North Arrow Minerals Kraaipan Gold Project is located in southern Botswana, about 40 km north of Harmony Gold’s Kalgold mine across the South African border. The interview covered the company’s exploration strategy on the 724 km² land package, the ongoing RC drilling program following up on last year’s results, the partnership with private operator Rockman Resources, and the corporate setup including management background, share structure, and treasury.

Formation Metals’ flagship is the N2 gold project, an Archean orogenic gold system located approximately 25 km south of Matagami in Quebec’s Abitibi Greenstone Belt, sitting along the Casa Berardi Deformation Zone and about a kilometre east of the historic Vezza gold mine. The company also holds the Nicobat nickel-copper-cobalt-PGM project in Ontario and the Rio titanium project in Quebec, both currently on the back burner. The conversation focused mainly on the active 75,000 metre drill program at N2, the maiden NI 43-101 resource estimate planned for Q3 2026, the recent financing, and Varshney’s stated strategy to sell the project within two to three years.

Viva Gold’s flagship is the Tonopa gold project in the Walker Lane trend of western Nevada, advancing toward a prefeasibility study and federal permitting. The 2025 resource shows roughly 1.7 million ounces of silver and about 500,000 ounces of gold in measured and indicated within a conceptual open pit shell at a 0.15 g/t cutoff. The conversation focused on the just-completed 19 hole drill program, the PFS and baseline environmental work, the permitting pathway through the BLM, and how Viva plans to fund the next phase toward a construction decision targeted for late 2027.

Awalé Resources operates in northern Côte d’Ivoire. They recently published their initial MRE on a part of the project which is under a joint venture with Newmont (Newmont currently at 61%). This MRE consists of three deposits. BBM is the bulk of the resource, Charger is the high-grade quartz breccia, and Empire is seen as a small high-grade potential starter pit. The conversation centred on the just-released maiden mineral resource estimate showing 1.7 million ounces gold equivalent at roughly 1.7 g/t, the Newmont JV mechanics following that result, the upcoming PEA, and the path to a mining license application by mid-2027.

Kirkland Lake Discoveries is run by CEO Stefan Sklepowicz. The flagship is the past-producing Mirado gold mine in the KL South project, about 20 km southeast of the town of Kirkland Lake in the Abitibi greenstone belt of Ontario. The deposit is a hybrid system combining an orogenic overprint on what appears to be an underlying VMS-style host, with broad disseminated sulphides plus high-grade quartz carbonate veins. The company holds about 400 square kilometres across KL South, KL West, and KL East. The conversation focused on early drill results from a 25,000 metre program at Mirado, including a high-grade hit of roughly 39 g/t over 16.4 metres, the timing toward an updated resource, and the path to a potential exit involving Agnico Eagle or other neighbours.

Desert Gold’s flagship is the SMSZ project (Senegal-Mali Shear Zone) in western Mali, a 440 square kilometre land package about 120 km southwest of Kayes, sitting between Allied Gold’s Sadiola mine to the north and Barrick’s Loulo-Gounkoto complex to the south. The company also holds an option on the early-stage Tiegba gold project in Côte d’Ivoire, currently awaiting presidential decree on the mining license. The conversation covered the planned commissioning of a 240 TPD modular gravity plant at Barani East in July 2026, the political and logistical situation in Mali, the current RC drill program, and the path from a small starter operation to potential CIL expansion.

1911 Gold’s flagship is the True North project near Bissett, Manitoba, about 160 km northeast of Winnipeg in the Rice Lake greenstone belt. It is a past-producing narrow vein orogenic gold system that has produced over 2 million ounces historically through five different operators. The asset comes with a fully built and permitted 1,300 TPD mill, shafts, and tailings facility sitting on top of the existing resource. The company also holds the Apex project in Snow Lake and the Denton-Keefer project in Timmins, both non-core. The conversation focused on the path to restarting True North in H1 2027, the 50,000 metre drill program, mining method and dilution control, and the funding gap to production.