Bonterra Resources: Restarting of Production in 2023

Plans to convert a 3 million ounce gold resource into cash flow

Bonterra is a Canadian gold exploration company. They hold a large portfolio of advanced exploration assets anchored by a central milling facility in Quebec, Canada. The company has four main assets, Gladiator, Barry, Moroy, and Bachelor. Furthermore, these collectively have a total of 1.24 million ounces in Measured and Indicated categories, and 1.78 million ounces in Inferred category.

Bonterra also plans to embark on an aggressive, restart of production in 2023. Additionally, the company owns the only permitted and operational gold mill in the region. It is currently estimated at 75% through the permitting process to expand from 800 to 2,400 tonnes-per-day. Moreover, Bonterra is focused on graduating from advanced exploration to a development company over the next 18-24 months to deliver shareholder value.

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