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Regulus Resources

Regulus Resources Inc. is a Canadian mineral exploration company led by an experienced management team that had previous success with Antares Minerals, de-risking and adding value to the Haquira project and monetizing the company with the sale to First Quantum Minerals for $650 million in 2010.

Regulus Resources Inc. is a Canadian mineral exploration company led by an experienced management team that had previous success with Antares Minerals, de-risking and adding value to the Haquira project and monetizing the company with the sale to First Quantum Minerals for $650 million in 2010.

Following the same strategy, Regulus’ management team identified the AntaKori project in northern Peru to have even greater potential to be a large economically viable copper-gold deposit; one of few in the hands of juniors globally.

Located 45km from South America’s largest gold mine, Yanacocha, and on the same geological belt as large copper and gold deposits, such as Michiquillay, Antamina and La Granja, AntaKori is in a geologically well-endowed region of the Andes. On a district level, AntaKori is adjacent to the Coimolache Tantahuatay gold mine and 6km from Gold Field’s Cerro Corona copper-gold mine. Both mines will need to replenish resources in the coming years to avoid closure, which creates an exciting future for the role of the AntaKori deposit in the district.

Following an initial 23,000 m drill program, Regulus published its interim resource at AntaKori in March 2019 with indicated mineral resources of 250 million tonnes with a grade of 0.48 % Cu, 0.29 g/t Au and 7.5 g/t Ag and inferred mineral resources of 267 million tonnes with a grade of 0.41 % Cu, 0.26 g/t Au, and 7.8 g/t Ag. The interim resource has high grade at surface and a low strip ratio which will likely translate to very favourable project economics.

Management have a proven track record in Peru:

  • Previous success in Peru with the Haquira East discovery in Antares Minerals, which sold to First Quantum in 2010 for C$650 million
  • Built a loyal shareholder base off previous success, including the team behind Regulus’ principal shareholder, Route One Investment Corporation

Management’s interests are fully aligned with shareholders:

  • Management and Directors own 13% of the Company
  • Management has invested over C$2.6 million in Regulus shares since January 2018

The AntaKori project has a premier location:

  • In well-endowed region of the Andes; near to large copper-gold deposits, including the
    largest gold producer in South America, Yanacocha
  • Surrounded by excellent infrastructure in the region from existing mining operations
    including ports, power and water
  • Neighbouring two operating mines that will require more ore soon to avoid closure in the coming years

The AntaKori project has a significant interim resource (8 B lbs CuEq and 4.5 M oz Au) with high grade at surface and a low strip ratio which indicate favourable economics. The next milestone will be drill results from testing the "blue-sky" targets to the north which have the potential to significantly increase the size of the resource.

Contact Information

Phone:
(604) 685-6800
Physical Address:
Suite 2300, 1177 West Hastings Street
Vancouver, BC, Canada, V6E 2K3

 

MANAGEMENT TEAM

John E. Black, B.Sc., M.Sc.

John E. Black, B.Sc., M.Sc.

Chief Executive Officer & Director

John Black is an economic geologist with more than 30 years of exploration experience in the Americas, Central Asia, the SW Pacific, and Eastern Europe/Western Asia. He first worked in South America in 1993 and has been actively involved in mineral exploration throughout the continent for several companies since that time. His professional credentials include a B.Sc. degree in Geology from Stanford University in 1983 and an M.S. degree in Geology – Ore Deposits Exploration from the same University in 1988. John was the founding President of Antares Minerals Inc. and was instrumental in acquiring the Haquira project in Peru for Antares. He was the key driver in negotiating the sale of Antares to First Quantum Minerals for C$650 million. John’s early career included work with Bear Creek Mining Company, Kennecott Minerals Corporation, Rio Tinto and Western Mining Corporation and he currently serves as the CEO and director of Aldebaran Resources Inc..

Fernando Pickmann, LLM

Fernando Pickmann, LLM

President, Chief Operating Officer & Director

Mr. Pickmann has a law degree and an LLM in corporate Law and over 20 years of corporate, securities and mining law experience. His legal practice has been focused on advising significant mining companies in Peru. He has acted as internal legal advisor of Peruvian Government on the Mining Privatization Committee of Centromin Peru; he has been board member of several public and private junior mining companies and board member of Petroperu (Peruvian Agency for oil and gas) and is currently partner of Dentons law firm in the Lima office, negotiating multiple transfer, assignment and mining option contracts. Mr. Pickmann has also been a Professor of Mining Law and Strategic Alliances at Lima University. Mr. Pickmann was CEO of Southern Legacy Minerals prior to its amalgamation with Regulus. He is currently also on the Board of Aldebaran Resources Inc.

Dr. Kevin B. Heather, B.Sc. (Hons), M.Sc., Ph.D.

Dr. Kevin B. Heather, B.Sc. (Hons), M.Sc., Ph.D.

Chief Geological Officer

Dr. Kevin B. Heather is an economic geologist with more than 35 years of field experience in North and South America. Dr. Heather was a founding member of both Antares and Regulus and directed the exploration that led to the discovery of the high-grade Haquira East deposit in Southern Peru, which sold to First Quantum Minerals in December 2010 for C$650 million. His professional credentials include a BSc. (honours) degree in Geology from UBC in 1982, a MSc. degree in Geology from Queen’s University in 1985, and a PhD. degree from the University of Keele in 2001. Dr. Heather is currently the Chief Geological Officer (CGO) for Regulus and Aldebaran and is the QP (FAUSIMM) responsible at a corporate level for overseeing the technical aspects of both company’s exploration activities. During his career Dr. Heather has been involved with several discoveries and has worked on various world-class ore deposits including the El Indio Au-Ag-Cu Mine (Chile), the Pascua-Lama Au-Ag deposit (Chile-Argentina), and the Au-Ag Cerro Vanguardia Au-Ag deposit (Patagonia, Argentina).

Megan Cameron-Jones

Megan Cameron-Jones

Corporate Secretary

Megan. Cameron-Jones has 30 years experience in providing regulatory and management services to public companies. She is also the Corporate Secretary of Aldebaran Resources Inc. and a director and officer of Highway 50 Gold Corp. For 23 years, Megan was a director and officer of Goldrock Mines Corp. which was acquired by Fortuna Silver Mines in 2016 for $130 million. She was also a director and officer of Pachamama Resources Inc. which merged with Regulus in 2012.

Mark Wayne, LL.B, CFA

Mark Wayne, LL.B, CFA

Chief Financial Officer & Director

Mark Wayne is a co-founder, director and the Chief Financial Officer of Regulus and, prior to that, Antares Minerals Inc. Mr. Wayne has a law degree and is a Chartered Financial Analyst. He practiced law from 1980 – 1987, specializing in the fields of corporate and securities law. In 1987 he founded and became President of AltaFund Investment Corp., a public investment company that raised $110 million. In 1991, AltaFund joined the Altamira group of mutual funds and Mr. Wayne subsequently served as Vice-President, Western Canada for Altamira until November 1998. Mr. Wayne has raised money for, and served as a director or officer of, a number of public and private companies over the years in the mining, oil and gas and technology sectors. Mr. Wayne is based in Calgary, Alberta and is also an investment advisor with IA Securities Inc., a full service investment dealer.

Adam Greening

Adam Greening

Vice President, Corporate Development

Adam Greening is a professional geologist with over 12 years of experience in corporate development, exploration and strategy. Prior to joining Regulus, Adam worked at Yamana Gold where he helped evaluate and execute successful acquisitions and divestitures valued at approximately C$4.5 billion. Prior to Yamana Gold, Adam worked at Goldcorp and MPH Consulting as a geologist. Adam has a MBA from the Rotman School of Management -University of Toronto and a B.Sc (honours) from Memorial University of Newfoundland. Adam is also Vice President of Corporate Development for Aldebaran Resources.

Joe Fernandez, Eng.

Joe Fernandez, Eng.

Vice President, Project Development

Mr. Fernandez has served in many different mining related roles over his 35+ year career. Those roles span from exploration and development to operations management and reclamation. His most recent accomplishments are with the Antares Minerals project, Haquira, in Peru serving as the VP of Project Development and responsible for the completion of the PEA of Haquira. As Director of Planning with BHP at its Tintaya Mine, Mr. Fernandez gained invaluable experience operating in Peru. From the corporate offices of BHP, he participated in the internal review of several large projects; leading the team in the review of Tintaya’s oxide expansion project. Mr. Fernandez has held operating and management positions at Pinto Valley, The Ray Mine, Johnson Camp, Tintaya, and San Manuel Mine. Mr. Fernandez also held a senior position with Redhawk Copper performing exploration and development roles at the company’s Copper Creek Project near San Manuel, Arizona.

Laura Brangwin, BA (Hons)

Laura Brangwin, BA (Hons)

Investor Relations Manager

Laura Brangwin also currently works as investor relations for Aldebaran Resources Inc. Laura previously worked as international relations manager for Kura Minerals and in media as a project director leading marketing campaigns for executives in the mining sector, working and living across the Americas and Africa with Global Business Reports (GBR). Laura graduated from the University of Manchester in the UK with a First-Class BA Honours in Spanish and Distinction in Portuguese, and speaks both languages fluently.

Anna Tudela Acc. Dir., CCIP, GCB.D

Anna Tudela Acc. Dir., CCIP, GCB.D

Director

Ms. Tudela has over 30 years of experience working with public companies in the securities and corporate finance areas in North and South America. Most recently, she was the Vice President of Diversity, Regulatory Affairs and Corporate Secretary of Goldcorp and was actively involved in M&A with Wheaton River Minerals, Placer Dome Canada, Glamis Gold Ltd. and many other transactions culminating with the takeover of Goldcorp by Newmont Mining Corporation. Ms. Tudela has served as Corporate Secretary of Goldcorp Inc., Silver Wheaton Corp (Wheaton Precious Metals) and Diamond Fields Resources Inc. Ms. Tudela has been recognized by various organizations for her work on governance, boards and advancing women in leadership in traditionally male-dominated industries, receiving the Peter Day Governance Achievement Award; named one of the 100 Global Inspirational Women in Mining; the Association of Women in Finance awarding her the honour of Champion; Dalhousie University awarding her the 2016 Scotiabank Ethical Leadership Award and by Catalyst naming her 2016 Catalyst Canada Honours Champion. Ms. Tudela is a director of the Canadian Centre for Diversity and Inclusion, a Certified Canadian Inclusion Professional, an Accredited Director (CGI) and a certified Global Competent Board advisor. Most recently, Ms. Tudela was the recipient of the WIM (BC) Aurora Award which recognizes an exceptional woman in mining who inspire others.

Alternative Stock Symbols:
TSX.V REG
OTCQX: RGLSF
BVL: REG

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