{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Company Interviews","title":"Callinex Mines (TSXV:CNX) - The High-Grade Copper Play in Canada for a Supply-Constrained World","html":"","width":"100%","height":180,"duration":1016,"description":"Interview with Max Porterfield, President & CEO of Callinex Mines Inc.Our previous interview: https://www.cruxinvestor.com/posts/callinex-mines-tsxvcnx-high-grade-copper-gold-vms-deposits-5234Recording date: 3rd June 2024Callinex Mines (TSXV:CNX) is a compelling copper exploration and development company positioned to capitalize on the expected surge in copper demand driven by the global energy transition. With its portfolio of high-grade copper deposits in the established Flin Flon mining district of Manitoba, Canada, Callinex offers investors direct exposure to a crucial metal of the future in a top-tier jurisdiction.The company's key differentiator is the exceptional grade of its deposits. Callinex recently announced a maiden resource estimate of nearly 6 million tonnes grading 3.0% copper equivalent (CuEq) across its Rainbow and Pine Bay deposits. This includes 3.14% copper (Cu) at Rainbow, or 3.6% CuEq when including gold, silver, and zinc by-products. These grades are substantially higher than the global average for copper mines, translating into potentially lower operating costs and higher margins.Callinex's assets are also located in close proximity to established infrastructure, including roads, power, water, and a currently idled processing plant. This is expected to significantly reduce the capital intensity of developing the project and accelerate the potential timeline to production. CEO Max Porterfield noted Callinex could commence production via a small-scale, high-grade operation utilizing the existing mill, while retaining the option to permit a larger standalone operation in the future.The Flin Flon region of Manitoba is a world-class mining jurisdiction with a long history of successful mine development. It offers a stable and supportive political environment, with backing for resource development from the highest levels of government. This reduces the permitting and political risks compared to many copper projects located in less favorable...","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}