TNT Mines Limited (ASX:TIN) and the remaking of the Eureka Gold Mine.
Coffee with Samso Episode 86 with Matt Boyes, CEO of TNT Mines Limited (ASX: TIN) is all about how a mineral explorer adds value for shareholders.
TNT Mines Limited (ASX: TIN) is drilling and looking at increasing the value of an old historical gold mine. The last time the mine was operated was in the 1990s so with the rising gold price and sentiment, this would make an interesting project.
The company has been very active in putting money into the ground and it is interesting to watch the slow value adding process. As we all know, exploration is a marathon and this is something investors need to understand.
In this episode of Coffee with Samso, Matt Boyes tells us frankly about the ins and outs of mineral exploration. The company has drilled up to 11,000m at the Eureka project so this will make some interesting resource in the near future.
00:40 All about TNT Mines
02:04 What is the upside for Eureka?
04:57 What is different from the current market sentiment compared to the 1990s?
08:06 Decisions are easier to make nowadays as companies have more money.
09:43 Is the market more responsive now?
11:00 Prospect of the Warriedar Gold Project
14:02 Warriedar Gold Project is within a good area
14:58 More money leads to more discoveries
15:56 What are the plan(s) of the company?
18:17 Management of TNT Mines Limited
20:27 News Flow
22:09 More legs to this commodity run
22:37 Positive implications of a rising gold price for Eureka
About Matt Boyes
BSc (Hons) Geol, MAIG, MAusIMM, MSEG
Mr. Boyes is a qualified geologist and fellow of the Australasian Institute of Mining and Metallurgy with 25 years’ industry experience and a strong background in mineral resource estimation, project development and operations management. He recently served as Chief Operating Officer for AIM-listed Patagonia Gold, successfully overseeing the construction of two stand-alone gold-silver heap leach projects in southern Argentina.
About TNT Mines Limited
TNT Mines is focused on the evaluation and development of undervalued, large-scale mining and brownfields exploration assets in tier one jurisdictions of Australia and North America.
Both Eureka and Warriedar have a history of gold production, are located close to established infrastructure including operating gold mills and demonstrate the potential for the rapid delineation of shallow high-grade gold resources.
In May 2020, TNT acquired 100% of the East Canyon uranium-vanadium project in San Juan County, Utah.
East Canyon is located 50km north via a major highway from the only conventional fully permitted and operating uranium mill in the US and the project claims contain multiple historic workings with visible mineralisation.
TNT also owns the Pelley Ridge zinc project in Montana and a greenfields exploration project in Western Australia’s Yilgarn gold district.
In progressing all its projects, the Company prioritises responsible environmental management and genuine consultation with local communities.
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