Rockridge Resources

Overview

Over the last several years, demand and reduced supply have created strong momentum for the price of copper. Due to its unique material properties, copper is integral to many industries including electric vehicles, alternative energy generation, energy storage, consumer electronics, and modern infrastructure. It is essential for the green energy revolution to succeed if the world wants to reduce its reliance on fossil fuels as a source of power generation. Decarbonization is an emerging trend across the planet and copper will have a fundamental role as the world progresses to a more ‘green’ economy. According to a recent report from Bernstein Research, copper production will need to increase by 3–6% per year to provide the copper necessary to meet CO2 emissions reduction targets outlined in the Paris Climate Agreement as each ton of copper mined reduces carbon emissions by 500 tons. Two hundred copper mines currently in operation will reach the end of their productive lives before 2035, yet the copper industry has seen insufficient investment, exploration, development, and production capacity in the last decade – making an increase in the metal price necessary moving forward.

Rockridge Resources Ltd. (TSXV: ROCK) is a publicly traded mineral exploration company focused on the acquisition, exploration, and development of mineral resource properties in Canada, with a primary focus on copper. The company’s flagship Knife Lake Project is located in Saskatchewan, ranked third as one of the world’s mining jurisdictions by the Fraser Institute. Over the last 100 years, the Flin-Flon mining camp in Manitoba and Saskatchewan has produced over 180 million tons of sulphide ore from over 35 VMS deposits worth in excess of $30 billion dollars. Rockridge also owns 100% of the Raney Gold Project, which is attractively positioned near the world-class Timmins and Kirkland Lake lode gold mining camps in Ontario.

The inaugural Knife Lake NI 43-101 resource estimate, released in 2019, provides an excellent anchor for the project with 3.8 MT @ 1.02% copper equivalent of indicated resources and 7.9 MT @ 0.67% copper equivalent of inferred resources. The deposit is a remobilized portion of a presumably larger primary VMS deposit and most of the historical work has consisted of shallow drilling at the deposit area with little regional work carried out and limited deeper drilling below the deposit. There is strong discovery potential in and around the deposit area as well as at regional targets on the 55,471 hectare property package and Rockridge is actively exploring the property for VMS-style, predominantly copper deposits along newly defined conductors and targets.

In April 2021, Rockridge staked an additional 22,808 hectares at Knife Lake (an increase of 70% on the previous land package) and also expanded its drill program from 1600 meters to 2,100 meters due to encouraging visible mineralization in the preliminary holes, which were drilled at Gilbert Lake North & South, 5-6km to the west of the Knife Lake Deposit. Additional infill drilling at the Knife Lake deposit was also carried out to further substantiate and potentially increase the resource estimate. The Company is looking forward to testing additional targets at the Knife Lake Deposit area, as well as regionally at Gilbert Lake North & South which hosts over 14 kilometres of prospective VMS stratigraphy.

Rockridge also owns 100% of the Raney Gold Project which is a high-grade gold property covering ~2,800 hectares located ~110 km southwest of the prolific gold district of Timmins, Ontario. The project borders Newmont’s (NYSE:NEM, TSX:NGT) Borden Gold Project host to the operational Borden underground gold mine. In early 2020, drilling at Raney entailed 2,070 metres in nine diamond drill holes with a highlight intercept in hole RN 20-06 of 28 g/t gold over 6 metres at a shallow vertical level of 95 metres.

Rockridge currently trades at a total enterprise value/total resources on copper equivalent ratio of CAD$0.05. “The most important part about why an investor might be attracted to Rockridge right now is due to its valuation on both an absolute and relative basis. The company has a market capitalization of approximately CAD$10 to $12 million, it trades at the low end of the valuation curve amongst its North American copper peers,” noted Rockridge CEO Jonathan Wiesblatt.

In March 2021, Rockridge appointed Jonathan Wiesblatt as CEO of the company. Mr. Wiesblatt has over two decades of experience in the financial industry in various roles, including focused expertise in the mining industry as an analyst, advisor, portfolio manager and institutional investor for several multi-strategy funds and resource focused asset managers including Sprott. This expertise and vested interest in the company’s success will be invaluable to its future growth.

Rockridge’s goal is to maximize shareholder value through new mineral discoveries, committed long-term partnerships and the advancement of exploration projects in geopolitically favourable jurisdictions.

Rockridge Resources’ Company Highlights

• Rockridge Resources is a mineral exploration company focused on acquiring, exploring and developing mineral resource properties across mining-friendly jurisdictions in Canada.
• The company is currently advancing its large, 55,471 hectare, flagship Knife Lake project in the Flin Flon-Snow Lake mining district on the Saskatchewan side of the border.
• The inaugural Knife Lake NI 43-101 resource estimate includes indicated resources of 3.8 million tonnes at 1.02 copper equivalent and inferred resources of 7.9 million tonnes at 0.67 percent copper equivalent.
• The deposit is a remobilized portion of a presumably larger primary VMS deposit and most of the historical work has consisted of shallow drilling at the deposit area with little regional work carried out and limited deeper drilling below the deposit; there is strong discovery potential in and around the deposit area as well as at regional targets.
• Rockridge is actively advancing and drilling the Knife Lake project through 2021.
• The Company also owns 100% of the Raney gold project SW of Timmins, Ontario. The Raney gold project sits in the Archean Swayze Greenstone Belt as part of the Abitibi Greenstone Belt, which hosts the world-class Timmins and Kirkland Lake lode gold mining camps. Its broad structural corridor contains high-grade gold concentration potential.
• Both properties leverage exceptional mineralization, strategic positioning amongst prominent mining giants and existing infrastructure.
• Rockridge has a world-class management team and boasts a robust mix of experts in capital markets, geology, mineral exploration and management.
• Significant insider ownership and a growing institutional shareholder base.