Full Transcript for Maple Gold Outlines Path to Two-Mine Gold Complex | Alex Rodriguez

from uh, as you know, the the gold price was a different environment, and the company was working towards drilling campaign to support a new resource estimate, which was launched this year. 00:02:16.560 --> 00:02:25.599 So it's just for last 2025 to 2026, but we have this basically a new investor base, longer, a large investor base now, more capital that came to the company. 00:02:26.000 --> 00:02:34.159 We have the data resource that came in April this year that shows you not only one mine, possibly two mines, with not the util made a resource as well. 00:02:34.319 --> 00:02:40.960 That really that is happening today this year is basically to expand and enhance those ounces that we already have in the books. 00:02:41.120 --> 00:02:42.639 So that would what is the reason for that? 00:02:42.719 --> 00:02:46.879 Because we had a resource in April and we said, okay, are these ounces are economic or not? 00:02:47.199 --> 00:02:47.919 Why do you do that? 00:02:48.000 --> 00:02:49.120 You have to do a scoping study. 00:02:49.199 --> 00:02:52.960 So we run in an internal scoping study to help us see what will be the path. 00:02:53.039 --> 00:02:56.240 If there's a path for development here for these ounces, and there is one. 00:02:56.560 --> 00:03:03.120 So for that gotta be the path for 2027, we expect to do a PEA to be launched in the second quarter of 2027. 00:03:03.360 --> 00:03:05.280 For that, we need a new resource, right? 00:03:05.439 --> 00:03:16.879 And for that new resource, we'll include all the drilling that we haven't put yet on the resources, so the 57,000 years of drilling will be incorporated into this new new updated resource for next year that will support the PEA. 00:03:17.199 --> 00:03:17.520 Alright. 00:03:17.599 --> 00:03:22.319 So there's a lot, uh a lot's been done, but a lot to a lot to come ahead of that uh Q2, you say. 00:03:22.560 --> 00:03:22.800 100%. 00:03:23.039 --> 00:03:23.120 Right. 00:03:24.879 --> 00:03:28.719 And and uh you've also just launched the expanded drilling program for the fall. 00:03:28.879 --> 00:03:31.120 So what are uh what is that what are the goals of that? 00:03:31.199 --> 00:03:36.800 Is that also feeding into potentially this uh Q2, or is that something the results of that would be would show up later? 00:03:37.120 --> 00:03:42.879 Result will come in I it will say December and January as well for the this current uh Utah drilling campaign. 00:03:43.039 --> 00:03:49.439 And the reason of this campaign is to enhance those ounces that we were able to find in this major resource uh estimate that we did. 00:03:49.759 --> 00:03:52.800 So what happened is that as you know, it's an underground mine. 00:03:52.960 --> 00:03:58.800 There's been historic work in there, so it's a lot of a lot of history of this uh Utah deposits. 00:03:58.879 --> 00:04:04.879 So we're trying to do this drilling campaign to find more ounces in our in the vicinities or the deposits. 00:04:05.039 --> 00:04:19.839 But because if

you would imagine from an economic standpoint of view, those ounces, the underground ounces that we have are gonna be higher rate, will obviously support um much, I guess, economics of a potential PEA on the first year of production. 00:04:19.920 --> 00:04:26.879 So with that mindset is well trained to again, every dollar we put into the ground is to accelerate and get the maximum return for our share folders. 00:04:27.279 --> 00:04:27.839 Right. 00:04:28.160 --> 00:04:31.759 So it is it has been a bit of an interesting year, obviously. 00:04:31.920 --> 00:04:34.000 Uh that's a probably an understatement. 00:04:34.160 --> 00:04:41.040 So we had we had this we had this uh this uh meteoric rise of gold, silver, the metals in the new year. 00:04:41.199 --> 00:04:45.920 And then we've had uh we've had it pull back, and obviously that's been reflected in the industry as well. 00:04:46.160 --> 00:04:51.279 So where would you say we're at in the in the mining cycle for investment right now? 00:04:51.600 --> 00:04:56.560 What are uh what are what are we uh what are we looking at and what how are you positioning yourself in this environment? 00:04:56.879 --> 00:05:05.439 So it goes tapes and just thinking about the market right now, like it's if you see the gold price this same time last year, we're almost the same. 00:05:05.839 --> 00:05:09.120 So it's just the sentiment has shifted a little bit. 00:05:09.680 --> 00:05:11.360 The numbers remain the same. 00:05:11.600 --> 00:05:31.439 But I think it's just uh that's what I feel is gonna be the the the the I guess the outlook for this year is just the company that has the assets, has quality answers, has the real plan, and know how to execute, those will still benefit on a market that perhaps is not showing the the same uh uh speed or spike that they have at the beginning of the year. 00:05:31.680 --> 00:05:34.240 So for us, we're well founded. 00:05:34.480 --> 00:05:36.000 We have a plan to execute. 00:05:36.240 --> 00:05:44.879 And as you know, I guess from the previous discussion you could have with Kieran, our CEO, he's always on point on objectives, deliver on what we are saying. 00:05:44.959 --> 00:05:46.480 And that's what we're trying to do here now. 00:05:46.560 --> 00:05:48.720 But again, there's not much we can do with the market. 00:05:48.800 --> 00:05:55.439 Right now, you have the what happened on the on the US election, right now, the the whole shift there, you have oil, dollar strength. 00:05:55.600 --> 00:05:57.600 So it's a lot of things that will keep happening. 00:05:57.759 --> 00:06:02.879 And I think for us, we have to keep doing the work, we have to head down, keep executing the work, and that's kind of what we're gonna keep doing. 00:06:03.199 --> 00:06:09.360 Yeah, but you make a good point that um we're measuring down from say 5,600 in gold. 00:06:09.519 --> 00:06:12.560 And if we were measuring up from 3,000, then we'd still be looking great. 00:06:12.639 --> 00:06:14.800 So it really depends on it really depends. 00:06:14.879 --> 00:06:18.240 We're we're these are historically high prices for the metals. 00:06:18.399 --> 00:06:25.600 And uh, but because we're off from that that that meteoric peak, it's uh it it doesn't uh the sentiment is different. 00:06:25.839 --> 00:06:34.560 But as far as as far as the the prices and and whether that supports these types of whether that supports very healthy margins for mining, obviously they still do. 00:06:35.040 --> 00:06:37.279 In fact, they're they they very much do. 00:06:37.439 --> 00:06:46.000 Uh but um but the market sentiment is its own market sentiment is looking just back over its shoulder and uh looking back at those those those highs. 00:06:46.160 --> 00:06:49.439 So that's I guess uh we need to adjust our perspective a little bit there. 00:06:49.839 --> 00:06:51.600 It it is part, you know, it's part of the industry as well. 00:06:51.680 --> 00:07:08.639 Like we're in the industry where uh prices are volatile for nature, so we have to be focused on what we have control and um and who knows what's gonna be next uh next year the gold price, where it's gonna be is we but it's still the projects and the answers will still there, and we have to keep doing the work to to really showcase those answers are economic. 00:07:09.040 --> 00:07:12.319 So what are some of the uh key milestones for maple gold? 00:07:12.399 --> 00:07:15.120 I guess heading into Q4, we have the drilling program. 00:07:15.360 --> 00:07:19.759 You mentioned the uh for in Q2, uh you have the uh the study. 00:07:19.920 --> 00:07:25.199 But what are what are some of the other um potential things that we should be we should be uh looking forward to? 00:07:25.439 --> 00:07:30.319 So I would say with Maple, you have a I would say a steady news flow coming from the drilling campaign that we're running right now. 00:07:30.399 --> 00:07:38.240 Again, we are right now dealing with some delays because of the last result that we're we're waiting for that to come, but that should be coming soon. 00:07:38.560 --> 00:07:47.600 After that, you will have a new maiden resource estimate that will include all the drilling that has happened this year, this 57,000 years, including a new updated MRE. 00:07:47.759 --> 00:07:56.560 And then you will have um again a PE, the first PEA for what we believe might be a two mines uh do a UTL on a mining complex. 00:07:56.959 --> 00:08:07.040 So if you ask me, uh that's I would say a major catalyst for people fast behind the story of Maple, looking then from this from a resource stage to a development stage. 00:08:07.120 --> 00:08:12.800 And I think that's where we're trying to get the message around, get people to know the story and what's gonna happen and what is coming. 00:08:12.959 --> 00:08:16.319 And besides that, we always talk about two paths. 00:08:16.399 --> 00:08:21.120 Like one is the development path, which throws the PEA, but we have to find more outs as well. 00:08:21.279 --> 00:08:25.120 So as you know, the the our property package is quite extensive. 00:08:25.279 --> 00:08:28.160 We have only used around 10% of the property so far. 00:08:28.319 --> 00:08:30.240 So there's a lot of things to do more. 00:08:30.480 --> 00:08:39.360 There is a plan to drill this winter, I guess more step-out drilling, going a little bit outside our current deposits and trying to find these new satellite deposits. 00:08:39.519 --> 00:08:46.240 So it's it's uh sometimes when you think about the LaSonne curve, you think okay, the development stage is gonna be a little bit steady, but it's not like this. 00:08:46.320 --> 00:08:52.399 We're trying to keep finding more routes to increase that that potential mining complex that we have there. 00:08:52.559 --> 00:08:55.600 So I guess that's the that's the exciting time for Maple next year. 00:08:55.840 --> 00:08:56.000 Right. 00:08:56.080 --> 00:09:01.440 Yeah, I mean well on a on a at that scale, it's very much still a uh it's still discovery as well. 00:09:02.320 --> 00:09:03.200 As well as development. 00:09:03.519 --> 00:09:05.360 There is a chance for a discovery remains there. 00:09:05.519 --> 00:09:10.240 We keep still deploying capital to keep uh showing more ounces in the camp. 00:09:10.320 --> 00:09:14.320 I believe our shareholders is also something that we have received the feedback from them. 00:09:14.399 --> 00:09:28.159 They want to see us kind of trying to tackle those two different bats, different, but at the same time quite connected, and all of them trying to uh showcase that this is a project that has it has legs to become something quite important in the Quebec camp. 00:09:28.559 --> 00:09:30.320 All right, well, thank you so much for the update. 00:09:30.399 --> 00:09:36.639 I guess we'll have to stay in touch because all all of this is happening between now and uh Q2 of 2027. 00:09:36.799 --> 00:09:37.039 Yes. 00:09:37.200 --> 00:09:37.519 All right. 00:09:37.759 --> 00:09:38.960 Thank you for your time, Ernest. 00:09:39.279 --> 00:09:42.639 Stay tuned for more coverage from Explore 2026 here in Montreal. 00:09:42.720 --> 00:09:44.639 I'm Ernest Hoffman for Kitco Mining. 00:09:44.799 --> 00:09:47.440 Make sure that you're subscribed to receive all of our updates. 00:09:47.679 --> 00:09:54.559 Kitco Mining on site coverage of Explore 2026 is presented by Radisson Mining.