Springpole — gold & silver project

Large undeveloped open-pit gold-silver project in northwestern Ontario, hosted in the Birch-Uchi greenstone belt (~110 km NE of Red Lake) across a consolidated 70,000+ hectare land package. A 2025 feasibility study defines a 30,000 t/d open-pit mine and whole-ore cyanidation-CIL plant producing gold dore with a silver by-product over a 9.4-year mine life, with average metallurgical recoveries of 86% Au and 86.2% Ag. The lake-hosted deposit requires controlled dewatering and a co-disposal facility for tailings and waste rock. Economics incorporate 1-2% NSR royalties and a silver stream on 25% of payable silver following buybacks. A Long Term Relationship Agreement with Mishkeegogamang First Nation was concluded in July 2025 and the project is advancing through federal and provincial environmental assessment.