Why Invest

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

Generational Scale Asset in a Tier-One Mining 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 most prolific gold-producing regions in the world.
  • Strong Economic Results from a Feasibility Study completed in May 2024 outlines the potential for Troilus to rank among the largest gold producing Canadian mines:
    • Generational scale asset: 22-year mine life (50ktpd) and potential for future underground development.
    • After-tax IRR of 14% and NPV5% of $884.5 million based on gold price of US$1,975/oz, $4.05/lb Cu and $23/oz Ag increasing to 19.5% and $1.55 billion at April 2024 average metal prices of $2,332/oz Au, $4.30/lb Cu and $27.50/oz Ag.
    • LOM average annual gold equivalent production of 303,000 oz (244,600oz Au, 17.3Mlbs Cu, 446,700oz Ag).
    • Peak annual payable gold production of 456,100 ounces, 31.8 million pounds of copper and 613,600 ounces of silver in year 7.
    • AISC of $1,109/oz: Bottom quartile among current major Canadian gold mines
  • The largest permitting-stage copper project in Quebec - aligns with the Quebec Government’s Strategic Metals Initiative:
    • Indicated Copper Equivalent Resource: 729.5 Mlbs Cu (508.2Mt @ 0.07%)
    • LOM average annual copper equivalent production 135.4 Mlbs; 74,900 WMT LOM Average annual copper concentrate.
  • The Troilus Project is one of the largest undeveloped gold resources in North America. Mineral Resources from October 2023 include:
    • Indicated: 11.21 Moz AuEq (508.3 Mt with an average grade of 0.69 g/t AuEq*)
      Inferred: 1.80 Moz AuEq (80.5 Mt with an average grade of 0.69 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

  • 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
  • Joined the United Nations Global Compact in 2022, the world’s largest global corporate sustainability initiative where companies voluntarily pledge to take actions in accordance with the UN Sustainable Development Goals.

Path to Production

  • We are systematically advancing and de-risking the former gold and copper Troilus Mine towards a mine-restart. Over the next 24 months, the Company will be focused on the following activities:
    • Completion and submission of the Environmental and Social Impact Assessment (“ESIA”) by the end of 2024.
    • Progressing the Federal and Provincial permitting processes (initiated in May 2022) and obtaining all final permits to commence construction.
    • Initiate detailed engineering in preparation for construction.
    • Project Financing: The Company has engaged Auramet International, Inc ("Auramet") as Financial Advisor in conjunction with project financing for the Troilus Project.
    • Ongoing exploration both near the mine and regionally.  

* Cut off grades are based on $US 1,850/ oz Au; $4.25/lb Cu, and $23.00/ oz Ag; with an exchange rate of US$1.00: CAD$1.30. Recoveries varied with an average of 90% Gold, 92.5 % Silver and 91.8% copper without considering revenues from other metals. AuEq formulas are calculated as follows : Z87 Zone : AuEq = Au grade + 1.5628 * Cu grade + 0.0128 * Ag grade; J Zone : AuEq = Au grade + 1.5107 * Cu grade + 0.0119 * Ag grade; X22 Zone : AuEq = Au grade + 1.5628 * Cu grade + 0.0128* Ag grade; SW Zone : AuEq = Au grade + 1.6823 * Cu grade + 0.0124 * Ag grade.