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The next big name in lithium
James Bay Minerals holds one of the largest lithium exploration tenures in the globally renowned James Bay region of Quebec, which hosts a tight cluster of world-class lithium projects including those owned by Allkem, Patriot Battery Metals and Winsome Resources.
The company's flagship La Grande Project is located along strike from Patriot's Corvette and Winsome's Cancet deposits.
The greenfield explorer seeks to commence grassroots exploration (e.g. field mapping, geochemical and geophysical surveying) in September 2023, followed by a maiden drill program in the first half of 2024, subject to early-stage exploration results.
Highlights
Oversubscribed $6 million IPO at 20 cents per share
One of the largest lithium exploration tenures in James Bay at 224 km2
The La Grande Project runs along strike from Patriot's' Corvette and Winsome's' Cancet deposits, with similar geological characteristics
Board and management have worked on successful hard rock lithium projects from discovery through to development and production
Low enterprise value, with an indicative $12 million market cap and $5 million cash at listing
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People
Board and Management
Andrew Dornan
18 years senior commercial management experience within various major and mid-tier international mining organisations including Pilbara Minerals, Tianqi Lithium (consultant), Fortescue Metals Group, Newmont and Rio Tinto.
Andrew Dornan
Executive Director
18 years senior commercial management experience within various major and mid-tier international mining organisations including Pilbara Minerals, Tianqi Lithium (consultant), Fortescue Metals Group, Newmont and Rio Tinto.
Gerard O'Donovan
CEO Battery Age Minerals, based in Ontario, Canada, served as the project manager for Pilbara Minerals, overseeing the development of the Pilgangoora mine for production. Integration manager for Altura Operations.
Gerard O'Donovan
Non-Executive Chair
CEO Battery Age Minerals, based in Ontario, Canada, served as the project manager for Pilbara Minerals, overseeing the development of the Pilgangoora mine for production. Integration manager for Altura Operations.
Judy Baker
8 year director of Nemaska Lithium Quebec, developed the largest Spodumene deposit in North America, and founder of Lithium Canada Corporation.
Judy Baker
Non-Executive Director
8 year director of Nemaska Lithium Quebec, developed the largest Spodumene deposit in North America, and founder of Lithium Canada Corporation. Geologist, Engineer, MBA with strong Capital markets experience.
Dean Ercegovic
Founding Director and Chief Operating Officer of Primero Group where he spent over 11 years. Primero now operates in multiple regions globally (including Quebec).
Dean Ercegovic
Non-Executive Director
Founding Director and Chief Operating Officer of Primero Group where he spent over 11 years. Primero now operates in multiple regions globally (including Quebec) and is an industry leader in the design, construction and operations of Lithium processing facilities.
Daniel Loughnan
20 years experienced Accountant, Director of Danpalo Group an accounting Consulting to a number various listed ASX Companies.
Daniel Loughnan
Chief Financial Officer
20 years experienced Accountant, Director of Danpalo Group an accounting Consulting to a number various listed ASX Companies.
Mark Fekete
30 year experienced geologist based in Quebec, fluent in French. Strong existing relationships with the local exploration community and first nations suppliers.
Mark Fekete
Senior Geology Consultant
30 year experienced geologist based in Quebec, fluent in French. Strong existing relationships with the local exploration community and first nations suppliers.
Marty Huber
20 year experienced geologist based in Quebec, with key experience across Lithium, base metals & Precious metals projects.
Marty Huber
Senior Geology Consultant
20 year experienced geologist based in Quebec, with key experience across Lithium, base metals & Precious metals projects.
James Doyle
Experienced company secretary and corporate advisor with over 15 years’ experience. Currently co sec for Black Rock Mining Limited, Solstice Minerals Limited and Metalicity Limited.
James Doyle
Company Secretary
Experienced company secretary and corporate advisor with over 15 years’ experience. Currently co sec for Black Rock Mining Limited, Solstice Minerals Limited and Metalicity Limited.
Projects
La Grande
The La Grande Project consists of three prospects: Joule, Aero and Aqua, which span approximately 18,088 hectares, all of which run along strike from Patriot's Corvette and Winsome's Cancet deposits.
Highlights:
Joule Prospect: Minimal historical exploration has been undertaken at the prospect. Possesses a similar geological setting as Corvette and Cancet.
Aero Prospect: Has approximately 12km of deformation zones which are considered highly prospective for lithium-cesium-tantalum pegmatites. The nearby Corvette and Cancet have had "significant success along these zones."
Aqua Prospect: Hosts the La Grande Greenstones which is considered highly prospective for lithium-cesium-tantalum pegmatites.
Troilus
The Troilus Project covers approximately 4,350 hectares, located approximately 5km to the south of Sayona's Moblan Lithium Project and 25km to the west of Winsome's Sirmac-Clappier Projects.
Highlights:
Early stage exploration project with minimal historic exploration
Historical LIDAR surveys identified multiple topographic anomalies which are potential mineralisation targets to be followed up with field mapping
Nearby projects have identified lithium spodumene-bearing pegmatites, all within the range of 5-30 km
Key Milestones
Historic Milestones
Future Milestones
Investors
Capital Raises
Successfully raised maximum offer amount of $6 million. Proceeds will be used to explore the Projects using a variety of geochemical, geophysical, field exploration, mapping and drilling techniques.