Interview with Morgan Poliquin, President & CEO of Almadex Minerals Ltd.

Our previous interview: https://www.cruxinvestor.com/posts/almadex-minerals-tsxvdex-junior-explorer-targets-blind-copper-gold-porphyries-across-western-us-6553

Recording date: 17th July 2025

Almadex Minerals (TSXV:DEX) represents a unique proposition in the junior mining sector as a proven prospect generator with a systematic approach to early-stage exploration. Led by CEO Morgan Poliquin, a geological engineer with PhD-level expertise from the University of Exeter's Camborne School of Mines, the company has achieved what over half of exploration companies never accomplish: making actual discoveries.

The company's track record includes three major discoveries over 15 years, including the Caballo Blanco discovery that drove the stock to over $2, the successful one-hole Ixtaca discovery in 2010, and the El Cobre copper-gold porphyry discovery in 2016. This success stems from Almadex's focus on magmatic hydrothermal systems, specifically porphyry copper-gold deposits that produce 80% of the world's copper and 25% of its gold.

Almadex's competitive advantage lies in its operational capabilities and scientific approach. The company owns six diamond drill rigs, providing cost advantages and operational flexibility that enables rapid decision-making and efficient first-pass drilling. Rather than becoming wedded to individual projects, management employs a "drill to kill" philosophy, quickly moving on from prospects that don't meet geological criteria.

The company's geological thesis centers on exploring buried porphyry systems beneath alteration zones or "lithocaps" in the western United States. As Poliquin explains, "What you have to do now is look under cover," targeting hidden deposits as traditional surface discoveries become exhausted.

With $12-13 million in cash plus an expected $8 million settlement, Almadex is well-capitalized for systematic drilling across multiple Nevada properties over the next 18 months. This strong financial position, combined with proven discovery capabilities and exposure to copper's growing demand fundamentals, positions the company as a compelling opportunity in the early-stage exploration space.

View Almadex Minerals' company profile: https://www.cruxinvestor.com/companies/almadex-minerals

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