Mt Dimer - A Path to Self-Funding?
Coffee with Samso Episode 53 with Ian Warland, CEO of Twenty Seven Co. Limited (ASX: TSC)
What is Ian Warland thinking behind the acquisition of Mt Dimer Project?
Management is making moves that will support shareholder value in what is a volatile market.
When I looked at Twenty Seven Co. earlier this year, I got interested in the extensive greenstone belt that made up the Rover Project. Everyone knows that the exploration sector is all about being in a marathon as opposed to being in a sprint.
The acquisition of Mt. Dimer is a piece of the puzzle that tells me that management is thinking in the right space. To me, Mt. Dimer is all about the potential of creating a path to production. If this was achieved, the company would be almost self-funding.
The exploration upside that exist in the other projects would compliment each other very well.
In this episode of Coffee with Samso, we have Ian Warland sharing with us the strategy of the company. He tells us about the thinking behind the acquisition of the Mt Dimer project and the exciting exploration results from Harmonic and Creasy 1 prospects within the Rover Project.
Rover’s footprint has expanded form a single tenement to three, covering a total of 461 square kilometres and 140 kilometres of prospective greenstone belt.
Read between the lines of what is at play with the spread of projects within Twenty Seven Co., and you can tell that management is cooking up a good story.
The gold market will remain buoyant and go through its ups and downs. What is important for investors is to understand what companies like TSC is doing and creating value for shareholders.
About Twenty Seven Co. Limited (ASX: TSC)
Twenty Seven Co. Ltd (ASX:TSC) is an Australian company exploring for economic deposits containing base and precious metals in highly prospective areas within stable jurisdictions.
Formed in August 2018, after acquiring Nomad Exploration Ltd along with several highly prospective exploration projects in Australia, the company changed its name from Uranium SA to Twenty Seven Co. Limited.
TSC's CEO Ian Warland, and along with the board of directors makes an experienced team with a proven track record from exploration discovery, through to development and mining operations.
Twenty Seven Co’s has several highly prospective projects in Australia.
In Western Australia, TSC is exploring for Archean Gold, Volcanic Massive Sulphide mineralisation (VMS) and nickel sulphides at its Rover Project in the Archean Greenstone Belt.
The world famous Broken Hill Block in New South Wales is host to the massive Broken Hill Lead, Zinc deposit and the Thackaringa Cobalt deposit (ASX:COB). Twenty Seven Co. (TSC) has two 100% owned NSW projects – Midas and Perseus, which are targeting the prospective Thackaringa Group Rocks for copper/cobalt mineralisation.
About Ian Warland
Chief Executive Officer
Ian is a highly experienced and successful geologist with 25 years’ experience in Australia and overseas.
This includes recent experience as Site Supervisor for Cobalt Blue’s Thackaringa Joint Venture, at Broken Hill in NSW. This role has given Ian an excellent understanding of the cobalt endowment of the Broken Hill region, where Twenty Seven Co. (the Company) has secured two large cobalt-prospective Exploration Licences via the acquisition of Nomad Explorations Pty Ltd (Nomad). Shareholder approvals relating to the Nomad acquisition are being sought at the Company’s Extraordinary General Meeting tomorrow, 27 July 2018.
Ian was joint recipient for Explorer of the Year in 2006 for the discovery of the Jacinth and Ambrosia zircon-rich mineral sand deposits for Iluka Resources Ltd, and subsequently led the team at Iluka which discovered over 20 million tonnes of heavy mineral sands within the Eucla Basin in South Australia. Ian was also an integral part of the development team that resulted in the Jacinth Ambrosia mine commencing within five years of discovery.
Ian has also worked in open pit and underground base metals mining, and explored domestically and internationally for cobalt, copper, gold, uranium, base metals, lithium and industrial minerals.
Ian completed a Bachelor of Applied Science Geology with First Class Honours from the University of Technology Sydney, and won the University Medal for his outstanding academic efforts. He also has an Associate Diploma in Environmental Control from Charles Sturt University, and a Graduate Diploma in Applied Finance and Investment from the Securities Institute in WA.
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