2021 Year in Review
As 2021 is drawing to the close, we once again find ourselves planning for the New Year, let us take
a moment to reflect on the events of this past year.
To Our O3 Mining Partners,
I want to personally express my gratitude for your continued support for O3 Mining over the past year.
We started this year with incredible momentum with the sale of the Garrison Project and the beginning of the strategic Partnership with Moneta Gold, which continued to propel O3 Mining to new heights with the progression of the infill drilling program at Marban and Bulldog (Alpha), the launch of our first ESG Report, receiving UL 2723 ECOLOGO® Certification For Mineral Exploration and the implementation of procedures and best practices across all pillars of ESG.
to Moneta Gold
UL 2723 ECOLOGO®
to Moneta Gold
At the beginning of the year,
We implemented our large-scale drilling program to achieve our mission of being a premier gold exploration and mine development company with the following goals:
4 Site Visits
Since our inception,
C$41.0M Cash & Equivalents
Our company continues to be well financed with over C$40.0M in cash and equivalents enabling us to rapidly advance our projects.
C$35.0M bought deal private placement
Strategic Portfolio Management
We undertook strategic transactions to focus our on our projects located in Val-d’Or, adding where we saw opportunity and divesting to monetize.
- C$54.6M Sale of Garrison Project to Moneta Gold
- Sale of Kinebik to NewOrigin Gold
The responsible development of our projects has remained at the core of our strategy, and we have continued to build the capacity of our team on sustainability issues. In addition to the fieldwork we have been conducting for our environmental baseline study at Marban it has also been a year of many sustainable development milestones including:
- 1. Launching O3 Mining’s inaugural ESG Report
ESG REPORT PDF
- 2. Obtaining UL 2723 ECOLOGO® Certification for Mineral Exploration
- 3. Hosting our 1st citizen public information meeting
We have contributed to local and national organizations supporting education and health efforts including: La Fondation Brusseau-Dargis, Young Mining Professionals, La Maison de la Famille de Val-d’Or, Not Myself Today.
We have drilled +100,000 metres to date
- In-pits Infill Drilling Intersected Multiple High-Grade Intervals in the Walls of the Historical Stopes
- O3 Mining Expands Marban Underground Mineralization
- O3 Mining Expands Mineralization at Alpha on its Bulldog Deposit and Kappa Zone
Camflo Extension Rediscovery
We are very excited about the rediscovery of the historic Camflo deposit. Drilling below 1,000 metres is ongoing and we are confident the results will confirm underground potential.
We at O3 Mining, firmly believe in creating meaningful values for all our shareholders and stakeholders.
I would like to personally thank you for your trust and continuing loyalty to our company. 2022 will carry the momentum with seven rigs operating on our Marban and Alpha projects, and the Pre-Feasibility Study on Marban is set to be completed by the end of the year.
It is in this spirit of the holidays we extend our warmest greetings and best wishes for the New Year. We accomplished much in the last year, and we are excited for what is to come in 2022. Wishing you and your family all the happiness this holiday season.
President and CEO of O3 Mining