Heliostar Metals - The Transition From An Explorer To A Gold Producer Through Acquisitions This Year

Charles Funk, President and CEO of Heliostar Metals (TSX.V:HSTR - OTCQX:HSTXF - FRA: RGG1) joins me to take a step back and recap the Company’s transition to become a gold producer this year in Mexico. I have Charles explain how he tapped into the equity and debt markets to take advantage of an opportunity to acquire gold assets (some currently producing) from Argonaut Gold, as well as continue to advance the Ana Paula Project.   We then discuss all the catalysts and news coming from the Company into Q1 of next year. Take a look at the table below, provided by Tim Sorensen from TSCG Capital. It’s a great overview of what’s on tap and the potential impacts for shareholders.    Please email me at [email protected] with any follow up questions for Charles.    Click here to visit the Heliostar Metals website to learn more about the Company.   # Catalyst   Potential   Impact   Timing 1 Ana Paula Drilling Results   grow HG resource by 50%+   could increase production by 20%+ pa  and/or LOM   Oct start (every 3-4 weeks) 2 Closing Acquisition   dramatically increases HSTR asset base   transition HSTR from explorer/developer to cash flowing growing producer   Oct/Nov 3 2024 Production Guidance   15-20k oz net to HSTR   demonstrates cash flow generation   Nov 4 La Colorado Drilling   prove junkyard grade and tonnage and show waste to ore conversion at Creston   Junkyard should produce ~20k in 2025, Creston capex could reduce $10-20M and LOM expand from 6 to up to 10 years   Nov start (every 3-4 weeks) 5 San Agustin heap rehandling   add recovery of ounces on SA heap pads   could add 20-25k oz of production pa for 4 years = ~US$100M CFO    Jan 6 Updated Creston Cutback study   demonstrate economics of original cutback plan (prior to new drilling)   should show La Colorado will produce 50k oz pa for 6 years starting in 2026 and support HSTRs base case prod'n    Jan 7 Expansion Permits   add near term production at San Agustin and La Colorado's Veta Madre pit   would add 80k oz of production over 2025-26 time frame = US$80-100M CFO   Q1 8 2025 Guidance   to add to 40k oz base case   60-100K oz = US$60-100M CFO vs. $40M   Jan 9 San Antonio Updated Techinical Report   demonstrate a much higher NPV for San Antonio than US$175M in original study   NPV for San Antonio could double or more as last study used $1300 Au. At 10% NPV could be worth US$35M+   Jan 10 Cerro Del Gallo Updated Technical Report   add 2.8M oz Au and 80M oz Ag to HSTRs M&I and show a significant increase in historic US$175M NPV   At C$20/oz AuEq CDG would add $70M to HSTR valuaton, not a stretch for an asset that is at the permiting stage and could have an NPV > US$300M