Rubicon Minerals Corporation is an advanced gold exploration company that owns the Phoenix Gold Project, located in the prolific Red Lake gold district in northwestern Ontario, Canada. Additionally, Rubicon controls the second largest land package in Red Lake consisting of over 285 square kilometres of prime, strategic exploration ground, and more than 900 square kilometres of mineral property interests in the emerging Long Canyon gold district that straddles the Nevada-Utah border in the United States. Rubicon’s shares are listed on the Toronto Stock Exchange (RMX) and the OTCQX markets (RBYCF).
Rubicon benefits from more than C$770 million in sunk capital, which includes significant existing infrastructure such as an 1,800 tpd mill (permitted for 1,250 tpd), tailings management facility, water treatment plant, all the necessary earth works and civil works, a 730-metre deep shaft and hoisting system, and more than 14 kilometres of underground development.
In 2019, Rubicon delivered a robust New Preliminary Economic Assessment for the Phoenix Gold Project, which demonstrates an after-tax IRR and NPV5% potential of 40.2% and C$135.2 million, respectively, using a US$1,325/oz gold price assumption. In early 2020, Rubicon delivered an updated Mineral Resource Estimate of 811,000 ounces in the Measured and Indicated category and 464,000 ounces in the Inferred category, providing the Company with enough Measured and Indicated ounces to advance the Phoenix Gold Project to a Feasibility Study, which is scheduled to be delivered in the second half of 2020. For more information, please visit our website at www.rubiconminerals.com