithermal gold systems hosted on the Pacific Ring of Fire with Fiji also hosting the 10 Moz Vatukoula gold mine. With a portfolio spanning the Pacific Ring of Fire and Australia's most prolific gold belts, Alice Queen combines geological potential with strategic capital access.
The company’s secondary asset, Horn Island, contains over half a million ounces of gold in a JORC-compliant resource. A previously released scoping study (2021) for Horn Island indicates an NPV of over AU$500 million, after an internal update on the numbers at AU$5,000/oz gold. Discussions with development partners are underway to unlock value from this asset, which could produce more than AU$800 million in free cash flow over a projected eight-year mine life.
Alice Queen’s shareholder registry is anchored by Gage Resource Development (51 percent) and includes significant long-term, and well-funded Australian investors. The company is pursuing a balanced strategy of value creation through drilling success, strategic partnerships and asset-level monetization.
Company Highlights
- High-impact Discovery at Viani in Fiji: Drilling at the Viani project has confirmed a significant low-sulphidation epithermal gold system with mineralization over a ~5 km strike, with assay results from recent drilling expected imminently.
- Established Gold Resource at Horn Island: The Horn Island project hosts a 524,000 oz JORC-compliant gold resource and is being advanced through potential development partnerships, offering near-term monetization opportunities.
- Strategic Financial Backing: Backed by major shareholder Gage Resource Development, a subsidiary of Beijing-based Gage Capital (US$1.6 billion AUM), ensuring access to growth capital and long-term support.
- Exceptional Leadership: Led by a highly experienced management team with a successful track record in global business and resource development.
Key Projects
Viani Project
The Viani gold project, located on Vanua Levu, Fiji’s second-largest island, is emerging as Alice Queen’s flagship exploration asset, with strong early indications of a large-scale, high-grade, low-sulphidation epithermal gold system. The project covers more than 200 sq km of underexplored ground within Fiji that hosts the Vatukoula gold mine, a +10 Moz deposit located on Fiji’s main island, Viti Levu. Viani’s main prospect, Dakuniba, has been the focus of extensive historical and current surface work, including trenching, rock chip sampling and limited historical drilling, which have collectively defined a mineralized corridor extending over ~5 km in strike length. Assay results from the maiden program have confirmed depth potential of high-grade gold to 175 m.
Gold mineralization is hosted in banded quartz veins and quartz-adularia stockworks associated with strong argillic and silicic alteration, indicative of a classic low-sulphidation system. Alice Queen has conducted detailed geochemical sampling and geophysical interpretation to delineate drill targets, with Phase 1 diamond drilling that commenced in December 2024. The current program comprises an initial three-hole diamond campaign (approximately 1,000 metres), targeting depth extensions of the mapped surface mineralization. The first hole, 24VDD001, intercepted zones of epithermal-style veining, with visible alteration and sulphide mineralization. The geophysical signature of the host rocks reveals zones of magnetite destruction associated with alteration, providing a critical exploration vector for further target generation. Over a dozen discrete structural targets have been identified within the broader 7 km hydrothermal corridor.
The company is exploring follow-up drilling and potential geophysical (ground mag) surveys as a way to identify where the structures that host the mineralisation broaden or dilate to refine these targets. The scale, alteration style and structural setting of the Viani system suggest the potential for a significant gold discovery, with parallels to other globally productive vein-hosted systems in the Pacific Rim.
Horn Island Project
Horn Island, located in the Torres Strait approximately 17 km off the northern coast of Queensland, is a development-stage project with an existing JORC 2012-compliant mineral resource estimate of 16.7 Mt at 0.98 g/t gold for 524,000 ounces of contained gold in the indicated and inferred categories. The project is classified as an intrusion-related gold system, characterized by sheeted vein systems, broad hydrothermal alteration, and disseminated gold mineralization associated with late-stage felsic intrusives.
The resource is centered on a historical open-pit gold mine and remains open to the northwest, with several additional prospects—including the Southern Silicified Ridge—identified within the project area. The mineralized zone is hosted in altered andesitic volcanics and quartz-feldspar porphyry intrusives, with gold associated with pyrite, arsenopyrite, and quartz-carbonate veining.
The project has full community backing, including a 7.5 percent free-carried interest held by the local Kaurareg Aboriginal People. It benefits from excellent infrastructure, including daily commercial flights, ferry access to nearby Thursday Island, and shipping links to Cairns and Weipa.
Alice Queen is currently engaged with several interested parties in partnership discussions about Horn Island via Argonaut PCF. The company is optimistic that a partnership deal can unlock significant shareholder value and reduce dilution.
Sabeto Project
The Sabeto Project is located within the Sabeto Valley on Fiji’s main island, Viti Levu, and sits within a 15 km east-west trending structural corridor that hosts both epithermal and porphyry-style mineralization. The project is situated between the historic Vuda gold prospect and Lion One’s (ASX:LLO) operating Tuvatu gold mine, which is hosted within the Nawainiu Intrusive Complex —the same intrusive suite that underlies the Sabeto project area. Sabeto is interpreted to host a sub-volcanic porphyry copper-gold breccia system, with historic drilling confirming broad zones of alteration and anomalous copper and gold values coincident with a ‘bullseye’ ZTEM resistivity high anomaly. This geophysical feature is interpreted as representing a buried intrusive centre, possibly related to porphyry-style mineralization.
The upcoming drill program at Sabeto is designed to test three priority targets, all defined by surface geochemistry, geophysical signatures and diatreme-style breccias. Proposed diamond hole A will test west of previous holes SBDD0001 and SBDD0004, targeting potential lateral continuity of the mineralized intrusive. Hole B aims to drill beneath an outcropping diatreme breccia with gold-copper anomalies, and under a significant gold soil anomaly 300 meters northwest of hole SBDD0003. Hole C will test the southern extent of a copper-anomalous diatreme breccia zone identified in mapping. The planned 1,800-meter program is expected to begin, following completion of the Viani Phase 1 campaign and will further test the scale and fertility of the porphyry system at Sabeto.
Boda East & Mendooran Projects
Located in the heart of the Lachlan Fold Belt (LFB), one of Australia's most fertile porphyry terranes, Alice Queen’s Boda East and Mendooran projects are early-stage copper-gold exploration assets. Boda East lies immediately adjacent to Alkane Resources’ (ASX:ALK) Boda and Kaiser deposits, which host large-scale porphyry-style copper-gold mineralization. Geological mapping and drilling at Boda East have confirmed the presence of porphyritic intrusives, hydrothermal breccias and disseminated sulphide mineralization, consistent with porphyry-related alteration. Eleven holes have been drilled to date, with several intersecting pathfinder elements and anomalous copper-gold grades. Further drilling is planned to vector toward the core of the system.
The Mendooran project, situated further south in the LFB, targets large porphyry copper-gold systems associated with the Molong Volcanic Belt. Historic drilling and surface sampling have identified alteration halos and geochemical anomalies typical of porphyry environments. These projects provide optionality and long-term upside exposure to bulk-tonnage copper-gold mineralization and may be attractive candidates for joint venture or strategic partnerships with larger players active in the region.
Management Team
Jianying Wang - Non-executive Chairman
Chairman of Beijing Gage Capital Management, Jianying Wang oversees US$1.6 billion in assets and brings extensive experience in global M&A and equity investment. He has supported Alice Queen through multiple funding rounds.
Andrew Buxton - Managing Director
Andrew Buxton is the founder of Alice Queen and former managing director of Kidman Resources, He brings over 25 years of experience in capital markets and resource company management, and leads the company’s exploration and development strategy.
Dale McCabe - Executive Director
A co-founder of Alice Queen, Dale McCabe has managed operational rollouts and exploration execution since 2015. For more than two decades, he worked in the IT sector and brings broad project coordination experience.
Paul Williams – Non-executive Director
Currently managing director of ASX-listed AuKing Limited (ASX:AKN), Paul Williams is an experienced mining and resources executive with over 30 years of experience across multiple commodities and multiple jurisdictions.
Pinnacle Silver and Gold
Investor Insight
Pinnacle Silver and Gold presents a compelling investment opportunity in the precious metals sector as it continues to advance its flagship high-grade El Potrero project in Mexico and its Red Lake, Ontario assets. The company’s proven business model focuses on rapidly reactivating past-producing mines to generate early cash flow, while simultaneously exploring for district-scale potential, offering a strong value proposition in a bullish gold-silver environment.
Overview
Pinnacle Silver and Gold (TSXV:PINN,OTC:PSGCF,Frankfurt:P9J) is a promising player positioned for growth in the precious metals exploration sector, with its strategic focus on high-potential projects, commitment to responsible mining practices, and experienced leadership team.
Focused on silver and gold projects in the Americas, Pinnacle is strategically placed to capitalize on the growing demand for these valuable resources. Its core projects include the high-grade El Potrero gold-silver project in Mexico, and the Argosy gold mine and North Birch gold project in Ontario’s Red Lake District – each offering near-term development potential and strong exploration upside.
Pinnacle’s current flagship project, El Potrero, is located within the Sierra Madre Gold Silver Trend.
The company's investment appeal stems from several key factors:
- A robust pipeline of projects at various stages of exploration and development
- Strategic focus on high-potential areas in North and South America
- Effective capital management practices
- Aggressive expansion strategy through strategic acquisitions
The company’s business strategy involves the acquisition of past-producing mines that can be put back into production quickly to generate cash flow. By focusing on high-grade, underground mines, Pinnacle can leverage low capex, a smaller operational footprint, easier and faster permitting process and protection against metal price volatility. At the same time, the company conducts brownfield exploration for resource expansion, increasing its potential for district-scale discovery.
Pinnacle's emphasis on creating shareholder value is evident in its approach to project selection and development. The company's portfolio is carefully curated to balance near-term production potential with long-term growth prospects, offering investors exposure to both immediate returns and future upside.
Company Highlights
- Pinnacle Silver and Gold is a Canada-based exploration and development company dedicated to building long-term shareholder value with its silver- and gold-focused assets in North and South America.
- The company’s flagship El Potrero gold-silver project, located in Mexico’s Sierra Madre Belt, has returned exceptional underground sample grades up to 85.1 grams per ton (g/t) gold and 520 g/t silver, with exploration potential across a 1.6 km strike length.
- The 100-percent-owned Argosy gold mine and North Birch project are located in the Red Lake District in Northwestern Ontario, a region famous for gold production and high-grade underground mines.
- The company’s strategy is to generate near-term production from past-producing assets while growing its resource base through modern, brownfields exploration.
- Pinnacle is led by a highly experienced management team with a successful track record in advancing exploration-stage assets through to production.
Key Projects
El Potrero Gold-Silver Project
El Potrero is a high-grade, past-producing gold-silver project located in the prolific Sierra Madre Belt in Mexico, within 35 km of four operating mines, including Fresnillo’s 4,000 tpd Ciénega Mine. The project comprises two concession blocks totaling 1,074 hectares, which include the historic mines and a 100 tpd on-site processing plant.
Recent Developments (as of July 2025):
- Over 600 rock samples have been collected from underground and surface sources for geochemical analysis.
- Channel sampling at the Pinos Cuates mine returned assays of up to 85.1 g/t gold and 520 g/t silver over 0.5 m, and composite intervals of 50.3 g/t gold and 269 g/t silver over 1.7 m.
- Geological interpretation highlights a significant quartz-feldspar porphyry dyke as a structural control on gold-silver mineralization.
- The Dos de Mayo vein system has been mapped over 1.6 km with trench and underground samples showing high-grade mineralization, including 13.2 g/t gold and 2,280 g/t silver from surface grab samples.
- Work is underway to design an underground and surface drill program to define continuity and guide future mine development.
- A site inspection of the 100 tpd plant confirmed that the base infrastructure is sound. Refurbishment of key equipment (crusher, mill, Merrill Crowe circuit) is being planned.
- Permitting efforts are progressing efficiently, aided by the site's historical disturbance. Baseline studies and formal permitting proposals are underway.
Pinnacle can earn an initial 50 percent interest upon production and increase its ownership of El Potrero to 100 percent subject to a 2 percent NSR, primarily through cash flow-funded payments, offering a low-dilution path to full ownership.
Argosy Gold Mine
Located within the Birch-Uchi Greenstone Belt in Ontario’s Red Lake District, and approximately 10 km from First Mining’s Springpole deposit, the Argosy gold mine produced 101,875 ounces at 12.7 g/t gold from 1931 to 1952. Pinnacle owns 100 percent of the project, subject to a 2.5 percent NSR.
Exploration Highlights:
- Past drilling intersected high-grade mineralization, including:
- 14.67 g/t gold over 1.7 m (No. 3 Vein)
- 12.02 g/t gold over 1.29 m (No. 8 Vein)
- 11.75 g/t gold over 1.55 m (No. 2 Vein)
- The project offers strong depth potential, with 2002–2004 drilling intersecting multiple new veins and gold mineralization extending to 400 m vertical depth.
North Birch Gold Project
Located 4 km from the Argosy Mine, North Birch is a 3,850-hectare grassroots project with major upside. The property lies in an underexplored section of the Birch-Uchi Belt and covers a folded and sheared iron formation, interpreted as analogous to Newmont’s Musselwhite Mine.
Exploration Work:
- LiDAR surveys and IP geophysics have revealed 8+ km of structural breaks with multiple drill targets.
- 2022 drilling intersected anomalous gold and copper mineralization within structurally deformed and altered iron formations, confirming the favorable structural setting
Management Team
Robert Archer - President, CEO and Director
Robert Archer has more than 40 years’ experience in the mining industry, working throughout the Americas. After spending more than 15 years with major mining companies, Archer held several senior management positions in the junior mining sector and co-founded Great Panther Mining, a mid-tier precious metals producer, where he served as president and CEO from 2004 to 2017 and director until 2020. He joined Pinnacle as a director in March 2018 followed by his appointment as CEO in January 2019 and president in October 2021. Archer is a professional geologist and holds an Honours BSc from Laurentian University in Sudbury, Ontario.
David Cross - CFO
David Cross is a CPA and CGA with over 21 years’ experience in the junior sector with a focus on finance and corporate governance. He is currently a partner of Cross Davis and Company LLP Chartered Professional Accountant, which specializes in accounting and management services for private and publicly listed companies within the mining industry, and has recently been appointed CFO of Ashburton Ventures.
Colin Jones - Independent Director
Colin Jones is principal consultant for Orimco Resource Investment Advisors in Perth, Australia. He has almost 40 years’ experience as a mining, exploration and consulting geologist in a number of different geological environments on all continents. He has managed large exploration and due diligence projects, and has undertaken numerous bankable technical audits, technical valuations, independent expert reports and due diligence studies worldwide, most of which were on behalf of major international resource financing institutions and banks. Jones holds a Bachelor of Science (Earth Sciences) degree from Massey University, NZ.
David Salari - Independent Director
David Salari has worldwide experience in the design, construction and operation of extractive metallurgical plants. He is an engineer with more than 35 years of experience in the mining and mineral processing field. He is currently the president and CEO of DENM Engineering.
Ron Schmitz - Independent Director
Ron Schmitz is the principal and president of ASI Accounting Services, providing administrative, accounting and office services to public and private companies since July 1995. Schmitz has served as a director and/or chief financial officer of various public companies since 1997, and currently holds these positions with various public and private companies.