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Crown Mining Corp.

Company Data | Introduction | Projects in Hand | Management
News Update
| Chinese

Address :  Suite 400, 365 Bay Street
Toronto, Ontario
Canada M5H 2V1
Tel No.: (416) 361-2827
Web Site: www.crownminingcorp.com
E-mail: steve@crownminingcorp.com
Contact Person: Steve Dunn
Position: CEO


Company Data

Traded Market: TSX-V
Traded Symbol: CWM
Outstanding Shares: 33,583,627
52 Week High: $ 0.26
52 Week Low: $ 0.07
Present Price: Click Here


Introduction

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Crown Mining Corp. is a junior exploration and development company listed on the TSX Venture Exchange (symbol: CWM). Crown is focused on advancing its 100%-owned Moonlight-Superior Copper Project in mining-friendly Plumas County, California to the production stage.


Projects in Hand

Moonlight-Superior Copper Project
(Located in Lights Creek Copper District, Plumas County, California)

The Moonlight-Superior Copper Project in Northeast California, in a quartz monzonite intrusion known as the Lights Creek Stock that measures 18 square kilometers in area, has a current NI 43-101 resource of over 2 billion pounds of copper, 750,000 ounces of gold, and 25 million ounces of silver.

Project History

1915-1930 California-Engels Mining Company

  • Produced 161 million pounds/copper

1962-1994 – Placer AMEX

  • Drilled > 400 holes – 198,916 feet
  • Calculated 4 billion pound/copper resource
  • Dropped property in 1994 with gold focus

2004-2011 – Various junior explorers

  • 54 holes drilled
  • NI 43-101 Resource at Moonlight of 1.5 billion pounds of copper
  • Airborne Geophysics

2013-2017 – Crown Mining

  • Acquired 132 unpatented claims and a lease for the 36 patents covering the Superior and Engels mines
  • NI 43-101 resource calculation at Superior of 500 million pounds of copper
  • Optioned 300 claims covering the Moonlight deposit in March 2016
  • Scoping study and metallurgical tests started in 2017

Historic Production

Amount

Unit

Grade

Copper

161,500,000

pounds

2.20%

Silver

1,900,000

ounces

0.500 opt

Gold

23,000

ounces

0.005 opt

Produced from 4.7 million tons with 80% recovery from both the Superior and Engel Mines during 1915-1930

The Moonlight-Superior Copper Project includes four known copper deposits, three of which host the following NI 43-101 resources:

NI 43-101 Resources (at Cut-Off Grade of 0.20% Copper)

Grade and Tonnage Table with Contained Metal

Classification

Tonnes

(million)

Cu

(%)

Copper

(million-lb)

Moonlight Deposit

Indicated

146.5

0.32%

1,044

Inferred

80.0

0.28%

496

Superior Mine

Inferred

54.4

0.41%

487

Engels Mine

Inferred

2.6

1.05%

60

Favorable Location

  • Infrastructure is in place
    • State Hwy 89: 7 miles SW
    • Rail: 7 miles SW
    • Paved road to property
    • Power lines: 2 miles south
    • Lodgings, supplies and qualified labor nearby
    • Sacramento deep water port: 180 miles
  • Elevation – 4000' to 6000'
  • Water rights on property
  • Rural county supportive of logging and mining.

Moonlight- Superior Geology

  • A quartz monzonite intrusive
  • 18 square kilometer area
  • 4 Bulk tonnage low grade disseminated and stockwork copper sulphide deposits
  • Initially described as a porphyry; recent work suggests it may be an IOCG.

Moonlight-Superior Deposit Summary

Economic Size

- 1 billion pounds of copper indicated resource

- And 1 billion pounds of copper inferred

Growth potential

Historic resource > 4 billion pounds of copper (non NI 43-101 compliant)

Secure title

USA location; Patents and unpatented claims

Capital cost

Estimated at $600 million

Infrastructure

In place and nearby

Water

Water rights owned

Metallurgy

90% recovery

Permitting timeline

< 3 years

Valuation

Market value of $7 million (20 cents/share)

On November 27, 2017, Crown announced that it has retained Tetra Tech to complete a Preliminary Economic Assessment (PEA) on its Moonlight-Superior Copper Project. The PEA will be done solely on the Moonlight deposit. Further details of the Moonlight resource can be found in the Technical Report on the Moonlight Copper Property dated April 12, 2007 at Sedar.com. Further details of the Superior and Engels resource can be found in the Technical Report on the Superior Project dated November 7, 2014 filed on SEDAR which also discloses a historical resource estimate for the fourth deposit.

Copper Demand Will Exceed Current Supply

  • Demand for electricity, and therefore copper grows virtually every year
  • By 2050, urban population will double to 6 billion as global population grows to 9 billion
  • 30% of the world still has little or no electricity
  • The USA uses 15 MWh per capita per year, and China only uses 3.5 MWh per capita per year
  • China’s electricity grid, similar in size to the USA’s, will require 15 million tonnes of copper as it doubles by 2025
  • Electrical vehicles use 60 kg of copper versus 20 kg in a traditional vehicle (100M/units/year)
  • Renewable energy uses 3-6 times as much copper per traditional MWh of installed capacity
  • Battery farms have copper requirements of up to 3 tonnes/MWh

Crown's Objectives

  • Finish Metallurgical & Production Studies
  • Minimize share dilution until markets recover
  • Partner with a copper miner in 2018

Investment Summary

  • Indicated Resource of 1 billion pounds of copper plus Inferred Resource of 1 billion pounds of copper
    • Crown is trading at 1/5th of a cent per pound of copper
    • Undervalued relative to the Company’s peer group
    • No exploration risk
    • Safe jurisdiction
  • Upside triggers are at hand
    • Production studies in Feb 2018 will unlock value
    • The Company’s deposit size and location will attract suitors in a copper recovery
    • A small float and low market cap will boost buying impact in a market recovery
  • Management ownership (25%) ensures shareholder focus


Management

Management, Consultants and Directors

Stephen Dunn, BA, MBA, President and Chief Executive Officer, Director

Mr. Dunn has over 30 years of experience in the investment industry having worked with a large Canadian insurance company, a Canadian Schedule A bank, and two Canadian investment dealers. He has extensive experience in the capital markets and has been a director of numerous resource companies.

Rich Morrow, MBA, Chief Financial Officer and Director

Mr. Morrow has a strong background in Capital Markets and in Corporate Development (M&A). His international business experience includes negotiations, transactions and investments in South America, Europe, Africa and China.

Bob Suda, Geological Consultant

Mr. Suda has worked in the mining business for over thirty-five years. He served as Exploration Director of Garrison International, as well as Vice President, Exploration for Portage Minerals Inc. and FDG Mining Inc.

Johnny Oliveira, Honours BBA, CA, Office Manager

Mr. Oliveira has served in various capacities with Crown since June 2010. In his current role at Crown, he is responsible for financial reporting, preparation of financial statements and Management Discussions and Analysis reports.

James Fairbairn, CA, ICD.D, Director

George Cole, Director

Peter McRae, Director


News Update

On January 4, 2018, Crown Mining Corp. has released test results from its initial metallurgical testing of mineralized samples from its Moonlight and Superior copper sulphide deposits located in the Lights Creek copper district, Plumas county, northern California. The metallurgical testwork for the Moonlight deposit resulted in a copper recovery of 88 per cent with a concentrate grade of 32.1 per cent copper.


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