Interview with Peter Van Alphen, President & CEO of Nuvau Minerals Corp.

Recording date: 11th April 2025

Nuavu Minerals is set to transform the historic Matagami mining camp in Quebec, Canada through a dual strategy of near-term production and extensive exploration across its substantial 1,300 square kilometer property. Under the leadership of President and CEO Peter van Alphen, the company is nearing completion of an earning agreement with Glencore that will grant them 100% ownership of this past-producing base metal asset.

The company plans a two-phase production approach, beginning with restarting the recently closed Bracemac McLeod mine, which contains approximately one million tons of resource with a potential to expand to two million tons. This "starter mine" would provide roughly three years of production while the company develops the Caber complex on the western side of the property. The Caber complex contains approximately 10 years of defined resources across three deposits, representing the first significant development on the western portion of the property in the camp's 60-year production history.

A key advantage for Nuavu is the relatively modest capital requirement of approximately $50 million to restart operations, including refurbishing the existing 3,000-ton-per-day mill, which they have the option to acquire for $5 million. Van Alphen estimates the total infrastructure value included in the deal at $300-400 million.

The exploration potential is equally compelling, with over 80 VMS-style deposit targets identified across the property. Perhaps most intriguing is the recently discovered gold potential, which includes what may be the highest gold grain count ever found in the Abitibi region, with over 2,000 grains of pristine gold particles per 10kg sample. The property sits on the Sunday Lake deformation zone, which hosts major gold deposits along strike.

Van Alphen brings valuable experience from FNX Mining, Lake Shore Gold, Tahoe Resources, and Premier Gold, with a track record of revitalizing past-producing mines through hands-on management. "This could be the FNX of Quebec," he notes, drawing parallels to previous successful mine restarts.

With strong community support in Matagami, a mining-friendly jurisdiction in Quebec, and a targeted production start in 2027, Nuavu is positioning itself at the intersection of near-term production potential and significant exploration upside in both base metals and gold, creating multiple potential value drivers for the company as it works to revitalize this historic mining region.

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