Mayfair Gold Corp.
Promotional Strapline: Unlocking optionality through disciplined gold development
Primary Ticker: TSXV:MFG, NYSE:MINE, FRA:9M50
Stage of Development: Development
Primary Minerals: Gold
Country / Region: Canada
Market Cap 222.3M
Corporate Presentation: Go to presentation
Website: Mayfair Gold Corp.
Mayfair Gold is a gold mining company focused on unlocking the value of its 100%-owned Fenn-Gib gold project in Ontario, Canada, through a disciplined approach that focuses on a smaller scale, higher-grade initial development to mitigate risk, reduce upfront capital cost and proceed through the Ontario Provincial Permitting pathway to advance the project into production.
Mayfair is committed to the responsible development of the Fenn-Gib gold project, with a commitment to health, safety, and environmental stewardship. As part of that commitment, the Company will endeavour to build relationships based on trust and mutual respect with the Indigenous nations and communities in which we operate, with the goal of unlocking the value of Fenn-Gib in a collaborative approach.
The Fenn-Gib gold project is located within the prolific Timmins Gold District. The Project has a 4.3 million ounce indicated gold resource and is located 80km from Timmins, Ontario, 21km from Matheson, Ontario, and 10km from the Black Fox Mine (Owned by McEwen Mining). Accessible by way of Highway 101, allowing the Company to utilize existing access and infrastructure to advance the Fenn-Gib Gold project to production.
Mayfair is led by an experienced team with a background in capital markets and technical expertise. The team has a proven track record of recognizing opportunity and unlocking value through the execution and advancement of development stage mining assets into production. 39% insider ownership creates significant shareholder alignment. We believe in the potential of the Fenn-Gib Project and the value that can be created by advancing development stage assets to production.
Management Profile:
Drew Anwyll - CEO
Mr. Anwyll is a Professional Engineer (Ontario) with over 30 years of experience in project and operating in Canada and globally. Mr. Anwyll has worked extensively with companies including Generation Mining, Detour Gold, Barrick Gold, and Placer Dome along with various other junior and intermediate mining companies in Northern Ontario, across Canada and internationally. Most recently, Mr. Anwyll was COO for Generation Mining. Prior to this, he was Senior Vice-President – Technical Services and Vice-President Operations | Mine General Manager at Detour Gold’s open pit gold mine in Northern Ontario.
Zayem Lakhani - VP Capital Markets
Mr. Lakhani brings more than 17 years of expertise in investment management, equity research, and corporate development. Prior to joining Mayfair, he served as Portfolio Manager and Head of Canadian Equities at HSBC Global Asset Management, where he was the lead decision maker and oversaw the investment process for a $4 billion capital pool spanning multiple strategies.
What are your key goals for the next 3, 6, and 12 months?
3 Months
Delineate exploration plans for land packages along the prolific Porcupine Destor Fault Zone to expand resource. Enter into Ontario’s One Project One Process Framework (1P1P) designed to get permits in 12-24 months.
6 months
Drill ready targets along the PDFZ; team member additions to advance permitting, engineering and project management; entry in 1P1P; advance indigenous relations
12 months
Drill results and follow on drilling of PDFZ targets leading to expanded resource. Nearing completion of permitting process. Early works and site preparation. Project debt financing avenue selected. Equity capital attained.
What do you think makes your company such a compelling investment?
Combination of scaled resource, well drilled, Tier 1 jurisdiction, management experience, accelerated green field permitting, realistic financing hurdle and significant rerating following 1P1P permitting and production all within 4 years.
