Corporate Vision

Pancon aims to be a leading battery metals explorer and developer, focusing on commodity, geology, location, timing and people:

  • Developing Ni-Co-Cu projects with established resources or near producing/former mines in proven mining districts
  • Projects in low-risk regions with pro-mining local government, communities and excellent infrastructure
  • Nickel, cobalt and copper are all in strong demand due to electric vehicle and battery demand growth
  • Technical and management teams with demonstrated record of discoveries in the mining industry

Why Battery Metals in Ontario?

  • Nickel, cobalt and copper are all in strong demand due to electric vehicle and battery demand growth
  • Cobalt prices increased 120% in 2017, and cobalt is forecast to experience up to a 4,500% surge in global demand from now to 2030*
  • Cobalt, primarily mined as a by-product of nickel and copper, is important as a key input for rechargeable batteries, and thus electric vehicles
  • A laptop computer contains approximately one ounce of cobalt, while an average electric car battery typically contains more than 30 pounds of cobalt*
  • Nickel and copper are also essential to battery and electric vehicle production
  • Global electric vehicle sales were about 2 million units in 2016, and annual sales are expected to grow to 20 million by 2020, and to 70 million per year by 2025**
  • Ni-Cu mines produce Co as by-product. Canada hosts major Ni-Cu mining camps, i.e. Sudbury, Ontario
  • Ontario’s Montcalm Gabbro Complex is highly prospective and underexplored

 Source: * Bloomberg    ** International Energy Agency

Why gold in the Carolinas?

  • The first ever gold rush in the United States began in South Carolina in the 1820s.
  • The Carolina Gold Belt, including our Jefferson Gold Project, are underexplored.
  • The nearby Haile gold mine, owned by OceanaGold, has 3.46moz reserves and 4.35moz resources, and AISC guidance of US$600-650/oz sold.
  • The Jefferson Gold Project is bounded on the west by the former Brewer gold mine, which mined 12 million tonnes of oxide ore in the 1990s, and contains an under-explored high sulfidation deposit.
  • Our team possesses extensive regional geological knowledge and exploration experience.
  • Exploration and mining is generally on private land and can be more commercially attractive than in the western states where most land is federally owned.
  • The Carolinas are mining and business friendly, as well as hosting an active industrial minerals mining base.
  • We believe the Carolinas are a prime location for a new gold rush in the United States.