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KRO Company Profile

West Vault Mining Inc (WVM-V)
RSWeb SiteTreeForumSEDARQuoteFree
Trade DateVolumeHighLowCloseChgStatus
June 12, 20240$0.990$0.990$0.990$0.000Trading
Basic Info
Listed On:TSXV: WVM2/12/2008Sector:ResourceKey People
Issued:57,959,8263/31/2024Story Type:Feasibility DemonstrationSandy McVey (CEO), Peter F. Palmedo (Chair), Frank R. Hallam (CFO),
Diluted:59,655,702
JK Owns:No
Insider Stake:63%7/13/2020Tel:(604) 685-8311
Working Capital:$4,322,8513/31/2024Email:Address
Market Cap:$57,380,228
Web Site:westvaultmining.com1100 Melville St #838, Vancouver, BC, V6E 4A6, Canada
Cash Breakup:$0.01per shTwitter:@westvault
Spec Value Rating History
Apr 13, 2023 $1.020 Good Spec Value New
Dec 29, 2023 $0.950 Good Spec Value New
Spec Value Rating Overview Updated April 13, 2023
SV Rating: Good Spec Value - Favorite - as of December 29, 2023: West Vault Mining Inc is a 2023 KRO Favorite effective April 13, 2023 at $1.02 with a Good Speculative Value rating based on it positioning itself as a buyout target for a mid tier gold producer interested in developing the Hasbrouck project located just outside Tonopah in Nevada's Walker Lane. The target is a rapid repricing into the $1.50-$2.00 range to reflect fair speculative value, followed by leveraged tracking of higher real price gains (ie a 25% move by gold to $2,500 translates into a 600%-800% move to $7-$9 ahead of a buyout offer involving inflated but liquid paper from a mid tier producer). West Vault is headed by CEO Sandy McVey and Chairman Peter Palmedo whose Sun Valley Gold LLC owns 46% of the stock. Ruffer LLP and Eric Sprott own another 22%. The junior has about $4 million working capital which at the current overhead burn rate and no plans to do additional work at Hasbrouck would allow the company to operate for 4-5 years without any further equity dilution. The board includes highly experienced people like Stephen Quin and Pierre Lebel. The stated goal is to minimize dilution by spending only necessary overhead and foregoing additional feasibility related work or exploring those parts of the property with untested potential. This "gold vault strategy" is designed to maximize the upside when a major gold bull market based on a rising and sticky real gold price emerges and unleashes a scramble among mid-tier producers to expand their mining portfolio. Hasbrouck consists of three low sulphidation epithermal gold systems: Hasbrouck with a proven and probable reserve of 34,370,000 tons of 0.017 opt gold and 0.306 opt silver, Three Hills with a probable reserve of 9,653,000 tons of 0.018 opt gold, and Hill of Gold which has no resource. The reserves are based on oxidized mineralization. Hasbrouck was discovered in 1902 and underwent small scale mining until 1924. Hasbrouck and Three Hills underwent modern exploration from 1974 onward by various groups until 2002 when Newmont merged with Euro-Nevada. Newmont sold the project to Vista Gold in May 2003 which did no work and spun it out to Allied Nevada Gold Corp in 2007. Allied did some work in 2010-2012 and sold Hasbrouck to West Kirkland Mining in April 2014 which advanced the project through to a PFS in 2016 that included securing key permits from the BLM. The enduring bear market in gold took its toll and West Kirkland rolled back 10:1 on July 2, 2020, renaming itself West Vault Mining Inc to reflect a strategy of holding the project as a long term leveraged proxy for gold whose exit would be the acquisition by a producer. West Vault updated the PFS in January 2023 to adjust for recent cost inflation. Since 2014 West Vault has invested about CAD $48 million in Hasbrouck. The recent PFS outlines a two stage development plan, investing USD $66.2 million to mine Three Hills at 15,000 tpd over 2 years, and investing another $117 million in the second year to develop Hasbrouck for 17,500 tpd mining over the subsequent 6 years for an 8 year mine life. Initial, growth and sustaining CapEx total $222 million. OpEx would be USD $10.36 per ton including $4.02 mining per ton ore and $4.67 processing per ton. The operation would involve open pit mining with a 1.1:1 strip rate and cyanide heap leaching with life of mine recoveries of 74.6% for gold and 18.3% for silver. The combined reserve of 44,023,000 tons at 0.017 opt gold (0.58 g per tonne) and 0.239 opt silver would yield 561,000 oz gold and 1,918,000 oz silver. At the base case prices of $1,790/oz gold and $22.50/oz silver the PFS yields an after tax IRR of 51% and NPV of USD $206.2 million at 5% and $149 million at 10% discount rates. At 60.2 million shares fully diluted and a USD:CAD exchange rate of 0.74 this translates into CAD $4.63 per share and $3.34 per share. Under the rational speculation model which assigns a 50% to 75% certainty for the projected outcome the fair speculative value range is $1.67-$2.51 using a 10% discount rate and $2.32-$3.47 using a 5% discount rate. In other words, the stock should be trading in a range of $1.67-$3.47 depending on the market bias from conservative pessimism to aggressive optimism. The stock price at $1.02 thus represents Good Speculative Value offering price appreciation potential of 66% to 242% to position it within the Fair Speculative Value range.
Corporate Change History


#Old for NewLast PricePrior NameSubsequent NameDetails
Jun 8, 2010Name Change1:1$0.90Anthem Ventures Capital Corp (WKM-V)West Kirkland Mining Inc (WKM-V)
Jul 2, 2020Name Change10:1$0.13West Kirkland Mining Inc (WKM-V)West Vault Mining Inc (WVM-V)
Recommendation History
Edition Date Price
Recommendation Gain
SVF2023 4/13/2023 $1.02 Good Spec Value Favorite 0%
SVF2023 12/29/2023 $0.95 SV Technical Closeout 100% -7%
SVF2024 12/29/2023 $0.95 Good Spec Value Favorite 0%
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
Oct 12, 2007 Anthem Ventures Capital Corp IPO 1,000,000 $0.200

$200,000 Raymond James Ltd.
May 28, 2010 Anthem Ventures Capital Corp PP 12,000,000 $0.500

$6,000,000
Jun 15, 2010 West Kirkland Mining Inc PP 100,000 $0.750
Units $75,000
Nov 16, 2010 West Kirkland Mining Inc PP 2,156,233 $1.200 FT
$2,587,480
Dec 9, 2011 West Kirkland Mining Inc PP 5,232,500 $1.100
Units $5,755,750
Dec 9, 2011 West Kirkland Mining Inc PP 1,575,000 $1.270 FT
$2,000,250
Jul 23, 2012 West Kirkland Mining Inc PP 4,828,603 $0.350
Units $1,690,011
Feb 25, 2013 West Kirkland Mining Inc PP 22,400,000 $0.250
Units $5,600,000
Jan 31, 2014 West Kirkland Mining Inc PP 11,900,000 $0.100

$1,190,000
Apr 21, 2014 West Kirkland Mining Inc SOM 162,615,167 $0.150
Units $24,392,275 Cormark Securities Inc.
Apr 21, 2014 West Kirkland Mining Inc PP 32,292,666 $0.150
Units $4,843,900
May 12, 2014 West Kirkland Mining Inc PP 22,700,000 $0.150
Units $3,405,000
Dec 31, 2015 West Kirkland Mining Inc PP 14,000,000 $0.050

$700,000
Aug 17, 2017 West Kirkland Mining Inc PP 19,300,000 $0.075

$1,447,500
Mar 21, 2018 West Kirkland Mining Inc PP 22,900,000 $0.060

$1,374,000
Dec 13, 2018 West Kirkland Mining Inc PP 40,000,000 $0.050

$2,000,000
Feb 6, 2020 West Kirkland Mining Inc PP 16,673,334 $0.060

$1,000,400
Aug 20, 2020 West Vault Mining Inc PP 5,520,000 $1.150

$6,348,000
Aug 20, 2020 West Vault Mining Inc PP 8,855,000 $1.150

$10,183,250
Capital
Financials Dated: March 31, 2024 Reporting Period: 3 months Year End: 12/31 Currency: CAD
Assets Liabilities Income
Cash Equivalents: $1,011,965 Current Liabilities: $198,108 Operating Revenues: $0
Receivables etc: $3,508,994 Tangible LT Debt: $11,355,099 Operating Cash Costs: $0
Current Assets: $4,520,959 Intangible LT Debt: $0 Operating Cash Flow: $0
Long Term Assets:$48,261,007Total Liabilities:$11,553,207Operating Non-Cash Costs:$0




Miscellaneous Revenue:$0
Total Assets: $52,781,966 Share Capital: $74,732,217 Cash Expenses: $463,623


Shareholder Deficit: ($33,503,458) Non-Cash Expenses: $211,110
Working Capital: $4,322,851 Net Shareholder Equity: $41,228,759 Total Expenses: $674,733




Overall Cash Flow:($463,623)
Monthly Overhead:$154,541

Net Income (Loss):($674,733)

Note:
Capital History
Date PeriodCash EqCurrent
Assets
Total
Assets
Current
Liabilities
Total
Liabiltiies
Share
Capital
GAINCash
Expenses
DilutedWorking
Capital
9/30/2010 9 $5,673,595 $5,770,650 $6,737,399 $101,857 $101,857 $7,127,249
$593,341 0 $5,668,793
6/30/2011 6 $4,159,658 $4,481,017 $10,017,181 $715,840 $715,840 $11,093,229
$742,185 28,097,050 $3,765,177
9/30/2011 9 $1,310,713 $1,671,000 $9,911,595 $924,764 $924,764 $11,110,427
$1,331,157 27,309,633 $746,236
12/31/2011 12 $4,655,863 $5,163,521 $14,246,196 $1,356,037 $1,356,037 $17,434,692
$1,996,102 37,875,983 $3,807,484
3/31/2012 3 $1,587,103 $2,214,283 $11,608,885 $991,892 $991,892 $17,434,692
$507,983 37,875,983 $1,222,391
6/30/2012 6 $617,332 $767,407 $11,316,515 $1,141,769 $1,141,769 $17,434,692
$1,025,040 37,875,983 ($374,362)
9/30/2012 9 $502,834 $622,322 $11,679,373 $728,883 $728,883 $18,847,882
$1,485,329 44,858,887 ($106,561)
12/31/2012 12 $174,184 $352,161 $11,645,078 $1,439,109 $1,520,081 $18,953,510 9% $1,882,950 41,902,637 ($1,086,948)
3/31/2013 3 $2,579,438 $2,926,443 $15,396,459 $626,477 $709,767 $22,555,770
$581,307 87,202,637 $2,299,966
6/30/2013 6 $1,244,501 $1,505,300 $15,077,396 $353,119 $439,978 $22,557,448
$966,805 87,087,637 $1,152,181
9/30/2013 9 $871,597 $908,469 $11,316,196 $356,723 $441,807 $22,557,448
$1,344,655 87,087,637 $551,746
12/31/2013 12 $565,397 $592,686 $9,004,084 $443,948 $513,695 $22,529,977 19% $1,682,049 88,007,637 $148,738
3/31/2014 3 $562,215 $593,950 $10,198,367 $943,967 $1,016,461 $23,348,559
$48,751 75,093,336 ($350,017)
6/30/2014 6 $8,192,534 $8,264,877 $39,046,967 $476,608 $656,578 $39,774,741
$937,872 524,375,002 $7,788,269
9/30/2014 9 $6,245,865 $6,383,241 $36,838,994 $534,650 $718,096 $39,771,291
$1,399,854 524,475,002 $5,848,591
12/31/2014 12 $4,391,908 $4,524,383 $35,906,974 $674,544 $750,235 $49,517,633 120% $1,691,411 524,475,002 $3,849,839
3/31/2015 3 $2,944,661 $3,079 $38,115,489 $314,012 $396,652 $49,517,633
$298,406 524,455,002 ($310,933)
6/30/2015 6 $1,756,750 $1,888,138 $37,233,061 $347,995 $429,486 $49,517,633
$741,862 302,549,169 $1,540,143
9/30/2015 9 $649,924 $753,164 $39,242,864 $152,769 $239,839 $49,517,633
$971,116 523,490,002 $600,395
12/31/2015 12 $1,155,385 $1,229,257 $41,305,023 $301,016 $368,051 $50,187,973 1% $1,140,978 7,590,000 $928,241
3/31/2016 3 $631,979 $667,740 $38,529,799 $213,510 $276,414 $50,187,973
$209,372 314,984,169 $454,230
6/30/2016 6 $329,202 $345,798 $38,174,880 $264,778 $327,343 $50,187,973
$424,856 539,725,002 $81,020
9/30/2016 9 $5,599 $39,843 $38,837,527 $604,687 $668,221 $50,187,973
$687,180 318,784,169 ($564,844)
12/31/2016 12 $1,021,407 $1,076,511 $41,066,395 $462,222 $527,778 $51,805,935 3% $842,993 335,234,169 $614,289
3/31/2017 3 $294,886 $629,693 $40,884,357 $468,658 $520,290 $51,936,865
$241,515 340,288,947 $161,035
6/30/2017 6 $114,754 $334,710 $40,070,593 $544,810 $634,219 $51,936,865
$152,366 339,888,947 ($210,100)
9/30/2017 9 $780,103 $959,326 $39,591,662 $358,975 $444,867 $53,365,978
$677,462 359,188,947 $600,351
12/31/2017 12 $228,492 $358,213 $39,567,013 $179,837 $247,122 $53,365,978 3% $786,613 277,337,672 $178,376
3/31/2018 3 $1,049,798 $1,187,189 $41,943,147 $184,946 $254,103 $54,717,267
$110,778 381,768,393 $1,002,243
6/30/2018 6 $461,871 $581,905 $42,647,251 $108,552 $179,179 $54,684,084
$283,837 388,893,393 $473,353
9/30/2018 9 $30,475 $196,217 $42,039,960 $263,179 $332,609 $54,684,084
$395,954 388,893,393 ($66,962)
12/31/2018 12 $1,505,400 $1,562,152 $46,009,212 $177,341 $248,589 $56,616,352 6% $544,714 428,018,393 $1,384,811
3/31/2019 3 $1,150,505 $1,254,811 $45,018,671 $158,395 $228,186 $56,616,352
$120,831 427,818,393 $1,096,416
6/30/2019 6 $780,027 $889,730 $44,145,317 $213,819 $282,168 $56,629,650
$238,910 422,647,975 $675,911
9/30/2019 9 $285,504 $438,261 $43,658,582 $224,232 $293,396 $56,629,650
$363,650 422,647,975 $214,029
12/31/2019 12 $51,642 $120,767 $42,719,571 $217,794 $289,647 $56,629,650 0% $1,506,531 422,647,975 ($97,027)
3/31/2020 3 $729,404 $814,947 $47,539,419 $189,318 $267,805 $57,795,007
$103,563 439,321,309 $625,629
6/30/2020 6 $319,117 $406,794 $45,508,734 $110,794 $186,188 $57,595,007
$275,031 43,932,130 $296,000
9/30/2020 9 $2,627,927 $2,700,650 $47,421,532 $200,522 $274,317 $74,675,160
$537,434 60,867,130 $2,500,128
12/31/2020 12 $2,139,956 $2,208,274 $45,024,046 $457,388 $527,825 $74,559,615 32% $806,222 60,867,130 $1,750,886
3/31/2021 3 $8,573,033 $8,643,971 $51,445,880 $391,226 $8,071,875 $74,560,895
$590,063 61,198,330 $8,252,745
6/30/2021 6 $7,844,745 $7,896,343 $50,295,362 $185,932 $7,954,533 $74,729,995
$1,111,141 60,958,330 $7,710,411
9/30/2021 9 $7,396,081 $7,466,769 $51,312,839 $153,343 $8,337,031 $74,729,995
$1,612,066 60,958,330 $7,313,426
12/31/2021 12 $7,145,088 $7,220,474 $50,923,709 $185,465 $8,549,360 $74,729,995 0% $2,043,305 60,627,742 $7,035,009
3/31/2022 3 $6,867,244 $6,922,676 $50,071,025 $187,046 $8,658,209 $74,729,995
$345,904 60,613,330 $6,735,630
6/30/2022 6 $6,718,974 $6,761,693 $51,398,196 $194,959 $9,141,636 $74,890,353
$861,575 60,275,337 $6,566,734
9/30/2022 9 $6,653,734 $6,726,819 $54,466,111 $254,476 $9,991,466 $74,862,204
$1,299,502 59,750,337 $6,472,343
12/31/2022 12 $6,326,323 $6,408,286 $53,847,249 $423,773 $10,339,154 $74,848,625 0% $1,767,833 59,750,337 $5,984,513
3/31/2023 3 $5,703,816 $5,805,033 $53,488,211 $205,960 $10,384,636 $74,888,441
$392,623 60,134,670 $5,599,073
6/30/2023 6 $5,191,796 $5,228,372 $52,046,042 $198,917 $10,424,656 $74,873,615
$925,607 59,895,492 $5,029,455
9/30/2023 9 $4,789,108 $4,866,113 $52,895,241 $193,273 $10,922,216 $74,700,417
$1,361,854 59,535,492 $4,672,840
12/31/2023 12 $547,091 $4,675,815 $51,868,051 $257,344 $11,045,190 $74,700,417 0% $1,841,109 59,535,492 $4,418,471
Structure & People
Directors, Officers and Employees: 239,677 0.4% AGM: June 23, 2022
Other Insiders: 36,491,540 63.0% People Tree Available
Past Reported Shareholders: 120,797,271 N/A
Related Party Occupation Related
Since
Insider Director Officer Capacity Ownership %
Pierre B. Lebel Lawyer 5/28/2010

24,300 0.0%
Priscila C. Lima
6/23/2022

0 0.0%
Peter F. Palmedo Fund Manager 4/29/2019 Chairman 0 0.0%
Stephen P. Quin Geologist 6/23/2022

0 0.0%
Michael G. Allen Geologist 6/1/2010

VP Exploration 0 0.0%
Frank R. Hallam Accountant 5/28/2010
CFO 215,377 0.4%
Sandy McVey Engineer 9/2/2021
CEO 0 0.0%
Ruffer LLP Institution 6/23/2017


9,668,800 16.7%
Sun Valley Gold LLC Institution 4/23/2014


26,822,740 46.3%
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
Baker Steel Capital Managers LLP Institution 8/14/2014 6/25/2020

Insider 29,965,000
John S. Brock Geologist 9/24/2010 6/22/2017 6/22/2017
Director 200,000
Eric H. Carlson Accountant 4/3/2007 8/14/2014 8/14/2014
Director 1,848,000
Carol Ellis Broker 11/16/2010


Placee 10,000
Gerald Fabbro Broker 11/16/2010


Placee 20,150
Kevin Falcon
6/14/2013 6/23/2022 6/23/2022
Director 24,533
Fronteer Gold Inc
12/24/2010


Placee 800,000
Oliver Gilbert Broker 11/16/2010


Placee 40,300
Karim Jandali Broker 11/16/2010


Placee 20,200
R. Michael Jones Engineer 5/28/2020 9/2/2021 9/2/2021
CEO & President 282,191
Benjamin Kendall Broker 11/16/2010


Placee 20,150
Liberty Metals & Mining Holdings LLC Institution 4/22/2014 6/25/2020

Placee 42,000,000
Eric Mennell Broker 11/16/2010


Placee 20,150
Newmont Canada Ltd Public Company 7/20/2012


Insider 5,244,731
Franco Papalia Broker 11/16/2010


Placee 20,200
RBC Global Precious Metals Fund
5/28/2010


Placee 1,800,000
Sprott Asset Management Inc Institution 8/14/2014


Insider 38,481,666
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:December 29, 2023Start Price:$0.95
KRO Favorites 2024: Features companies designated 2024 KRO Favorites, based on closing price December 29, 2023 or when added during 2024..
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
Hasbrouck United States - Nevada - Esmeralda County 100% WI 7-Permitting & Feasibility $59 $79 - $118 Gold SilverLow Sulphidation Epithermal
Project StageFlagshipSecondaryActive
Grassroots (1) & Target Testing (2)
Discovery Delineation (3)
Infill Drilling & Metallurgy (4)
PEA (5) or PFS (6)
Feasibility & Permitting (7)
Construction (8) or Production (9)
Clicking on the project icon will display a popup identifying the company project, its stage and target metals, basic facts, a chart, a link to that project within that company's KRO Profile, a link to the most recent news release, and a link to the most recent KRO comment if one exists.
Company Projects

Hasbrouck Project
Featured in Share Collective
HasbrouckUnited StatesNVEsmeralda County0 ha
Net Interest: 100% WI
Vested: Yes
Uncapped NSR/GOR: 4.00%
Ownership Terms: January 2014 agreement for West Kirkland Mining to purchase up to 100% of the Hasbrouck and Three Hills properties, subject to Allied Nevada's option to decline the final payment and retain a 25% interest in the property, for a total purchase price of $30-million (U.S.). West Kirkland paid Allied Nevada a non-refundable $500,000 (U.S.) upon signing of the agreement and agreed to pay an additional $19.5-million (U.S.) upon closing, expected to be no later than April 24, 2014. The final $10-million (U.S.) is to be paid to Allied Nevada within 30 months after the closing date, subject to Allied Nevada's option to retain an interest in the property. In the event WKM does not meet its final $10-million (U.S.) commitment to Allied Nevada, or if Allied Nevada takes the option to decline the final payment and retain and interest in the property, the property will be placed into a joint venture with WKM holding a 75-per-cent interest and Allied Nevada retaining a 25-per-cent interest. On Aug 13, 2020 WVM acquired the remaining 25% for USD $10 million and 1,000,000 shares at CAD $1.30.
Target Metals: Gold SilverModel: Low Sulphidation EpithermalStage: 7-Permitting & Feasibility
See Reliable Project Location Google Map in free Corporate Profile
Milestone Timeline
ProgramStartEndMilestone
Delineation2014 Q4 Late October2014 Q4 Late October1,400-metre RC exploration drill program begins, designed to follow up on the successes of the first phase of drilling announced Sept. 9, 2014.
Economic Study - PFS2014 Q2 Early June2015 Q1PFS begins June 2014, with completion expected during Q1, 2015
Base Case Resource Estimates
Project Resource Estimate - Hasbrouck / Three Hills
Feb 24, 2014NI 43-101Scott WilsonCutoff: 0.005 oz t/Au eq
Resource CategoryTonnageTotal
Rock Value
MetalGradeRecoveryContained Metal% of GMV
Measured Resource14,312,579$48/tGold0.51 g/t100.0%236,657 oz81%
Silver9.81 g/t100.0%4,512,266 oz19%
Indicated Resources56,621,640$38/tGold0.41 g/t100.0%748,987 oz81%
Silver7.51 g/t100.0%13,669,017 oz19%
Inferred Mineral Resources63,432,747$26/tGold0.27 g/t100.0%559,389 oz80%
Silver5.45 g/t100.0%11,117,865 oz20%
All Categories Spot134,366,966$33/tGold0.36 g/t
1,545,034 oz81%
Silver6.78 g/t
29,299,148 oz19%
Spot Gross Metal ValueMarket Cap as % of Net GMVSpot Prices Used
$4,454,944,2321.3%Gold $2,326.25/oz, Silver $29.38/oz
Company Related KRO Comments
May 31, 2024Kaiser Watch - 0:00:00
May 31, 2024KW Excerpt: Kaiser Watch May 31, 2024: West Vault Mining Inc (WVM-V)
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Apr 13, 2023Tracker: Speculative Value Rating for West Vault Mining Inc

Company News Releases - Members Only
May 7, 2024Normal Course Issuer Bid
May 6, 2024Normal Course Issuer Bid
Oct 12, 2023Granted 1% Royalty on Prospective Property Adjacent to Hasbrouck, Nevada
Jul 6, 2023Hosts Analysts, Investors, Journalists at Hasbrouck Gold Project, Nevada
Jun 23, 2023Positive Results of Annual Meeting of Shareholders
Apr 26, 2023Coverage Initiation on Hasbrouck Gold Project by Kaiser Research
Apr 9, 2023Renewal of Normal Course Issuer Bid
Apr 4, 2023Normal Course Issuer Bid
Apr 4, 2023Normal Course Issuer Bid
Mar 8, 2023Mining Files on Sedar a Hasbrouck Gold Project Pre Feasibility Study - - - -
Feb 21, 2023Provides an Update on Its ESG Initiative in Nevada the Arid Land Research Fund
Jan 23, 202351% IRR Pre Feasibility Study Update for Hasbrouck Gold Project
Jan 18, 2023Acquires a Second Water Right for the Construction Ready Hasbrouck Gold Project, Nevada
Oct 5, 2022Reaffirms Its Commitment to a Low Risk, High Return Gold Strategy
Jul 12, 2022Confirms CEO Appointment
Jun 24, 2022Positive Results of Annual Meeting of Shareholders
Jun 8, 2022Initiates the Arid Land Research Fund
Apr 5, 2022Normal Course Issuer Bid
Feb 14, 2022Mining at Hasbrouck Gold Project
Dec 2, 2021Receives Federal Permit to Mine Hill of Gold Satellite Deposit
Sep 29, 2021Provides an Update on the Hasbrouck Gold Project, Nevada
Sep 2, 2021Resignation of President and CEO and Appointment of Interim CEO
Jun 28, 2021Positive Results of Annual Meeting of Shareholders
Mar 3, 2021Property Asset or Share Purchase Agreement
Mar 1, 2021Closes Gold and Silver Stream Transaction with Sprott
Feb 22, 2021Enters US $7.3 Million Gold and Silver Stream Agreement with Sprott
Feb 2, 2021Acquires 100% Ownership Interest in the Hill of Gold Property and Extinguishes 2% NSR Royalty
Dec 23, 2020Graduates to OTCQX (R) Market in the United States
Nov 5, 2020Obtains Federal Permit to Construct and Operate Hasbrouck Mine
Aug 21, 2020Grants Incentive Stock Options
Aug 20, 2020Private Placement ' Brokered
Aug 20, 2020Private Placement ' Non Brokered
Aug 14, 2020Completes Purchase of 25% Stake of Hasbrouck Gold Project from Waterton
Aug 13, 2020Vault Closes $10.18 Million Non Brokered Private Placement
Aug 4, 2020Hasbrouck Gold Project Permitting Update
Aug 4, 2020Property Asset or Share Purchase Agreement
Jul 22, 2020Consolidates 100% of Hasbrouck Gold Project by Purchase of 25% Stake from Waterton
Jul 22, 2020Private Placement Financings to Raise up to $15.7 Million to Consolidate Hasbrouck Gold Project
Jun 29, 2020Name Change and Consolidation
Jun 29, 2020Name Change and Consolidation
Jun 29, 2020Approval of Name Change and Share Consolidation
May 21, 2020Symbol Change
May 5, 2020Unaware of Material Change
Mar 5, 2020Obtains Positive Decision from BLM on Permitting Process for Hasbrouck Mine
Aug 12, 2019Revised Strategic Plan
Jun 19, 2019Results of Annual General Meeting and Appointment of New Chairman
Jan 23, 2019Approval of Inter Basin Water Transfer and BLM Acceptance of a Plan of Operations at the Hasbrouck Gold Project, Nevada
Dec 13, 2018Private Placement Non Brokered
Oct 16, 2018MJ Zone 80 feet (24 m) Grading 2.69 Grams Gold per Tonne At Surface Hasbrouck Project, Tonopah, Nevada
Oct 4, 2018Identifies New Surface MJ Gold Target across Property Boundaries Hasbrouck Project, Tonopah, Nevada
Aug 2, 2018Reports on Metallurgy of High Grade Surface Gold at Gold Mountain Target Hasbrouck Gold Project, Tonopah, Nevada
Jul 26, 2018Multiple New High Grade Gold Sections On Surface At Gold Mountain Target Hasbrouck Project, Tonopah, Nevada
Jun 7, 2018Reports Multiple New High Grade Gold Sections On Surface At Gold Mountain Target Hasbrouck Project, Tonopah, Nevada
May 22, 201843m of 3.40 grams per tonne at surface Near Hasbrouck Project, Tonopah, Nevada
Apr 16, 2018Exploration Program Underway at Hasbrouck Project, Tonopah, Nevada
Apr 5, 2018New Target Outlined with Surface Gold Values Near Hasbrouck Project, Tonopah, Nevada
Mar 21, 2018Private Placement Non Brokered
Mar 13, 2018Non Brokered Private Placement for $1,374,000
Mar 5, 2018Property Asset or Share Purchase Agreement
Feb 21, 2018Exploration at Hasbrouck Gold Project and Gold Mountain, Tonopah, Nevada
Jan 29, 2018Identifies New Target at Gold Mountain Using Hasbrouck Deposit Model, Tonopah, Nevada
Jan 10, 2018Surface Gold And Silver Values On Newly Acquired Mineral Rights, Tonopah, Nevada
Dec 18, 2017Leases Mining Patents And Mineral Claims From Tonopah Divide Mining Company
Sep 6, 2017Corporate Update
Aug 18, 2017Liberty Metals Disposes Of Shares Of West Kirkland Mining
Aug 17, 2017Private Placement Non Brokered
Aug 16, 2017Closing Of Non brokered Private Placement For $1,447,500
Aug 8, 2017Update; Tonopah Sale Complete
Aug 3, 2017A Non brokered Private Placement For $1,447,500
Jun 26, 2017Resignation Of Director
May 9, 2017Buys 1.1% Nsr Royalty At Hasbrouck In Exchange For Tug Project Interests
May 1, 2017LLC Agreement Signed With Waterton; Hasbrouck Gold 762,000 Ounce Reserve Nevada Gold Project Advancing
Mar 20, 2017Piggyback Qualified
Mar 16, 2017New Gold Intercepts At Three Hills And Hill Of Gold
Mar 1, 2017Begins Trading On OTCQB Under Ticker Symbol WKLDF
Feb 24, 2017Property Asset or Share Purchase Agreement
Feb 21, 2017Enters Agreement For Lease Of Water Rights Hasbrouck Open Pit Heap Leach Gold Project, Nevada
Jan 23, 2017Retains Alpha Advisory For Investor Relations Services
Jan 12, 2017To Complete Surface Purchase For Three Hills Mine Heap Leach And Expansion Drilling Underway At Three Hills
Jan 5, 2017Grant Of Incentive Stock Options
Jan 4, 2017Provides Nevada Update
Nov 29, 2016Leases Hill Of Gold Property Between Existing Open Pits At Hasbrouck Project, Tonopah, Nevada
Oct 28, 2016Closing Of Non brokered Private Placement For $1,650,000
Oct 24, 2016Non brokered Private Placement For $1,650,000
Sep 15, 2016Files Hasbrouck Project Technical Report And Updated Pre feasibilty Study
Sep 1, 2016Positive Hasbrouck Updated Pre feasibility
Apr 12, 2016Update and Grant of Incentive Stock Options
Feb 29, 2016Update On The Hasbrouck Gold Project
Dec 31, 2015Private Placement Non Brokered
Dec 31, 2015Closes A Non Brokered Private Placement For $700,000
Nov 27, 2015Obtains Federal Permit To Construct And Operate Three Hills Mine
Jul 17, 2015Updates Prefeasibility Optimizing For Reduced Total Funding;
Jun 23, 2015Update On Hasbrouck Project
Jun 16, 2015Sun Valley Gold Llc: Acquisition Of Control And Direction Over Common Shares Of West Kirkland Mining Inc.
Jun 3, 2015Resume Trading
Jun 3, 2015Halt
Jun 3, 2015Hasbrouck Prefeasibility Results Us$75.3 Million After tax Npv,
May 15, 2015Removed from BCSC Delinquent Filer List - 2015/05/13 OT Filings
May 15, 2015BCSC Delinquent Filer 2 Days; Resourse Disclosure
May 8, 2015Three Hills Mine To Be Permitted Under Environmental Assessment
Mar 9, 2015Project Update Highlights Increased Gold Recovery For Hasbrouck Deposit
Feb 24, 2015Sun Valley Gold LLC: Adjustment of Ownership Mix In West Kirkland Mining Inc.
Jan 27, 2015Intercepts 16.8 Meters Of 1.24 Grams Per Tonne Gold At Three Hills
Dec 3, 2014Achieves 81% Gold Recovery On Run of mine Bulk Sample Column Heap Leach Test
Nov 25, 2014Submits Mine Plan Of Operations For Three Hills Mine Seven Months After Acquistion Of Hasbrouck Project
Nov 17, 2014Cuts 39.6 Meters Of 1.36 Grams Per Tonne Gold East Of Current Resource At Three Hills
Oct 22, 2014Continues Exploration Drilling At Hasbrouck Project After Initial Results Show Potential For Resource Expansion
Sep 29, 2014Eastfield Resources Enters Lease/Purchase Agreement with West Kirkland Mining Ltd.
Sep 9, 2014Cuts 50.29 Meters Of 0.73 Grams Per Tonne Gold At Three Hills, Discovers Additional Near Surface Gold On Hasbrouck
Jun 25, 2014Grant Of Incentive Stock Options
Jun 19, 2014Control And Direction Over Common Shares Of West Kirkland Mining Inc.
Jun 12, 2014Fast tracks Bulk Sample To Confirm Run of mine Recovery
Jun 3, 2014Commences Exploration And Prefeasibility Study For Hasbrouck Project, Nevada
May 12, 2014Prospectus Share Offering, Private Placement Non Brokered, New Listing Warrants, Amendment
May 8, 2014Closes Additional Over allotment Option
May 2, 2014Closes $3.4 Million In Second Tranche Of Non brokered Financing
Apr 23, 2014Property Asset or Share Purchase Agreement
Apr 23, 2014West Kirkland Completes Acquisition Of Hasbrouck And Three Hills Properties From Allied Nevada
Apr 23, 2014Sun Valley Gold Llc: Control And Direction Over Units Of West Kirkland Mining Inc.
Apr 23, 2014Liberty Metals & Mining Holdings, LLC Acquires Shares Of West Kirkland Mining Inc.
Apr 21, 2014Prospectus Share Offering, Private Placement Non Brokered, New Listing Warrants
Apr 17, 2014Closes $29.2 Million In First Tranche Of Financings
Apr 9, 2014Proceeds With Previously Announced Offering Of Units As Combined Prospectus Offering And Private Placement
Mar 11, 2014$30.0 Million Best Efforts Offering Of Units
Feb 24, 2014Increased And Upgraded Resources At Hasbrouck And Three Hills Properties, Nevada
Jan 31, 2014Closes Non Brokered Private Placement
Jan 31, 2014Private Placement Non Brokered
Jan 29, 2014Closes First Tranche Of Non brokered Private Placement
Jan 27, 2014West Kirkland Signs Letter Agreement With Allied Nevada To Acquire Hasbrouck And Three Hills Properties In Nevada, Announces Related Financings
Nov 4, 2013Property Asset or Share Purchase Amending Agreement
Oct 28, 2013West Kirkland Extends Agreement With Rubicon Minerals
Sep 30, 2013Files TUG Resource And Preliminary Economic Assessment On SEDAR


 

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