Samso Insight Episode 103 is on the current Critical and Essential Minerals debate and what this means for investors, communities and Australia.
There are many narratives on what this drive for electrification means for investors. We can all agree that there are no doubts on the demand for critical and essential minerals, but how could this demand spur the next resource bull run?
In this episode of Samso Insights, we are talking to Lightning Minerals Limited (ASX: L1M) and Taiton Resources Limited (ASX: T88) about their respective IPOs which were live at the time of the recording.
This is a brief insight into the people who are running the companies and what is motivating them to be in this space. Alex Biggs and Noel Ong are experienced members of the mineral exploration sector having been in the same positions not long ago.
Alex was on the board of Critical Resources Limited (ASX CRR) before leaving to take over the helm of Lightning Minerals Limited (ASX: L1M). He shares with us the projects and the strategy of the company. In a time when critical metal stories are in demand, it is not a bad idea to keep an eye on what Alex is doing now.
The Taiton Resources story is one that is all about the search for Essential Minerals. The company is going to the IPO with the view that they have found a mineral province that has primarily been overlooked. The mineral province has had historical work showing some very important points, a shallow cover to basement, mineralisation within geophysical targets and CSIRO data indicating an area of hydrothermal activity that is consistent with mineral production.
Take time to watch this episode which showcases two companies that are in the Critical and Essential mineral space and a thorough discussion of why this industry is value adding to the community and Australia.
Chapters:
00:00 Start
00:20 Introduction
01:09 What is happening with Lightning Minerals Limited ?
02:54 The critical mineral space.
03:49 About Taiton Resources Limited.
06:53 Gold prospect.
09:43 Is the gold prospect a potential to a fast track cash flow?
12:07 Lightning Minerals board: Dr Karen Lloyd.
16:44 Recent development in downstream processing.
18:22 Importance of the mining industry in Australia.
27:55 Comments on people resources.
31:27 The vision for Taiton Resources.
33:20 The vision for Lightning Minerals.
34:30 Conclusion
PODCAST
About Alex Biggs
CEO - Lightning Minerals Limited (ASX: L1M)
Mr Biggs is a qualified Mining Engineer and Mechanical Engineer. He has over 20 years’ experience in the engineering and mining sectors including corporate, operations, consulting and finance, including capital raising, both equity and debt as well as deal structuring and significant commercial expertise.
Mr Biggs is currently a Non-Executive Director at Metals Australia (ASX) and previously Managing Director of Critical Resources (ASX). He has held management and operational positions at Venturex Resources, Palisade Capital Corporation, Barrick Gold as well as Principal level positions in consultancy and advisory capacities.
Mr Biggs is a Member of the Australian Institute of Mining and Metallurgy and a graduate of the Western Australian School of Mines.
About Lightning Minerals Limited
Exposure to the high value and high demand critical minerals commodity markets.
Four project areas in Western Australia
Battery minerals focus including Lithium, Nickel, Cobalt, Copper and PGEs
Clear exploration strategy focused on Lithium and battery minerals
Principal focus on Dundas licences – Next to Liontown Resources’ Buldania project
About Noel Ong
Managing Director - Taiton Resources Limited (ASX: T88)
Noel Ong is a geologist with over 30 years of experience in the resource industry. He has extensive mineral exploration and project management experience in the gold, lithium, iron ore (hematite and magnetite), tantalum and the diamond industry.
Since 1992, Noel has worked predominantly in the goldfields of Western Australia, Pilbara iron ore fields and the Northern Territory. He has worked with Ashton Mining, Great Central Mines, and held management roles with API Management, Galaxy Resources, Citic Pacific Mining and Silver Lake Resources. Noel is a member of the AusIMM and the Australian Institute of Geoscientists.
About Taiton Resources Limited
Taiton Resources Limited is an early-stage mineral exploration focussed on discovering large scale mineral deposits in South Australia and Western Australia.
The Company has assembled a portfolio of projects across both South Australia and Western Australia.
On Admission, the Company's projects will comprise the following:
(a) Highway Project, located in South Australia, (b) Lake Barlee Project, located in Western Australia; and (c) Challenger West Project, located in South Australia;
The projects have a range of exploration activities planned. The company will be undergoing a series of grassroots exploration and also several walk-up drilling targets.
While the Company has developed and designed programs to undertake exploration activities on each of the Projects, it will also pursue and assess other new business opportunities in the resources sector over time which complement its business.
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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