Cabral Gold (TSXV:CBR) Near-Term Production on 1.2Moz Cuiú Cuiú Gold Project in Brazil, PFS by July
Interview with Alan Carter, President & CEO of Cabral Gold Inc. Our previous interview: https://www.cruxinvestor.com/posts/cabral-gold-tsxvcbr-fast-tracking-cash-flow-to-unlock-a-new-gold-district-4939 Recording date: 31st May 2024 Cabral Gold (TSXV:CBR) presents a compelling opportunity for investors seeking exposure to a rapidly advancing gold project with near-term production potential and significant exploration upside. The company's flagship Cuiú Cuiú project in northern Brazil boasts a resource of nearly 1.2 million ounces of gold, with excellent potential for further growth. Recent drilling has underscored the district-scale potential at Cuiú Cuiú, delivering multiple high-grade intercepts from peripheral targets including 11m @ 33.0 g/t gold. CEO Alan Carter noted that this was the second-best hole ever drilled on the property, commenting: "It's very high grade over a very good width and we think it's a new zone. It's open to the east and west and down dip so it's an exciting time for us." While exploration continues, Cabral is fast-tracking a modest oxide heap leach operation to generate near-term cash flow. The company is currently completing a prefeasibility study on the oxide project, with results expected in July 2024. A positive outcome could pave the way for a construction decision in Q3 2024 and first production 9-12 months thereafter. Importantly, Cabral has a clear strategy to minimize dilution and maximize the impact of exploration spending. The company owns and operates its own drill rig, enabling it to drill for just C$75/m all-in – a fraction of what many peers pay. Cabral also benefits from the nearby construction of Brazil's third-largest gold mine by G Mining, which provides valuable infrastructure and permitting precedent. Looking ahead, Cabral is targeting completion of the oxide prefeasibility study in July and a construction decision in Q3 2024. The company aims to be in production at a rate of 1,000 tpd in H2 2025, with plans to scale up as it continues to grow the resource through exploration. A resource update is planned within 12 months. Longer-term, Cabral sees potential for a much larger operation as it proves out the scale of the Cuiú Cuiú district. "Within the next two or three years we could be doing a scoping study, a pre-feasibility study and ultimately a feasibility study on a much larger global resource," Carter explained. "I think that resource is going to be a lot larger than it currently is." In summary, Cabral Gold offers investors a unique combination of near-term catalysts, a clear path to production and cash flow, and exceptional exploration upside. With an experienced management team, a strong working capital position, and a disciplined, low-cost approach to value creation, the company is well positioned to unlock the potential of this exciting district-scale opportunity. View Cabral Gold's company profile: https://www.cruxinvestor.com/companies/cabral-gold Sign up for Crux Investor: https://cruxinvestor.com
You May Also Like
財經一路發
News98

7 Minute Leadership
Paul Falavolito

InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors

SECRETOS DE UN EMPRENDEDOR
Streamla

Marketplace All-in-One
Marketplace

Marketplace
Marketplace

CNBC's "Fast Money"
CNBC

The Weekly Money Clip
Evergreen Podcasts | CrossCheck Media

Stock Movers
iHeartPodcasts

Bloomberg Talks
Bloomberg
Community discussion