• Noel Ong

Matador Mining Limited (ASX: MZZ) is building a Mining Portfolio.

Rooster Talk Episode 56 is with Sam Pazuki, the new Managing Director/CEO and Ian Murray, Non-Executive Chair of Matador Mining Limited (ASX: MZZ)

Building a Mining Portfolio: The Exploration Focus of Matador Mining

This episode of Rooster Talk is all about Sam Pazuki, the Managing Director and CEO of Matador Mining. Sam comes from an experienced background with Oceania Gold Limited (ASX: OGC : TSX: OGC), a very successful gold miner. I like this move, and as I have said in my previous comments, Matador is a gold miner in the making.

The Cape Ray project is 120km in length and has a resource of over 800,000 ounces which is destined to grow over time.

In this episode, we get to hear what Sam's vision is for Matador. We also hear from Ian Murray, Non-Executive Chair, who shares his thoughts on the new member of the board and the new CEO.


00:00 Start

00:20 Introduction

00:52 Ian Murray introduces Sam Pazuki as the new CEO.

01:53 Self-intro by Sam Pazuki.

06:07 Looking at Gold Road No. 2 in the making and the handover transition.

08:18 Sam's smooth transition period into MZZ.

12:00 What is the prize for Matador?

17:11 The importance of structural geology.

17:55 The right strategy.

19:01 Thoughts on the Hermitage Project.

19:33 Quick update on Matador.

21:38 Ian´s involvement in MZZ.

23:10 Sam on market expectation.

25:10 Conclusion


About Sam Pazuki

Professional Engineer with a Masters in Finance who has broad based experience with three extraordinary, well-respected global companies. During his employment with each of these companies, he was a valued contributor from strategy through to execution while they went through a period of transformational growth. In these dynamic work environments, he worked collaboratively with all levels of the organization to adapt to the major changes and effectively respond to the new needs of each business.

He is very proud of his ability and track record in building solid and collaborative relationships, by thinking strategically, knowing how to deliver positive results, communicating effectively and being a leader with a high degree of emotional intelligence.

Public speaking is both his strength and passion.

About Ian Murray

Mr Murray is a Chartered Accountant, a Member of Australian Institute of Company Directors, and holds an Executive degree in Advanced Management & Leadership from the University of Oxford, Saïd Business School. With over 25 years’ mining industry experience in senior leadership positions, including the position of Executive Chairman and Managing Director of Gold Road Resources Ltd (ASX: GOR) and DRDGold Ltd (NYSE & JSE: DRD), he has also held executive positions with international ‘Big Four’ accounting firms.

Mr Murray brings a wealth of financial, corporate, project development and operational experience to the Board and most recently led Gold Road as it transitioned from explorer to large scale gold producer. Mr Murray has been the recipient of many awards during his leadership of Gold Road, including the Gavin Thomas award for leadership, the Diggers and Dealers Deal of the year award in 2017, after winning the best emerging company award in 2011 as well as the CEO of the year award from CEO Magazine.

About Matador Mining Limited (ASX: MZZ)

Matador Mining Limited is an exploration company that is listed on the Australian Stock Exchange (ASX). The company has its main project in the south-western area of Newfoundland, Canada. The Project is about 25 km northeast of the coastal town of Port aux Basques and is located on the Cape Ray shear, one of the most prospective, yet under-explored gold regions in North America. The Company is the largest holder of ground along the Cape Ray shear, with approximately 120 km of continuous strike along the shear. The Company’s tenement boundary is located approximately 50 km along strike from Marathon Gold’s (MOZ.TSX) 4.2Moz Valentine Lake Gold Project.

The Cape Ray Gold Project

The Cape Ray Gold Project (Cape Ray or the Project) covers approximately 120km of strike along the highly prospective, yet under explored Cape Ray Shear located in Newfoundland, Canada. The Project hosts a current resource of 837,000oz Au at 2g/t Au, across four deposits, all of which are within 15km of strike.

A 2020 Scoping Study (ASX announcement 6 May 2020) highlighted that Cape Ray has the makings of an excellent gold project, with low estimated All In Sustaining Operating costs (US$776/oz Au), strong IRR (51% post Tax) and rapid payback (1.75 year).

These strong outputs were driven by the Project’s high grade, yet shallow gold mineralisation, (average head grade of 2.6g/t au during the first four years of production – 88,000oz Au per annum) that ranks the Project as one of the highest grade, undeveloped open pit projects globally.

However, prior to commencing a Pre-Feasibility Study, the Company identified the requirement to grow the Resource further to ensure the initial 7 years mine life assumed in the Scoping Study is increased. To achieve this, the Company believes a blend of expansion drilling around known deposits as well greenfield exploration to test the vast, yet under explored Project area as the optimal strategy. The Company therefore outlined the most expansive exploration program for the 2021/22 season, including:

  • 45,000 metres of diamond drilling;

  • Five power auger drill rigs;

  • 80 kilometre Heli-Mag program; and

  • Inaugural winter exploration program.



The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer.

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