Adelaide Capital is hosting an investor update with Pascal Hamelin, CEO of Bonterra Resources. Bonterra is a late-stage gold exploration company with 2.1 Moz defined among three 100% owned, high-grade, underground deposits within the Abitibi Greenstone Belt in Quebec, Canada. All three deposits are open laterally and at depth, with good infrastructure in the area. BTR controls the only permitted mill (800 tonnes per day [tpd]) in the region, with low-cost expansion to 2,400 tpd. BTR is fully funded for its 55,000 metre fall 2020 drilling program to infill and expand the current resources, and test regional targets. Stay tuned!
Why we like BTR
Strategic land package in Quebec’s next gold camp—the Urban Barry / Windfall Camp
2.1 Moz resource with clear expansion opportunities
Scratching the surface of a 38,050 hectare underexplored land package
Owning the only permitted mill underpins the low capex and near-term production strategy.
Drill program underway to infill and expand the current resources, and test regional targets
EV/oz of ~US$47/oz a significant discount to peers