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KRO Company Profile

Northwest Copper Corp (NWST-V)
RSWeb SiteTreeForumSEDARQuoteFree
Trade DateVolumeHighLowCloseChgStatus
December 2, 2022199,500$0.220$0.210$0.215$0.000Trading
Basic Info
Listed On:TSXV: NWST6/21/1994Sector:ResourceKey People
Issued:157,516,5986/30/2022Story Type:Feasibility DemonstrationPeter Bell (CEO), Mark O'Dea (Chair), Lauren McDougall (CFO), Ian Neill (VP EX), Pamela White (Sec),
Diluted:182,903,086
JK Owns:No
Insider Stake:6%8/26/2021Tel:(604) 605-1300
Working Capital:$8,585,0876/30/2022Email:Address
Market Cap:$33,866,069
Web Site:northwestcopper.caSuite 520, 800 West Pender Street, Vancouver, BC, V6C 2V6, Canada
Cash Breakup:$0.04per shTwitter:@northwestcopper
Spec Value Rating History
Dec 11, 2018 $0.170 Fair Spec Value New
Dec 31, 2019 $0.185 Bottom-Fish Spec Value New
Dec 24, 2020 $0.385 Fair Spec Value New
Dec 31, 2020 $0.390 Fair Spec Value New
May 17, 2021 $0.800 Good Spec Value New
Dec 14, 2021 $0.790 Bottom-Fish Spec Value New
Dec 31, 2022 $0.710 Fair Spec Value New
Spec Value Rating Overview Updated May 17, 2021
SV Rating: Fair Spec Value - Favorite - as of December 31, 2022: Northwest Copper Corp is the combination of two former KRO Favorites, Serengeti Resources Inc and Sun Metals Corp, which merged on March 5, 2021 on terms where Serengeti undertook a 2:1 rollback and Sun Metals merged with the resulting company on a 0.215 NWST share for 1 Sun Metals share. Sun Metals was a Bottom-Fish Spec Value rated 2020 Favorite at $0.23 but it was downgraded to Poor Spec Value on Oct 2, 2020 when it became apparent that the Stardust project was not delivering anything new. Serengeti, in contrast, which was started as a Bottom-Fish Spec Value rated 2020 Favorite at $0.185 was upgraded on October 8, 2020 to a Fair Spec Value rated Favorite at $0.355 based on news that the East Niv copper-gold prospect had turned into a compelling porphyry target that would be drilled for the first time in 2021 (see Tracker October 8, 2020). The merger deal was announced on November 30, 2020. Serengeti was continued as a Fair Spec Value rated 2021 Favorite at $0.39 on December 31, 2020 which adjusted to a $0.78 cost base when Serengeti and Sun Metals merged. The merger created synergies in several areas which effective May 17, 2021 justify upgrading Northwest Copper Corp to a Good Spec Value rated 2021 Favorite at $0.80. The first issue was that neither Sun Metals' Stardust nor Serengeti's Kwanika projects in central British Columbia had sufficient critical mass to be developed as standalone mines, Stardust as an underground only high grade copper-gold-silver CRD style mine, and Kwanika as a combination open-pit/underground mine most of whose output would be underground mined. Stardust, which started off with the Canyon Creek resource of 2,970,000 tonnes at 1.27% copper, 1.68 g/t gold and 32.6 g/t silver, spurred excitement in 2018 with the late season discovery of the higher grade 421 Zone. Drilling over the next 2 years connected the 421 Zone to the shallower Canyon Creek zone and revealed that the 421 Zone tapered to a vertical depth of 900 m. Whatever additional zones exist, they will be deep and expensive to find. On May 17, 2021 Northwest Copper published an updated resource estimate which more than doubled the indicated and inferred resource to 7,806,100 tonnes at 0.97% copper, 1.24 g/t gold, and 21.8 g/t silver. The Central Zone at Kwanika has an open-pittable M+I+I resource of 110.3 million tonnes at 0.23% copper, 0.21 g/t gold and 0.77 g/t silver, and an underground mineable M+I+I resource of 203.6 million tonnes of 0.25% copper, 0.31 g/t gold and 0.92 g/t silver. Serengeti had published an updated PEA for a 15,000 tpd scenario in April 2017 that it planned to upgrade to a PFS by Q4 of 2019 with the help of an $8.2 million investment by South Korea's Daewoo (controlled by Posco) to earn 35%. However, the PFS was never delivered and Daewoo, which had vested for 35%, declined to participate in a 2020 expansion drill program. Daewoo was interested in Kwanika becoming the central processing hub for a number of smaller copper mines in the region, but is no longer interested. It is now looking for an exit for its diluting 33% Kwanika stake. The merger allows the Kwanika and Stardust properties to be consolidated into a single project, subject to buying out Daewoo, possibly through a paper deal later this year when NWST is trading at a better price. The two deposits are only 7 km apart. Although Stardust is CRD hosted massive sulphide mineralization while Kwanika's Central zone is disseminated porphyry style mineralization, initial metallurgical studies indicate similar flow-sheets with neither feedstock containing any deleterious elements. The new plan is to redo the 2017 Kwanika PEA as a 15,000 tpd processing facility fed with higher grade underground mined ore trucked from Stardust and blended with ore initially from the open-pitabble portion of the Central zone and ultimately with block-caved ore from the underground portion. NWST is starting a 7,200 m infill drill program costing $4.2 million to upgrade the shallower high grade underground portion of the Central Zone. The program will also test some satellite targets to the south of the Central Zone that Serengeti did not test in 2020. It will also do metallurgical studies to define a flow-sheet for the blended ore feeds. CEO Peter Bell expects it will cost $2 million to deliver a PEA by early 2022. The other main issue has to do with people. The driving force behind Sun Metals was Mark O'Dea, but he lost control of the narrative to Steve Robertson and Don McInnes who adopted a disclosure strategy of reporting only what happened 6 weeks ago and not outlining what was coming up. This alienated the Sun Metals shareholders who learned to sell before any news was due. Robertson and McInnes are not part of the NWST team. David Moore was the driving force behind Serengeti, but while he was excellent at telling the exploration story and executing technical work, he was a toiling geologist who had little stroke with the institutional audience needed to fund a feasibility demonstration project like Kwanika. Serengeti always just barely had enough money to fund its programs and not much success at getting positive market upticks to stick. As part of the merger deal O'Dea secured a $10.35 million bought deal for Sun Metals, and once the 2 companies were merged, he raised another $13 million in March 2021, bringing current working capital to about $21 million with 124.9 million issued and 146.4 million fully diluted. David Moore retired as CEO while remaining on the board, and Peter Bell, a geologist who worked 12 years for Newmont dealing with advanced projects, was brought in as the new CEO. Northwest Copper now has a well rounded management team that covers all aspects to operate a hybrid company engaged in feasibility demonstration for the Kwanika-Stardust project and discovery exploration at projects like East Niv which Dave Moore brought to the drill ready stage in 2020. While Kwanika-Stardust provides the fundamental value which allows Northwest Copper to serve as a proxy for the price of copper and gold, the blue sky resides with the 27,700 hectare East Niv play located about 30-40 km southwest of the Kemess Mine. East Niv, which is a grassroots play that has never been drilled, has a footprint similar to the Red Chris deposit and potential for high grade copper and gold porphyry mineralization. NWST will begin a 2,700 m drill program with a $2.9 million budget that could be dramatically expanded if early drilling yields discovery grades. Drilling can be done until the end of October. Although assay turnaround will likely be terrible, this style of deposit and associated mineralization provides good visual evidence that a discovery has been made. While continuing strength in gold and copper prices should pull NWST into the $1.50-$2.00, lift off related to hints of a discovery at East Niv could start in August. Sun Metals acquired a 49% interest in the Lorraine copper-gold project which sits between Kwanika-Stardust and East Niv when it acquired Lorraine Copper Corp in early 2018 to lock down its Stardust ownership. In late October 2020 Sun Metals secured a deal to acquire Teck's 51% for $1.5 million in cash or stock over 2 years and $7.5 million linked to milestones consisting of PEA, FS and a construction decision. The Lorraine property adjoins the Top Cat project Serengeti had under option and this will now be treated as a single 65,000 ha project. When Teck optioned Lorraine decades ago its exploration strategy was to look for large porphyry systems but the result, 35.2 million tonnes of 0.45-0.61% copper and 0.19-0.23 g/t gold (no longer 43-101 compliant after the ownership changes), was small. The property is prospective for high K calc-alkaline systems similar to Red Chris and Mt Polley which tend to have much smaller lateral than vertical footprints with copper-gold grades often increasing at depth. Lorraine-Top Cat needs to be revisited with a different exploration strategy, but for 2021 NWST is only allocating $800,000 for a re-compilation of existing data to set the stage for exploration in 2022. As far as the other projects in Northwest Copper's portfolio are concerned, the junior plans to get rid of those which do not have obvious size potential or have a sensitive location such as the OK deposit near Tofino. Overall NWST plans to spend $10-$13 million in 2021. Assuming gold and copper hold their current price levels, NWST should trend into the $1.50-$2.00 range as the Kwanika-Stardust PEA approaches in Q1 of 2022 and the market gets a better sense of what the combined mining operation will look like. East Niv has the potential to become a major new copper-gold discovery supporting a $1-$2 price on its own. The combination of these two distinct value creation tracks justifies a Good Spec Value rating at $0.80 which is currently implying a value of only $117 million for the company.
What's Next?
Updated May 18, 2021: Northwest Copper Corp is the result of two former KRO Favorites, Serengeti Resources Inc and Sun Metals Corp, which merged on March 5, 2021 on terms where Serengeti undertook a 2:1 rollback and Sun Metals merged with the resulting company on a 0.215 NWST share for 1 Sun Metals share. Serengeti was continued as a Fair Spec Value rated 2021 Favorite at $0.39 on December 31, 2020 which adjusted to a $0.78 cost base after the merger. Northwest Copper Corp was upgraded to a Good Spec Value rated 2021 Favorite at $0.80 on May 17, 2021 following the publication of an updated resource estimate for the Stardust project which more than doubled the Canyon Creek resource with the help of the 421 Zone discovered in 2018. (See SVR Overview Tracker May 17, 2021 for a description of the synergies created by the merger.) The new Stardust resource of 7,806,100 tonnes of copper, gold and silver mineralization had a rock value of $193/t, much more than needed for underground mining, with an in situ value of USD $1.5 billion which was less than needed for a standalone operation. This contrasts with the adjacent Kwanika project whose copper-gold-silver Central zone has an open pittable resource of 110.3 million tonnes with a rock value of $37/t and an underground mineable zone of 203.6 million tonnes with a rock value of $44/t with a combined in situ value of USD $13 billion. While that is likely worth developing as a standalone mine at current high copper and gold prices, the uncertainty about long term metal prices would be an obstacle. The new strategy is to deliver a PEA in Q1 of 2022 for a 15,000 tpd milling-flotation facility that will be fed high grade Stardust ore initially blended with Central Zone open pit ore and eventually with Central Zone underground block-caved ore. NWST initiated a 7,200 m drill program in May 2021 designed to infill drill the high grade underground core of the Central Zone and test some satellite targets to the south. While the infill drilling will not yield market moving results, discovery of additional near surface copper-gold porphyry mineralization would boost the market by extending the period that the mill can be fed lower cost open pit mined ore. Apart from the PEA which will reveal the cost structure of the combined operation and an optimal schedule for the dual ore feeds, the other milestone in 2021 ahead of the Kwanika-Stardust PEA will be metallurgical confirmation of a single flow-sheet for the processing facility. An additional milestone will be a deal with Daewoo to acquire its diluting 33% interest in Kwanika for cash and/or stock so that NWST owns 100% of both deposits. With $21 million working capital and a $13 million budget proposed for 2021, NWST should be able to achieve a $1.50-$2.00 valuation for the Kwanika-Stardust project based on 146.4 million fully diluted if the PEA clears the hurdles of after-tax NPV exceeding CapEx and a minimum IRR of 20%. While Kwanika-Stardust is an advanced copper-gold project which offers exposure to copper and gold price trends, both of which are positive in Q2 of 2021 with reasons to believe they will remain so well into 2022, the bluesky resides in the drill ready East Niv copper-gold porphyry prospect which has a style and scale similar to the Red Chris deposit owned by Newcrest and Imperial Metals. A 2,700 m drill program will begin in July and can be expanded to operate until the end of October if drilling yields a discovery. Although Sun Metals was headed by Mark O'Dea, he let marketing strategy be set by Steve Robertson and Don McInnes who adopted a rearview disclosure policy where shareholders were only told what happened 6 weeks ago, which in 2020 with covid-related delays turned into 8-12 weeks. When it comes to discovery exploration plays the market wants to know what the drill plan is at the start, and as results are received updates on what is still in the works. If a junior is to spend money on exploration targets it must make the process entertaining to shareholders. Mark O'Dea is in charge of the merged company and Peter Bell is the new CEO, but it remains to be seen if the disclosure strategy for exploration drilling has indeed changed into the form needed to generate anticipatory speculation. The Good Spec Value rating is contingent on Northwest Copper allowing the market to participate as spectators in the wildcat drilling of East Niv and letting the market run if a discovery hole is pulled. A major discovery at East Niv could support a future price target in the $3-$6 range in addition to what is attributable to Kwanika-Stardust. It will likely be August before NWST will be in a position to report how the East Niv drilling is working out, about the time that a $13 million financing done at $0.80-$1.10 comes free trading. This financing included no warrants but $10 million was done as regular flow-thru and charity flow-thru. NWST has $800,000 budgeted for mapping and data compilation at the combined Lorraine-Top Cat project but it will not be drill ready until 2022. NWST has no plans for the other projects because it does not see size potential in their target footprints. That sort of language opens the possibility that Northwest Copper may acquire other advanced BC copper projects to build its geographically focused copper-gold brand.
Corporate Change History


#Old for NewLast PricePrior NameSubsequent NameDetails
Mar 5, 2021Name Change2:1$0.49Serengeti Resources Inc (SIR-V)Northwest Copper Corp (NWST-V)
Recommendation History
Edition Date Price
Recommendation Gain
BF2000 3/26/2008 $0.58 New BF TP Buy $0.50-$0.75 0%
BF2000 3/31/2008 $1.50 New Spec Cycle Hold 100% 100%
BF2000 12/24/2008 $0.19 BF Cycle Closeout Sell 100% -75%
BF2009 12/24/2008 $0.19 New BF TP Buy $0.10-$0.19 0%
BF2009 12/30/2011 $0.16 BF Technical Closeout Hold 0% -18%
BF2014 1/14/2015 $0.06 New BF Buy below $0.10 -40%
BF2014 12/31/2015 $0.02 BF Technical Closeout 100% -80%
SV2016 8/10/2016 $0.15 Good Relative Spec Value Buy 0%
SV2016 9/22/2016 $0.21 Confirm Good Relative Spec Value Buy @ $0.21 45%
SV2016 12/30/2016 $0.14
SV Edition Rollover Closeout -3%
SV2017 12/30/2016 $0.14 Good Relative Spec Value Buy @ $0.14 0%
SV2017 10/5/2017 $0.22 Confirm Good Relative Spec Value Buy @ $0.215 54%
SV2017 10/26/2018 $0.42 Confirm Good Relative Spec Value Buy 200%
SV2017 12/11/2018 $0.17 SV Technical Closeout 100% 21%
SVF2019 12/31/2018 $0.25 Fair Spec Value Favorite 0%
SVF2019 12/31/2019 $0.19 Bottom-Fish Spec Value Favorite -24%
SVF2020 12/31/2019 $0.19 Bottom-Fish Spec Value Favorite 0%
SVF2020 10/8/2020 $0.36 Fair Spec Value Favorite 92%
SVF2020 12/31/2020 $0.39 Fair Spec Value Favorite 111%
SVF2021 12/31/2020 $0.39 Fair Spec Value Favorite 0%
SVF2021 5/17/2021 $0.80 Good Spec Value Favorite 3%
SVF2021 12/31/2021 $0.81 SV Technical Closeout 100% 4%
SVF2022 12/31/2021 $0.81 Fair Spec Value Favorite 0%
Ranking within Company's Price Range based Group
All TSX-TSXV KRO as of Dec 2, 2022Group MedianCompanyPercentileScore
Price Range:$0.20-$0.29Issued:87,243,550157,516,59824.4%54.4%
Price Group Total:135Working Cap:$2,157,687$8,585,08784.4%
TSXV KRO as of Dec 2, 2022Group MedianCompanyPercentileScore
Price Range:$0.20-$0.29Issued:80,033,349157,516,59820.0%54.0%
Price Group Total:125Working Cap:$2,121,887$8,585,08788.0%
Group figures exclude delisted and suspended companies. The higher the company percentile the better, based on the assumptions that the lowest issued shares and highest working capital are best. The score is the average of the percentiles. A percentile is that percentage of a group that a member ranks higher than. Note that issued and WC reflect latest financials.
Ranking Color Code:Lower than 25%25% to 50%50% to 75%Higher than 75%
Charts & Financing Activity
 Most recent 43-101 resource estimate  Prior resource estimate  PEA  PFS  FS/BFS/DFS
Private Placement Key
less than $500,000 $1,000,000 - $2,000,000 $5,000,000 - $10,000,000 $20,000,000 - $50,000,000
$500,000 - $1,000,000 $2,000,000 - $5,000,000 $10,000,000 - $20,000,000 over $50,000,000
Private placement financing dates and value ranges are based on transactions reported by the TSXV Monthly Review.
Date Company Type Quantity Price FT Units Amount Broker
Sep 25, 2002 Serengeti Resources Inc PP 1,760,000 $0.100
Units $176,000
Jan 20, 2003 Serengeti Resources Inc PP 1,400,000 $0.100
Units $140,000
Jan 22, 2003 Serengeti Resources Inc PP 362,500 $0.200 FT Units $72,500
Aug 11, 2003 Serengeti Resources Inc PP 317,500 $0.200 FT Units $63,500
Jan 14, 2004 Serengeti Resources Inc PP 1,995,000 $0.160 FT Units $319,200
Aug 5, 2004 Serengeti Resources Inc PP 2,000,000 $0.100
Units $200,000
Oct 1, 2004 Serengeti Resources Inc PP 634,375 $0.160 FT Units $101,500
Dec 30, 2004 Serengeti Resources Inc PP 1,859,674 $0.230
Units $427,725
Dec 30, 2004 Serengeti Resources Inc PP 2,552,000 $0.230 FT Units $586,960
Dec 29, 2005 Serengeti Resources Inc PP 1,045,000 $0.150 FT
$156,750
Dec 29, 2005 Serengeti Resources Inc PP 1,309,000 $0.120
Units $157,080
May 16, 2006 Serengeti Resources Inc PP 1,000,000 $0.300 FT Units $300,000
May 16, 2006 Serengeti Resources Inc PP 1,300,000 $0.250
Units $325,000
Feb 13, 2007 Serengeti Resources Inc PP 3,940,000 $0.800
Units $3,152,000
Feb 13, 2007 Serengeti Resources Inc PP 2,300,000 $0.900 FT
$2,070,000
Jun 18, 2007 Serengeti Resources Inc PP 1,600,000 $3.750 FT Units $6,000,000
Jun 18, 2007 Serengeti Resources Inc PP 4,666,400 $3.000
Units $13,999,200
Jun 27, 2011 Serengeti Resources Inc PP 4,213,999 $0.310
Units $1,306,340
Nov 17, 2015 Serengeti Resources Inc PP 12,020,600 $0.025
Units $300,515
Aug 3, 2016 Serengeti Resources Inc PP 6,612,000 $0.100
Units $661,200
Jul 26, 2017 Serengeti Resources Inc PP 5,502,000 $0.150 FT
$825,300
Jul 17, 2019 Serengeti Resources Inc PP 4,850,000 $0.300 FT
$1,455,000
Dec 23, 2019 Serengeti Resources Inc PP 6,852,000 $0.240 FT
$1,644,480
Jan 21, 2020 Serengeti Resources Inc PP 3,863,572 $0.180
Units $695,443
Apr 12, 2021 Northwest Copper Corp PP 3,750,000 $0.800 FT
$3,000,000
Apr 12, 2021 Northwest Copper Corp PP 5,000,000 $1.000 FT
$5,000,000
Apr 12, 2021 Northwest Copper Corp PP 4,550,000 $1.100 FT
$5,005,000
Dec 17, 2021 Northwest Copper Corp PP 16,950,000 $1.180 FT
$20,001,000
Capital
Financials Dated: June 30, 2022 Reporting Period: 6 months Year End: 12/31 Currency: CAD
Assets Liabilities Income
Cash Equivalents: $15,947,019 Current Liabilities: $9,500,276 Operating Revenues: $0
Receivables etc: $2,138,344 Tangible LT Debt: $162,306 Operating Cash Costs: $0
Current Assets: $18,085,363 Intangible LT Debt: $0 Operating Cash Flow: $0
Long Term Assets:$78,872,456Total Liabilities:$9,662,582Operating Non-Cash Costs:$0




Miscellaneous Revenue:$0
Total Assets: $96,957,819 Share Capital: $133,941,808 Cash Expenses: $9,745,673


Shareholder Deficit: ($46,646,571) Non-Cash Expenses: $1,613,336
Working Capital: $8,585,087 Net Shareholder Equity: $87,295,237 Total Expenses: $11,359,009




Overall Cash Flow:($9,745,673)
Monthly Overhead:$1,624,279

Net Income (Loss):($11,359,009)

Note:
Capital History
Date PeriodCash EqCurrent
Assets
Total
Assets
Current
Liabilities
Total
Liabiltiies
Share
Capital
GAINCash
Expenses
DilutedWorking
Capital
11/30/2010 9 $2,497,674 $5,719,446 $25,504,326 $99,250 $911,152 $34,353,151
$741,171 0 $5,620,196
8/31/2011 6 $4,547,123 $4,820,878 $25,702,869 $318,615 $986,450 $38,430,524
$639,829 56,685,221 $4,502,263
11/30/2011 9 $3,839,437 $4,155,571 $25,179,881 $187,562 $855,397 $38,430,524
$900,876 56,695,221 $3,968,009
2/29/2012 12 $3,084,337 $3,365,360 $24,568,208 $153,759 $219,923 $38,564,432
$1,206,148 59,452,220 $3,211,601
5/31/2012 3 $2,508,158 $2,694,796 $24,280,898 $333,961 $400,125 $38,564,432
$338,409 59,527,220 $2,360,835
8/31/2012 6 $1,789,364 $1,982,682 $23,919,316 $339,685 $405,849 $38,564,432
$602,886 59,012,220 $1,642,997
11/30/2012 9 $1,882,459 $1,945,718 $23,550,266 $131,570 $197,734 $38,564,432
$810,809 59,012,220 $1,814,148
2/28/2013 12 $1,547,585 $1,635,034 $21,622,142 $105,627 $105,627 $38,564,432 0% $1,038,904 56,825,221 $1,529,407
5/31/2013 3 $1,372,054 $1,399,910 $21,456,877 $82,106 $82,106 $38,564,432
$205,992 58,305,221 $1,317,804
8/31/2013 6 $1,066,710 $1,105,712 $21,080,549 $87,056 $87,056 $38,564,432
$378,486 57,930,221 $1,018,656
11/30/2013 9 $841,394 $974,672 $20,900,068 $87,995 $87,995 $38,564,432
$560,402 57,395,221 $886,677
2/28/2014 12 $785,887 $824,755 $20,028,437 $129,252 $129,252 $38,564,432 0% $677,405 58,405,221 $695,503
5/31/2014 3 $626,308 $662,711 $19,900,939 $140,066 $140,066 $38,564,432
$138,436 57,725,221 $522,645
8/31/2014 6 $322,428 $363,922 $19,730,680 $114,531 $114,531 $38,564,432
$285,642 57,600,221 $249,391
11/30/2014 9 $263,299 $304,383 $19,649,346 $151,251 $151,251 $38,564,432
$434,441 57,600,221 $153,132
2/28/2015 12 $170,120 $198,175 $19,551,935 $49,975 $190,076 $38,564,432 0% $565,166 56,775,221 $148,200
5/31/2015 3 $86,920 $108,763 $19,475,222 $56,382 $227,233 $38,564,432
$113,393 56,135,221 $52,381
8/31/2015 6 $47,109 $64,851 $19,451,081 $91,217 $304,068 $38,564,432
$214,112 56,135,221 ($26,366)
11/30/2015 9 $235,933 $250,546 $19,582,367 $208,798 $208,798 $38,746,681
$285,012 80,001,421 $41,748
2/29/2016 12 $146,169 $160,456 $1,949,500 $213,361 $213,631 $38,781,638 1% $375,560 82,401,421 ($52,905)
5/31/2016 3 $1,234,977 $1,268,555 $19,437,566 $243,017 $243,017 $38,781,638
$87,256 82,651,421 $1,025,538
8/31/2016 6 $1,186,887 $1,233,672 $19,868,266 $189,789 $189,789 $39,264,793
$241,749 92,782,421 $1,043,883
11/30/2016 9 $763,115 $847,649 $19,945,163 $30,531 $305,371 $39,357,857
$364,243 92,782,421 $817,118
2/28/2017 12 $406,451 $429,326 $19,539,905 $129,564 $129,564 $39,361,430 1% $512,691 93,967,421 $299,762
5/31/2017 3 $429,369 $456,978 $19,685,559 $122,890 $122,890 $39,661,185
$116,707 93,967,421 $334,088
8/31/2017 6 $1,085,330 $1,229,799 $2,045,679 $69,541 $69,541 $40,641,321
$271,109 99,605,221 $1,160,258
11/30/2017 9 $248,035 $761,057 $18,541,784 $222,227 $222,227 $40,692,096
$532,196 99,680,221 $538,830
2/28/2018 12 $1,032,838 $1,074,952 $18,286,950 $759,212 $759,212 $40,710,973 3% $752,688 99,755,221 $315,740
5/31/2018 3 $985,475 $1,047,327 $18,316,044 $727,114 $727,114 $41,000,635
$174,082 99,942,279 $320,213
8/31/2018 6 $977,087 $1,046,899 $18,096,189 $421,675 $421,675 $41,287,616
$152,341 100,955,579 $625,224
11/30/2018 9 $562,556 $614,487 $17,911,866 $279,884 $279,884 $41,526,689
$552,107 100,955,579 $334,603
2/28/2019 12 $373,357 $1,502,691 $18,806,757 $177,023 $177,023 $41,645,496 2% $718,582 101,194,668 $1,325,668
5/31/2019 3 $1,570,109 $2,701,894 $20,120,543 $190,292 $250,480 $43,087,541
$214,716 107,744,668 $2,511,602
8/31/2019 6 $270,115 $1,641,233 $20,334,248 $516,018 $576,205 $43,135,662
$397,291 107,894,668 $1,125,215
11/30/2019 9 $181,567 $1,529,032 $20,755,052 $1,041,649 $1,086,846 $43,213,537
$612,049 107,711,334 $487,383
2/28/2020 12 $1,802,817 $1,922,488 $19,369,718 $213,309 $571,389 $44,453,386 7% $908,346 120,890,825 $1,709,179
5/31/2020 3 $1,635,295 $1,747,481 $19,185,675 $197,484 $585,429 $44,453,386
$183,711 120,640,825 $1,549,997
8/31/2020 6 $725,663 $915,857 $19,036,975 $236,290 $573,989 $44,531,927
$445,507 121,012,929 $679,567
11/30/2020 9 $221,043 $363,837 $18,831,033 $253,345 $315,414 $44,643,270
$746,667 121,202,929 $110,492
2/28/2021 12 $511,847 $572,185 $19,709,950 $1,155,059 $1,202,023 $44,925,205 1% $1,005,282 60,601,370 ($582,874)
6/30/2021 3 $17,063,795 $19,554,567 $96,480,748 $1,751,965 $4,505,668 $111,300,650
$1,697,356 147,967,006 $17,802,602
9/30/2021 9 $10,053,794 $13,718,064 $97,225,703 $3,124,942 $4,089,433 $111,569,135
$2,633,714 151,760,012 $10,593,122
12/31/2021 12 $24,682,958 $25,688,452 $93,924,671 $7,056,693 $7,300,010 $125,979,616 180% $11,035,004 172,695,553 $18,631,759
3/31/2022 3 $22,936,159 $25,119,827 $103,867,595 $14,264,430 $14,454,980 $129,941,808
$1,909,453 177,699,564 $10,855,397
6/30/2022 6 $15,947,019 $18,085,363 $96,957,819 $9,500,276 $9,662,582 $133,941,808
$9,745,673 182,903,086 $8,585,087
Structure & People
Directors, Officers and Employees: 10,071,721 6.4% AGM: August 26, 2021
Other Insiders: 0 0.0% People Tree Available
Past Reported Shareholders: 25,194,783 N/A
Related Party Occupation Related
Since
Insider Director Officer Capacity Ownership %
Richard J. Bailes Geologist 3/5/2021

516,385 0.3%
Peter Bell Geologist 3/8/2021 CEO & President 430,000 0.3%
Teodora Dechev Engineer 4/10/2019

63,590 0.0%
Lewis V. Lawrick Merchant Banker 1/1/2006

2,840,934 1.8%
David W. Moore Geologist 7/1/2004
CEO & President 2,987,750 1.9%
Mark O'Dea Geologist 3/5/2021 Chairman 2,015,625 1.3%
David S. Smith Accountant 3/14/2022

0 0.0%
Sean Tetzlaff Accountant 3/5/2021

1,083,600 0.7%
Quinn Harper Geologist 9/24/2019
Chief Geologist 0 0.0%
James R. Lang Geologist 3/22/2021

Chief Geologist 0 0.0%
Lauren McDougall Accountant 3/5/2021
CFO 26,337 0.0%
Ian Neill Geologist 3/5/2021
VP Exploration 107,500 0.1%
Pamela White Administrator 1/16/2007
Corporate Secretary 0 0.0%
Past Insiders and Reported Shareholders - Current Ownership Status unknown - positions may be pre-rollback
Related Party Occupation Related
Since
Insider
Ended
Director
Ended

Capacity Ownership
Farah Alibhai Investor Relations 1/16/2007 9/24/2019

IR 0
Richard C. Atkinson Engineer 8/3/2016


Insider 10,269,050
BMK Communications Inc Investor Relations 8/30/2007 9/24/2019

IR 0
Brad Borada Broker 2/13/2007


Placee 200,000
Ian D. Brown
5/1/1989 4/10/2019 4/10/2019
Director 1,064,100
Richard M. Cohen Broker 12/30/2004


Placee 65,000
Nancy L. Curry Investor Relations 2/19/2020 3/5/2021

IR 0
David B. Elliott Broker 12/30/2004


Placee 33,000
Elsie Emes Broker 2/13/2007


Placee 10,000
Anthony Fierro Broker 12/30/2004


Placee 100,000
David Hamilton-Smith Broker 12/29/2005


Placee 100,000
Bernard Hensel Broker 12/30/2004


Placee 50,000
Scott Hunter Broker 12/30/2004


Placee 30,000
Howard Katz Broker 2/13/2007


Placee 25,000
Robert Klassen Broker 2/13/2007


Placee 25,000
Michael Kosowan Engineer 8/30/2018


Insider 10,100,000
Peter R. Krag-Hansen Investor 5/15/2006


Placee 200,000
Kryptonite Communications Investor Relations 1/16/2007 9/24/2019

IR 0
Larry Latter Broker 12/29/2005


Placee 100,000
Donald A. Lyons Lawyer 8/1/2006 8/24/2007 8/24/2007
Director 12,833
Lisa May Investor Relations 8/30/2007 9/24/2019

IR 0
John D. McBride Merchant Banker 2/9/2011 6/20/2013 6/20/2013
Director 0
Al Morishita Broker 12/30/2004


Placee 30,000
James N. Morton Lawyer 9/24/2019 3/5/2021 3/5/2021
Director 0
James Oleynick Broker 12/30/2004


Placee 125,000
Myron J. Osatenko Geologist 7/1/2004 9/24/2019

VP Exploration 0
Renee Patterson Broker 2/13/2007


Placee 30,000
Alec Peak Accountant 3/12/2008 9/24/2019

CFO 0
Sheri Rempel Businessperson 1/1/2018 3/5/2021

CFO 0
Craig A. Roberts Engineer 2/13/2007


Placee 71,000
Greg Steers Broker 2/13/2007


Placee 50,000
Alfred B. Stewart Broker 10/1/2004


Placee 125,000
Eric Strom Engineer 4/10/2019 3/5/2021 3/5/2021
Director 0
Monty Sutton Broker 2/13/2007


Placee 25,000
Stewart Swette Broker 12/30/2004


Placee 22,000
Victor A. Tanaka Geologist 7/1/2002 10/2/2013 10/2/2013
Advisory Board 1,028,800
George D. Tikkanen Engineer 7/1/2004 9/24/2019 9/24/2019
Director 1,175,000
Bill Whitehead Broker 2/13/2007


Placee 74,000
Jeff Willis Broker 6/27/2011


Placee 30,000
Wendell Zerb Analyst 12/30/2004


Placee 25,000
Share positions of current insiders based on last AGM circular, ownership % based on current Issued. Share positions of past insiders and shareholders have not been adjusted for rollbacks or splits.
Active Index Memberships
Membership Start Date:March 5, 2021Start Price:$0.98
KRO Favorites 2020: Features companies with Bottom-Fish, Fair or Good Spec value ratings that were designated Favorites in 2020, effective December 31, 2019.
Membership Start Date:March 5, 2021Start Price:$0.98
KRO Favorites 2021: Features companies with Bottom-Fish, Fair or Good Spec value ratings that are designated 2021 Favorites, effective December 31, 2020.
Membership Start Date:December 31, 2021Start Price:$0.81
KRO Favorites 2022: Features companies designated 2022 KRO Favorites, based on closing price December 31, 2021.
Risk Analysis

Click here to view IPV Report

Key to Understanding the Spec Value Hunter Tables
Flagship Play Secondary Plays Other Plays
A Spec Value Hunter table allows speculators to identify which projects offer poor, fair or good speculative value according to the rational speculation model. The speculative value depends on the project stage, the project's implied value as calculated by the company's fully diluted, stock price and net project interest, and the dream target deemed appropriate for the project. A dream target is what a project would be worth in discounted cash flow terms once in production.
Poor Speculative Value - Fair Speculative Value - Good Speculative Value -
Note: narrow arrows indicate IPV is outside the fair value channel but within 25% of the fair value limits
Color Key for Target Outcome Achievability
Ranges in millions
ranked from most to least achievable
below $25 Should be Private: Artisanal, Placer, Mom & Pop Shop
$25-$50 Tiny Scale: underground mine or quarry - not worth the bother
$50-$100 Small Scale: junior needs to self-develop
$100-$250 Buyout Target: by Lower Tier Producers
$250-$500 Buyout Target: by Mid-Tier Producers
$500-$1,000 Ideal Target for Junior: Buckhorn, Sleeper
$1,000-$2,000 Almost World Class: Ekati, Red Chris, Brucejack, Juanicipio, Stibnite
$2,000-$5,000 World Class: Eskay Creek, Hemlo, Hermosa-Taylor, Oyu Tolgoi, LaRonde, McArthur
$5,000-$10,000 Giants: Escondida, Sullivan, Carlin Trend, Kidd Creek, Orapa, Kamoa-Kakula
above $10,000 Off the Scale District: Wits 1.0, Araxa, Sudbury Basin, Bayan Obo
The target outcome range required for the current implied project value to represent fair speculative value is based on the upper and lower certainty limits associated with the project stage. The color coding is based on the target outcome using the mid-point of the certainty range.
Active Company Projects
Project Location Net
Interest
Stage IPV $
MM
Fair Spec Value
Required Target
Outcome Range

$100
UPV
$500

$2000
Target Metals Deposit Style
Kwanika Canada - British Columbia - Central BC 100% WI 5-PEA $39 $157 - $393 Gold Copper Silver MolybdenumPorphyry
East Niv Canada - British Columbia - Northern BC 100% WI 2-Target Drilling $39 $1,573 - $3,932 Copper Gold SilverPorphyry
Stardust Canada - British Columbia - Northern BC 100% WI 4-Infill & Metallurgy $39 $393 - $786 Gold Copper Silver ZincCarbonate Replacement
Arjay Canada - British Columbia - Northern BC 100% WI 2-Target Drilling $39 $1,573 - $3,932 CopperPorphyry
Croy Bloom Canada - British Columbia - Quesnal Trough 100% WI 2-Target Drilling $39 $1,573 - $3,932 Copper Gold CobaltPorphyry
East Copper King Canada - British Columbia - Northern BC 100% WI 1-Grassroots $39 $3,932 - $7,865 CopperPorphyry
ET West Canada - British Columbia - Northern BC 100% WI 1-Grassroots $39 $3,932 - $7,865 CopperPorphyry
Far East - LaForce Canada - British Columbia - Northern BC 100% WI 1-Grassroots $39 $3,932 - $7,865 Copper Silver
Jewel Canada - British Columbia - Central BC 100% WI 2-Target Drilling $39 $1,573 - $3,932 Copper GoldSkarn
Lorraine-Top Cat Canada - British Columbia - 100% WI 4-Infill & Metallurgy $39 $393 - $786 Copper Gold SilverPorphyry
Milligan West Canada - British Columbia - Quesnal Trough 56.3% WI 2-Target Drilling $70 $2,794 - $6,985 Copper GoldPorphyry
Notch Canada - British Columbia - Northern BC 100% WI 1-Grassroots $39 $3,932 - $7,865 Copper
OK Canada - British Columbia - Southwest BC 100% WI 4-Infill & Metallurgy $39 $393 - $786 Copper MolybdenumPorphyry
TrUM Canada - British Columbia - Northern BC 100% WI 1-Grassroots $39 $3,932 - $7,865 Nickel CobaltUltramafic Complex
UDS Canada - British Columbia 100% WI 2-Target Drilling $39 $1,573 - $3,932 Gold CopperPorphyry
West Goldway Canada - British Columbia - Northern BC 100% WI 2-Target Drilling $39 $1,573 - $3,932 CopperPorphyry
Company Projects

Kwanika Project
Featured in Share Collective
KwanikaCanadaBCCentral BC9,400 ha
Net Interest: 100% WI
Vested: Yes
Uncapped NSR/GOR: 0.00%
Ownership Terms: 100% acquired in 2004 by staking. Agreement March 7, 2016 whereby Daewoo Minerals Canada can earn 5% by spending $1.2 million in year one, with an option to earn 35% by financing an additional $7-million over the subsequent two years for aggregate expenditures of $8.2-million over three years to earn an aggregate 35-per-cent project interest. Serengeti remains as project operator, so long as it maintains a majority interest and is entitled to charge a 10-per-cent operator's fee on expenditures beyond the initial $1.2-million investment by DMC. Serengeti, in addition to maintaining its project interest, would be granted a 1-per-cent net-smelter-return royalty if its project interest is diluted below 50 per cent and an additional 0.5-per-cent NSR royalty if its interest is diluted below 33-1/3rd per cent, subject to partial buyback provisions to DMC. DMC will have certain concentrate offtake rights from production on the project, subject to Serengeti's ability to enter into separate streaming arrangements. On proceeding with the second-stage Kwanika earn-in, DMC has the right to select and earn into one of Serengeti's other exploration properties by financing additional expenditures, which property would be nominated at Serengeti's sole discretion. The Kwanika project encompasses the Kwanika, Kwanika East, Smoke, Germansen, Valleau and Rottacker properties. On Dec 29, 2021 Posco agreed to sell its 31.02% interest for $11 million payable in shares in 3 stages over 180 days as $4 million at $0.77 on closing, $4 million at 20-day VWAP 60 days later, and $3 million at VWAP 120 days later.
Target Metals: Gold Copper Silver MolybdenumModel: PorphyryStage: 5-PEA
See Reliable Project Location Google Map in free Corporate Profile
Milestone Timeline
ProgramStartEndMilestone
Economic Study - PEA2011 Q4 Mid November2011 Q4 Mid NovemberPEA begins on the higher grade portion of the copper-gold resource to evaluate a 15,000-tonne-per-day, combined open pit and underground operation with a 10- to 15-year mine life. The PEA is expected to be completed in the first quarter of 2012.
Economic Study - PEA2012 Q12012 Q1PEA expected to be completed for the higher grade portion of the copper-gold resource, evaluating a potential 15,000-tonne-per-day, combined open pit and underground operation with a 10- to 15-year mine life.
Target Testing2016 Q3 Mid August2016 Q3 Late September3 holes drilled in August, one to test IP anomaly, 1 to test north plunge of Central Zone, and 1 to test orientation of mineralization.
Base Case Resource Estimates
Project Resource Estimate - Kwanika - Central Open Pit
Mar 3, 2019NI 43-101Sue Bird P.Eng, Moose Mountain Technical Services, Cranbrook, BCCutoff: 0.13% CuEq $11.30 NSR/t, $3.25/lb Cu, $1,350/oz Au, $17/oz Ag, 0.77 exch, recoveries 91%, 75%, 75%.
Note: Based on 143 holes 65,695 m.
Resource CategoryTonnageTotal
Rock Value
MetalGradeRecoveryContained Metal% of GMV
Measured Resource24,200,000$48/tCopper0.340%100.0%181,394,498 lb59%
Gold0.33 g/t100.0%256,760 oz40%
Silver1.07 g/t100.0%832,524 oz2%
Indicated Resources80,400,000$27/tCopper0.200%100.0%354,499,699 lb60%
Gold0.18 g/t100.0%465,293 oz38%
Silver0.69 g/t100.0%1,783,622 oz2%
Inferred Mineral Resources5,700,000$21/tCopper0.160%100.0%20,105,953 lb62%
Gold0.13 g/t100.0%23,824 oz35%
Silver0.65 g/t100.0%119,120 oz2%
All Categories Spot110,300,000$31/tCopper0.229%
556,000,150 lb60%
Gold0.21 g/t
745,877 oz38%
Silver0.77 g/t
2,735,267 oz2%
Spot Gross Metal ValueMarket Cap as % of Net GMVSpot Prices Used
$3,466,928,2071.1%Copper $3.73/lb, Gold $1,784.75/oz, Silver $22.61/oz
Project Resource Estimate - Kwanika - Central Underground
Mar 3, 2019NI 43-101Sue Bird P.Eng, Moose Mountain Technical Services, Cranbrook, BCCutoff: 0.4% CuEq $29.80 NSR/t, $3.25/lb Cu, $1,350/oz Au, $17/oz Ag, 0.77 exch, recoveries 91%, 75%, 75%.
Note: Based on 143 holes 65,695 m.
Resource CategoryTonnageTotal
Rock Value
MetalGradeRecoveryContained Metal% of GMV
Measured Resource18,700,000$53/tCopper0.360%100.0%148,413,680 lb55%
Gold0.40 g/t100.0%240,491 oz43%
Silver1.15 g/t100.0%691,412 oz2%
Indicated Resources100,200,000$48/tCopper0.290%100.0%640,612,702 lb50%
Gold0.40 g/t100.0%1,288,622 oz48%
Silver1.15 g/t100.0%3,704,787 oz2%
Inferred Mineral Resources84,700,000$25/tCopper0.170%100.0%317,440,371 lb56%
Gold0.18 g/t100.0%490,178 oz42%
Silver0.60 g/t100.0%1,633,926 oz2%
All Categories Spot203,600,000$39/tCopper0.247%
1,106,466,754 lb52%
Gold0.31 g/t
2,019,291 oz46%
Silver0.92 g/t
6,030,126 oz2%
Spot Gross Metal ValueMarket Cap as % of Net GMVSpot Prices Used
$7,867,391,2880.5%Copper $3.73/lb, Gold $1,784.75/oz, Silver $22.61/oz
Project Resource Estimate - Kwanika - South Open Pit
Mar 3, 2019NI 43-101Marek Nowak P.Eng, SRK Consulting (Canada) IncCutoff: 0.13% CuEq $3/lb Cu, $1,300/oz Au, $20/oz Ag, $9/lb Mo
Note: Restated resource from 2016. Based on 58 holes 17,958 m.
Resource CategoryTonnageTotal
Rock Value
MetalGradeRecoveryContained Metal% of GMV
Inferred Mineral Resources33,300,000$32/tCopper0.260%100.0%190,874,278 lb68%
Gold0.08 g/t100.0%85,651 oz15%
Silver1.64 g/t100.0%1,755,843 oz4%
Molybdenum0.010%100.0%7,341,318 lb14%
All Categories Spot33,300,000$32/tCopper0.260%
190,874,278 lb68%
Gold0.08 g/t
85,651 oz15%
Silver1.64 g/t
1,755,843 oz4%
Molybdenum0.010%
7,341,318 lb14%
Spot Gross Metal ValueMarket Cap as % of Net GMVSpot Prices Used
$1,052,086,6263.7%Copper $3.73/lb, Gold $1,784.75/oz, Silver $22.61/oz, Molybdenum $20.10/lb
Kwanika 43-101 Economic Study (USD except where noted otherwise)
PEAMar 4, 2013
Moose MountainKwanika
Mining ScenarioTRMining Costs
Mining Type:UG+OP
Cost Currency:USD
Processing Type:

Capital Cost:$364,000,000
Operating Rate:15,000 tpd
Sustaining Cost:$143,900,000
Operating Days:365
Operating Cost:$21.20/t
Strip Rate:3.5
BC Cash Cost per Unit: USD$2.87/lb Cu
Mine Life:14 years
BC Cash Cost Net By-Products: USD($0.22)/lb Cu
LOM Tonnage:73,660,000 t
BC All-In Cost Net By-Prod: USD$0.71/lb Cu
Est Startup:

Spot All-In Cost Net By-Prod: USD$0.63/lb Cu
Production Potential

Metal 1Metal 2Metal 3Metal 4
Metal:CuAuAgMo
Grade:0.38%0.30 g/t1.38 g/t0.02%
Recovery:89.0%70.0%75.0%60.0%
Annual Output:40,512,000 lb36,400 oz2,448,000 oz390,000 lb
LOM Output:545,892,000 lb489,000 oz2,448,000 oz5,250,000 lb
Base Case Price:$3.63/lb$1,427/oz$27.50/oz$14.45/lb
Spot Price:$3.73/lb$1,785/oz$22.61/oz$20.10/lb
Base Case NSR:$26.86/t$9.49/t$12.30/t$1.03/t
Spot NSR:$27.60/t$11.87/t$10.11/t$1.43/t
Base Case Valuation
Reported Valuation Currency:USD
Pre-Tax NPV:$263,000,000
Discount Rate:5%
After-Tax NPV:
Total Base Case NSR USD:$49.67/t
Pre-Tax IRR:13%
Total Spot NSR USD:$51.01/t
After-Tax IRR:
Annual Pre-Tax Cash Flow Base Case and Net CF/FDSH USD:$155,886,860$0.80Pre-Tax Payback:7.3 y
Annual Pre-Tax Cash Flow Spot and Net CF/FDSH USD:$163,192,940$0.84After-Tax Payback:
Enterprise Value CAD :$33,039,726$.18/shShare Price:$0.22
Note:
Comparative Valuations using Life of Mine Averages
Discount Rate:0%5%10%15%
Base Case Pre-Tax NPV USD:$1,674,516,040$1,026,023,016$644,227,957$408,287,910
Base Case Pre-Tax Net NPV/Sh USD:$9.16$5.61$3.52$2.23
Premium BC PT NPV over EV:$9.02$5.48$3.39$2.10
Spot Pre-Tax NPV USD:$1,776,801,160$1,094,899,456$693,156,692$444,656,151
Spot Pre-Tax Net NPV/Sh:$9.71$5.99$3.79$2.43
Premium Spot PT NPV over EV USD:$9.58$5.85$3.66$2.30
The comparative NPV calculations assume constant annual cash flow based on the life of mine average annual payable production and CapEx spent in year one. The operating cost includes the LOM sustaining capital. Due to details such as ore scheduling these NPV figures may differ from those of the 43-101 economic study.
After-Tax Valuations using Spot By-Product Prices

East Niv Project
Featured in Share Collective
East NivCanadaBCNorthern BC18,170 ha
Net Interest: 100% WI
Vested: Yes
Uncapped NSR/GOR: 0.00%
Ownership Terms: Acquired Mar 1, 2018 by staking.
Target Metals: Copper Gold SilverModel: PorphyryStage: 2-Target Drilling
Notes on East Niv Project
Strong magnetic anomaly with historical Induced-Polarization chargeability/resistivity anomaly on Takla/Hazelton boundary.
See Company Coordinate based Project Location Google Map in free Corporate Profile

Stardust Project
Featured in Share Collective
StardustCanadaBCNorthern BC9,600 ha
Net Interest: 100% WI
Vested: Yes
Uncapped NSR/GOR: 0.00%
Ownership Terms: (formerly called Lustdust) Agreement dated May 16, 2016 by Lorraine Copper to acquire 100% from ALQ Gold Corp for 5.5 million shares, $50,000 and $100,000 exploration within 12 months. Agreement June 29, 2017 whereby 1124245 B.C. Ltd. will make a $50,000 cash payment to Lorraine Copper and issue 500,000 shares of 1124245 B.C. Ltd. and will undertake a minimum $500,000 expenditure on the property by December 31, 2017. Thereafter 1124245 B.C. Ltd. will make annual cash payments, share issuances and minimum annual property expenditures until a total of $6,000,000 has been spent on the property before December 31, 2021. At that point 1124245 B.C. Ltd. will issue sufficient shares to Lorraine Copper such that Lorraine will hold a 30% interest in 1124245 B.C. Ltd. Lorraine Copper will also retain a 2% NSR on precious metals and a 1% NSR on base metals which may be bought down by one-half each by the payment of $1,500,000 per royalty to Lorraine Copper.1124235 BC Ltd was acquired by Sun Metals Corp. On Dec 18, 2018 the deal was amended for a 500,000 share payment to Lorraine Coppe by Dec 31, 2018 so that Sun Metals can vest for 100% by issuing 31,529,315 shares by Mar 31, 2019. The agreement became moot after a Feb 4, 2019 decision to acquire Lorraine by plan of arrangement whereby Sun Metals issued 0.54 share for 1 Lorraine share which closed Apr 11, 2019. This gives Sun Metals 100% interest and wipes out the NSR.
Target Metals: Gold Copper Silver ZincModel: Carbonate ReplacementStage: 4-Infill & Metallurgy
See Reliable Project Location Google Map in free Corporate Profile
Base Case Resource Estimates
Project Resource Estimate - Stardust
May 17, 2021NI 43-101Ronald G. Simpson, PGeo, GeoSim Services IncCutoff: $65/t NSR min 2.5 m mining width, $3.25/lb Cu, $1,600/oz Au, $20/oz Ag
Note: Based on 186 holes. Assumes USD $45/t UG mining, $15/t processing, $5/t G&A. Recoveries 94% for Cu & Au, 86% Ag.
Resource CategoryTonnageTotal
Rock Value
MetalGradeRecoveryContained Metal% of GMV
Indicated Resources1,962,900$210/tCopper1.310%100.0%56,689,065 lb51%
Gold1.44 g/t100.0%90,878 oz39%
Silver27.10 g/t100.0%1,710,272 oz9%
Inferred Mineral Resources5,843,200$152/tCopper0.860%100.0%110,784,507 lb46%
Gold1.17 g/t100.0%219,803 oz44%
Silver20.00 g/t100.0%3,757,322 oz10%
All Categories Spot7,806,100$167/tCopper0.973%
167,473,572 lb48%
Gold1.24 g/t
310,681 oz43%
Silver21.79 g/t
5,467,594 oz9%
Spot Gross Metal ValueMarket Cap as % of Net GMVSpot Prices Used
$1,302,787,1583.0%Copper $3.73/lb, Gold $1,784.75/oz, Silver $22.61/oz

Arjay Project
Featured in Share Collective
ArjayCanadaBCNorthern BC4,220 ha
Net Interest: 100% WI
Vested: Yes
Uncapped NSR/GOR: 0.00%
Ownership Terms: Acquired by staking Mar 1, 2018.
Target Metals: CopperModel: PorphyryStage: 2-Target Drilling
Notes on Arjay Project
Strong magnetic anomaly with associated stream sediment copper anomalies and numerous MINFILE occurrences reporting numerous copper occurences.
See Company Coordinate based Project Location Google Map in free Corporate Profile

Croy Bloom Project
Featured in Share Collective
Croy BloomCanadaBCQuesnal Trough13,834 ha
Net Interest: 100% WI
Vested: Yes
Uncapped NSR/GOR: 0.00%
Ownership Terms: 2008 agreement where Newcrest Mining may earn a 51-per-cent joint venture interest in the Croy Bloom/Davie Creek property by financing $10-million in exploration expenditures and making $500,000 in cash payments over four years. Newcrest may then elect to earn an additional 14-per-cent interest by financing an additional $25-million toward a prefeasibility study. Newcrest withdrew in 2008.
Target Metals: Copper Gold CobaltModel: PorphyryStage: 2-Target Drilling
Notes on Croy Bloom Project
The Croy-Bloom property is located within two kilometres of a logging road spur from the Kemess mine haul road in the Johansson Lake area of the northern Quesnel trough. Prior work by Serengeti and others has outlined a large induced polarization (IP) anomaly coincident with a four-square-kilometre copper-gold-cobalt geochemical anomaly containing values up to 5.5 per cent copper, 9.4 grams per tonne (g/t) gold and 0.075 per cent cobalt in grab samples.
See Reliable Project Location Google Map in free Corporate Profile

East Copper King Project
Featured in Share Collective
East Copper KingCanadaBCNorthern BC1,600 ha
Net Interest: 100% WI
Vested: Yes
Uncapped NSR/GOR: 0.00%
Ownership Terms: Acquired Mar 1, 2018 by staking.
Target Metals: CopperModel: PorphyryStage: 1-Grassroots
Notes on East Copper King Project
Strong magnetic anomaly in valley bottom associated with stream sediment copper anomalism.
See Company Coordinate based Project Location Google Map in free Corporate Profile

ET West Project
Featured in Share Collective
ET WestCanadaBCNorthern BC522 ha
Net Interest: 100% WI
Vested: Yes
Uncapped NSR/GOR: 0.00%
Ownership Terms: Acquired by staking Mar 1, 2018
Target Metals: CopperModel: PorphyryStage: 1-Grassroots
Notes on ET West Project
Notable defined magnetic response with strong stream sediment copper anomaly within Hogem Intrusive Suite.
See Company Coordinate based Project Location Google Map in free Corporate Profile

Far East - LaForce Project
Featured in Share Collective
Far East - LaForceCanadaBCNorthern BC775 ha
Net Interest: 100% WI
Vested: Yes
Uncapped NSR/GOR: 0.00%
Ownership Terms: Acquired Mar 1, 2018 by staking.
Target Metals: Copper SilverModel:
Stage: 1-Grassroots
Notes on Far East - LaForce Project
Coincident magnetic/radiometric anomaly in valley with impressive copper-silver stream sediment results.
See Company Coordinate based Project Location Google Map in free Corporate Profile

Jewel Project
Featured in Share Collective
JewelCanadaBCCentral BC1,950 ha
Net Interest: 100% WI
Vested: Yes
Uncapped NSR/GOR: 0.00%
Ownership Terms: Acquired by staking.
Target Metals: Copper GoldModel: SkarnStage: 2-Target Drilling
Notes on Jewel Project
Located 25 km NE of Kwanika Cu-Au deposit.
See Reliable Project Location Google Map in free Corporate Profile

Lorraine-Top Cat Project
Featured in Share Collective
Lorraine-Top CatCanadaBC39,046 ha
Net Interest: 100% WI
Vested: No
Uncapped NSR/GOR: 1.00%
Ownership Terms: (formerly called Lorraine-Jajay) Teck Cominco can earn 51% by spending $9 million by Dec 31, 2010 (done), 60% by completing a feasibility study (spending $500,000 annually), and 65% by arranging production financing. If Teck does not make the minimum expenditure for 3 consecutive years it reverts to a 51% interest. In January 2014 Teck elected to form a 51:49 JV with Lorraine. Agreement Oct 29, 2020 to acquire Teck's 51% for $1.5 million over 2 years, $500,000 on PEA, $2 million on FS, and $5 million on construction decision. Teck gets a 1% NSR on claims not burdened with an NSR and 0.25% on those that are. If project sold with 60 months Teck gets 20% of proceeds. Top Cat option from Serengeti: Option dated July 23, 2019 to acquire 100% from the Pinchi Group (Donald Bragg, Peter Fox, Don Mustard, Barry Price) for 1.5 million shares, $340,000 and $1,250,000 exploration over 5 years with $100,000 during Y1. Vendors retain 3% NSR of which 2% can be bought any time before the first anniversary of production for $2 million. The claims include the former Cat Mtn project of Lysander. Property includes the 100% owned Goose claims acquired by staking.
Target Metals: Copper Gold SilverModel: PorphyryStage: 4-Infill & Metallurgy
See Reliable Project Location Google Map in free Corporate Profile

Milligan West Project
Featured in Share Collective
Milligan WestCanadaBCQuesnal Trough0 ha
Net Interest: 56.3% WI
Vested: Yes
Uncapped NSR/GOR: 0.00%
Ownership Terms: Joint venture with Fjordland Exploration.
Target Metals: Copper GoldModel: PorphyryStage: 2-Target Drilling
See Reliable Project Location Google Map in free Corporate Profile

Notch Project
Featured in Share Collective
NotchCanadaBCNorthern BC288 ha
Net Interest: 100% WI
Vested: Yes
Uncapped NSR/GOR: 0.00%
Ownership Terms: Acquired Mar 1, 2018 by staking.
Target Metals: CopperModel:
Stage: 1-Grassroots
Notes on Notch Project
Strong, defined magnetic anomaly in valley bottom within the Hogem Intrusive Suite.
See Company Coordinate based Project Location Google Map in free Corporate Profile

OK Project
OKCanadaBCSouthwest BC0 ha
Net Interest: 100% WI
Vested: Yes
Uncapped NSR/GOR: 0.00%
Ownership Terms: Agreement dated May 16, 2016, between Lorraine Copper Corp. and Eastfield Resources Ltd., whereby the company can acquire the vendor's 40-per-cent interest in the OK (Okeover) property located near Powell River, B.C. The remaining 60 per cent is held by Prophecy Development Corp. The vendor may elect to choose consideration of $40,000 cash or 800,000 shares. The vendor has the right to 20 per cent of any option payments from a third party agreement for a period of three years. The company will assume responsibility to cover its proportionate share of assessment work obligations on the property. The property is subject to an underlying 2.5-per-cent net smelter return (NSR). On Sept 28, 2016 Lorraine acquired the 60% from Prophecy for 2.2 million shares and $19,078.
Target Metals: Copper MolybdenumModel: PorphyryStage: 4-Infill & Metallurgy
See Company Coordinate based Project Location Google Map in free Corporate Profile

TrUM Project
Featured in Share Collective
TrUMCanadaBCNorthern BC706 ha
Net Interest: 100% WI
Vested: Yes
Uncapped NSR/GOR: 0.00%
Ownership Terms: Acquired Mar 1, 2018 by staking.
Target Metals: Nickel CobaltModel: Ultramafic ComplexStage: 1-Grassroots
Notes on TrUM Project
Ultramafic plug with expansive magnetic response and strong Ni-Co stream sediment anomaly.
See Company Coordinate based Project Location Google Map in free Corporate Profile

UDS Project
Featured in Share Collective
UDSCanadaBCBritish Columbia2,181 ha
Net Interest: 100% WI
Vested: Yes
Uncapped NSR/GOR: 0.00%
Ownership Terms: Acquired by staking in August 2013. On Mar 5, 2018 option to acquire 100% of adjacent Atty claim from Finlay Minerals Ltd and ATY claim Electrum Resource Corp for $625,000 cash, $975,000 in cash or shares and $12 million exploration over 8 years. Y1 is $50,000 cash on signing and $300,000 exploration commitment. Subject to 3% NSR held by Electrum of which can be reduced to 1.5% by paying $500,000 in stages over 8 years. Upon a production decision Serengeti must pay the lesser value of $1 million or 500,000 shares. The ATG claim can be acquired for 200,000 shares and carries a 1.5% NSR. Serengeti has right of first refusal on NSRs. On July 2, 2020 Serengeti terminated the Atty option.
Target Metals: Gold CopperModel: PorphyryStage: 2-Target Drilling
See Reliable Project Location Google Map in free Corporate Profile

West Goldway Project
Featured in Share Collective
West GoldwayCanadaBCNorthern BC1,624 ha
Net Interest: 100% WI
Vested: Yes
Uncapped NSR/GOR: 0.00%
Ownership Terms: Acquired Mar 1, 2018 by staking.
Target Metals: CopperModel: PorphyryStage: 2-Target Drilling
Notes on West Goldway Project
Strong magnetic anomaly near intrusive contact with Takla Group; strong stream sediment copper results.
See Company Coordinate based Project Location Google Map in free Corporate Profile
Company Related KRO Comments
Sep 2, 2022Kaiser Watch - 0:16:33
Jul 15, 2022Kaiser Watch - 0:30:37
Apr 14, 2022Kaiser Watch - 0:30:36
Mar 3, 2022Kaiser Watch - 0:08:48
Feb 10, 2022Kaiser Watch - 0:16:24
Oct 28, 2021Discovery Watch with HoweStreet.com - 0:00:01
May 19, 2021Discovery Watch with HoweStreet.com - 0:00:01
May 18, 2021Tracker: What's Next for Northwest Copper Corp?
May 17, 2021Tracker: Spec Value Rating Overview for Northwest Copper Corp
Mar 31, 2021Discovery Watch with HoweStreet.com - 0:00:01
Dec 3, 2020Discovery Watch with HoweStreet.com - 0:27:10
Oct 8, 2020Tracker: New Spec Value Rating for Serengeti Resources Inc
Oct 8, 2020Discovery Watch with HoweStreet.com - 0:14:35
Sep 4, 2020Discovery Watch with HoweStreet.com - 0:08:15
Sep 3, 2020Tracker: What's Next for Serengeti Resources Inc?
Jan 28, 2019Tracker: Spec Value Rating for Serengeti Resources Inc (SIR-V)
Jan 24, 2019Discovery Watch with HoweStreet.com - 0:00:00
Nov 14, 2018Discovery Watch with HoweStreet.com - 0:09:04
Oct 26, 2018SVH Tracker: Putting Serengeti's Kwanika drill results into context
Oct 23, 2018Discovery Watch with HoweStreet.com - 0:00:00
Jan 19, 2018Discovery Watch with HoweStreet.com - 0:22:45
Jan 15, 2018Discovery Watch with HoweStreet.com - 0:11:33
Oct 6, 2017Discovery Watch with HoweStreet.com - 0:00:00
Oct 5, 2017SVH Tracker: Recommendation Strategy for Serengeti Resources Inc
Aug 1, 2017Discovery Watch with HoweStreet.com - 0:00:00
Apr 7, 2017Discovery Watch with HoweStreet.com - 0:05:10
Nov 18, 2016Discovery Watch with HoweStreet.com - 0:12:58
Oct 27, 2016Discovery Watch with HoweStreet.com - 0:03:42
Oct 20, 2016SVH Tracker: Serengeti's UDS delivers Plan B exploration play for 2017
Sep 22, 2016SVH Tracker: Serengeti's Kwanika IP target intact and more prospective
Sep 22, 2016Discovery Watch with HoweStreet.com - 0:00:00
Sep 15, 2016Discovery Watch with HoweStreet.com - 0:15:48
Aug 10, 2016SVH Tracker: Recommendation Strategy for Serengeti Resources Inc
Mar 31, 2008Tracker 2008-16: Spectacular Kwanika hole supports new theory but does not signal a sweet spot starter pit
Mar 26, 2008Tracker 2008-15: Is "too small" the inevitable outcome for Kwanika?
Jan 26, 2007Excerpt: Bottom-Fish Action Report - A lurching stairway to hell or a modulated stairway to heaven?

Company News Releases - Members Only
Nov 16, 2022First Batch of Stardust Drilling Results from 2022 Program. Highlight is 44.20 Metres at 1.31% CuEq Including 21.10 Metres of 2.41% CuEq
Nov 4, 2022First ESG Report
Oct 24, 2022Long Intercepts Within the Northern Extension of the Kwanika Deposit, Including 364.20 Metres at 0.27% CuEq
Oct 12, 2022Long Intercept of High Grade in the Heart of Kwanika 304.20 Metres at 0.79% CuEq Including 36.70 Metres of 2.07% CuEq
Oct 11, 2022Property Asset or Share Purchase Agreement
Sep 27, 2022Additional Kwanika High Grade Drill Results as Part of a Near Surface Program in the Northern Part of the Deposit; Results Include 24.95 Metres of 2.18% Copper Equivalent Within a Broader
Sep 12, 2022Files Lorraine Mineral Resource Estimate Technical Report on SEDAR
Sep 7, 2022Closing of Final Tranche of Its Consolidation of 100% Interest in Kwanika Project
Aug 18, 2022Start of 2022 Lorraine Drill Program
Aug 17, 2022Near Surface, Very High-Grade Copper in Multiple Holes. Including 14.52% CuEq Over 1.45 Metres and 4.06% CuEq Over 2.00 Metres, Both Within Longer Intervals
Jul 27, 2022New Resource Estimate at the Lorraine Project Resulting in a Significant Increase to Total Copper Gold Resource Base
Jul 20, 2022First Drill Results From 2022 Exporation Program. Highlights Include 19.15 Metres of 1.01% CUEQ and 15.70 Metres of 1.21% in the Southern Part of the Kwanika Footprint
Jul 11, 2022Progress of the 2022 Exploration Program and the Startup of the 2022 East Niv Drill Program
Jun 24, 2022Results of 2022 AGM
Apr 26, 2022Closing of Tranche 2 of Its Consolidation of 100% Interest in Kwanika Project
Apr 26, 2022Investor Relations Appointment
Apr 12, 2022Step Out Drilling at Stardust Returns Grades up to 5.29% CuEq; Strong Skarn Alteration in Holes Drilled Away From the Current Resource Area
Mar 31, 2022Start Of 2022 Drill Program; Initial Drilling at Kwanika Gets Off to an Early Start
Mar 23, 2022First Phase of 2022 Exploration Plans Including Drilling Programs on Kwanika/Stardust, East Niv and Timeline for Completion of Kwanika/Stardust Pea
Mar 15, 2022Appointment of David Smith to the Board of Directors
Mar 11, 2022NorthWest Copper Receives First Payment from Property Option Agreement
Mar 11, 2022Alpha Copper Makes First Payment to Acquire Okeover Copper Project
Mar 10, 2022Successful Step Out Results From 2021 Kwanika Drilling. Mineralization Encountered Outside the Resource Areas With 137 Metres of 0.52% CuEq Including 34 Metres of 1.30% CuEq
Mar 3, 2022Property Asset or Share Purchase Agreement
Feb 28, 2022Intersects 280 Metres of 1.08% CuEq Including 13.85 Metres of 4.16% CuEq, and 227.6 Metres of 0.83% CuEq Including 4.00 Metres of 5.05% CuEq at Kwanika
Feb 24, 2022Closing of Tranche 1 of its Consolidation of 100% Interest in Kwanika Project
Jan 27, 2022Intersects Multiple Intervals of High Grade Gold Up to 10.5 Grams per Tonne at East Niv While Expanding the Footprint of Copper and Gold Mineralization in Additional Drillholes
Jan 14, 2022Signing of Option Agreement, Unit Financing, Investor Relations Engagement and Stock Option Grant
Jan 14, 2022NorthWest Copper Enters Into Property Option Agreement
Jan 14, 2022Enters Into Property Option Agreement
Dec 30, 2021NorthWest Announces Annual Grant of Stock Options and Restricted Share Units
Dec 29, 2021To Consolidate 100% Interest in Kwanika Project
Dec 17, 2021Private Placement Brokered
Dec 2, 2021Closing of C$20 Million Bought Deal Private Placement
Nov 16, 2021Additional High Grade Cu Au Porphyry Results From Multiple Holes at Kwanika Including 100.5 Metres of 1.91% CuEq and 71.90 Metres of 2.64% CuEq
Nov 9, 2021C$20 Million Bought Deal Private Placement
Nov 8, 2021Drills Discovery Hole at East Niv Returning 0.56% CuEq Over 81.60 Metres Including 1.02% CuEq Over 14.80 Metres
Oct 27, 2021Intersects 33.60% CuEq Over 9.40 Metres Within a 235.45 Metre Interval of 2.92% CuEq, Discovering a New Style of High Grade Mineralization at Kwanika
Sep 28, 2021Adds More High Grade Drill Results at Kwanika
Sep 9, 2021New High Grade Drill Results at Kwanika
Aug 27, 2021Results of 2021 AGM
Aug 23, 2021Begins Trading on OTCQX
Jul 23, 2021Initiates Drill Program at East Niv
Jul 15, 2021Doubles Size of East Niv Property and Provides an Update on Kwanika Drilling to Date
Jul 2, 2021Files Updated Stardust Mineral Resource Estimate Technical Report on SEDAR
Jun 15, 2021Appoints Vesta Filipchuk as VP Sustainability
Jun 15, 2021Starts Drilling at Kwanika Initial 7200 Metre Program
Jun 4, 2021Financial Results for the Fiscal Year Ended February 28, 2021 and Operating Highlights
Jun 3, 2021Provides Update on 2021 Field Programs and Start of Drilling at Kwanika
May 17, 2021Expands Stardust Cu Au Ag Deposit With New Resource Estimate
Apr 19, 2021Positive Initial Metallurgical Results From Stardust Show Copper Recoveries to 98.6% and Gold Recoveries to 93.9%
Apr 12, 2021Private Placement Brokered
Mar 31, 2021Closing of C$13.0 Million Bought Deal Private Placement
Mar 22, 2021Dr. James Lang Appointed Chief Geoscientist of Northwest Copper Corp.
Mar 9, 2021C$13.0 Million Bought Deal Private Placement
Mar 8, 2021Appointment of Peter Bell as President & CEO
Mar 5, 2021Plan of Arrangement
Mar 5, 2021Serengeti and Sun Metals Announce Completion of Merger and Name Change to Northwest Copper Corp.
Mar 3, 2021Serengeti and Sun Metals Announce Final Order
Mar 3, 2021Name Change and Consolidation
Mar 3, 2021Name Change and Consolidation
Feb 26, 2021Serengeti and Sun Metals Announce Results of Shareholder and Securityholder Meetings
Feb 2, 2021Drills 212 Metres of 0.40% Cu, 0.08 g/t Au (0.46% CuEq) Including 79 Metres of 0.54% Cu, 0.14 g/t Au (0.64% CuEq) Expanding Central Zone
Jan 22, 2021Interim Order and Update to Merger to Consolidate Copper District in North Central BC
Dec 17, 2020Close Upsized $10,350,000 Bought Deal Offering in Connection With Merger Transaction
Dec 16, 2020Drills 698 Metres of 0.40% Cu, 0.65 g/t Au (0.80% CuEq) Including 124 Metres of 0.70% Cu, 2.10 g/t Au (1.96% CuEq) in Infill Hole at Kwanika
Dec 2, 2020Serengeti and Sun Metals Announce Upsize to Bought Deal Offering in Connection with Merger Transaction
Nov 30, 2020Serengeti and Sun Metals Announce Merger to Consolidate Copper District in North Central BC and Concurrent $8 Million Financing
Nov 18, 2020Results of its 2020 Annual General Meeting
Oct 20, 2020Completes 2020 Drilling Program at Kwanika: Resource & Exploration Upside Successfully Identified
Oct 7, 2020Identifies 3.5 Sq.Km. Multiparameter Porphyry Copper Gold Target at East Niv; Demonstrates District Scale Potential
Sep 29, 2020Kwanika Copper Renews Agreement with Takla Nation
Sep 15, 2020Drilling at Kwanika: Adds Second Rig
Aug 10, 2020Kwanika Update Drilling to Begin
Jul 27, 2020Provides 2020 Field Program Update on East Niv & Top Cat
Jun 29, 2020Filing of Annual Financial Statements
Jun 23, 2020Shares for Debt
Jun 15, 2020Shares for Debt Settlement
Jun 2, 20202020 Exploration Permits, Plans and Strategy
Mar 31, 2020Provides Corporate Update, Outlines 2020 Regional Exploration & Kwanika Project Plans
Feb 19, 2020Receives METC Refund on Exploration Properties, Engages Corporate Communications Services and Grants Stock Options
Jan 21, 2020Private Placement Non Brokered
Jan 20, 2020Identifies Targets at Cat Mountain; Reports Results of PGE Analysis and Petrography at Top Cat
Jan 20, 2020Drilling and Optimization Programs at Kwanika for 2020
Dec 18, 2019Closing of a First Tranche of its Flow Through Private Placement and Implementation of a Non Brokered, Hard Dollar Private Placement
Dec 12, 2019Non Brokered Flow Through Private Placement
Nov 5, 2019Samples 6.50 g/t Au at Top Cat, North central British Columbia
Oct 9, 2019Results of Atty Drilling Program, Provides Exploration Update
Sep 25, 2019Results of its 2019 Annual and Special General Meeting
Sep 17, 2019Closing of $700,000 Loan Financing
Sep 16, 2019Samples 14.7% Cu + 437g/t Ag at Arjay Project Completes Drilling, Follow up Geophysics at Atty
Sep 4, 2019$700,000 Loan Financing
Aug 14, 2019Identifies Mineralized Porphyry System at East Niv
Jul 25, 2019Identifies New Porphyry Target & Starts Drilling At Atty
Jul 23, 2019Options Large Property Package Adjacent to Lorraine Copper
Jun 25, 2019Mobilizes Field Crews For 2019 Exploration Program
May 21, 2019Completion of Flow Through Share Private Placement
May 15, 2019Kwanika Copper Corp and Serengeti Announce Initial Metallurgical Test Results from Kwanika Project
Apr 24, 2019Flow Through Share Private Placement
Apr 18, 2019Filing Of Kwanika Technical Report And Provides Update On The Pre Feasibility Study
Apr 10, 2019Strengthens & Renews its Board of Directors: Adds Mining and Capital Market Expertise, Diversity
Apr 4, 2019Reports on the ATTY Property Option by Serengeti Resources Inc and the Appointment of a Vice President, Corporate Relations
Mar 4, 2019Expands Kwanika Central Zone Mineral Resource Project Confidence Substantially Increased
Dec 5, 2018Kwanika Copper Corporation Drills 392 metres of 0.53% Cu, 0.41 g/t Au (1.54 g/t AuEq) Including 130 metres of 0.64% Cu, 0.88 g/t Au (2.25 g/t AuEq) at Kwanika
Nov 29, 2018Regional Exploration Results from 2018: Including 57% Cu and 670 g/t Ag from Arjay, British Columbia
Nov 20, 2018Kwanika Copper Corporation and Serengeti Resources Provide Update on Prefeasibility Study Progress for Kwanika Copper Gold Project
Nov 13, 2018Kwanika Copper Corporation Drills 500 Metres of 0.66% Cu, 0.80g/t Au (2.19 g/t Au Eq) Including 113 Metres of 1.31% Cu, 1.31 g/t Au (4.09 g/t Au Eq) from near surface at Kwanika
Oct 18, 2018Kwanika Copper Corporation Drills 514 Metres of 0.64% Cu, 0.80g/t Au (2.15 g/t Au Eq) Including 168 Metres of 0.81% Cu, 1.71 g/t Au (3.42 g/t Au Eq) at Kwanika
Oct 3, 2018Reports on the ATTY Property and the Serengeti option agreement
Sep 27, 2018Outlines Exceptional Drill Target at Croy Bloom Property, North Central British Columbia
Sep 24, 2018Outlines Drill Targets At Atty Gold Copper Project, North Central British Columbia
Sep 20, 2018Acquires NSR Royalties on Thor Marmot and Deer Lake Copper Gold Properties in British Columbia
Sep 11, 2018Kwanika Copper Corporation Completes Drilling Program at Kwanika Copper Gold Project, North Central British Columbia
Aug 9, 2018Begins Field Work at Atty Gold Copper Project, North Central British Columbia
Jun 28, 2018Kwanika Copper Corporation Mobilizes Drill Rigs to Kwanika Copper Gold Project, North Central British Columbia
Jun 13, 2018Closes Early Warrant Exercise Incentive Program: Raises Aggregate $375,000
May 29, 2018Kwanika Copper Corporation And Takla Lake First Nation Sign Exploration Agreement For The Kwanika Copper Gold Project
May 23, 2018Private Placement Non Brokered, Amendment
May 22, 2018Early Warrant Exercise Incentive Program
May 17, 2018Serengeti / POSCO DAEWOO Subsidiary, Kwanika Copper Corp Selects Merit Consultants International to Lead Pre Feasibility Study for Kwanika Copper Gold Project
Apr 11, 2018Engagement Of Board Advisor For Advancement / Development Of Its Mineral Projects And Grant Of Stock Options
Apr 10, 2018Receipt Of Regulatory Approval For Acquisition Of Key Exploration Property, The Grant Of Stock Options And Change Of Auditor
Apr 9, 2018Property Asset or Share Purchase Amending Agreement
Mar 5, 2018Acquisition of Key Exploration Property Adjacent to Kemess Copper Gold Development Project
Mar 1, 2018Stakes Multiple Targets In North Central British Columbia Following Geoscience BC Search III Data Release
Jan 11, 2018Identifies Strong Sulphide System at UDS; Provides update on Toodoggone Exploration Program
Dec 20, 2017Milligan West Drill Program Identifies Target For Follow up
Nov 28, 2017Property Asset or Share Disposition Agreement
Nov 27, 2017Reports Closing Of Definitive Agreement With Posco Daewoo For The Kwanika Project And Receipt Of $c 7 Million
Nov 6, 2017Completion Of Airborne Survey On Rcn Property Located Adjacent To Gt Gold In Golden Triangle Area Of Northwestern Bc
Oct 4, 2017Completion Of Drill Programs At Milligan West And UDS Projects
Oct 3, 2017Settles Final Joint Venture Contract For Kwanika Project With Posco daewoo
Sep 19, 2017Drill Mobilization To Uds Property & Start Of Drilling At Milligan West Project
Sep 6, 2017Drill Mobilization To Milligan West Property & Annual General Meeting Results
Jul 27, 2017Resume Trading
Jul 27, 2017Retransmission: Serengeti Receives Posco Daewoo's Notification To Exercise Its Option To Fund $7 Million To Advance Kwanika Copper Gold Project
Jul 26, 2017Private Placement Non Brokered
Jul 26, 2017Receives Posco Daewoo's Notification To Exercise Its Option To Fund $7 Million To Advance Kwanika Copper Gold Project
Jul 25, 2017Completion Of Oversubscribed Equity Financing
Jul 10, 2017Non Brokered Flow Through Private Placement
Apr 20, 2017Files Ni 43 101 Preliminary Economic Assessment Technical Report For Kwanika
Apr 4, 2017Retransmission serengeti Announces Positive Pea Results:
Apr 3, 2017Positive Pea Results: 21% Irr Pre tax For
Jan 30, 2017Grant Of Stock Options
Jan 19, 2017Corporate Update January, 2017
Jan 4, 2017Updated NI 43 101 Technical Report Filed On Sedar
Dec 15, 2016Identifies Strong Drill Target Immediately West Of Mt. Milligan Mine
Nov 14, 2016Significant High Grade Copper gold Mineral Resource Identified
Oct 20, 2016Identifies High Priority Drill Target Nearby Kemess Mine In Northern BC
Sep 22, 2016Resume Trading
Sep 22, 2016Halt
Sep 22, 2016Drills 2.0 G/t Au Eq (0.71%cu, 0.83 G/t Au) Over 438 Metres At Kwanika Central Zone; Expands Footprint Of Mineralized System To The North And To Depth
Aug 25, 2016Completion Of Drilling Program At Kwanika And Initiation Of Resource Update
Aug 8, 2016Investor Acquires Shares Of Serengeti Resources Inc.
Aug 8, 2016Completion Of Oversubscribed Equity Financing
Aug 3, 2016Private Placement Non Brokered
Jul 27, 2016Begins Drilling At Kwanika Copper gold Project
Jul 22, 2016Oversubscription Of Financing
Jul 18, 2016Adoption Of Advance Notice Policy And Date Of Its Annual Shareholder Meeting
Jul 13, 2016Equity Financing
Jun 21, 2016Start Of Partner funded Field Program At Kwanika Copper gold Project
Apr 26, 2016Grant Of Options
Apr 6, 2016Kwanika Deal Closing With Posco Daewoo Corp., Receipt Of Initial $1.2 Million Investment
Mar 7, 2016Signing of Binding Agreement with Daewoo International Corp. for Kwanika Project
Feb 10, 2016Grant of Options
Nov 23, 2015Completion of Equity Financing
Nov 17, 2015Private Placement Non Brokered
Oct 23, 2015Equity Financing
Oct 15, 2015Recent Exploration Results and Progress on Strategic Deal for Kwanika
Jul 30, 2015Loan Transaction
Mar 2, 2015Update on Major Strategic Investment by South Korea's Leading Trading Corporation
Dec 22, 2014Acquires Los Cuates Gold Project, Mexico Assigns El Reventon Silver Project
Dec 1, 2014Terms of a Major Investment by Strategic Partner and Multi Property Joint Venture Deal
Sep 29, 2014Identifies Two Prospective Targets on the UDS Property, Kemess Mine Area
Sep 24, 2014Strong Copper Gold Mineralization from Previously Un sampled Drill Core at Croy Bloom
Sep 3, 2014Identifies Copper Gold Mineralization, Geochemical and Geophysical Anomalies on the RCN property
Aug 26, 20146.7 Cu%, 5.9 G/t Au, 464 G/t Ag Assays From Rottacker; Strong Adjacent Copper Soil Anomaly
Aug 21, 2014Sumac Increase Drilling To 4,500 Metres At Dillard, Southern British Columbia
Jul 22, 2014Change of Auditor
Jun 24, 2014Initiation Of Targeted Summer Field Program
Jan 22, 2014A Significant Expansion To Its Uds Property
Jan 16, 2014Identifies A Robust Copper gold Target On Rcn Property; Sampling Results Grade Up To 0.59% Cu, 1.59 G/t Au
Oct 2, 20136.6% Cu From Rottacker Property
Sep 3, 2013Summer Field Program Identifies Important Copper Gold Targets


 

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