Member Company Profile

Trilogy

TMQ:US|Last Price: USD 1.60|Market Cap: USD 210.11 M

USD 1.48        USD 3.13


Gold Price: $1,497.20|Silver Price: $17.72|Platinum Price: $929.00|Palladium Price: $1,593.00|Gold:Silver: 84.5


Status: Developer|Primary Mineral: Copper|Primary Country of Operation: United States


Last Updated: July 19, 2019

  Print Profile

IR Contact

Patrick Donnelly
+1 (604) 630-3569
[email protected]
www.trilogymetals.com

Address

609 Granville Street, Suite 1150
Vancouver, BC V7Y 1G5
Canada

Cautionary Information

© Copyright 2019, Denver Gold Group & Trilogy.
Although every care has been taken to ensure that this data is accurate, Denver Gold Group cannot accept responsibility for sourcing variances, mistakes, errors or omissions or for any action taken in reliance thereon. Use of this data is governed by Denver Gold Group's Terms of Use.

Vancouver-based Trilogy Metals Corp Inc. is an emerging copper developer that is advancing its Upper Kobuk Mineral Projects which are in northwest Alaska approximately 275 kilometres southeast of Teck’s Red Dog zinc mine.

Our two flagship assets are our Arctic Copper-Zinc-Lead-Gold-Silver project which hosts Reserves of approximately 4.4 billion pounds (2 million tonnes) of copper equivalent. In early 2018 we completed a pre-feasibility study on Arctic which outlined a 12-year 10,000 tpd operation producing an annual average of 160 million pounds (72,600 tonnes) of copper, 200 million pounds (91,000 tonnes) of zinc plus lead and precious metals. Average life-of-mine cash costs (net of by-product credits) are estimated to be US$0.15 per pound ($330/tonne) of copper. At a copper price of US$3.00/lb ($6,614/tonne) The project has a post-tax NPV of US$1.4 billion and an IRR of 33%. The company is moving forward with a feasibility study on Arctic. We also expect to commence permitting in late 2019. We estimate that 60% of our revenues will come from copper production.

Our other flagship asset is our Bornite project, which is located 27 kilometres away from Arctic. The Bornite project contains approximately 5.5 billion pounds (2.5 million tonnes) of copper and 77 million pounds of cobalt.

In 2017 we entered into an option to form a joint venture agreement with South32 Ltd. (“South32”) in which South 32 can earn a 50% interest in our projects. South32 is an Australian-based base-metal mining company with operations in southern Africa and Australia.

The Company has just commenced a US$18.2 million exploration program at the UKMP. This will include infill and expansion drilling at Bornite, pre-permitting and feasibility work at the Arctic project and a regional exploration program within the Ambler volcanogenic massive sulphide belt.

We expect that 2019 will be a milestone year for the company given that the United States Bureau of Land Management and the United States Army Corp. of Engineers should complete the permitting of the Ambler Mining District Industrial Access Project which is a 320 kilometer private road that will link up the Ambler Mining District with the Dalton Highway and the Port of Alaska in Anchorage.

Currently, we have a treasury of approximately US$30 million and a market capitalization of US$380 million and we are listed on the NYSE and TSX.

Value Drivers
  • One of the highest grade copper-zinc projects in the world
  • Have solid partnerships with the Government of Alaska, the U.S. Federal Government and local native corporations
  • Have an option to form a joint venture with South32 Ltd. which is an Australian producer

Annual Proven & Probable Reserves

Probable Reserves of 43.0 million tonnes grading 2.32% copper, 3.24% zinc, 0.57% lead, 0.49 g/t gold and 36 g/t silver

Top Shareholders
  • Electrum Group
  • South32 Ltd
  • Baupost Group
Management
Chairman: Janice Stairs
CEO: Rick Van Nieuwenhuyse
CFO: Elaine Sanders
VP Projects: Bob Jacko
VP Corporate Communications and Development: Patrick Donnelly
More Detail
Capital Structure
Common Shares Outstanding: 131,585,612
Warrants Outstanding: 6,521,740
Other Stock Units: 1,405,353
Options Outstanding: 11,178,100
Fully Diluted Shares: 150,690,805

IR Contact

Patrick Donnelly
+1 (604) 630-3569
[email protected]
www.trilogymetals.com

Address

609 Granville Street, Suite 1150
Vancouver, BC V7Y 1G5
Canada

Cautionary Information

© Copyright 2019, Denver Gold Group & Trilogy.
Although every care has been taken to ensure that this data is accurate, Denver Gold Group cannot accept responsibility for sourcing variances, mistakes, errors or omissions or for any action taken in reliance thereon. Use of this data is governed by Denver Gold Group's Terms of Use.