Couloir Capital is Pleased to Announce That it Has Initiated Research Coverage on Canstar Resources

Core Insights - Couloir Capital has initiated research coverage on Canstar Resources Inc. (TSXV: ROX), focusing on potential large VMS and gold deposits in Newfoundland and Labrador, Canada [1] Company Overview - Canstar Resources Inc. is highlighted in Couloir Capital's report, which emphasizes the historical production of the Buchans mine, including over 2 million tons of zinc, over 1 million tons of lead, over 200,000 tons of copper, more than 60 million ounces of silver, and over 700,000 ounces of gold [1] - The report estimates the nominal value of mined metal from the Buchans mine to exceed US$ 19 billion, with an average value of one tonne of ore mined being almost US$ 1,200 in today's price environment [1] Financial Metrics - The report calculates payable metal assumptions: 80% for zinc and lead, 90% for silver, and 95% for copper and gold, which contribute to the overall valuation of the mined resources [1] - The average value per tonne of ore is noted to be sufficient to cover cash costs of modern underground operations while providing a healthy profit margin [1]