West Vault management have worked together as a highly-effective team for over ten years, discovering and developing significant mining properties in Canada, United States, South Africa and Tanzania. In Nevada we have partnered with the best and most experienced consultants.
Peter Palmedo
Director, Chairman
Peter joined West Vault’s board in June 2019, and brings a wealth of experience including his experience investing in precious metals as a strategic asset class for over 25 years. He founded Sun Valley Gold LLC (“SVG”) in 1992 and serves as SVG’s president. Prior to founding SVG, he worked for Morgan Stanley & Co. as a principal of the firm specializing in equity portfolio risk management and derivatives. Mr. Palmedo was also a director of Chesapeake Gold Corp. until 2013.
Sandy McVey, P. Eng. PMP, MSc
Chief Executive Officer and Chief Operating Officer
Mr. McVey joined the company in November of 2012 to oversee the development, permitting, mine design and construction of the TUG project for West Vault Mining, and to acquire and develop further precious metal properties. He has been instrumental in acquiring and advancing to construction-readiness the Company’s Hasbrouck Gold Project. He has over 30 years’ experience in management of underground and surface mines, and mine and heavy civil construction in Canada, USA, UK, and Africa.. Mr. McVey is a Professional Mining Engineer and a registered Project Management Professional.
Frank Hallam, B.B.A., C.A.
Director, Chief Financial Officer & Corporate Secretary
Frank R. Hallam has over 30 years of experience in the mining, minerals and petroleum industry as an operator, principal, and founder of several NYSE American, TSX and TSXV corporations. His experience includes both equity and debt financing and the execution of exploration, discovery and development programs in Canada, the USA, Mexico and in six different countries in Eastern and Southern Africa. Significant business partners have included Anglo American Platinum Limited, Barrick Gold Corporation, Newmont Mining Corporation, Industrias Penoles SAB de CV, Fresnillo Plc, JCI Limited and Impala Platinum Limited. He has been directly involved in friendly and hostile M&A transactions and has been involved in more than US$2.0 billion in public offerings in the USA, Canada, and Europe.
In his role as CFO and Director with TSX listed gold exploration company Tan Range Exploration Corp. (1995 to 2002) he set up and administered exploration offices in Tanzania, Ethiopia and Eritrea.
Mr. Hallam was the original founder of New Millennium Metals Corp., a predecessor company to Platinum Group Metals Ltd. In addition to co-founding Platinum Group Metals Ltd., Mr. Hallam was a co-founder (2003) and former CFO and director until 2014 of MAG Silver Corp. Mr. Hallam was a co-founder (2005) and director of West Timmins Mining Inc. which was purchased by producing company Lake Shore Gold Corp. in 2009 for over C$400 million after the discovery of the Thunder Creek gold deposit. He served as a director of Lake Shore until the billion-dollar take-over of Lake Shore by Tahoe Resources Inc. in April 2016. Mr. Hallam currently serves as director, President and CEO of Platinum Group Metals Ltd.
Mr. Hallam is a Chartered Professional Accountant, Chartered Accountant (1993), was formerly an auditor in the public Mining Practice of Coopers & Lybrand (now PriceWaterhouseCoopers) and holds a Bachelor of Business Administration from Simon Fraser University (1990).
Pierre Lebel, MBA, LLB
Director
Chairman of Imperial Metals Corp. since 2003, and was its prior President from 1986-2003. Mr. Lebel has extensive experience in managing public companies and has served as a director of a number of public companies. In 1998 he was the recipient of the E.A. Scholz Award for excellence in mine development in British Columbia.
Mr. Lebel is a director of Home Equity Bank and the Business Council of British Columbia, and a former director of the Mining Association of British Columbia and the Mining Association of Canada. He holds an MBA from McMaster University and an LLB from the University of Western Ontario. He holds an MBA from McMaster University and an LLB from the University of Western Ontario.
Priscila Costa Lima, B.B.A. CPA, CMA
Director
Ms. Costa Lima occupies the position of Director of Finance and Administration of Mangrove Lithium and is on the board of South Star Battery Metals Corp. In the past, she held the positions of Chief Financial Officer of Bron Media Corp., Chief Financial Officer of Oro Gold Resources Ltd., Chief Financial Officer of Marlin Gold Mining Ltd. and Finance Director of Force Four Entertainment. A CPA, CMA, Ms. Costa Lima holds a BBA in Finance with a Joint Major in Economics from Simon Fraser University.
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West Vault Mining Inc.
Suite 838 – 1100 Melville Street
Vancouver, BC
Canada V6E 4A6
[email protected]
Qualifying Statements
For readers to fully understand the information in this independent media, they should read the 2023 Pre-feasibility Study, which has been prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) (available on www.sedar.com), in its entirety, including all qualifications, assumptions, limitations and exclusions that relate to the information set out in this independent media. The 2023 Pre-feasibility Study is intended to be read as a whole, and sections should not be read or relied upon out of context. The technical information in this independent media is derived from, and subject to the assumptions and qualifications contained in, the 2023 Pre-feasibility Study.
Qualified Person for This Independent Media
Sandy McVey P.Eng., Chief Executive Officer and Chief Operating Officer for West Vault Mining, as a non-independent Qualified Person as defined in NI 43-101, has reviewed and approved the technical information disclosed in this independent media.
Disclaimer for Forward-Looking Information
This independent media may contain forward-looking information or forward-looking statements (collectively “forward-looking information”) within the meaning of applicable securities laws. All statements that are not statements of historical fact are forward-looking statements. Forward-looking statements in this email include, without limitation, statements regarding the potential economic performance of the Project based on the 2023 Pre-feasibility Study, the Company’s ability to obtain any additional permits required to commence and complete construction and perform operations, the Company’s ability to obtain funding on reasonable terms, and the potential identification, execution, and realization of accretive opportunities. Although West Vault Mining believes that such information as set out in this independent media is reasonable, it can give no assurance that such expectations and estimates will prove correct. West Vault Mining cautions investors that any forward-looking information provided by West Vault Mining is not a guarantee of future results or performance, and that actual results may differ materially from forward-looking information as a result of various factors. The reader is referred to West Vault Mining’s public filings for a more complete discussion of such risk factors and their potential effects; these may be accessed through the Company's profile on SEDAR at www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
Note to US Investors
This independent media has been prepared in accordance with the requirements of the securities laws in effect in Canada, which differ from the requirements of United States securities laws. The terms “Mineral Resource”, “Indicated Mineral Resource” and “Inferred Mineral Resource” are defined in and required to be disclosed by NI 43-101. However, these terms are not defined terms under SEC S-K 1300 and are normally not permitted to be used in reports and registration statements filed with the SEC. In addition, the terms “Mineral Reserve”, “Probable Mineral Reserve” and “Proven Mineral Reserve” are also defined in NI43-101 and not S-K 1300. Investors are cautioned not to assume that all or any part of an “Indicated Mineral Resource” or “Inferred Mineral Resource” will ever be upgraded to a higher category or converted into Mineral Reserves in accordance with S-K 1300. “Inferred Mineral Resources” have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of Feasibility or Pre-feasibility Studies, except in rare cases. Investors are cautioned not to assume that all or any part of an Inferred Mineral Resource exists or is economically or legally mineable. Disclosure of “contained ounces” in a Mineral Resource is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute “Reserves” by SEC S-K 1300 standards as in-place tonnage and grade without reference to unit measures. Accordingly, information contained in this independent media contains descriptions of West Vault Mining’s mineral deposits that may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements under the United States federal securities laws and the rules and regulations thereunder.
