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Lomiko Metals Inc., a prominent player in the mining sector, has recently made a significant shift in its management team by appointing Robert Boisjoli as the new Chief Financial Officer (CFO). This transition comes as the company looks to bolster its financial strategy and operational efficiency. Located in Montreal, Boisjoli assumes his role immediately, taking over the responsibilities from the previous CFO, Jacqueline Michael.
With a career spanning more than 30 years in corporate finance and operations, Boisjoli is well-equipped to lead Lomiko’s financial endeavors.
His extensive background includes serving as the managing director at Atwater Financial Group, a firm dedicated to providing financial reporting services for publicly listed mining companies. His experience as an investment banker with various Canadian securities firms further enriches his qualifications, making him a valuable asset to Lomiko’s leadership.
Table of Contents:
Overview of Lomiko Metals
Lomiko Metals is primarily focused on the development of its La Loutre graphite project, located in southern Quebec. This project is situated within the traditional territory of the Kitigan Zibi Anishinabeg (KZA) First Nation and covers an impressive area of 4,528 hectares. The site is positioned approximately 180 kilometers northwest of Montreal and consists of 76 mineral claims within a large, contiguous block.
Geological Significance
The La Loutre property is underlined by rocks from the Grenville Province, part of the Precambrian Canadian Shield. This region is known for its favorable geological conditions, which have led to the formation of coarse-grained, flake-type graphite mineralization. Such mineralization is a result of the metamorphosis of organic-rich materials under high temperatures, making it a prime location for graphite extraction.
Recent Developments and Mineral Resources
In a recent update, Lomiko Metals released a new Mineral Resource Estimate (MRE) for the La Loutre project. This report, prepared by InnovExplo, indicated a substantial increase in the tonnage of indicated mineral resources, estimating a total of 64.7 million tonnes with an average grade of 4.59% graphitic carbon (Cg). This represents a remarkable 184% increase in tonnage compared to previous estimates.
The updated estimate reflects the results of the drilling campaign, which significantly enhanced the understanding of the deposit’s potential. The drilling not only increased the indicated mineral resources by 41.5 million tonnes but also added 17.5 million tonnes of inferred resources, averaging 3.51% Cg. This substantial addition was made possible through extensive infill drilling and a refinement of the deposit and structural models.
Broader Exploration Efforts
Beyond the La Loutre project, Lomiko Metals has interests in seven additional early-stage projects across southern Quebec. These projects, which include Ruisseau, Tremblant, Meloche, and others, cover a total of 18,622 hectares and are located within KZA territory. The company is actively exploring these sites, with promising results reported.
For instance, the Ruisseau project revealed grades of up to 27.9% Cg, demonstrating the significant potential of Lomiko’s exploration portfolio. The company is committed to advancing these projects, further solidifying its position in the graphite market.
Conclusion
The strategic appointment of Robert Boisjoli as CFO marks a pivotal moment for Lomiko Metals as it seeks to enhance its operational capabilities and financial performance. With his extensive experience and the company’s robust mineral resource portfolio, Lomiko is well-positioned to navigate the challenges ahead and capitalize on emerging opportunities in the mining sector.
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