Revolver Resources Limited - An Elephant Copper Deposit Discovered in Queensland, Australia
Coffee with Samso Episode 142 is all about Revolver Resources Limited (ASX: RRR) discovering what is looking like a giant Copper Deposit in Queensland.
In this episode of Coffee with Samso, we explore a company that is developing a great copper deposit. Revolver has two assets in north western Queensland, Australia. Little is known about these assets. The company had worked on these projects for 7 years in a private capacity and were listed in 2021.
The company is well funded, cashed up and is in the process of unlocking the value of Dianne and Osprey. These two projects headline the company with both showing enormous potential.
Pat Williams, Managing Director of the company speaks to us about the dedication of the company to produce value for shareholders by systematically going through the process of exploration while keeping a tight reign on costs.
The recent discovery of the Green Hill corridor speaks volumes of the potential of Dianne. Green Hill prospect is not looking to emulate a size of three football fields, and the results are indicating that the size could grow further.
Operation on site commenced in the first half of Oct 2021-2022 and continues in the wet tropics. The work completed includes surface mapping, regional surface sampling, an extensive IP program and a 17 hole DD program.
Diane is open in 3 remaining directions.
Osprey is poised to be a Tier 1 project. The company has conducted 3 IP programs and continues building the geophysical signatures. The project is already showing indicators of a halo typical of an IOCG (Iron Oxide Copper Gold) system.
The talented and experienced Board of Management are hands on actively exploring its tenements and pursuing further acquisitions as well as creating additional Shareholder value.
Let's listen to these chapters:
01:10 The Dog with two Tales.
01:30 Pat Williams Introduction.
04:50 Transition from private company to public listed.
07:03 The Dianne Copper Project.
14:56 The prospectivity of projects like Diane.
16:50 Is the Dianne project an underexplored system?
24:11 The Green Hill prospect.
26:43 The other project - Osprey.
34:12 The value of WMC projects.
36:17 The pedigree of Osprey.
40:48 What could hamper your project and how are you countering these issues?
45:21 What are the news flow that investors can expect?
49:14 Why RRR?
About Patrick Williams
Qualifications: BAppSc (Mining Geology), MSc (Mineral Economics), MAus/MM
Pat Williams has worked in the global resources business for more than 30 years where he has held senior roles with several international mining operations from the front line through to the boardroom. Working through a range of senior production and management roles with BHP and Anglo American, Pat gained strong operational management expertise over a 15-year duration. As COO of global mining services company Runge Ltd, Pat stewarded the business through IPO and various M&A transactions. Pat has extensive experience leading small, medium and large-sized operations teams to deliver safe, efficient project outcomes, on time and on budget.
Pat has led value creation at operational, business, commercial and shareholder levels through all facets of the commodity cycle journey. He is differentiated from his peers by this rare mastery of business strategy, operational discipline, human leadership and commercial acumen. His knowledge encompasses resources planning, processing, infrastructure, logistics, operations, projects, maintenance and sales.
About Revolver Resources (ASX:RRR)
Revolver Resources (ASX: RRR) is an Australian listed copper exploration company focused on the development of natural resources for the world’s accelerating electrification. Our near-term focus is the exploration and development of advanced copper projects in Queensland.
Copper sits at the heart of the world’s acceleration to net zero emissions through electrification. Concurrent with a new commodity super cycle that is forecast to drive a surge in long-term demand for copper, the most cost-effective conductive material, Revolver Resources has copper projects located in premier polymetallic provinces, the North-West Minerals Province and the Hodgkinson province located in northern Queensland.
Our portfolio includes the Dianne Project, a near-term production prospect north-west of Cairns comprising six mining leases and an exploration permit, and the Osprey Project, consisting of six exploration permits north of Mount Isa with established prospectivity for IOCG and Mount Isa style targets.
Since our inception, multiple drilling programs and geological and geophysical works have increased the company’s confidence in its tenure. Following our listing, new work programs are to be accelerated at both projects, in parallel, to better quantify the known resources. At Dianne specifically, the company will progress the orebody through JORC code definition, as well as identify potential extensions and repeats within the tenure.
Revolver’s leadership team has extensive experience in the natural resources sector and has established strong connections with all relevant stakeholders including landholders, traditional owners, community representatives and government.
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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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