◆ Lode Gold (“LOD”, or “Company”) is a gold development and exploration
company focused on its flagship Fremont asset in California, USA, a former
producing gold mine with a recently updated mineral resource estimate.
Additionally, the firm will spin out its non-Californian assets into a new
company called Orogen Gold.
◆ Fremont's future promise: The recent MRE outlined a global resource
of 8.53 million tons averaging 3.96 g/t gold with over 1 million ounces
of contained gold. LOD is pursuing a clever strategy to develop only an
underground mine without any heap leaching, which should speed up the
permitting and development process
◆ Potential for near-term production: The firm plans to start a pilot plant by
2027/2028 as part of the development process, which would bring forward
cash flow (US$35-53 million with 10-15koz Au annually) and support the
development budget.
