Benjamin Hill Mining Corp ($BNN.CN): Unveiling a Junior Mining Marvel in Yukon's Alotta Copper/Gold Project /AION’s Fully Permitted Colombian Coal Project

John Fahmy
February 27, 2024

By John Fahmy, Junior Mining Speculator 

Greetings fellow champions of the mining frontier! Today, let's embark on an exhilarating journey into the heart of the central Yukon Territory with Benjamin Hill Mining Corp ($BNN.CN). Under the strategic guidance of Mr. Cole McClay, this junior mining dynamo has been quietly crafting its own narrative over the years. 

The Alotta Project: A Tale of Ambition and Paydirt Dreams 

Imagine a stage where the Alotta Copper/Gold/Moly project takes the spotlight, mere strides away from the illustrious Casino Project. We're not just talking about any mining venture; we're diving into the Alotta, a project led by the very minds that laid the foundation for the Casino's early success. The drill camp is buzzing, and the first few holes have assays pending, literally – porphyry style mineralization, multiple intrusive phases, and sulfide concentrations reaching up to 5% shown from grab sampling campaign. On November 28th, 2024, BNN announced “the completion of two inaugural diamond drill holes and the discovery of porphyry style mineralization at the Alotta copper-gold-molybdenum project in the west-central Yukon”. The first two holes tested the south-central portion of an induced polarization, chargeability high with coincident copper and gold in soil anomalies. The drill program is proposed to continue in May 2024. Lorne Warner, President of Benjamin Hill Mining Corp., states: "I was on site during the drilling of both holes and observed most of the core. Disseminated and fracture-controlled mineralization in the form of pyrrhotite, pyrite, chalcopyrite and molybdenite mineralization was observed throughout both holes with total sulfide concentrations up to 5% over extensive core lengths. The exception being a quartz vein in hole ALT-23-002 with semi-massive pyrrhotite with traces of chalcopyrite. Both holes were terminated in mineralization, therefore casing was left in both holes to facilitate extending them this spring if required. When the drill program continues in May the company will focus on four large "Bull's Eye" areas of high copper, gold and molybdenum concentrations in soil samples coincident with geophysical anomalies." That's the kind of paydirt dreams are made of! 

Key Points about the Alotta Project 

  1. Similar geological setting to the Casino deposit intrusive complex. The Casino deposit as per Western Copper, June 22, 2021, news release announced a PEA outlining the deposit to host 2.17 billion tonnes of measured and indicated resources contains 7.4 billion lbs. of copper and 12.7 million ounces of gold. Insitu Gold/Copper/Molybdenum in-soil geochemical anomalies over 4.0 X 1.0 kilometers is larger than the current resource area of the Casino deposit. 
  2. Magnetic depletion, High total potassium counts from a radiometric survey and Induced Polarization survey results coincides with anomalous geochemistry of gold/copper in soils indicating the occurrence of a large, porphyry related hydrothermal system. 
  3. The first two drill holes both confirmed a large, multiphase, porphyry system, bearing copper and molybdenum mineralization. All split core samples will be analyzed by ALS Laboratories. Assay results are pending. 
  4. Management of project by Archer Cathro and Associates, the same company responsible for previous Casino exploration. Archer Cathro, in consultation with Benjamin Hill geologists defined the targets for drill testing. 

A Symphony of Diversity with Aion Mining Corp 

Beyond the Yukon, BNN is strategically diversifying its portfolio. A recently announced Letter of Intent (LOI) with Aion Mining Corp opens doors to a 40% acquisition in Aion, the proud owner of the La Estrella coal mining project in Colombia. The La Estrella project, fully permitted and on the brink of production, presents a promising revenue stream for BNN within 6-8 months: 

  • Fully permitted and environmental licence granted for movement of 15,000 tons/month (180,000 tons/year), with the ability to expand to 30,000 tons/month through a bulk sampling program . • Arrangements in place to sell 100% bulk sample to top coal buyers through offtake agreement. • High quality coal - 50% High Volatile Coking, 50% Thermal – that exceeds the national benchmark of gross calorific value. • Experienced management and technical team in place working to finalize the mine plan. 
  • Aion's private funding activities developed during 2023 has provided all land payments and commitments to be paid, allowing any further funding to go directly into putting the project into production. 

Not to mention, Colombia has brewing energy shortages. Colombia consumes 11.3 million mtof thermal coal per year. They produce 99 million mt of coal per year. The grade of which is in decline. BNN’s coal is high grade, so it can blend with these lower grade struggling resources. Colombia is also home to deep water ports where most of their coal is shipped to China + India (KilconaVC, 2024) 

China continues to permit and add more coal power plants. In 2022 alone 106 GWh of new plants were permitted. To give you an idea how much that is, the province of Manitoba produces 6.1 GWh of electricity per year. So, China permitted 17x Manitoba’s in terms of coal burning power assets in 2022 alone. Insane, isn’t it? $BNN’s coal assets are not far from a deep-water port and can easily be shipped into global markets from proceeds harnessed through a bulk sampling campaign. 180,000 ton per year permitted bulk sampling program that could be pushed to 2-3x in capacity in a 6-month permitting process. At 500kt/yr. output and $50/t profit, that’s $25m/year USD profit and cashflows of $60m+ USD (KilconaVC, 2024) 

Key highlights of the La Estrella project include, and a commitment to high-quality coal meeting national benchmarks. The fact that 56M out of the 61M shares outstanding are held firmly in strong hands indicates a robust investor base. 

Key Additions to the Board 

On the morning of January 23rd, 2024, Benjamin Hill Mining announced the appointment of Russel Ball as Senior Advisor, former EVP and CFO of Newmont Mining and Goldcorp. Russell Ball comments: "I look forward to working with Cole and the team to advance the two projects in the Company's portfolio. In particular, the La Estrella project in Colombia is an exciting project with an extremely high rate of return that is expected to be revenue-generating and free-cash flow positive in less than twelve months' time." 

A few weeks following that announcement on February 8th, 2024, BNN announced the appointment of coal industry expert, Matt Warder as strategic advisor. CEO, Cole McClay comments: "The addition of Matthew's expertise in specific coal industry analysis, provides a strategic boost to the Company. His extensive experience will give Benjamin Hill a focused advantage as the company seeks to enter the global coal industry." 

Discoveries, Drills, Dollar Signs, and a Market Waltz 

BNN's announcement of porphyry-style mineralization at Alotta through its drilling program is a testament to the company's commitment to exploration and innovation. The initial results, confirming the presence of copper porphyry style mineralization with multiple intrusive phases and sulfide concentrations up to 5%, have sparked enthusiasm within the industry. 

Furthermore, the financial prudence exhibited by securing private funding for land payments and commitments for La Estrella indicates a strategic approach to project development, with a focus on minimizing external financial dependencies. The recent showings at Alotta is the spotlight moment – porphyry style copper mineralization, a sneak peek into a blockbuster movie. Assays are currently pending. 

But the excitement doesn't end there. Keep your eyes on the market waltz, especially the developments in comparable coal companies like $AMR, $METC, and $CEIX. These mining virtuosos have seen remarkable price surges, a testament to the growing allure of the sector. BNN.CN, in sync with this melody, is poised to ride the wave of renewed investor interest in mining stocks. 

And let's not forget the financial sonnet composed by Aion's La Estrella project. It's not just a coal mine; it's a potential cash cow. 

Metallurgical Coal on the Rise: A Global Overture 

In an intriguing subplot, the International Energy Agency (IEA) predicts a surge in metallurgical coal imports by 2026, with India taking center stage due to its burgeoning industrialization. This global overture aligns seamlessly with BNN.CN's diversified approach, positioning itself strategically amid evolving international trade dynamics. 

Conclusion: BNN.CN – A Junior Mining Symphony Unfolding 

As BNN.CN continues its journey of exploration, development, and strategic acquisitions, the horizon looks promising. The Alotta project's potential, coupled with the diversification into coal mining through the La Estrella project, positions Benjamin Hill Mining Corp as a key player in the resource sector. 

Investors seeking exposure to a company with a proven leader, a solid track record, and a portfolio spanning from the Yukon's mineral-rich grounds to Colombian coal mines should keep a watchful eye on BNN.CN. The ongoing drilling program, the recent LOI, and the visionary leadership suggest that Benjamin Hill Mining Corp might be on the verge of unveiling significant value for its stakeholders in the very near future. 

The drills are turning, the rocks are whispering, and BNN.CN is gearing up for an encore. Excitement, potential, and a dash of risk – that's the melody of junior mining. Here's to Benjamin Hill Mining Corp, the rising star in our junior mining galaxy! 

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