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Cygnus promotes highly experienced engineer to lead economic studies - Cygnus Metals (OTC:CYGGF)
Nick Kwong, promoted to CEO, brings 20 years of mining experience to lead resource growth and feasibility study for Chibougamau, with focus on updated economic assessment.
- On Oct. 26, 2025, Cygnus Metals Limited announced Nick Kwong's promotion from Chief Operating Officer to President and Chief Executive Officer.
- The company has positioned exploration and resource growth at the core, pursuing a dual strategy led by Duncan Grieve, VP Exploration & Corporate Development, with Kwong bringing 20 years of global mining engineering experience.
- Leading the PEA update, Nick Kwong is working with Ausenco to include resource growth, the high-grade Golden Eye deposit, and assess refurbishing the existing 900ktpa processing plant.
- Following the update, the company will pivot to feasibility and environmental approvals, while Ernest Mast, Managing Director, transitions to Non-Executive Director to retain local community and First Nations ties.
- The Preliminary Economic Assessment is at scoping study level and inherently uncertain; it relies on Measured Mineral Resources 1.17%, Indicated Mineral Resources 32.10%, and Inferred Mineral Resources 66.73%, and Cygnus is withholding PEA outcomes per ASX and ASIC guidance.
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Total News Sources14
Leaning Left10Leaning Right2Center2Last UpdatedBias Distribution72% Left
Bias Distribution
- 72% of the sources lean Left
72% Left
L 72%
14%
14%
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