The company is focused on 2 projects: the high-grade Martiniere gold system and the large H3 (Grasset) nickel-copper-PGE discovery (see map below). What I like very much is that the La Martiniere deposit is located just 40 km from Detour Gold’s Detour Lake Mine, which has a production of 650k gold ounces per year and 16 million ounces of gold reserves. So there is a high chance that a partnership could materialize between Detour Gold and Balmoral Resources. There are examples of such partnerships where a producing mine buys the exploration company and hands out royalties: see my article on Golden Arrow Resources (GARWF). Other than Detour Gold, we have Hecla’s Casa Berardi mine in the western part of Quebec and Glencore’s Matagami mine to the east. So there are plenty of partnership and financing possibilities.
Read further here.