Coffee with Samso Episode 164: Exploration work has begun at the Bangemall project and it's starting to come up with very interesting results. Allan Kelly, Executive Chair of Miramar Resources Limited (ASX: M2R) narrates this story.
When we did the first episode of Coffee with Samso with Miramar Resources, I liked the Bangemall and Whaleshark projects. To me, these two had potentially a big pay day if the results came out well. The plan at that time was always to begin activities at these projects but the focus was at Gidji.
This episode of Coffee with Samso is all about the Bangemall. In some ways, the Bangemall is the western end and the Whaleshark project is the eastern end members of the Gascoyne/Ashburton complex, respectively. This region has been a neglected part of the Western Australian mineral exploration world till about 12 months ago.
The reason I am interested in these projects is that they lie in these mobile belts that have hosted many mineral deposits. For those people who have been following the Samso series of videos, you will have come across the many conversations about finding great deposits in regions once neglected.
The Bangemall and Whaleshark projects are another example. If you had watched the earlier conversations with Allan Kelly, you would have heard him talking about the reasons why he picked these projects.
The recent market darling has been dealing with the discovery of Rare Earths in clays. I have made several comments about the need to differentiate between potential economic discoveries and a discovery. In the case of the guys in the Gascoyne-Ashburton region, they are looking for hard rock versions. They are looking for carbonatites or equivalents.
Companies have projects and they must choose the one that gives the company the greatest value. This is one of the best traits of good management. One should never fall in love with the projects. If there is a favorable outcome for the company, the strategy must allow for divestments.
Check out the episode and always, DYOR.
00:46 Miramar market cap.
01:24 The Bangemall Ni-Cu-PGE / Carbonatite project.
10:44 What do the uranium-thorium anomalies mean?
12:20 Bangemall - a Misunderstood Mineral System ?
16:08 A big cooking system with possibilities of other commodities.
23:19 Updates on the Eastern Goldfields Projects.
27:41 Lake Systems.
37:34 Whaleshark, Bangemall and Gidji.
40:47 News flow.
44:10 How do you want investors to see Miramar moving forward?
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 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.
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