
EraNova Metals CEO Meredith Eades joined Steve Darling from Proactive to provide an update on the company’s Ruby Creek Project, a large-scale asset that combines a past-producing-stage molybdenum development project with significant polymetallic exploration potential. Eades explained that the 30,000-hectare property is anchored by a substantial molybdenum deposit that had previously advanced through feasibility studies, permitting, and into the construction phase before being halted during the 2008 global financial crisis. As a result, the project benefits from extensive legacy work, including approximately 70,000 metres of historical drilling, existing infrastructure, and a wealth of technical data that provides a strong foundation for redevelopment. The company is now focused on updating the economic profile of the molybdenum asset and is in the final stages of preparing a preliminary economic assessment (PEA) based on a 2022 mineral resource estimate. Eades indicated that the ...