Radisson Mining (TSXV:RDS) - Reviving High-Grade Gold in Quebec with Smart, Low-Capex Strategy

Interview with Matt Manson, President & CEO of Radisson Mining Resources Inc.

Recording date: 11th September 2024

Radisson Mining Resources presents an compelling investment opportunity in the gold sector, focusing on the revival of the historic O'Brien gold mine in Quebec's prolific Abitibi region. Under new leadership and with a pragmatic development strategy, Radisson is positioning itself to potentially become Quebec's next gold producer while minimizing capital expenditure and risk.

The O'Brien project boasts a current indicated resource of 1 million ounces at an impressive grade of 10 g/t gold, with management believing there's potential to grow this to 2-3 million ounces. This high-grade resource, combined with the project's strategic location and excellent infrastructure, sets a strong foundation for development.

Key investment highlights underscore Radisson's potential. The O'Brien project's high-grade resource, with 10 g/t gold, positions it among the top undeveloped gold projects globally, hinting at robust economics. Exploration upside is significant, with an ongoing 35,000-meter drill program aimed at expanding the resource. Results are expected throughout 2024, with a resource update anticipated by mid-2025. The project's strategic location on Highway 117 in the Abitibi region provides excellent infrastructure and proximity to operating mills. Radisson's low-capex development strategy, exemplified by the recent MOU with IAMGold to potentially use their nearby Doyon mill, could significantly reduce initial capital requirements and accelerate production timeline. The company's experienced leadership, including CEO Matthew Manson, brings a wealth of successful mine development expertise. By potentially outsourcing milling and tailings management, Radisson can focus on optimizing crucial underground mining operations. Lastly, strong local support is evident, with about 35% of shares held by high net worth regional stakeholders, providing a stable shareholder base and underlining community backing.

CEO Matthew Manson summarizes the opportunity: "There's a neat little thing to be done here right which is going to make money and go for a long time and satisfy a lot of aspirations." This encapsulates Radisson's pragmatic approach to developing a high-grade gold asset in a premier jurisdiction.

While detailed economic studies are pending, back-of-the-envelope calculations suggest potential for a high-margin operation. The company's strategy of keeping capital expenditures low by leveraging existing infrastructure aims to maximize potential returns to shareholders.

Key near-term catalysts include ongoing drill results, a potential resource update in 2025, and progress on the MOU with IAMGold. The completion of a preliminary economic assessment would provide investors with a clearer picture of the project's economic potential.

As with any mining development project, risks remain. These include geological uncertainties, execution risks, gold price volatility, and potential regulatory or financing challenges. However, Radisson's approach appears well-suited to navigate these challenges.

For investors seeking exposure to advanced-stage gold exploration with near-term production potential in a stable jurisdiction, Radisson Mining Resources offers an intriguing opportunity. The combination of high grades, strategic location, experienced management, and a capital-efficient development strategy positions the company well for potential value creation in the coming years.

View Radisson Mining Resources' company profile: https://www.cruxinvestor.com/companies/radisson-resources

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