Rooster Talk Episode 52 with Allan Kelly, Executive Chair of Miramar Resources Limited (ASX: M2R) is a great revelation of how investors should look at projects, and how companies do mineral exploration.
Exciting times are coming for Miramar as they are slowly revealing the potential jewels in their project portfolio. The consistent drilling results coming out of the Gidji project are showing signs of a slow development that is turning out to become a valued proposition.
As exploration continues, Allan believes that the Gidji project is a new mineral camp with a vast array of geological formations and mineralising tectonic settings.
The recent geophysical results from the Mt Vernon project in the Bangemall is creating a lot of opportunities for Miramar. The company has now new targets being generated which they will interpret and start more surveys to vector drill targets.
The third major project that is now looking at unlocking its secret is the Whaleshark project. In this Rooster Talk, Allan gives us an in-depth discussion of all these topics.
I believe that the Gidji project is now a new mineral camp that sits between Kalgoorlie and Paddington.
Chapters
00:00 Start
00:15 Introduction
00:53 Allan updates.
04:58 The development of Gidji into a monster project.
07:34 Why Gidji is going to be a Camp.
09:08 Taking stock of what is in Gidji - This is why Gidji is a Camp.
09:50 The first systematic exploration at Gidji.
10:25 KCGM actively drilling at Runway - 280m @ 1g/t.
11:41 KCGM has been drilling for two months - Something must be happening.
14:52 Gidji is strategically placed for corporate and discovery activities.
15:28 Bangemall Project - Mt. Vernon - Its History and Why it´s Prospective.
16:47 The Craton Margin Factor.
18:24: The Discovery of the Atlas Ni-Cu-PGE occurrences.
23:04 The EM response at Mt. Vernon - What it means for Investors.
25:30 The Interpretation of the geophysical data - How it is done.
26:30 How significant are these anomalies?
28:26 How do we interpret the intensity of the anomalies?
29:35 The three important requirements for discovery.
31:00 John Hronsky and the importance of deep lithospheric structures.
32:14 The Whaleshark Project - A Geological Reason on the High Prospectivity.
43:11 Miramar is now becoming a Three Project company.
46:32 The way of Good Mineral Exploration.
49:04 Conclusion.
PODCAST
About Allan Kelly
Executive Chairman
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 focused 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.
Disclaimer
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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