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Recent Company Highlights
Feb 2021 - Sale of precious metal stream toSprott Royalty for US$6M provided a strong 5-year treasuryFeb 2022 - Waterton’s remaining rights to project expired – WVM has a 100% interest in theHasbrouck Project Apr 2022 - Share buy-back program initiated for up to 5% of issued shares
About
The Company owns the
The Company believes that at the right point in the cycle, WVM will go from being undervalued to fully-valued, and in our shareholders interests and will only build or sell Hasbrouck when fully-valued.
Hasbrouck is a simple project with robust economics (2016 PFS* Base-case):
- 43% after-tax IRR, at US
$1,275 /oz gold - US
$120M after-tax Net Present Value (at a 5% discount rate), at US$1,275 /oz gold - US
$47M initial capital expenditure - 74,000 gold equivalent ounces produced per year for 8 years
- US
$709 all-in sustaining cost per gold ounce (AISC**)
Compliance with NI 43-101 and Cautionary Statement on Mineral Resources and Reserves
* This information has been summarized from the Technical Report and Updated Preliminary Feasibility Study:
** “All-in Sustaining Costs” are not Performance Measures reported in accordance with International Financial Reporting Standards (“IFRS”). These performance measures are included because these statistics are key performance measures that management uses to monitor performance. Management uses these statistics to assess how the Project ranks against its peer projects and to assess the overall effectiveness and efficiency of the contemplated mining operations. These performance measures do not have a meaning within IFRS and, therefore, amounts presented may not be comparable to similar data presented by other mining companies. These performance measures should not be considered in isolation as a substitute for measures of performance in accordance with IFRS.
Disclaimer for Forward-Looking Information
This press release may contain forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: “forecast”, “believe”, “eliminating”, “means”, “would benefit”, and similar expressions, and those, which, by their nature, refer to future events. All statements that are not statements of historical fact are forward-looking statements. Forward-looking statements in this news release includes, without limitation, statements regarding the Company's NCIB, the potential purchases of common shares for cancellation under the NCIB program, and the anticipated timing and the extent of such purchases under the NCIB program, the projected cost and economic performance of the Project based on the 2016 PFS, the Company’s ability to obtain any additional permits required to commence and complete construction and perform operations, the Company’s ability to obtain required funding on reasonable terms, and the potential identification, execution and realization of accretive opportunities. Although West Vault believes that such information as set out in this press release is reasonable, it can give no assurance that such expectations and estimates will prove correct. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from forward-looking information as a result of various factors. The reader is referred to the Company's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company's profile on SEDAR at www.sedar.com.
Neither the
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CONTACTS:
CEO
778 388 2464
smcvey@westvaultmining.com
Virtual Investor Conferences
SVP Corporate Services, Investor Access
OTC Markets Group
(212) 220-2221
johnv@otcmarkets.com
Source: Virtual Investor Conferences
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