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  • Rubicon Minerals Phoenix Gold Project: Rising from the Ashes

Rubicon Minerals Phoenix Gold Project: Rising from the Ashes

  • 07 Jan 2020
  • 4:00 PM - 6:00 PM
  • 2nd Floor, 20 Toronto St, Toronto, ON M5C 2B8
  • 1

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George Ogilvie, President and CEO, Rubicon Minerals Corporation

Speaker Biography:

Mr. Ogilvie is a Professional Engineer, with more than 30 years of management, operating, and technical experience in the mining industry. Previously, George was the CEO of Kirkland Lake Gold Inc., where he and his team improved operations at the Macassa Mine and elevated the company’s profile with the acquisition of St. Andrew Goldfields. Prior to this, Mr. Ogilvie was the CEO of Rambler Metals and Mining PLC, where he and his team guided the evolution of the company from grassroots exploration to a profitable junior producer. Mr. Ogilvie began his mining career in 1989 with AngloGold in South Africa working in the ultra-deep, high-grade, gold mines in the Witwatersand Basin. In 1997, he was the Mine Superintendent at the Ruttan Mine in Northern Manitoba for HudBay Minerals Inc. (formerly Hudson Bay Mining and Smelting Co. Ltd.). In 2004, George joined Dynatec Corporation as their Area Manager for the Sudbury Basin and later worked at the McCreedy West Mine as Mine Manager. In 2007, George joined Rambler as Chief Operating Officer, later becoming President and CEO. Mr. Ogilvie received his B.Sc. (Hons.) in Mining and Petroleum Engineering from Strathclyde University in Glasgow, Scotland (1989) and holds his Mine Managers Certificate (South Africa).

Talk Abstract:

Rubicon Minerals Corporation is an advanced gold exploration-stage company that owns the Phoenix Gold Project, located in the prolific Red Lake gold district in Northwestern Ontario, Canada. Also holds a large package in Red Lake, consisting of over 285 square kilometres of prime, strategic, exploration ground in Red Lake and over 900 square kilometres of mineral property interests in the emerging Long Canyon gold district that straddles the Nevada-Utah border in the United States.

In early 2016, after nearly C$770M spent in exploring, building, and test mining at the Phoenix Gold Project, the geological structural interpretation for the deposit turned out to be more complex than previously anticipated, which led to the downward revision of the mineral resource estimates by 90%. Interestingly, during the same period, Goldcorp experienced complexity in the geological structural interpretation of the Cochenour Project in Red Lake, where mineral resource estimates were also revised lower than previously estimated.

After a decision to shut down operations at the Phoenix Gold Project due to its geological complexity, Rubicon launched a strategic review process in 2016 to evaluate alternatives on the best path forward. This process ultimately led to the Company entering into the “Companies Creditor Arrangement Act” and emerged with a plan and a new CEO with a vision to turnaround the Phoenix Gold Project. Mr. Ogilvie joined Rubicon in late 2016 with the goal to turnaround the Project and advance it towards commercial production in the Red Lake Camp. Mr. Ogilvie will explain the steps the Company took over the last couple years to de-risk and bring credibility back to the Phoenix Gold Project, which recently featured a New PEA and updated Mineral Resource Estimate, and is on-track to deliver a Bankable Feasibility Study in the second half of 2020.

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Special thanks to Rubicon Minerals for sponsoring the networking session!


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