Arrowhead published an Equity Research Report on Rockcliff Metals Corp.
March 9, 2022
Rockcliff Metals Corporation (CNSX:RCLF) Research Update
- Rockcliff Metals (“Rockcliff” or “the Company”) is a Canadian resource development and exploration company, having high-grade copper and zinc dominant VMS deposits and a processing mill in the Snow Lake area of central Manitoba, Canada. Currently, all of the Company’s assets are in the exploration stage
- With a total landholding of more than 4,000 square kilometres, the Company claims to be the largest junior landholder in central Manitoba’s Flin Flon-Snow Lake (“FF-SL”) greenstone belt area, which is home to the largest Paleoproterozoic VMS district in the world, hosting mines and deposits that contain copper, zinc, gold, and silver
- The Company is currently focusing on the development of its four advanced-stage projects, Tower, Rail, Bur, and Talbot, all of which are in the Manitoba region. The Company plans to acquire and add more properties in the Manitoba region
- The Company’s immediate priorities are bringing the Tower and Rail projects into production. The Company completed a ‘comprehensive desk-top study’ on an alternative mining method for its Tower copper project as part of the Company’s value optimization efforts. The Company recently released a Preliminary Economic Assessment (“PEA”) on the Tower and Rail projects, indicating annual production of 12,000 tonnes of Copper Equivalent (CuEq), with a mine life of 9.5 years
- The Talbot property is a gold-rich copper asset and is under a 49%/51% JV between Rockcliff and Hudbay Minerals Inc. (“Hudbay”). Profits from the JV are to be split 65%/35% respectively between Hudbay and Rockcliff after Hudbay’s capital is repaid