The World of Technical Reports Explained (Guest Josh Serfass, Integra Resources)

Rock Talk: Mining Demystified

In this interview, Josh Serfass, Investor Relations at Integra Resources, provides a fascinating look at the often complex world of technical reports - PEAs, PFSs, and FSs.

Here's what you will learn:

• Josh's unique journey into the industry through a batch of baked goodies.
• A simplified explanation of the critical technical reports junior exploration companies need to navigate.
• The upside potential at Integra Resources’ DeLamar project and the upcoming Feasibility Study.
• Josh’s top tips for anyone new to the industry.

About Integra Resources

This interview with Josh Serfass was recorded on April 15, 2024.

Integra Resources (TSX.V:ITR) owns the DeLamar Project, a development-stage gold and silver project, in southwestern Idaho. The project has a large resource base, significant exploration potential, and the ability to leverage existing infrastructure and historical mining facilities.

Links and Resources from this Episode

1. YouTube Interview with Josh Serfass
2. Integra Resources website
3. Integra's PFS Deck (VRIFY 3D Model)
4. Integra Resources is listed on the TSX.V under ticker ITR

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Jargon in Today's Episode

• GIS: Geographic Information Systems is a technology used to analyze and visualize geographic data to help locate mineral deposits and plan mining operations.
• IR: Investor Relations, which involves managing communications and relationships between the mining company and its investors to provide updates and information about the company’s performance and prospects.
• Deposit: a natural concentration of minerals within the Earth that can be economically extracted and used.
• Ore body: a concentrated accumulation of minerals within the Earth's crust that contains enough metal to be economically extracted and processed.
• Metallurgy: refers to the science and technology of extracting metals from their ores, refining them, and preparing them for use.
• Heap leach pad: a large, lined area where piles of crushed ore are placed and irrigated with a chemical solution to extract valuable metals like gold and copper.
• Flotation plant: a facility where the flotation process is used to separate valuable minerals from ore by mixing crushed rock with water and chemicals, causing the minerals to float to the surface for collection.
• (Non) Oxides: "oxide" refers to minerals containing oxygen that are often easier to process, while "non-oxide" refers to minerals without oxygen, typically requiring more complex extraction methods.

Timestamps

• (00:00) Introduction
• (02:09) How did Josh get into mining?
• (04:55) Josh's approach to learning the industry
• (07:28) An overview of technical reports
• (11:36) A visual look at Integra's PFS
• (15:44) Josh's best advice for new stakeholders in mining

Disclaimer

This podcast is for informational purposes only and does not constitute financial advice. Investing in stocks involves risks, including the loss of principal. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.

Rock Talk does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. Rock Talk is not liable for representations, warranties, or omissions in its content. By accessing our content, users agree that Rock Talk bears no liability related to the information provided or the investment decisions you make.