Coffee with Samso Episode 166 is with Mike Haynes, Managing Director and CEO of New World Resources Limited (ASX:NWC).
Just over 12 months ago, we had New World Resources Limited (ASX:NWC) with us talking about the Antler VMS project. This story has now moved through the Scoping Study stage and recently declared a larger resource.
Investors in the Australian Stock Exchange (ASX) are struggling to find a decent copper story. The last company that was not considered a major is being taken over and that is Oz Minerals Limited (ASX: OZL). Oz Minerals was no minnow so there is a big gap in the market.
The next level brings Sandfire Resources Limited (ASX: SFR) into the discussion. Aeris Resources Limited (ASX: AIS) is another "small" copper producer on this scale. From here, the discussion pretty much ends.
Here lies the opportunity to look at companies that have a long life and the potential to make the dream - to fill the imminent copper supply gap, come true. The New World Resources Limited story is a very convincing one as you watch and listen to Mike Haynes talk about the Scoping Study results and plans to bring the Antler Copper Deposit back into production.
As all investors have experienced, what is clearly obvious becomes not so clear cut as time goes by. It is this reason that I encourage readers and viewers to DYOR and seek out Mike Haynes. Send him the questions.
As I am researching New World Resources, I am struck by the great numbers coming out of the Scoping Study. This episode of Coffee with Samso is all about why the Antler project is so unique in grade and resource.
Check out this Coffee with Samso with Mike Haynes from New World Resources Limited.
Chapters:
00:00 Start
00:20 Introduction
01:16 Recap of the Antler Copper Project.
07:03 How is the geology?
09:17 Good grade numbers.
11:31 Explaining the share price to investors.
14:50 The high grade variation issue.
16:43 Scoping Study results.
17:58 How good is the Antler Copper project in terms of numbers?
24:54 Any potential hiccups?
26:46 How much movement will we see in the numbers?
30:13 Any concerns about future funding?
34:38 News flow.
36:45 Why New World Resources Limited?
37:28 Conclusion
PODCAST
About Mike Haynes
Managing Director and CEO
Mr Haynes has more than 25 years’ experience in the international resources industry. He graduated from the University of Western Australia with an honours degree in geology and geophysics and has explored a wide variety of ore deposit styles throughout Australia and extensively in Southeast and Central Asia, Africa, Europe, South and North America.
Mr Haynes has held technical positions with both BHP Minerals and Billiton plc. He has worked extensively on project generation and acquisition throughout his career. During the past 17 years he has been intimately involved in the incorporation and initial public offerings of numerous resources companies, and in the ongoing financing and management of those and other companies.
About New World Resources Limited
New World Resources Limited is an Australian company focused on the exploration and development of mineral resources projects in North America.
It is listed on the Australian Securities Exchange under the code NWC.
On 14 January 2020 New World Resources Limited announced that it had executed an agreement that provides it with the right to acquire a 100% interest in the high-grade Antler Copper Deposit in Arizona, USA. In October 2021, after 18 months of exceptional results, New World exercised its option and took 100% ownership of Antler.
About the Antler Copper Project
Excellent Location
• Located in a sparsely populated part of northern Arizona
• Privately-owned land
• 70% of all copper produced in the US is from mines in Arizona
Proven VMS District
• Cluster of 30-40 VMS deposits in northern Arizona; largest:
• United Verde – mined 33Mt of ore @ 4.8% Cu (1883-1975)
Excellent Infrastructure
• 15km from rail and an interstate highway
• Mains power to within 700m of the old headframe • 55km by road to Kingman (population ~30,000)
• Benefits of existing infrastructure:
- Cheaper to build a new mine
- Cheaper to operate a mine
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.
VMS (Volcanogenic Massive Sulfide) Deposits Explained
In simple terms, Volcanic-associated Massive Sulphide (VMS) deposits are caused by underground metal-rich volcanoes rising and creating a cooking environment.
I suggest you download this eBook which explains the VMS and How to Add Value to your Share Portfolio
A lesson on geological models sought by mining companies that gives insight and an understanding of which portfolios are better - and potentially more lucrative – investments. Click here to download this eBook.
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