Investors

Why Invest

Our team is focused on making Troilus a cornerstone mining project within both the Quebec and Canadian landscape.

Quality Asset in a Low-Risk Jurisdiction

  • Troilus is a former gold and copper mine located northeast of the prolific gold-producing Val-d'Or district in Quebec, Canada - one of the largest and most favourable mining nations in the world.
  • Positive PEA results show the potential for Troilus to rank among the top gold producing Canadian mines.
    • Post-tax IRR of 32.2% and NPV5% of $915 million based on gold price of $1,750/oz increasing to 38.3% and $1,156 million at $1,950/oz spot gold price
    • Avg. annual gold production of 220,000 oz in the first 5 years
    • Avg. 246,000 oz gold produced annually for first 14 years
    • 22-year mine life
    • $333 million initial CAPEX
  • The Troilus Gold Project is one of the largest undeveloped gold resources in Canada, with excellent potential to continue expanding the scale of the project with ongoing exploration.  
    • July 2020 mineral resource estimate:
      Indicated: 4.96 Moz AuEq (177 Mt with an average grade of 0.87 g/t AuEq)
      Inferred: 3.15 Moz AuEq (116.7 Mt with an average grade of 0.84 g/t AuEq)
  • Production infrastructure in place, includes an extensive network of roads, power lines and a 50MW substation sufficient for project power requirements, a permitted tailings facility and water treatment plant, camp facilities, water supply and a septic system.

Corporate Strength

  • Clean capital structure; well capitalized; no debt
  • Strong leadership team with a track-record of successful mine development and operations, and an experienced capital markets team with a proven ability to raise capital
  • Strong institutional shareholder base comprised of major global resource funds

Committed to Sustainable Development

  • In August 2020, Troilus was proud to become the first mineral exploration company to obtain certification for UL 2723: ECOLOGO Certification, a standard launched in November 2019 by the Quebec Mineral Exploration Association (“QMEA”) to recognize and promote environmental, social and economic best practices

Focus on Fast-Track Development

  • We are systematically advancing and de-risking the former gold and copper Troilus Mine towards production
  • PEA completed in August 2020; updated mineral resource estimate and Pre-Feasibility Study in H1 2022
  • +150,000 metres drilled since 2018: Mineral resources in the Indicated category have grown by 142%; Inferred category by 350%
  • Land position strategically increased 2,800% (4,700 ha to 142,000 ha) since acquisition, driven by exploration success and district-scale potential.
  • In August 2020, Troilus received environmental approval to commence dewatering the formerly mined Z87 and J4 open pits
  • Federal Permitting process to initiate in Q4 2021