Overview
Over the past a number of years, demand and decreased provide have created sturdy momentum for the value of copper. Resulting from its distinctive materials properties, copper is integral to many industries together with electrical automobiles, various vitality technology, vitality storage, shopper electronics, and fashionable infrastructure. It’s important for the inexperienced vitality revolution to succeed if the world desires to cut back its reliance on fossil fuels as a supply of energy technology. Decarbonization is an rising development throughout the planet and copper may have a basic position because the world progresses to a extra ‘inexperienced’ financial system. In line with a latest report from Bernstein Analysis, copper manufacturing might want to enhance by 3–6% per 12 months to supply the copper essential to satisfy CO2 emissions discount targets outlined within the Paris Local weather Settlement as every ton of copper mined reduces carbon emissions by 500 tons. 2 hundred copper mines presently in operation will attain the top of their productive lives earlier than 2035, but the copper business has seen inadequate funding, exploration, improvement, and manufacturing capability within the final decade – making a rise within the metallic value essential shifting ahead.
Rockridge Sources Ltd. (TSXV: ROCK) is a publicly traded mineral exploration firm centered on the acquisition, exploration, and improvement of mineral useful resource properties in Canada, with a major concentrate on copper. The corporate’s flagship Knife Lake Undertaking is situated in Saskatchewan, ranked third as one of many world’s mining jurisdictions by the Fraser Institute. Over the past 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 value in extra of $30 billion {dollars}. Rockridge additionally owns 100% of the Raney Gold Undertaking, which is attractively positioned close to the world-class Timmins and Kirkland Lake lode gold mining camps in Ontario.
The inaugural Knife Lake NI 43-101 useful resource estimate, launched in 2019, gives a superb anchor for the venture with 3.8 MT @ 1.02% copper equal of indicated sources and seven.9 MT @ 0.67% copper equal of inferred sources. The deposit is a remobilized portion of a presumably bigger major VMS deposit and a lot of the historic work has consisted of shallow drilling on the deposit space with little regional work carried out and restricted deeper drilling beneath the deposit. There’s sturdy discovery potential in and across the deposit space in addition to at regional targets on the 55,471 hectare property package deal and Rockridge is actively exploring the property for VMS-style, predominantly copper deposits alongside newly outlined conductors and targets.
In April 2021, Rockridge staked an extra 22,808 hectares at Knife Lake (a rise of 70% on the earlier land package deal) and in addition expanded its drill program from 1600 meters to 2,100 meters as a result of encouraging seen mineralization within the preliminary holes, which have been drilled at Gilbert Lake North & South, 5-6km to the west of the Knife Lake Deposit. Further infill drilling on the Knife Lake deposit was additionally carried out to additional substantiate and doubtlessly enhance the useful resource estimate. The Firm is wanting ahead to testing extra targets on the Knife Lake Deposit space, in addition to regionally at Gilbert Lake North & South which hosts over 14 kilometres of potential VMS stratigraphy.
Rockridge additionally owns 100% of the Raney Gold Undertaking which is a high-grade gold property overlaying ~2,800 hectares situated ~110 km southwest of the prolific gold district of Timmins, Ontario. The venture borders Newmont’s (NYSE:NEM, TSX:NGT) Borden Gold Undertaking host to the operational Borden underground gold mine. In early 2020, drilling at Raney entailed 2,070 metres in 9 diamond drill holes with a spotlight intercept in gap RN 20-06 of 28 g/t gold over 6 metres at a shallow vertical degree of 95 metres.
Rockridge presently trades at a complete enterprise worth/whole sources on copper equal ratio of CAD$0.05. “Crucial half about why an investor could be interested in Rockridge proper now is because of its valuation on each an absolute and relative foundation. The corporate has a market capitalization of roughly CAD$10 to $12 million, it trades on the low finish of the valuation curve amongst its North American copper friends,” famous Rockridge CEO Jonathan Wiesblatt.
In March 2021, Rockridge appointed Jonathan Wiesblatt as CEO of the corporate. Mr. Wiesblatt has over twenty years of expertise within the monetary business in numerous roles, together with centered experience within the mining business as an analyst, advisor, portfolio supervisor and institutional investor for a number of multi-strategy funds and useful resource centered asset managers together with Sprott. This experience and vested curiosity within the firm’s success shall be invaluable to its future development.
Rockridge’s purpose is to maximise shareholder worth by new mineral discoveries, dedicated long-term partnerships and the development of exploration tasks in geopolitically beneficial jurisdictions.
Rockridge Sources’ Firm Highlights
- Rockridge Sources is a mineral exploration firm centered on buying, exploring and creating mineral useful resource properties throughout mining-friendly jurisdictions in Canada.
- The corporate is presently advancing its massive, 55,471 hectare, flagship Knife Lake venture within the Flin Flon-Snow Lake mining district on the Saskatchewan facet of the border.
- The inaugural Knife Lake NI 43-101 useful resource estimate contains indicated sources of three.8 million tonnes at 1.02 copper equal and inferred sources of seven.9 million tonnes at 0.67 p.c copper equal.
- The deposit is a remobilized portion of a presumably bigger major VMS deposit and a lot of the historic work has consisted of shallow drilling on the deposit space with little regional work carried out and restricted deeper drilling beneath the deposit; there’s sturdy discovery potential in and across the deposit space in addition to at regional targets.
- Rockridge is actively advancing and drilling the Knife Lake venture by 2021.
- The Firm additionally owns 100% of the Raney gold venture SW of Timmins, Ontario. The Raney gold venture sits within the Archean Swayze Greenstone Belt as a part of the Abitibi Greenstone Belt, which hosts the world-class Timmins and Kirkland Lake lode gold mining camps. Its broad structural hall comprises high-grade gold focus potential.
- Each properties leverage distinctive mineralization, strategic positioning amongst outstanding mining giants and current infrastructure.
- Rockridge has a world-class administration group and boasts a sturdy mixture of specialists in capital markets, geology, mineral exploration and administration.
- Vital insider possession and a rising institutional shareholder base.
Rockridge Sources’ Key Initiatives
Knife Lake Undertaking
The Knife Lake venture consists of 81 tendencies totaling 55,471 hectares inside the Flin Flon – Snow Lake mining district, Saskatchewan. The corporate is looking for a remobilized portion of a presumably bigger “major” near-surface VMS deposit. The stratabound mineralized zone is roughly 15m thick and comprises copper, silver, zinc and cobalt mineralization which dips 30° to 45° eastward over a strike-length of ~4,000 m, with a median horizontal width of roughly 300 m. Over 400 diamond drill-holes have been accomplished in and across the present property boundaries, with a lot of the drill core saved below cowl and in excellent situation.
In depth exploration information dates again to the Nineteen Sixties with over 300 shallow holes drilled which, mixed with the 2019 drill program, allowed the corporate to finish the inaugural NI 43-101 useful resource estimate of the Knife Lake deposit. Highlighted drilling outcomes from the 2019 drilling marketing campaign included 2.03% copper, 9.88 g/t silver, 0.19 g/t gold, 0.36% zinc and 0.01 p.c cobalt over 37.6 meters in gap KF19003. The corporate is presently awaiting assays from the two,100 metre drill program which started in March 2021 to conduct infill drilling on the Knife Lake Deposit, together with testing regional targets Gilbert Lake South & Gilbert Lake North.
Over CAD$1.6 billion has been invested into mine improvement within the surrounding Flin Flon district and over 50% of deposits within the Flin Flon district have been superior to manufacturing, which have led to almost 100 consecutive years of mining. A number of different corporations are energetic within the area together with Foran Mining (TSXV.FOM), which has it’s McILvenna high-grade base metallic deposit ~80km south of Knife Lake. Hudbay (TSX.HBM) operates the a number of mines close by, and not too long ago found a brand new high-grade zinc zone between the 2 mines Chisel North and Lalor. As well as, a brand new entrant to the area is Rockcliff Metals (TSXV.RCLF), a well-funded exploration firm with high-grade copper- and zinc-dominant VMS deposits, in addition to joint ventures with Kinross and Hudbay.
Raney Gold Undertaking
The 100% owned Raney Gold Undertaking is a big potential gold property overlaying roughly 2,800 hectares situated 110 kilometers southwest of the prolific gold district of Timmins, ON. The venture is ideally positioned within the Archean Swayze Greenstone belt, which is part of the Abitibi Greenstone belt. The broad structural hall that hosts the mineralization is open for growth and historic mapping and floor sampling information present that it could lengthen over a number of hundred metres, with no drilling accomplished over a big extent of this hall. A notable disruption within the airborne magnetic information roughly 2 km west of the latest drilling and consistent with the projected structural hall gives a compelling goal space for future exploration.
Raney presents Rockridge with glorious early-stage exploration potential with its restricted exploration historical past however extremely potential gold mineralization throughout the property. In early 2020, the corporate accomplished 2,070 meters of drilling with a spotlight intercept of 28 g/t gold over 6 metres at a shallow vertical degree of 95 meters. The corporate performed a observe up 3000m drill program which was designed to judge quite a few exploration concepts/ideas together with testing the down-plunge and depth continuity of high-grade gold mineralization intersected in beforehand drilled holes, the eastward and westward continuity of the Raney gold zone.
Rockridge Sources’ Administration Group
The corporate’s knowledgeable management and technical group apply their exploration expertise and technical abilities to amass and develop its strategically positioned mineral tasks. This world-class administration group primes the corporate for development and mining success.
Jordan Trimble, B.Sc., CFA – Director & President
Jordan Trimble is the founder and president in addition to a director of Rockridge Sources Ltd. He’s an entrepreneur and has labored within the useful resource business in numerous roles with quite a few corporations specializing in administration, company finance and technique, shareholder communications, deal structuring and capital elevating. Beforehand, he was the company improvement supervisor for Bayfield Ventures, a gold firm with tasks in Ontario, which New Gold efficiently acquired in 2014.
All through his profession, Trimble has based and helped handle a number of private and non-private corporations and has been instrumental in elevating substantial capital for mining corporations together with his in depth community of institutional and retail buyers. He’s a frequent speaker at useful resource and mining conferences globally and has appeared on numerous media retailers, together with BNN and the Monetary Put up.
Trimble holds a Bachelor of Science Diploma with a Minor in Commerce from the College of British Columbia. He’s a CFA Charterholder presently serving as a director of the CFA Society Vancouver.
Jonathan Wiesblatt – CEO
Jonathan Wiesblatt has over twenty years of expertise within the monetary business in numerous roles, together with centered experience within the mining business as an analyst and institutional investor. Wiesblatt focuses on fairness analysis, portfolio administration, capital markets, hedge funds and funding administration. His experience in US and Canadian capital markets. He has spent the final 15-years as an institutional investor working as a portfolio supervisor for a number of multi-strategy funds, a Canadian Fairness Mutual Fund at Sprott Asset Administration, and not too long ago served as an advisor to Canada’s largest Household Places of work, Reichmann Worldwide Growth Corp.
Wiesblatt is a graduate of The College of Western Ontario and a Chartered Funding Supervisor Designation holder.
Dr. Andrew J. Ramcharan – Senior Vice President of Company Growth
Dr. Ramcharan has an in depth background in company improvement, mining and exploration, venture analysis, and funding banking spanning over twenty years. Beforehand, as Supervisor of Company Growth for IAMGOLD, Dr. Ramcharan was concerned in elevating over $600 million in fairness financings and labored on venture acquisitions totalling over $800 million. He has held senior funding banking and company finance roles, together with with Sprott and Useful resource Capital Funds, the place he carried out over 300 venture evaluations and helped full quite a few debt and fairness financings.
Joseph Gallucci, MBA, B.Comm – Director
Joseph Gallucci is a capital markets govt with over 15 years of expertise in funding banking and fairness analysis centered on mining, base metals, treasured metals and bulk commodities on a world scale. Joseph is presently the managing director and the pinnacle of Mining Funding Banking at Laurentian Financial institution Securities Inc. His profession has spanned throughout numerous corporations, together with BMO Capital Markets, GMP Securities, Dundee Securities. He was a founding principal of Eight Capital, the place he not too long ago led their Mining Funding Banking Group.
He has acquired expertise in company finance, mergers, acquisitions, enterprise and operational improvement, financings, and company technique in his earlier roles. He was straight concerned in elevating over CAD$1 billion for mining corporations with centered experience on Canadian base metallic corporations.
Prior, Gallucci spent over a decade in fairness analysis specializing in international mining at each GMP and Dundee Securities. At Dundee Securities, he was a managing director and head of the Metals and Mining Analysis Group, the place he oversaw the complete mining franchise. He has traveled extensively, visiting properly over 100 mining properties throughout the globe.
Gallucci holds a Bachelor of Commerce diploma from Concordia College and an MBA in Funding Administration from the Goodman Institute of Funding Administration.
Ron Netolitzky – Strategic Advisor
Ron Netolitzky has had an illustrious profession within the mining and exploration business with over 40 years of expertise and having been straight related to three main discoveries in Canada that subsequently went into manufacturing: Eskay Creek, Snip and Brewery Creek. Mr. Netolitzky has been honored with the Prospector of the 12 months award from the PDAC, and Developer of the 12 months award from the BC & Yukon Chamber of Mines. In 2015, he was inducted into the Canadian Mining Corridor of Fame.
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