GOLD  $US/OZ $ NYSE:OR  $ TSX:OR    $      

Back Forty (Ag)

Operator: Aquila Resources
Primary Commodity: Gold, zinc
Location: Upper Peninsula, Michigan, USA
Reserves and Resources:
  • None, PFS expected Q2 2017
  • M&I of 11.9M oz and inferred of 2.0M oz Ag
  • 75% stream on LOM silver production
  • US$4.00/ounce Ag transfer payment
Production: Total Mine: LOM Avg. payable production of 290k oz Ag/year

High grade polymetallic asset in Michigan nearly permitted

  • Feasibility study in progress – robust economics expected based on the PEA
  • Main deposit open at depth
  • Potential to extend mine life and enhance project economics
  • Benefit from infrastructure advantage
  • Attractive consolidation target in base metals space


Source: Company disclosure