Nuvau Minerals
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nuvau minerals Overview
With a 10.6 Mt resource, permitted infrastructure, and a 9.5-year mine plan, the company is positioned for near-term production while its district-scale land package provide exposure to copper and gold in one of Canada’s most prolific mining camps.
Nuvau Minerals (TSXV: NMC) is a Canadian mining and exploration company advancing a historic mining camp toward a production restart while generating new critical metal and gold discoveries. Its 100% owned flagship asset is the past-producing Matagami mining district in northern Québec. Nuvau controls a 1,380 square kilometre land package and benefits from access to permitted mining infrastructure, including an option on a 3,000 tpd concentrator. The Company’s strategy is to combine district-scale exploration targeting zinc-copper VMS deposits and newly recognized gold potential with resource growth and project development.
The company’s strategy is twofold:
- Advance a near-term restart of base-metal production leveraging existing infrastructure and defined resources.
- Unlock district-scale exploration potential across both volcanogenic massive sulphide (VMS) systems and newly recognized gold targets.
Detailed Quote
The Caber Complex underpins the company’s near-term production strategy. Technical studies support a 9.5-year mine life with average annual production of 36 Mlb copper equivalent and total life-of-mine output of 342 Mlb copper equivalent. Sensitivity analysis demonstrates strong leverage to metal prices, with after-tax NPV (8 percent) increasing from C$115.9 million at base-case assumptions to C$265.5 million under spot pricing scenarios.
In parallel, Nuvau is advancing district-wide exploration targeting both volcanogenic massive sulphide systems and newly recognized gold potential. Historical exploration in the camp focused primarily on base metals, leaving gold-bearing structures underexplored. Recent drilling, till sampling and compilation of historical data have confirmed the presence of gold mineralization and highlighted multiple priority targets.
Following completion of the earn-in requirements, the company has submitted notice to finalize the property transfer. With permitted infrastructure, remaining resources at past-producing mines and multiple active exploration fronts, Nuvau is positioned to advance toward production while targeting extension of mine life through continued resource growth.
A new PEA was launched in June 2026, which is expected to include:
- Mineral resource updates aimed at extending 10-year production estimate from the July 2023 PEA, including addition of Nuvau’s discovery of McLeod Deep extension.
- Increased overall Life of Mine operations based on inclusion of additional resources
- Revision to the mine plan to include the restart of the Bracemac-McLeod Mine, a fully permitted mine with key infrastructure.
- Improved economics due to adjustments reflecting consensus metal prices; the July 2023 PEA used lower metal prices of $3.74/lbs copper and $1.30/lbs zinc.
Key Asset
Matagami Mining Camp (Flagship)
The Matagami Mining Camp is Nuvau’s cornerstone asset and the foundation of its development and exploration strategy. The district combines a long production history with extensive existing infrastructure and large-scale exploration potential within a single consolidated property. Historic production of approximately 60 Mt from 12 mines confirms the camp’s mineral endowment and operational continuity.
Highlights
- Covers more than 1,380 sq km.
- Approximately 60 Mt mined historically across 12 mines.
- Fully permitted 3,000-tpd concentrator with two float circuits.
- Rail loading facility, administration buildings and processing infrastructure.
- Underground development at Bracemac McLeod to 1,400 m depth.
The new PEA will focus on identifying the most efficient path to restarting Matagami. Nuvau will also continue to evaluate several opportunities to support future mineral resource growth beyond the deposits expected to be included in the PEA mine plan and support the long-term development potential of the district.
Caber Complex — Development Project
The Caber Complex is the company’s primary development-stage asset and near-term production driver. It comprises the Caber, Caber North and PD1 deposits, all located within trucking distance of the Matagami concentrator. Existing infrastructure materially reduces capital requirements and supports a clear path to restart.
Bracemac McLeod Mine — Restart Opportunity
Christina McCarthy — Chief Executive Officer
Christina McCarthy is a geologist and mining capital markets executive with more than 18 years of experience spanning executive leadership, mergers and acquisitions, corporate development, and equity markets. She has a strong track record of creating shareholder value through strategic growth initiatives and successful transactions, including as founder and former president and chief executive officer of Paycore Minerals Inc., which was acquired by i-80 Gold Corp. for approximately US$90 million, and at New Oroperu Resources, where she led a strategic review culminating in its sale approximately 13 months later for approximately C$76 million. Previously, she served as director of corporate development at McEwen Mining alongside Rob McEwen and has additional experience in institutional sales, equity research, and resource-focused capital markets advisory. She holds a B.Sc. in Earth Sciences (Geology) from Brock University.
Peter van Alphen — President and Chief Operating Officer
Peter van Alphen has more than 25 years of experience in mine construction, operations and development. Van Alphen previously served as the chief operating officer of Premier Gold Mines and held senior roles at Pan American Silver, Tahoe Resources, Lake Shore Gold, and FNX Mining. He holds a mining engineering degree from the University of the Witwatersrand.
Steve Filipovic — Chief Financial Officer
Steve Filipovic is a chartered professional accountant with more than 23 years of financial leadership experience. Filipovic was a founding executive and CFO of Premier Gold Mines until its acquisition by Equinox Gold in 2021 and previously served as CFO of Zinifex Canada. He holds an Honours Bachelor of Commerce from Lakehead University.
Gilles Roy — Director of Exploration
Gilles Roy is a geologist with more than 30 years of global exploration experience. Roy spent much of his career with Glencore, where he led programs that resulted in discovery of the McLeod deposit in 2004 and the Bracemac deposit in 2006. He holds a degree in geology from Université du Québec à Montréal.
Bastien Fresia — Technical Services Director
Bastien Fresia has over 15 years of international experience in geology, mine planning and resource development. Fresia previously held senior technical roles with Glencore Zinc and led multidisciplinary teams across Canada, Burkina Faso, Peru, Bolivia and Kazakhstan.
Philippe Rio Roberge — Director of Project Development
Philippe Rio Roberge has 19 years of experience in project management, geotechnics, tailings and water management. Roberge has overseen feasibility studies and construction programs and holds a civil engineering degree from Université de Sherbrooke.
Board of Directors
Steven Bowles — Chair of the Board
Steven Bowles has extensive experience in mining investment, project development and operations. Bowles is managing director at Nebari Partners and previously held senior roles within Investissement Québec. He has led development teams on large-scale mining projects across multiple jurisdictions and is a recipient of the Bedford Canadian Young Mining Leaders Awards.
Christina McCarthy — Director
Christina McCarthy is a geologist with more than 15 years of experience in the resource capital markets. McCarthy previously served as president and CEO of Paycore Minerals prior to its acquisition by i-80 Gold and has held senior corporate development and capital markets roles across the sector.
Fariah Mir — Director
Fariah Mir is senior manager, accounting policy and advisory at TD Bank Group. Mir previously worked with Deloitte LLP and IAMGOLD Corporation and holds a Bachelor of Commerce from York University.
David Palmer — Director
David Palmer is an exploration geologist who has led the discovery of several projects, including the multi-million-ounce Borden Gold deposit and the Black Creek chromite deposit before the sale of Probe Mines Limited to Goldcorp Inc. He also played a significant role in advancing the Novador Gold deposit from 700K ozs to over 10M ozs before selling Probe Gold Inc. to Fresnillo plc in an all-cash transaction valued at approximately C$780 million.
Michael Vitton — Director
Michael Vitton previously served as executive managing director and head of US equity at BMO Capital Markets, where he originated and executed more than US$200 billion in equity financings and transactions.
Advisers
Ewan Downie — Adviser to the Board
Ewan Downie is a mining entrepreneur with more than 25 years of experience. Downie is chief executive officer of i-80 Gold and previously served as president and CEO of Premier Gold Mines. He is also chairman of Wolfden Resources and director of Clean Air Metals.
Michael Sutton — Technical Advisor
Michael Sutton is a founding member of Kirkland Lake Gold. He is among the two geologists recognized for the discovery of the South Mine Complex at Kirkland Lake, one of the highest-grade gold systems in Canadian history.
*Disclaimer: This profile is sponsored by Nuvau Minerals ( TSXV:NMC ). This profile provides information which was sourced by the Investing News Network (INN) and approved by Nuvau Minerals in order to help investors learn more about the company. Nuvau Minerals is a client of INN. The company's campaign fees pay for INN to create and update this profile.
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