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In a significant development, Lomiko Metals Inc., trading on the TSX Venture Exchange as LMR, has officially appointed Robert Boisjoli as its new Chief Financial Officer (CFO). This strategic move comes as the company seeks to enhance its financial management and operational efficiencies. Mr. Boisjoli brings a wealth of experience to the role, with over three decades in the finance and corporate sectors.
Based in Montreal, Mr. Boisjoli succeeds Jacqueline Michael, the former CFO, who previously oversaw the company’s financial operations.
His extensive background in corporate finance and advisory services positions him as a valuable asset for Lomiko as it continues to advance its initiatives.
Table of Contents:
Professional background of Robert Boisjoli
Mr. Boisjoli is a Fellow Chartered Professional Accountant (FCPA) and has held various high-level positions throughout his career. He is currently the managing director of Atwater Financial Group, where he specializes in providing financial reporting services specifically tailored for publicly listed mining companies. In addition to his current role, he serves as an advisor to several public exploration firms.
Experience in investment banking
Prior to his current engagements, Mr. Boisjoli worked as an investment banker with multiple Canadian securities firms, gaining invaluable insights into the financial landscape of the mining sector. His expertise extends beyond finance; he also contributes to the CPA Professional Liability Plan Inc. and various non-profit organizations, demonstrating his commitment to both professional and community service.
Overview of Lomiko Metals’ operations
Lomiko Metals is deeply invested in the mining sector, particularly focused on its La Loutre graphite project located in southern Quebec. This project sits within the territory of the Kitigan Zibi Anishinabeg First Nation, part of the Algonquin Nation, highlighting the company’s commitment to working collaboratively with local communities.
The La Loutre project comprises a large continuous block of land encompassing 76 mineral claims, covering an impressive 4,528 hectares. Notably, this area features rocks from the Grenville Province of the Precambrian Canadian Shield, which are conducive to producing high-quality flake-type graphite through natural geological processes.
Recent mineral resource estimates
Lomiko Metals released an updated Mineral Resource Estimate (MRE) for the La Loutre project, highlighting a significant increase in resources. The report, prepared by InnovExplo, indicated 64.7 million tonnes of Indicated Mineral Resources averaging 4.59% graphitic carbon (Cg), amounting to 3 million tonnes of contained graphite. This represents a remarkable 184% increase in tonnage.
The updated estimates reflect the successful drilling campaign conducted recently, which added 41.5 million tonnes of Indicated Resources, enhancing the company’s position in the graphite market significantly.
Future projects and developments
In addition to the La Loutre project, Lomiko holds interests in seven other early-stage projects across southern Quebec. These include Ruisseau, Tremblant, Meloche, Boyd, Dieppe, North Low, and Carmin, collectively covering 18,622 hectares. This diverse portfolio indicates Lomiko’s proactive approach in exploring various opportunities within the region.
Each project is characterized by promising mineralization potential, with Ruisseau showcasing grades of up to 27.9% Cg from multiple high-grade mineralized zones. Such findings underscore the ongoing exploration efforts and the company’s commitment to developing its resources responsibly.
Conclusion
As Lomiko Metals embarks on this new chapter with Robert Boisjoli at the helm of its financial strategy, the company is poised to leverage his extensive expertise to navigate the complex landscape of the mining industry. With a strong focus on its La Loutre project and a robust pipeline of early-stage initiatives, Lomiko is well-positioned to capitalize on the growing demand for graphite and other minerals.
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