Here's a summary of our interview with CopAur Minerals CEO Andrew Neale on the past-producing Kinsley Mountain project in Nevada. Full write-up and video at the link.
Overview:
What have they done for shareholders lately?
How much money do they have and what are they spending it on?
Upcoming catalysts
Risks
Full Article: https://resourcetalks.com/gold-stocks/historic-gold-mine-in-nevada-but-can-they-really-restart-it/
TL;DR
CEO Andrew Neale’s pitch is that this is a permitting and financing story, not a drilling story. The May 2026 resource sits at 740,000 indicated ounces at about 1.1 g/t and 69,000 inferred at about 2 g/t, including 384,000 indicated ounces at 5.3 g/t at Secret Canyon, and the PEA describes a contractor-operated open pit feeding a 4,000 tpd heap leach, producing just over 120,000 ounces across roughly four years. Initial capital is US$82 million plus another US$30 million in year one, for an after-tax NPV5 of about US$39 million and a 20% IRR at US$3,200 gold. He was blunt that US$3,200 only just clears their 20% hurdle, that they would not build below it, and that at US$4,000 they would go ahead regardless. A preliminary plan of operations went to the BLM’s Elko office in August, the first meeting is expected in September, and consultants are telling them the process takes 12 to 18 months. Only about 25% of the ounces are oxide and leachable, while the other 75% are deeper refractory sulphides that need a separate flotation route, a separate permit and a scoping study that is underway but has not been formally announced. He also told me they are about to raise money again soon.
