Cygnus Metals
Primary Ticker: ASX:CY5, TSXV:CYG
Stage of Development: Development, Exploration
Primary Minerals: Copper, Gold
Country / Region: Canada
Market Cap 82m
Website: Cygnus Metals
Cygnus Metals is a dual listed copper-gold explorer/developer and purchased the Chibougamau Project (Quebec) on 1 January. There is installed infrastructure in place, a Cu grade of 3.3%, has discovered a high grade gold deposit and lifted Resources to 14.9Mt @ 3.3% over the last 9 months. This is the lowest capital intensive copper project in the globe in a tier 1 jurisdiction. All Board Members have history of major project development experience including Firefly Metals, Mincor and Ramelius
Management Profile
David Southam, Executive Chairman
David was previously CEO of Mincor Resources taking it from $60m to $1.2b market cap. Built and funded the project through COVID. David is a NED of Ramelius Resources and was a NED of Kidman Resources. David has lead large M&A transactions and negotiated multi-billion dollar offtake agreements globally in lithium base metals and bulks. David was a previous winner of Mining CEO of the Year in Australia during 2022..
What is your rationale for taking part in 121 Mining Investment?
We are looking to market our company to investors now that we have delivered on our promises in a mere 9 months. We are at exciting juncture with substantially improved economics to be announced Q1 CY2026 and are currently drilling very high grade gold-copper targets to add to our high grade resources
What recent news would you like to highlight to investors attending?
Exploration Results and Resource Upgrade Announcement www.cygnusmetals.com
What are your key goals for the next 3, 6 and 12 months?
3 Months
Drilling at Chibougamau on high grade brownfields sites
6 Months
Updated PEA with significantly improved economics
12 Months
Move to a full feasibility study and exploration results
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Maintaining positive momentum - we have large and very supportive institutional base of shareholders
What do you think makes your company such a compelling investment?
High grade nature of our Resources, lowest capital intensive copper project, scarce to find these projects, proven track record and significant M&A in our sector and region
What are the top 3 key investor takeaways?
- Grade, Capex and opportunity
