Coffee with Samso Episode 68 with Allan Kelly, Managing Director of Miramar Resources Ltd (ASX:M2R)
Allan Kelly has created wealth for shareholders before and he is back again with Miramar Resources Limited.
Allan Kelly is a guy who has done a Miramar before and took the then company Doray Minerals Limited (ASX:DRM) from being an explorer to a producer. There have been many other stories that fit this bill but when I met him at a Diggers and Dealers several years ago, I was impressed with the story of Doray.
When I notice Miramar Resources, I was immediately fascinated with the projects. I was thinking that the Gidji project was a "postage stamp" (headline reader) project. Why would someone like Allan Kelly bother with this? I also heard that the IPO was oversubscribed and it did well post IPO when it got listed in October 2020.
As soon as this Coffee with Samso was confirmed, I was keenly anticipating a great conversation.
Well, to say the least, this has turned out to be one of the best conversations about exploration and why exploration can add value to a company faster and greater than most investors would realise.
In this episode of Coffee with Samso, Allan shares with us the value of exploration. He tells about how many times he has seen good exploration creating so much value for shareholders. Most importantly, he gives a great conversation of the projects in Miramar and why Gidji is such a great project.
This is a great conversation about why people like me love exploration. I think it is the same feeling that any explorers or travellers get when they have that sensation of seeing new things and realising the discovery is upon their sights.
About Allan Kelly
Mr. Kelly is a geologist and manager with over 25 years’ experience in mineral exploration, development and production throughout Australia and the Americas.
Mr. Kelly graduated in 1994 with a Bachelor of Science (with honours) in Applied Geology from Curtin University. He has been involved in targeting early-stage exploration of gold, nickel and copper deposits in Australia, Alaska and Canada and has previously held senior exploration positions within Western Mining Corporation and Avoca Resources Limited. He has also served as an Executive Director of Riversgold Ltd and a non-executive director of Alloy Resources Ltd.
In 2009, Mr. Kelly founded Doray Minerals Limited, which listed on the ASX in early 2010. Under Mr. Kelly’s management, Doray discovered the high-grade Wilber Lode gold deposit within the Andy Well Project in the Murchison Region of Western Australia, which moved from discovery to production within three and a half years, and subsequently funded, constructed and commissioned the Deflector Gold-Copper Project within 14 months of completing the takeover of Mutiny Gold Limited in 2014.
In 2014, Mr. Kelly was awarded the Association of Mining and Exploration Companies (AMEC) ‘Prospector Award’, along with Doray’s co-founder Mr. Heath Hellewell, for the discovery of the Wilber Lode and Andy Well gold deposits.
Mr. Kelly is a Fellow and Former Councillor of the Association of Applied Geochemistry (AAG), a Member of the Australian Institute of Geoscientists (AIG) and a Member of the Institute of Brewing and Distilling (IBD).
About Miramar Resources Limited (ASX:M2R)
Miramar Resources Limited is a Western Australian focussed mineral exploration company with projects in the Eastern Goldfields, the Murchison and Gascoyne regions. The portfolio of exploration projects has high potential for new gold discoveries within trucking distance of existing operations and for the discovery of nickel-copper-platinum group element (PGE) mineralisation.
Miramar aims to create shareholder value through discovery and the Board has a proven track record of successful discovery, development and production.
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