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.
  • The Troilus Gold 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

  • 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
  • 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.

Focus on Fast-Track Development

  • We are systematically advancing and de-risking the former gold and copper Troilus Mine towards production.
  • Rapid advancement of engineering studies; a definitive feasibility study is targeted for completion for May 2024.
  • ~322,000 metres drilled since 2018:
    From 2018-2023, mineral resources in the Indicated category grew by 447%; Inferred category by 157%.
  • In August 2020, Troilus received environmental approval to commence dewatering the formerly mined Z87 and J4 open pits.
  • Federal and Provincial permitting process initiated in early 2022.

* 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.