Menu
Sign In Search Podcasts Charts People & Topics Add Podcast API Pricing
Podcast Image

Company Interviews

Cabral Gold (TSXV:CBR) Near-Term Production on 1.2Moz Cuiú Cuiú Gold Project in Brazil, PFS by July

01 Jun 2024

Description

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-4939Recording date: 31st May 2024Cabral 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-goldSign up for Crux Investor: https://cruxinvestor.com

Audio
Featured in this Episode

No persons identified in this episode.

Transcription

This episode hasn't been transcribed yet

Help us prioritize this episode for transcription by upvoting it.

0 upvotes
🗳️ Sign in to Upvote

Popular episodes get transcribed faster

Comments

There are no comments yet.

Please log in to write the first comment.