Callinex Mines Sets Sights on Transformational 2025, Building on Momentum from 2024 Success

Proactive - Interviews for investors

Callinex Mines CEO Max Porterfield joined Steve Darling from Proactive to unveil the company’s ambitious plans for 2025, following a highly productive 2024. The company has positioned itself for significant growth and development, focusing on expedited permitting processes, resource expansion, and exploration of its newly acquired land package. Reflecting on 2024, Porterfield highlighted several key achievements that have laid the groundwork for the company’s future. These include completing critical engineering work on the Rainbow and Pine Bay deposits, conducting baseline studies at the Pine Bay Project, and preparing for the submission of an Advanced Exploration Permit. These advancements build on the 2023 Pine Bay Project NI 43-101 maiden resource estimate, which showcased impressive results with the Rainbow Deposit having an Indicated Mineral Resource of 3.44 Mt at 3.59% copper equivalent (CuEq) and an Inferred Mineral Resource of 1.28 Mt at 2.95% CuEq. The Pine Bay Deposit is showing an Inferred Mineral Resource of 1.0 Mt at 2.62% Cu. He highlighted advanced engineering and baseline studies initiated to secure an Advanced Exploration Permit for Rainbow and Descendant, aiming for completion in Q1 2025. The company also expanded its land package in 2024 and finalized an agreement with Teck, removing a 25-year buyback provision. This milestone enables unrestricted exploration on geologically promising ground. Porterfield emphasized Callinex Mines’ dual focus on permitting and advancing its 6.00 million-ton high-grade resource while targeting further exploration in 2025. #proactiveinvestors #callinexminesinc #tsxv #cnx #otcqx #cllxf #mining