{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Company Interviews","title":"Inventus Mining (TSXV:IVS) - Sprott-McEwen Backing, Self-Funding Gold Development in Ontario","html":"","width":"100%","height":180,"duration":1369,"description":"Interview with Wesley Whymark, Director & CEO of Inventus MiningRecording date: 1st March 2026Inventus Mining is doing something most junior gold companies cannot: generating cash from its asset before it has a formal resource estimate, and using that cash to fund its own growth. At its Pardo Paleoplacer project in Ontario, Canada, the company extracts gold-bearing conglomerate from surface, crushes it on-site, and trucks it to McEwen Mining's nearby mill under a pre-sale arrangement. The first bulk sample returned approximately two dollars for every dollar invested. That single data point separates Inventus from the majority of its peers, who depend entirely on shareholder capital to advance their projects.The geology underpinning this model is straightforward and well-understood. The Pardo Paleoplacer project targets a conglomerate reef averaging 2 metres thick and grading 2.5 to 3.5 grams per tonne gold, sitting at or near surface. Drilling costs are low — a single rig can complete two to three holes per day at the current target depths of 0 to 50 metres. Gold recoveries at McEwen's mill are running in the mid-90% range, with 70% of gold captured in the gravity concentrate alone. The metallurgy is not a question mark here. It has been tested at scale through the bulk sampling program itself.The company has now completed 30,000 of its permitted 50,000 tonnes of bulk sample. With 20,000 tonnes remaining, management is prioritising grid drilling to define a maiden mineral resource estimate, targeted for Q3 2026. That resource estimate is the most important near-term event for investors. It will be the first time the market has a formal, independently verified number to attach to the asset, and it will form the basis of the subsequent production permit application targeting 200,000 tonnes of material. Ontario's permitting framework is efficient — once a third-party environmental report is submitted, Ministry approval can come within 45 days. A permit submission is...","thumbnail_url":"https://img.transistorcdn.com/1wv-MFlQAgnm-ca64e5kK4984dZB0os8-HJdRVsI74M/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzEzNTcyLzE2MjM5/NTQyMDctYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}