Philippe Cloutier, CEO of Cartier Resources, presents the company’s efficient exploration strategy, resulting in a peer-leading discovery cost of $9/oz. Cartier focuses on developing gold deposits, particularly the Chimo Mine in Quebec. With a resource base of 2.3 million ounces and a positive preliminary economic assessment (PEA), Cartier offers strong growth potential. Situated in a mining-friendly region with robust infrastructure and exploration upside, Cartier is positioned to deliver significant shareholder value. Watch it: Delivering Exploration Efficiency – Cartier Resources – 5-Minute Investor Presentation
TSXV: ECRÂ |Â FSE: 6CA
HEAD OFFICE
1740, chemin Sullivan, bureau 1000
Val d’Or (Québec) J9P 7H1
T: 819-874-1331
TF: 1-877-874-1331
E: philippe.cloutier@ressourcescartier.com
W: ressourcescartier.com
For more information, contact:
Philippe Cloutier, President and CEO
Key Presentation Insights……
Philip Cloutier is President and CEO of Cartier Resources, listed on the Toronto Venture Exchange under the ticker symbol ECR. In this presentation he shares why Cartier Resources presents a compelling investment opportunity. Despite recent market challenges, Cartier Resources has built significant value and is well-positioned for growth.
Company Overview
Cartier Resources is dedicated to discovering and developing gold deposits in Quebec, Canada. Their flagship project, the Chimo Mine, is located in a region with substantial infrastructure and a rich mining history. They have delivered four resource estimates and a preliminary economic assessment (PEA), showcasing robust potential.
The Value Proposition
The Chimo Mine project, situated east of Val-d’Or, Quebec, covers a sizable area. It has produced nearly 400,000 ounces of gold historically and now boasts a total resource of 2.3 million ounces. Their recent PEA, using a long-term gold price of $1750 per ounce, highlights an NPV of $388 million CAD and an IRR of 21%.
Strategic Location
Located in a mining-friendly jurisdiction, the Chimo Mine benefits from excellent infrastructure and a skilled workforce. This strategic positioning minimizes operational risks and enhances development efficiency.
Exploration Potential
They have expanded the project’s footprint and identified numerous new gold discoveries. In 2024, Cartier Resources plans to drill over 160 diamond drill holes, targeting over 50 high-priority areas, aiming to further define and expand these discoveries.
Investment Highlights
- Positive PEA: Their PEA demonstrates strong economic metrics with an NPV of $388 million CAD and an IRR of 21%.
- Large Land Package: The Chimo Mine covers a substantial area with significant exploration upside.
- Mining-Friendly Jurisdiction: Quebec offers supportive regulations, infrastructure, and a skilled workforce.
- Solid Shareholder Base: Notable investors, including Agnico Eagle, O3 Mining, and Quebec Sovereign funds, own just under 40% of the company.
- Attractive Valuation: Cartier Resources trades at under 10% of the full value of their asset, presenting a compelling opportunity.
- Strong Cash Position: With $3.8 million in the bank, they are well-funded to execute their exploration plans.
Future Growth
Cartier Resources is well-positioned for future growth, with ongoing drilling programs designed to unlock the full potential of the Chimo Mine project. Their strategic location, combined with significant upside potential, provides a solid foundation for continued value creation.
Conclusion
Cartier Resources offers a compelling investment opportunity based on the strong potential of their flagship Chimo Mine project. With robust economic metrics, significant exploration upside, and a strategic location in a mining-friendly jurisdiction, they are poised to deliver substantial returns for their shareholders.
They invite you to consider Cartier Resources as a valuable addition to your investment portfolio. For more information, please contact Philip Cloutier directly at 819-856-0512. He looks forward to discussing Cartier Resources and their exciting prospects with you.
$ecr #gold #abitibi
