TriStar Gold
Primary Ticker: TSXV:TSG, OTCQB:TSGZF
Stage of Development: Development, Exploration
Primary Minerals: Gold
Country / Region: Brazil
Market Cap 30M
Website: TriStar Gold
TriStar Gold Inc is a gold exploration and development company listed on the TSX Venture Exchange. Our 100% owned flagship property, Castelo de Sonhos gold project, is located in Pará State, Brazil. The Company is currently completing a pre-feasibility study on the Esperança South target and has recently commenced drilling on additional high priority targets within the project area.
Management Profile
Nick Appleyard, CEO and President
Mr. Appleyard was the CEO of Chaparral Gold (CHL), VP Corporate Development for International Minerals (IMZ) and has had 25+ years managing precious metals exploration, development and production JVs in North and South America. Projects advanced through to production decisions include Pallancata and Inmaculada in Peru (now core assets of Hochschild Mining), Rio Blanco in Ecuador, Gemfield in Nevada, and next is Castelo de Sonhos.
What is your rationale for taking part in 121 Mining Investment?
TriStar's Castelo de Sonhos project is at the final milestone in the permitting process for the LP permit, the major environmental permit in Brazil. The receipt of this permit would make Castelo de Sonhos one of very few multi-million-ounce permitted deposits in a great mining jurisdiction. We are looking to share this opportunity with new market investors.
What recent news would you like to highlight to investors attending?
Oct 2, public hearing date set for Nov 22, final milestone in LP permit process.
What are your key goals for the next 3, 6 and 12 months?
3 Months
Complete the LP permitting process and receive the permit.
6 Months
The big announcement on how the project will be developed.
12 Months
Final FS and into construction.
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Permitting risks always exist, but we feel that we have mitigated these very well, and if there were any serious ones we would know about them by now.
The biggest challenge has been and continues to be the market, the project itself has been going spectacularly.
What do you think makes your company such a compelling investment?
A simple gold project with considerable scale and soon to be permitted. The compelling part to this story now is the short timeframes being discussed, the permits should come through in the near future, with a high likelihood of generating some form of liquidity event.
What are the top 3 key investor takeaways?
- A large scale gold project, with good third party validation (Royal Gold and Auramet investments) in a good mining jurisdiction.
- Approaching major milestone.
- Potential for significant liquidity event.
