AbraSilver Resource – New Chair Of The Board, Strategic Investors, Development Pathway To Construction, and Exploration Update
John Miniotis, President and CEO of AbraSilver Resource Corp (TSX: ABRA) (OTCQX: ABBRF), joined me to discuss their new chair of the board, Marie Inkster, as well as the bench strength of the rest of the board and management team, their key strategic shareholders, an exploration update on the Phase 5 drill program, and the development pathway towards a construction decision at their wholly-owned Diablillos property in Salta Province, Argentina.
John highlights how the appointment of Marie Inkster marks another key inflection point as a company to take them into the next phase of growth. Ms. Inkster will take over as Chair of the Company's board of directors, replacing Robert Bruggeman, who will continue to serve as a director.
Ms. Inkster is a very highly accomplished mining executive and corporate director with more than 25 years of international experience spanning corporate leadership, finance, governance and capital markets. From 2018 to 2021, she served as President & CEO of Lundin Mining Corporation, after nearly a decade as its Chief Financial Officer. She currently serves on the boards of Cameco Corp. and Foran Mining Corp., and has also held board roles with global mining leaders including Vale S.A. and Lucara Diamond Corp.
John then spent some time reviewing the various disciplines and expertise of their board of directors and management team, and why this addition of Marie really rounds out the various skillsets needed to advance from an exploration company into a full-fledged development company. We also highlighted the strength of having strategic partnerships like Central Puerto, the largest utility company in Argentina, as well as senior mining companies like Kinross and Teck Resources, so share ideas with.
With three drill rigs now active across the broader Diablillos land package, the ongoing 20,000 meter Phase 5 drill program, and the potential to add a fourth rig in the future, the Company is entering another exciting new phase of exploration growth and is testing new targets. In addition, the Company is doing all the derisking work programs in parallel with exploration for their ongoing Definitive Feasibility Study due out in early 2026, which will be followed by a PEA on the heap-leach economics, and another updated to the mineral resource once all the Phase V data is incorporated into that study.
If you have any follow up questions for John regarding at AbraSilver, then please email us at Fleck@kereport.com or Shad@kereport.com.
In full disclosure, Shad is a shareholder of AbraSilver at the time of this recording.
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