Lode Gold currently has active projects in 3 geographic regions. Its flagship Fremont project (3,351 acres) is located California, USA. The non-Californian assets are in the Yukon Territory, Canada where the Golden Culvert and WIN (22,240 acres) are located, as well as New Brunswick, Canada, where McIntyre Brook & Riley Brook (109,962 acres) are located. All assets aside from Fremont (flagship) and Dingman as well as Taylor Brook (both of which are not being actively explorated at the moment) will be spun out into a separate entity called Orogen Gold. Post money valuations are pegged at $ 7 million for Lode Gold and $ 15 million for Orogen Gold.
Investment Highlights
- Lode Gold (“LOD”, or “Company”) is advancing its flagship Fremont asset in California, USA, towards a final investment decision and making adjustments to the PEA to improve the project value. Shareholders in LOD will retain upside in early-stage exploration projects that will be spun out into Gold Orogen.
- Solid resource base with robust ore grades: The latest MRE is based on an undeground only operation and boasts a global resource of 8.53 million tons averaging 3.96 g/t recoverable gold with over 1 million ounces of contained gold. At 3 g/t cut-off grade the average mineable width of the deposit is 16.8m.
- Annual gold production of 10-15k oz from a pilot plant: The cash flow-generating pilot plant is expected to operate by 2027/2028. It will yield invaluable information for mineral processing and support the development budget.
- Favourable macro and geopolitical backdrop: Gold is trading near record highs amid ongoing global geopolitical and economic uncertainty. With gold now included on the U.S. critical minerals list and the project is located in an opportunity zone, Fremont is well-positioned to benefit from potential government support and tax incentives for investors.
- Proven leadership: Lode Gold’s management team has extensive experience advancing exploration and mining projects. They bring the expertise, track record, and industry relationships needed to drive shareholder value.
- We are maintaining a positive outlook for the company over the next 12–24-month period with a target price of $0.56
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