As demonstrated by its 2017 discovery at Nickel Mountain – the Golden Triangle’s first magmatic nickel-copper-rich massive sulphide system – Garibaldi Resources’ strategy is to acquire exceptional, undervalued high-grade prospects and unlock their value to create shareholder wealth while keeping share dilution to a minimum. Not an easy challenge, but one that Garibaldi has excelled at.
Throughout the last downturn in the exploration and mining cycle (2012 into early 2016), Garibaldi strategically expanded its project portfolio by acquiring high quality properties in British Columbia and Mexico on very favorable terms. This was made possible by the selling of the Temoris option in Mexico in 2009 (another example of unlocking value) and laid the foundation for the company’s current and future success.
It only takes one important discovery to drive a junior exploration company’s market cap to astounding levels. Garibaldi shareholders have multiple opportunities for incredible leverage through the Nickel Mountain discovery, the 200 sq. km overall land package in the Eskay district, seven other properties in British Columbia and four properties in Mexico that all show excellent potential.
During the spring of 2016, Garibaldi management made a wise decision to dramatically increase its land position in a key part of northwest B.C.’s Golden Triangle - the prolific Eskay mining camp. Eskay Creek, Snip, KSM and Brucejack have all been world class discoveries in this incredible district over the last three decades, and Garibaldi believes it can contribute significantly to exciting new chapters in this region’s evolving story over the coming months and years. Led by the Nickel Mountain discovery featuring global top tier nickel grades, and supplemented by the Palm Springs and King Projects, Garibaldi looks forward to capitalizing on this unique opportunity for shareholders in 2019 and beyond.
Meanwhile, from Temoris to more recently at Rodadero, Garibaldi has used cutting edge technology in Mexico to make new discoveries, build financial strength and accurately pinpoint the most prospective targets for potential new deposits in some of that country’s most robust gold, silver and copper producing areas. Mexico’s vast mineral wealth and long history of resource extraction belies the fact that modern exploration methods are still in their infancy in this rich and underexplored jurisdiction.
With just over 100 million shares outstanding, the world’s most exciting nickel sulphide discovery in recent years as the electric vehicle revolution ramps up, a first-rate portfolio of properties and the “right” team to fully unlock all of this value, Garibaldi is extremely well-positioned to be a market leader in the year ahead.