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- Exploration in the Land of the Giants - Riedel Resources Limited (ASX:RIE)
On today's Rooster Talk 42, Michael Bohm, Executive Chairman of Riedel Resources Limited (ASX:RIE) talks about the prospectivity of the Kingman Gold project. The company has just raised AUD1.8M and is aiming to step up the drilling within the Tintic prospect. The aim is to put some more colour onto the previous drilling program. As successful as it was to the market, Riedel Resources is aiming to better understand what degree of mineralisation exists and how it relates to the geophysical evidence. Michael Bohm shares with us what the company is currently thinking about all the drilling results and piecing together the next phase of drilling that will create more clarity in an evolving mineralised system. Chapters: 00:00 Start 00:10 Introduction 00:36 Michael´s new announcement 01:43 The Mineral Fertility of the Kingman Project 03:24 Michael responds to my thoughts on the project 05:43 Potential of a Hybrid Porphyry / VMS System 07:16 Why Arizona is the place to be 09:05 The real importance of the presence of a Porphyry 09:44 The mineralised nature of the Kingman Gold Project 10:56 Geophysics shows a mineralised structure in place 11:56 What could the project become? 13:36 Polymetallic Mineralisation 13:38 News Flow 16:48 Upcoming drilling will add more structure to the story 18:34 Existing mineralisation is exciting 19:29 Conclusion PODCAST About Michael Bohm Executive Chairman BAppSc (Mining Engineering) Appointed: 12 December 2020 Mr. Bohm is a qualified mining professional with extensive Corporate & Operations experience. Michael has extensive minerals industry experience in Australia, South East Asia, Africa, Chile, Canada and Europe. A graduate of WA School of Mines, Michael has worked as a mining engineer, mine manager, study manager, project manager, project director and managing director and has been directly involved in a number of mine developments in the gold, nickel and diamond sectors. Michael is a current Director of a number of ASX-listed companies and sits on their Audit & Risk and Remuneration Committees. Michael has had previous directorships at Argyle Diamonds Mines, Sally Malay Mining Limited and Ashton Mining of Canada. About Riedel Resources Riedel Resources (ASX:RIE) is an ASX-listed mineral exploration company earning into an advanced high-grade gold exploration project in north-west Arizona. The Kingman Project comprises approximately 200 contiguous mining claims located approximately 30km from the town of Kingman Arizona. The area was mined for high-grade gold and silver from the 1880’s to the early 1940’s and since then very little modern exploration has ever been carried out on the property. The Riedel board has extensive experience in minerals and mineral exploration in Australia, the US and Canada, amongst others. Kingman Gold Project The Kingman Gold Project is located near Kingman Arizona and only 90 minutes drive from downtown Las Vegas. The project was mined for high-grade gold and silver from the 1880s until the early 1940s which coincided with the outbreak of WWII. Following drilling in the 1990s, 11 diamond holes were drilled on the property in late 2019 and which intersected multiple zones of high-grade gold, silver and lead from shallow depths and confirmed the extensive mineralisation potential of the area. Riedel plans to aggressively drill and explore the project area during 2021. 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. If you find this article informative and useful, please help me share the information. I try and write about topics that are interesting and have the potential to be of investment value. It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au. About Samso
- At Kingwest Resources Limited (ASX: KWR) Exploration Patience Leads to Discovery
Coffee with Samso Episode 106 with Ed Turner, CEO of Kingwest Resources Ltd (ASX: KWR) Kingwest has made a gold discovery in a project that has been in plain sight for all to see for decades. The geology may have been there for millions of years, but explorers have only gone up and down that area for decades. Mineral exploration is one of those business activities where patience is the biggest asset to have, along with an eager investment partner. Over the years, many have coined the phrase, Cash Is King. The mineral exploration industry has lived and died on the fortunes of investors since the first geological expedition set out many moons ago. Lady Luck is the next obvious attribute that all explorers require and in the case of Kingwest Resources, it seems that they have their ducks all lined up in a row for them. When you look at what I have called the Discovery Line, the fact that all but 2 of the drillholes intercepted mineralisation of some sort is incredible. As an exploration geologist, I will attest that this phenomenon is not common. We tend to see more negative results than positive ones, especially at the beginning of the program. There is a lot of work yet to come and potentially lots of disappointments, but from an investor's point of view, I do feel that this is going to end well. Chapters 00:00 Start 00:15 Introduction 00:54 Ed introduces the Discovery. 01:53 What attracted Kingwest to the recent discovery? 04:23 Why has the target not been followed up before? 05:59 Are the lakes the Last Frontier? 07:07 Could this discovery open up more opportunities for Kingwest? 08:32 Has Kingwest discovered a Monster? 10:45 How deep could this mineralisation be? 11:51 The "discovery line" is significant.... 13:15 Has Kingwest hit the target or is there something else? 14:41 Is the deep cover a saviour for Kingwest? 15:34 What is happening at Menzies? 16:51 Underground mining seems to go on forever. 17:23 Underground resources tend to not end abruptly. 17:51 The Importance of the Polymictic Conglomerate. 19:11 The Importance of Table 1. 20:53 The Importance of Gold detection by the Sample Assays. 22:27 Ed shares his wisdom to the Investors. 23:11 What is the orientation of the Conglomerate? 23:32 What attracted Kingwest to the Target? 24:10 A ´Samso Told You So´ Moment. 24:52 Ed's Words of Wisdom 25:28 Ed's reaction to the numbers coming into the office. 26:59 Conclusion PODCAST About Ed Turner Ed is a geologist with 30 years of experience throughout Europe, South America, Africa and Australia in a range of roles encompassing base, precious and speciality metals for leading mining companies. Technical strengths include exploration, underground mining, resource estimation, feasibility studies and development level work. Ed was previously engaged as the CEO and General Manager of Exploration of Geology for Galena Mining Limited where he delineated the high-grade Abra lead-silver deposit that is shaping up to be a highly profitable mine development. About Kingwest Resources Limited (ASX: KWR) Kingwest Resources Limited (“Kingwest”) is a mining and exploration company focused primarily on gold exploration in the Eastern Gold Fields Region of Western Australia. It will aggressively explore for and extract gold in a mix of advanced, intermediate, and greenfield projects within this highly prospective district. The Menzies Gold Project - MGP With a new team on board and new projects, Kingwest is redirecting its focus on developing the highly prospective Menzies Gold Project. The Menzies Gold Project contains some of the highest-grade historic production in the Eastern Goldfields with the five underground mines producing between 16g/t and 32g/t Au over their respective life of mine for a total of 650,000 oz @ 22.5g/t. The last underground mining ceased in 1943 and there has been limited drilling beneath the historic workings since then. Open Pit mining during the 1990s before the collapse of the gold price in 1999 also produced 145,000 oz at a high-grade average of 2.6g/t Au. A relatively shallow resource comprising 2.42Mt at 2.2g/t Au for 171,300 oz (using 1g/t cut off) has been estimated in recent years. However, the best future economic potential is in targeting the high-grade mineralisation that remains open at depth beneath every deposit. 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. Share to Grow: Your Bonus Samso has just released an eBook: 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. If you find this article informative and useful, please help me share the information. I try and write about topics that are interesting and have the potential to be of investment value. It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au. About Samso Brilliant Investments Samso's compelling ASX stories are also featured on Brilliant-Online.
- Sprintex Limited (ASX: SIX) - A Cash Positive Zero Emission Story
Coffee with Samso Episode 115 with Jay Upton, Managing Director of Sprintex Limited (ASX: SIX) is all about the EV story that investors have missed and ignored. This episode of Coffee with Samso is all about the real story of No Emission. The investment narrative has focused on the raw materials, but we have been telling readers and viewers of Samso that it is actually about No Emission. We now know Sprintex as a company that designs and manufactures clean air compressors. The strategy as we discussed in the first Coffee with Samso - Green Engineering - Green and Efficient Technology - Sprintex Limited (ASX: SIX) - Episode 92 - is moving towards newer renewable and clean energy technologies for automotive and other industries. This new core business is now a reality. Sprintex has now secured the first part of the business in the latest announcement of a supply of a minimum of RMB30M (equivalent to AUD6M) over two years. This is a minimum supply and according to Jay Upton, this is likely to be a bigger number. Chapters 00:00 Introduction 06:16 The Green Engineering Story 07:45 The Sprintex Story 09:14 It is all about Efficiency. 11:06 The ESG Efficiency 13:04 Difference between Electric, Hybrid and Hydrogen Vehicles. 22:27 Sprintex is providing the Solution of Zero Efficiency. 23:46 Floodgate of opportunities for Sprintex. 24:48 Sprintex has arrived. 27:41 Rome was Not Built In One Day. 30:27 Last words from Jay. 31:13 Conclusion PODCAST About Jay Upton Managing Director Jay (Jude) Upton has a broad range of business managerial and technical engineering experience gained over a 20-year period working in the international automotive industry where he has amassed a network of international industry contacts. Prior to this, Jay gained a further 20 years’ experience in engineering management in the heavy mobile equipment sector and in both industrial and automotive high-performance engine engineering. Jay was the Chief Technology Officer of the Company from 2011-2016 and he was the Technical Consultant in 2019. During this period, Jay was responsible for all technical development within the Company and is recognised as the inventor on two international supercharger patents assigned to the Company. In addition, during this period, he performed technical presentations to, and commercial negotiations with, vehicle manufacturers in ASEAN, China, Japan, USA, Europe and Australia. He also worked with the Managing Director on business strategies, corporate presentations and capital raisings. From 2012 to 2017, Jay was employed at Proreka Sprintex (a 50% owned subsidiary of the Company) and was instrumental in both the selection of the location for Sprintex's offshore manufacturing and the establishment of Proreka Sprintex. Working closely with the CEO of AutoV (the Company’s Joint Venture partner and the other shareholder of Proreka Sprintex), Jay oversaw the selection and procurement of the manufacturing equipment and the building of the manufacturing facility in Malaysia. As Director of Business Development of the Company from 2007 to 2011, Jay was responsible for the establishment and setup of Sprintex USA Inc. (a wholly owned subsidiary of the Company) and acted as secretary of Sprintex USA Inc. for regulatory purposes. He oversaw market development in the USA, Middle East, South Africa and China and was responsible for commercial agreements with OEMs, suppliers, distributors and dealers in multiple jurisdictions. Prior to this, from 2004-2007, Jay was the General Manager of the company at which time he was responsible for the initial setup of the operations and for day-to-day management of all operational and technical functions. From 2000-2004, Jay was the General Manager of the Automotive Division of Advanced Engine Components Limited (now known as Ookami Limited) where he carried out the day to day management of both Sprintex and Bullet Supercars (Qld), including overseeing emissions and full vehicle compliance of a high-performance sports car for Australian production. About Sprintex Sprintex Limited (ASX:SIX) is an automotive engineering, research, product development and manufacturing company. It is is a leading designer, developer and manufacturer of oil free twin screw compressors for automotive and clean-air industrial applications. With origins in the UK, Sprintex Limited was incorporated in Australia in November 2003 and listed on the ASX in July 2008 (ASX SIX). The company is headquartered and operates an R&D facility in Perth Western Australia. Sprintex designs and manufactures superchargers for use in a wide variety of combustion engines and is currently focused on the development and commercialisation of the Sprintex® twin screw supercharger, and supercharger systems incorporating the Sprintex® twin screw supercharger, in the automotive aftermarket and original equipment manufacturer (OEM) market in Australia, Asia, Africa, the Middle East and the United States of America. The company operates a wholly owned subsidiary in Malaysia which forms its main manufacturing base, a wholly owned subsidiary in USA, primarily servicing the automotive aftermarket and has recently added a further wholly owned subsidiary in China, primarily to explore opportunities in the clean energy sector including hydrogen fuel cells, waste water recycling and other clean air industrial applications. The China facility will engage in R&D and manufacturing for electric drive compressors and controls for various applications. Sprintex Limited is quality assured to ISO 9001-2008, its Malaysia operations are certified to ISO 9001-2015 and operate under ISO 14001 environmental standard and TS16949 automotive component standard. 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. If you find this article informative and useful, please help me share the information. I try and write about topics that are interesting and have the potential to be of investment value. It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au. About Samso Samso partners with Brilliant-Online where our investment stories are featured. The Brilliant-Online partnership is an opportunity to reach new and wider audiences in a fresh, appealing format to pique and retain investor interest. Read Brilliant Investments.
- Miramar Resources Limited (ASX: M2R) - Mineral Exploration Success - Discovery at Marylebone.
I declared that Marylebone is a Discovery during Coffee with Samso Episode 118 with Allan Kelly, Executive Chair of Miramar Resources Limited (ASX: M2R) You will hear that Allan Kelly has actually made a discovery. This could be a fantastic time to take a position and await more results. Allan Kelly is an exploration geologist who has a proven record of discovering and taking the project to production with Doray Minerals Limited (ASX: DRM). Doray has merged with Silverlake Resources Limited (ASX: SLR) which adds more evidence to the value of Allan's work. While speaking with Allan, I believe that Miramar is the most prospective mineral explorer currently on the ASX. In our conversation, I declared that Marylebone is a Discovery. The results we discussed, in my opinion, leave no doubt in my mind that Allan has discovered a project which will deliver a potential economic discovery. Chapters 00:00 Start 00:15 Introduction 01:23 Allan updates. 05:43 Why has Gidjie not been noticed? 10:47 Early signs of a Discovery. 14:04 Repetition of results is the Key. 15:12 Reasons why Marylebone is the Real Deal. 21:07 This is the time and place to be meticulous in Exploration. 22:45 Drilling testing negatives is an important part of Exploration. 24:52 The significance of Hole 96. 30:37 All the factors that make a Discovery. 31:20 This is a Discovery. 32:26 This is more than Smoke, you can see Flames. 34:20 Understanding the profile of the bedrock. 36:46 Upcoming drilling activities. 38:04 Marylebone is the place to chase an Economic Discovery. 38:46 The prospects of Glandore. 44:30 Market Cap is poised for uplift. 45:57 How Funds have been used. 49:02 Allan shares his last words. 51:12 Conclusions. PODCAST About Allan Kelly Executive Chairman Mr. Kelly is a geologist and manager with over 25 years’ experience in mineral exploration, development and production throughout Australia and the Americas. Mr. Kelly graduated in 1994 with a Bachelor of Science (with honours) in Applied Geology from Curtin University. He has been involved in targeting early-stage exploration of gold, nickel and copper deposits in Australia, Alaska and Canada and has previously held senior exploration positions within Western Mining Corporation and Avoca Resources Limited. He has also served as an Executive Director of Riversgold Ltd and a non-executive director of Alloy Resources Ltd. In 2009, Mr. Kelly founded Doray Minerals Limited, which listed on the ASX in early 2010. Under Mr. Kelly’s management, Doray discovered the high-grade Wilber Lode gold deposit within the Andy Well Project in the Murchison Region of Western Australia, which moved from discovery to production within three and a half years, and subsequently funded, constructed and commissioned the Deflector Gold-Copper Project within 14 months of completing the takeover of Mutiny Gold Limited in 2014. In 2014, Mr. Kelly was awarded the Association of Mining and Exploration Companies (AMEC) ‘Prospector Award’, along with Doray’s co-founder Mr. Heath Hellewell, for the discovery of the Wilber Lode and Andy Well gold deposits. Mr. Kelly is a Fellow and Former Councillor of the Association of Applied Geochemistry (AAG), a Member of the Australian Institute of Geoscientists (AIG) and a Member of the Institute of Brewing and Distilling (IBD). About Miramar Resources Limited (ASX:M2R) Miramar Resources Limited is a Western Australian focused mineral exploration company with projects in the Eastern Goldfields, the Murchison and Gascoyne regions. The portfolio of exploration projects has high potential for new gold discoveries within trucking distance of existing operations and for the discovery of nickel-copper-platinum group element (PGE) mineralisation. Miramar aims to create shareholder value through discovery and the Board has a proven track record of successful discovery, development and production. Latest ASX Announcements 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. Share to Grow: Your Bonus Samso has just released an eBook: 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. If you find this article informative and useful, please help me share the information. I try and write about topics that are interesting and have the potential to be of investment value. It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au. About Samso
- Singular Health Group Ltd (ASX: SHG) - The Business of Scan To Surgery.
Coffee with Samso Episode 117 is with James Hill, Chief Operating Officer of Singular Health Group Limited (ASX: SHG) This episode is about the building of a vertically integrated medical business by Singular Health Group Limited (ASX: SHG). The Scan To Surgery Business is the future of affordable Tier 1 medical solutions for everyone that needs it, and not just for those who can afford them. Singular Health is a medical technology story which utilises artificial intelligence to allow precision surgeries at a more efficient timeline. In our very first Coffee with Samso, 3D Medical Imaging - Taking Health Care to the next Dimension: Singular Health Group Ltd (ASX: SHG), we learnt that the company was bringing 3D imaging to the market. Since then, as we learn in this episode, that model has changed. In my opinion, this change is a stroke of genius as it is now a business that allows existing practitioners to create more value for themselves and their patients. Using the Scan To Surgery concept is the way to go as it means all stakeholders within the industry will have value added to their position in the chain. Practitioners will be more efficient and can provide better service for their patients. Patients will be able to have more information, have a better understanding and be exposed to more cost-efficient processes. Chapters 00:00 Start 00:20 Introduction 01:28 James updates on Singular Health. 02:44 The Vertical Integration Process. 07:30 Who is the market? 08:38 The Scan To Surgery Story. 09:46 The Sequence of Scan To Surgery. 12:50 It is all about Patient Specific Implants and Medicine. 13:02 The Vertical Integration Story. 14:24 What Stage is the Business? How accurate is the Precision? 17:32 Is Singular Health at proof of reliability? 18:10 SHG wants software to be accessible worldwide. 18:24 Large Market for Business. 19:43 The Scan To Surgery process is not common practice. 21:29 SHG is all about Reducing Time from The Scan to the Surgery. 22:16 APPROVALS is for SOFTWARE not medical/biotechnical products that need lengthy Clinical Trials. 22:56 The Singular Health Business seems EASY. 26:07 What's the Competition and Who are your Peers? 30:50 The Osteopore Relationship. 34:25 Osteopore will use SHG software. 35:42 Reconfirmation that the SHG software, AI is not a common feature in the marketplace. 36:22 The process of acceleration in the Scan To Surgery procedure is unique to Singular Health. 37:20 The benefits of Patient Specific Medicine. 40:25 Potential Investors Exit could be an M&A process. 41:33 Last Words from James Hill. 42:26 Conclusion PODCAST About Singular Health Group Limited (ASX: SHG) Singular Health develops better health literacy with the ability to access, understand and use information to make medical decisions, and take action about health and healthcare. With the help of its core proprietary technology, the Volumetric Rendering Platform (VRP), 2D medical imagery can be converted into volumetric 3D models which can be visualised, manipulated, modified and reviewed using a standard monitor or by utilising virtual reality. As an example, the VRP can convert a standard 2D axial view of a thorax into a 3D volume rendered thorax that can be viewed and manipulated in virtual reality. 2D images can be stacked to provide depth and can therefore be viewed in 3D. The core value proposition of the VRP is that it: (i) allows for the real-time conversion of medical imaging data (allowing end-users to volume render 2D data, typically within 120 seconds from the time the imaging file is available); (ii) possesses in-situ processing capabilities and does not rely upon any internet connectivity and/or external code libraries or processing to convert images from 2D to 3D, which acts to both protect patient confidentiality and enable off-line usage of the technology in remote and rural locations; (iii) assists in the integration of Singular Health’s technology into the medical and education markets and workflows, any alterations, measurements, screenshots or videos (derivatives of the main scan) are saved in industry standard file formats (.obj, .stl, .json, .jpeg, .mp4). This not only makes derivative information much more transferable and viewable on traditional 2D DICOM viewers but also permits the usage of files in third party computer-aided design packages and media viewers whilst still preserving the proprietary nature of the rapid volumetric rendering; (iv) allows end-users to experience a fully-immersive viewing experience with 360° viewing and in some instances the inclusion of a 4th dimension, which is the time taken to perform a virtual surgical action and/or review 4D scans (such as functional MRIs); (v) is designed to operate using the graphics processing capabilities of high-end yet retail grade hardware, including Alienware laptops, thin-client desktops and Oculus Rift S virtual reality headsets. The combined cost of the hardware is approximately $5,000 resulting in a low capital expenditure by end-users; and (vi) can be integrated with picture archiving and communications systems within hospital and clinical environments to provide easy, industry-standard access to the medical imagery used as inputs for the software. The Directors believe that the VRP provides multiple opportunities for growth through the development of surgical visualisation and planning products, patient education products and geological and resources focused products. About James Hill James is an experienced professional in the commercial technology sector, having held directorships with a number of private companies. James graduated from the University of Western Australia with a Bachelor of Commerce (Marketing and Management) and has since worked on a number of projects across the fields of finance, engineering and marketing. Previously the Managing Director of a digital marketing agency for 3.5 years and with corporate experience, he provides key and strategic advice on digital marketing, investor relations and go-to-market strategy. James has also worked with corporate advisory firms in Perth providing business planning and financial modelling services. Over the past decade, he has produced one of Australia's most efficient manned electric vehicle and has a broad technical background with hardware and software that he applies in his role within Singular Health liaising between the development, management, and sales teams. 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. Share to Grow If you find this article informative and useful, please help me share the information. I try and write about topics that are interesting and have the potential to be of investment value. It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au. About Samso Keep us informed too! Please let us know your thoughts and send us any comments to info@samso.com.au. Remember to Subscribe to our YouTube Channel, Samso Media and our mail list to stay informed and make comments where appropriate. Other than that, you can also give us a Review on Google. Samso stories are also featured on Brilliant-Online. Read their investment column and subscribe to Brilliant-Online so you don't miss a beat.
- Blackstone Minerals Limited (ASX: BSX) - The Arrival of Green Nickel.
Scott Williamson, Managing Director of Blackstone Minerals Ltd (ASX:BSX) returns today on Coffee with Samso Episode 120 with insights about the release of their inaugural Sustainability Report The Blackstone Story is no stranger to making bold statements, but I would say that the biggest of them all is the release of their Sustainability Report. Blackstone is not shy of telling the market that they are going to produce Green Nickel. Yes, you heard it right. Blackstone is going to produce nickel products that adhere to world class ESG standards. That is a bold endeavour and it really makes you sit up and want to know more. Clearly, there is no room for second place with this statement. One would be doing this with Tier 1 standards, world leading practices and with total transparency. This is the statement from Scott and the Blackstone team. Scott shares with us his thoughts and passion on making sure that the process of completing the Blackstone business in Vietnam is all about the people and the environment. The business will be complete only if there is participation and rewards from and for all stakeholders in the business model. As you look into the story, the creation of a totally responsible and sustainable business is going to reap rewards beyond your typical mining nickel through to production model. What this means is that this Green Nickel story by Blackstone Minerals will be at a level that will have a significant barrier to entry for competitors. The first mover advantage will create a near impossible competitor edge which will be hard to overcome. There is a metal use revolution storm coming and what is felt now is nothing compared to this tsunami just outside the shores of the EV Revolution. Tune in to find out if we are overdoing ESG. Chapters 00:00 Start 00:20 Introduction 00:59 Scott introduces the Sustainability Report. 02:25 Inspiration for Green Nickel process. 05:26 What was the feedback to understand Green Nickel? 07:13 How has the transparency of the story helped corporately? 10:48 Blockchain of Green Nickel Story. 13:21 How will pricing of Green Nickel work? 14:40 Will mining Green Nickel be cheaper in the future? 16:06 A major problem for No-Emission story. 19:42 Where is the strict No-Emission on the Blackstone Story coming from? 20:58 Are we over doing all this ESG - No Emission story? 22:41 How fast is the transformation to an Electric Mining Fleet? 24:44 Is the capital still favouring Green? 26:15 What are people saying about this report? 29:24 Scott's last words on the Sustainability Report. 30:58 Conclusion PODCAST About Scott Williamson Managing Director Blackstone Minerals Limited Qualifications: BEng (Mining), BCom, MAusIMM Scott Williamson is an experienced Managing Director with a demonstrated history of working in the mining and metals industry. He is skilled in Open Pit and Underground Mining, Corporate Finance, Investor Relations and Project Planning. A strong business development professional with equity capital markets experience, Scott graduated from West Australian School of Mines and Curtin University of Technology. Scott holds a WA First Class Mine Manager’s Certificate and is a member of the Australasian Institute of Mining and Metallurgy. About Blackstone Minerals Limited Blackstone Minerals Limited (ASX: BSX) is developing the district-scale Ta Khoa Project in Northern Vietnam where the company is drilling out the large-scale Ban Phuc Nickel-PGE deposit. The Ta Khoa Nickel-PGE Project has existing modern mine infrastructures built to International Standards including a 450ktpa processing plant and permitted mine facilities. Blackstone Minerals also owns a large landholding at the Gold Bridge project within the BC porphyry belt in British Columbia, Canada with large scale drill targets prospective for high-grade gold-cobalt-copper mineralisation. In Australia, Blackstone Minerals is exploring for nickel and gold in the Eastern Goldfields and gold in the Pilbara region of Western Australia. Blackstone Minerals has a board and management team with a proven track record of mineral discovery and corporate success. The Ta Khoa Nickel-Copper-PGE Project The Ta Khoa Nickel-Copper-PGE Project is located 160 km west of Hanoi in the Son La Province of Vietnam and includes an existing modern nickel mine built to Australian standards, which is currently under care and maintenance. The Ban Phuc nickel mine successfully operated as a mechanised underground nickel mine from 2013 to 2016. In the Ta Khoa Nickel-Copper-PGE Project, previous project owners invested more than US$136m in capital and generated US$213m in revenue during a 3.5-year period of falling nickel prices. The project was placed into care and maintenance in mid-2016 during some of the lowest nickel prices in the past 10 years. Existing infrastructure associated with the project includes an internationally-designed 450 ktpa processing plant connected to local hydro grid power with a fully-permitted tailings facility and a modern 250-person camp. Since commencing maiden drilling in August 2019, Blackstone Minerals has made significant progress at Ta Khoa, drilling over 9,000 m of diamond core in more than 47 holes into the Ban Phuc DSS deposit and the highly prospective King Cobra discovery zone. An initial scoping study evaluating mining and processing options is well advanced, including potential in-country downstream processing to deliver high-value nickel sulfate into Asia’s rapidly expanding electric vehicle (EV) industry. The recently announced MOU with Asia’s largest and the world’s second-largest EV battery cathode manufacturer, Ecopro BM Co Limited represents a significant step towards making this a reality. 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. Your Bonus Samso has just released an eBook: 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. If you find this article informative and useful, please help me share the information. I try and write about topics that are interesting and have the potential to be of investment value. It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au. About Samso Samso stories are also featured on Brilliant-Online. Read their investment column and subscribe to Brilliant-Online so you don't miss a beat.
- Galileo Mining Limited (ASX: GAL) - Early discovery of Sulphides at Norseman Project
Rooster Talk Episode 51 with Brad Underwood, Managing Director of Galileo Mining Limited (ASX: GAL) is all about the discovery of sulphides at the Norseman project. A systematic approach is now testing their palladium prospect in Norseman, Western Australia. If you are looking for an exploration company on the Australian Stock Exchange or ASX Limited (ASX: ASX) you need to DYOR big time on Galileo Mining Limited (ASX: GAL). The results are consistent with our expectations. We just did not think we were going to hit it with air-core drilling. Brad Underwood, Chair and Managing Director of Galileo Mining Limited (ASX: GAL), shares with us the technical merits of the sulphides in today's Rooster Talk. The presence of the sulphides is important as this is indicating some for of mineralisation. Short of calling a discovery, the presence of these sulphides is going to add a lot of spice to the story at Norseman. Watch the interview: Rooster Talk Episode 51 Chapters: 00:00 Start 00:20 Introduction 59:01 Brad Updates. 02:10 Was the sulphides a geophysical target?. 03:02 Drilling still happening in same project. 03:17 Timing of results. 03:58 What does these results mean for the company? 05:49 What else is happening for Galileo. 06:54 The exploration ahead in 2022. 07:42 What's the different approach when looking at Norseman. 08:55 What are the historical nickel activities in the Norseman area. 09:48 Last Words from Brad. 10:15 Conclusion PODCAST About Galileo Mining Limited (ASX:GAL) Galileo Mining is a resources company listed on the Australian Securities Exchange (ASX) under the code GAL and is exploring for base metals in south-east Western Australia. The company has 100% ownership of its Norseman Project and has Joint Ventures with the Creasy Group over highly prospective tenements in the Fraser Range. The Norseman Project is located adjacent to the regional town of Norseman in an infrastructure-rich area of Western Australia. A bitumen highway runs parallel to the project area and is less than 10km from the Company’s current JORC cobalt-nickel resources. The Norseman Project includes numerous areas with potential for further cobalt discoveries as well as additional nickel and copper prospects. The Fraser Range Project covers two zones of the extensive Fraser Range geological belt. The Fraser Range is known for the world-class Nova nickel-copper-cobalt mine discovered by Sirius Resources in 2012. Galileo’s northern Fraser Range tenement is 80km from the operating Nova mine while the southern tenements are just 30km from the mine. Galileo is targeting Nova style nickel-copper-cobalt mineralisation in the Fraser Range and has a deep level of experience in the region. The company was originally privately owned by renowned prospector Mr. Mark Creasy, and Galileo Managing Director Mr. Brad Underwood spent eight years as General Manager of the Creasy Group’s exploration at the Fraser Range and Norseman. Galileo Mining listed on the ASX in May 2018, raising $15 million in IPO funding. Mr. Creasy continues to be the largest shareholder, controlling approximately 31 percent of the company. ASX-listed miner Independence Group (ASX: IGO) and Mineral Resources’ founder Chris Ellison are included within the Company’s top five largest shareholders. Galileo Key Milestones 2003 – Registered as a private company wholly owned by Mark Creasy 2004 – Acquired the Norseman project 2006 – Initial drilling conducted at Norseman 2017 – Maiden JORC Resource completed at Norseman 2018 – Acquired interest in the Fraser Range project 2018 – Launched on the ASX as a public company About Brad Underwood Chair and Managing Director Brad Underwood is the Chairman and Managing Director of Galileo Mining. Mr. Underwood is a geologist with over 18 years of experience in exploration, prospecting and mining. He has been involved in copper, gold, nickel and cobalt discoveries and the development of numerous prospects over a variety of commodities. Previous conversations with Brad Watch the previous Coffee With Samso conversation with Brad here. Galileo's strategic focus on nickel, copper and cobalt in tier-1 mining jurisdiction. Listen to the Rooster Talk conversation with Brad here. Focusing on the science and techniques of nickel exploration - the easy process and potential issues. Featured on Brilliant-Online Galileo Mining Limited shares Methodical Approach to the Search for Nickel and Palladium 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. Download eBook 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. Share to Grow If you find this article informative and useful, please help me share the information. I try and write about topics that are interesting and have the potential to be of investment value. It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au. About Samso Keep us informed too! Please let us know your thoughts and send us any comments to info@samso.com.au. Remember to Subscribe to our YouTube Channel, Samso Media and our mail list to stay informed and make comments where appropriate. Other than that, you can also give us a Review on Google. Samso-Brilliant Distribution Outreach Powerful Advertising opportunities for Samso’s ASX and private business clients. The Brilliant-Online partnership is an opportunity to reach new and wider audiences in a fresh, appealing format to pique and retain investor interest. Contact Veronica directly for your special Samso-Brilliant advertising rate. Read Brilliant Investments
- Andromeda Metals Limited (ASX:ADN) - The Real Story.
James E Marsh clears the air about Andromeda Metals Limited (ASX:ADN) over Coffee with Samso Episode 124 Over the past two years, the Andromeda Metals story has taken many twists and turns. Today, there is a lot of misconception, misunderstanding and a lack of understanding of what the company really does. Let's clear the air. When I first spoke to Andromeda Metals Limited (ASX: ADN) in late 2019, the company felt like it had such a simple business. A simple business that was going to make a lot of money. After talking with James Marsh and learning more about the business, I was convinced that this was better than an AUD$0.04 stock. Andromeda Metals did not prove me wrong. In fact, the shares went to a high of AUD$0.45, putting their market capitalisation at over AUD$1B. I was an early shareholder and left the register many times before the AUD$1B valuation. I have to admit that the story of the business was changing at a pace that I did not keep up with. This is nothing new in a developing company, but talking to associates and existing shareholders, I realised that there is a lot of misunderstanding. Harking back to our very first conversation in 2019 - Coffee with Samso - Ep 27 - The myth and facts about the Halloysite and Kaolinite Industry - ADN - there was the question of what exactly is the company mining? Back then, I was hearing from people that Andromeda was mining Halloysite and not Kaolinite...etc The result after our chat on Coffee with Samso was that we got some clarity to the issues. In today's episode, James shares with us insights that I feel are good in helping to address some of the comments that have been flying around in the marketplace. The people I had spoken to about the ins and outs of Andromeda have been telling me that they don't really know and understand what is happening. Hopefully, in today's episode of Coffee With Samso, we gain some clarity on some of the uncertain narratives that in the community. Chapters 00:00 Start 00:20 Introduction 01:57 The Minatour -Andromeda Metals Merger. 04:42 What is the Nanotube Business? 08:31 How realistic is this Carbon Capture Idea? 10:47 Is the Carbon Capture a Practical Reality? 12:46 How is the mine going? 17:58 What are the thoughts about a shift in demand of "unknown" metals? 21:56 How we investors see Andromeda now and in future? 25:47 What drives the Concrete business requirement? 26:20 Not all halloysite are the same. 28:59 How does Andromeda be seen as? 31:02 The ISR Story? 34:20 The Potential of being a Copper Producer. 36:25 The up and downs of Andromeda share price. 40:03 James thoughts on Andromeda as an Investment. 41:26 Concluding comments 42:22 James Last Words PODCAST Andromeda Metals Limited (ASX: ADN) Andromeda Metals Limited is an Australian Securities Exchange-listed company (ADN) with a focus on developing the Carey’s Well halloysite-kaolin deposit in South Australia. The company has built a highly prospective exploration portfolio of projects covering 5,374 sq km within 19 exploration licences located in South Australia, Queensland and Western Australia. Andromeda Metals (previously Adelaide Resources) was incorporated on 23 December 1993 and subsequently listed on the ASX on 11 September 1996. The Company’s head office is in Adelaide, South Australia. The vision of Andromeda Metals is to be a sustainable industrial minerals producer of high-quality halloysite-kaolin and high purity alumina material, thus providing shareholders with a sustainable financial return on their investment in the Company. James E Marsh BSc (Hons), MAusIMM James Marsh is an industrial chemist and holds tertiary qualifications in chemistry and physics. He has extensive experience across a wide range of industrial minerals spanning a 25 year period, including senior technical and marketing roles with two global market leaders. He previously worked for 7 years as Business Development Manager for Active Minerals Australia, part of the Active Minerals International group, a worldwide leader in the production and marketing of kaolin and gel quality attapulgite clay minerals. Mr Marsh has been instrumental in developing and launching industrial minerals products into established and new applications globally and has a successful track record in general management and sales. 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. www.samso.com.au Samso creates compelling stories and content giving real insights from business leaders of ASX companies and private businesses that matter to the investment community. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au. About Samso Samso-Brilliant Distribution Outreach Powerful Advertising opportunities for Samso’s ASX and private business clients. The Brilliant-Online partnership is an opportunity to reach new and wider audiences in a fresh, appealing format to pique and retain investor interest. Contact Veronica directly for your special Samso-Brilliant advertising rate. Read Brilliant Investments
- A Green Copper Story? - Thor Mining Plc (ASX: THR)
Coffee with Samso Episode 123 is with Nicole Galloway Warland, Managing Director - Thor Mining Plc (ASX: THR) Thor Mining is a very special diversified mineral exploration company. Special in that there are three highly prospective projects and one of them could make this minnow a serious copper producer. Our first encounter with Thor Mining was in February 2021 at a Coffee with Samso - A Potential ESG compliant Copper-Gold Producer: Thor Mining Plc (ASX:THR) - and the current Managing Director, Nicole Galloway Warland was the company's Exploration Manager then. The projects that were just being worked on then had just as much potential as the story. I liked the projects at that time and felt that if work was done and the results were favourable, any of their projects could achieve a flagship status. Sure enough, work has indeed been done and it looks like my gut feel was on the money. In this episode of Coffee with Samso, Nicole tells us about the huge amount of work done in 2021. I feel that the maturity of the projects over the past 10 months has been profound and it has shifted my thinking on the direction of the company. I remember Nicole telling me that Ragged Range was going to surprise people. Well, it definitely surprised me. The potential of the area is really only limited to the funding capacity of the company. The Pilbara is just showing its potential and those working in the region will continue to unearth the hidden metal endowment that lies beneath this craton. As for the Copper projects in South Australia, I am greatly relieved that the recent results have made great progress. The ISR potential of the Alford projects is going to make Thor Mining stand out and be seen. I have always liked the potential and I talked about it in the first Coffee with Samso with Nicole and also with the previous Chairman, Mick Billing. I believe that the ISR potential should be the company's main focus and the creation of a Green Copper story is achievable. My take on the Green Metal story, the Green Mining story is one that can only be happy if you have naturally occurring infrastructure. What I mean in terms of infrastructure is the Green Power + Green Minable Economical Resource + Governance/Jurisdiction. In my opinion, Thor has these three components available. They just need to make it work. The Molyhil project is the third part of the story (at this stage). The recent discovery of a skarn source for the Tungsten and Molybdenum mineralisation may change the whole economics of the project. This is now partnered with a rising Molybdenum price in 2021. A rise appears to have some holding power that is going to tilt the game in favour towards Thor Mining. Chapters 00:00 Start 00:20 Introduction 01:38 Ragged Range 02:54 Prospectivity of the Pilbara Craton. 05:30 The Nickel in Ragged Range. 06:54 Copper in South Australia and potential to being a Copper Producer. 08:19 ISR Use 08:55 How do you explain the Environmental Issues? 11:19 73m of 1% Cu is a significant number. 12:35 The Copper project in South Australia is heading towards development. 13:28 NO infrastructure will not be an issue. 13:44 Looking very much like a Green Copper Story. 15:17 Molyhil Project 17:46 Molybdenum is getting new uses and demand. 18:55 Is Molyhill bigger than first thought? 20:10 The Uranium and Vanadium project. 21:42 How will Thor prioritise the projects? 24:50 What's the news flow? 25:58 How does Thor see Ragged Range? 27:35 Nicole's words of wisdom. 28:28 How will Thor manage the variety of projects? 29:26 Concluding comments PODCAST Download this eBook This is a good time to download the first Ebook (FREE) from Samso as it is all about VMS (Volcanogenic Massive Sulfides). About Nicole Galloway Warland, Managing Director Thor Mining Plc (ASX:THR) Geologist Nicole Galloway Warland has worked in the mining and exploration industry for more than a quarter of a century in Australia, Eastern Europe and South America since graduating from Sydney’s University of Technology. Nicole's experience spans grassroots exploration through to project evaluation, encompassing both open cut and underground mining, with a focus predominantly on gold, copper-gold, base metals, nickel, uranium, and lithium. About Thor Mining Plc (LON:THR and ASX:THR) Thor Mining PLC is an exploration and development company with an advanced tungsten/molybdenum project poised for development, and exciting copper and gold projects, both advanced and early stages, with the potential to generate significant investor value. Thor also holds an advanced tungsten/molybdenum project ready for development. Thor has projects in Australia in the Northern Territory, Western Australia, and South Australia. Thor also owns the Pilot Mountain tungsten project in Nevada USA, and uranium and vanadium exploration claims in Colorado and Utah. 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. www.samso.com.au Samso creates compelling stories and content giving real insights from business leaders of ASX companies and private businesses that matter to the investment community. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au. About Samso Keep us informed too! Please let us know your thoughts and send us any comments to info@samso.com.au. Remember to Subscribe to our YouTube Channel, Samso Media and our mail list to stay informed and make comments where appropriate. Other than that, you can also give us a Review on Google. Samso-Brilliant Distribution Partnership Powerful Advertising opportunities for Samso’s ASX and private business clients. The Brilliant-Online partnership is an opportunity to reach new and wider audiences in a fresh, appealing format to pique and retain investor interest. Contact Veronica directly for your special Samso-Brilliant advertising rate. Read Brilliant Investments
- Miramar Resources Limited (ASX: M2R) Discovery at Gidji, Bangemall and Whaleshark
Rooster Talk Episode 52 with Allan Kelly, Executive Chair of Miramar Resources Limited (ASX: M2R) is a great revelation of how investors should look at projects, and how companies do mineral exploration. Exciting times are coming for Miramar as they are slowly revealing the potential jewels in their project portfolio. The consistent drilling results coming out of the Gidji project are showing signs of a slow development that is turning out to become a valued proposition. As exploration continues, Allan believes that the Gidji project is a new mineral camp with a vast array of geological formations and mineralising tectonic settings. The recent geophysical results from the Mt Vernon project in the Bangemall is creating a lot of opportunities for Miramar. The company has now new targets being generated which they will interpret and start more surveys to vector drill targets. The third major project that is now looking at unlocking its secret is the Whaleshark project. In this Rooster Talk, Allan gives us an in-depth discussion of all these topics. I believe that the Gidji project is now a new mineral camp that sits between Kalgoorlie and Paddington. Chapters 00:00 Start 00:15 Introduction 00:53 Allan updates. 04:58 The development of Gidji into a monster project. 07:34 Why Gidji is going to be a Camp. 09:08 Taking stock of what is in Gidji - This is why Gidji is a Camp. 09:50 The first systematic exploration at Gidji. 10:25 KCGM actively drilling at Runway - 280m @ 1g/t. 11:41 KCGM has been drilling for two months - Something must be happening. 14:52 Gidji is strategically placed for corporate and discovery activities. 15:28 Bangemall Project - Mt. Vernon - Its History and Why it´s Prospective. 16:47 The Craton Margin Factor. 18:24: The Discovery of the Atlas Ni-Cu-PGE occurrences. 23:04 The EM response at Mt. Vernon - What it means for Investors. 25:30 The Interpretation of the geophysical data - How it is done. 26:30 How significant are these anomalies? 28:26 How do we interpret the intensity of the anomalies? 29:35 The three important requirements for discovery. 31:00 John Hronsky and the importance of deep lithospheric structures. 32:14 The Whaleshark Project - A Geological Reason on the High Prospectivity. 43:11 Miramar is now becoming a Three Project company. 46:32 The way of Good Mineral Exploration. 49:04 Conclusion. PODCAST About Allan Kelly Executive Chairman Mr. Kelly is a geologist and manager with over 25 years’ experience in mineral exploration, development and production throughout Australia and the Americas. Mr. Kelly graduated in 1994 with a Bachelor of Science (with honours) in Applied Geology from Curtin University. He has been involved in targeting early-stage exploration of gold, nickel and copper deposits in Australia, Alaska and Canada and has previously held senior exploration positions within Western Mining Corporation and Avoca Resources Limited. He has also served as an Executive Director of Riversgold Ltd and a non-executive director of Alloy Resources Ltd. In 2009, Mr. Kelly founded Doray Minerals Limited, which listed on the ASX in early 2010. Under Mr. Kelly’s management, Doray discovered the high-grade Wilber Lode gold deposit within the Andy Well Project in the Murchison Region of Western Australia, which moved from discovery to production within three and a half years, and subsequently funded, constructed and commissioned the Deflector Gold-Copper Project within 14 months of completing the takeover of Mutiny Gold Limited in 2014. In 2014, Mr. Kelly was awarded the Association of Mining and Exploration Companies (AMEC) ‘Prospector Award’, along with Doray’s co-founder Mr. Heath Hellewell, for the discovery of the Wilber Lode and Andy Well gold deposits. Mr. Kelly is a Fellow and Former Councillor of the Association of Applied Geochemistry (AAG), a Member of the Australian Institute of Geoscientists (AIG) and a Member of the Institute of Brewing and Distilling (IBD). About Miramar Resources Limited (ASX:M2R) Miramar Resources Limited is a Western Australian focused mineral exploration company with projects in the Eastern Goldfields, the Murchison and Gascoyne regions. The portfolio of exploration projects has high potential for new gold discoveries within trucking distance of existing operations and for the discovery of nickel-copper-platinum group element (PGE) mineralisation. Miramar aims to create shareholder value through discovery and the Board has a proven track record of successful discovery, development and production. 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. Share to Grow: Your Bonus Samso has just released an eBook: 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. If you find this article informative and useful, please help me share the information. I try and write about topics that are interesting and have the potential to be of investment value. It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au. About Samso Samso-Brilliant Distribution Outreach Powerful Advertising opportunities for Samso’s ASX and private business clients. The Brilliant-Online partnership is an opportunity to reach new and wider audiences in a fresh, appealing format to pique and retain investor interest. Contact Veronica directly for your special Samso-Brilliant advertising rate. Read Brilliant Investments
- Emu NL (ASX: EMU) - Strategic Exploration Projects & an Underrated Story.
Coffee with Samso Episode 128 is with Doug Grewar, CEO of Emu NL (ASX:EMU). The Emu NL story is an example of a very early stage but highly prospective project. This story has been and is still flying under the DYOR radar screen of many investors. Investors are always looking for that undervalued company, and if the management for Emu NL is true to their intentions, this could be the one. When I looked at their projects, it reminded me of my first Coffee with Samso with Venture Minerals Limited. The similarities are that both companies are diversified mineral explorers with projects that have true prospectivity. Mineral Exploration is all about having two key components: 1) A good technical story 2) A management that is in tune with the story of discovery. Emu seems to have been flying under the radar screen and this may be a good time for interested punters to do some serious DYOR. Doug brings us great insights into the projects within Emu NL. As this is at the high end of risks in a mineral explorer, I think this is worth a look. The projects are in new frontier land and it will not take a lot to give it value. The old game of high risks, high returns. Get ready to take notes here and make some exciting discoveries about a relatively unknown and undervalued mineral explorer. Chapters 00:00 Start 00:20 Introduction 01:11 The history of Emu NL. 02:57 The Badja story, gold, tungsten and base-metals. 06:31 Tungsten and what it may mean for Emu. 08:25 More refined Geophysics in the future? 09:38 Sunfire and the Julimar-style potential. 12:54 The Sunfire potential confirms Emu's excitement. 14:15 The plate margin story. 15:21 Viper and its potential. 17:04 Graceland Project - Wheatbelt story. 20:27 8 Mile Dam Project - Nickel Sulphide Story. 22:11 How are the money people taking the Emu Story? 23:58 Market sentiment and Cash position for Emu. 25:38 The long game of mineral exploration is the only game in town. 25:50 Going back to the Badja project - the Base Metal potential. 27:50 Tungsten grades are worth noting. 28:57 News flow in the next 12 months. 30:01 Review of the projects. 31:40 Conclusions PODCAST About Doug Grewar CEO Doug is a highly experienced ASX listed company Managing Director and CEO in mining services and civil construction. A successful strategic business leader with broad resources industry background, Doug is also a Senior Executive in mining, mining services, civil and construction materials sector. He is responsible for both open cut and underground mining projects throughout the Australia Pacific Region in coal, iron ore, gold, base metals, precious minerals. He has executive management experience in civil construction and construction materials, concrete and quarry industries. As Managing Director CEO, his experience is in both mining services and mining business with exposure to mineral exploration, extraction, beneficiation and marketing. Doug is a passionate advocate of the mining and mining services sectors. He has achieved success through the development and leadership of teams and the efficient use of capital and assets in operations. During the the past 4 years he has fulfilled a number of senior roles including Managing Director CEO, General Manager, Registered Mine Manager and Project Director in operations improvement, mine cost reduction, business restructure and recovery. About Emu NL (ASX: EMU) Emu NL (ASX: EMU) is a highly active Australian resource exploration company focused on new discoveries which have the potential to add significant value to investors and shareholders. In September 2020, following an extensive project generation phase and due diligence, EMU acquired “Gnows Nest”, a near production gold project which includes the historic high grade Gnows Nest Gold Mine, near Yalgoo in the Murchison Region of Western Australia. The project is situated 27 kms north west of the Scuttles Golden Grove mine, a base metals and gold project that has been operating for 30 years. Emu also acquired 3 exploration projects in Southwest Western Australia. The package of projects which include Sunfire, Viper and Graceland have a strong history of lead up exploration or historical mine workings and are highly prospective for Copper, Nickel, PGEs and Gold. 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. Share to Grow: Your Bonus Samso has just released an eBook: 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. If you find this article informative and useful, please help me share the information. I try and write about topics that are interesting and have the potential to be of investment value. It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au. About Samso Samso stories are also featured on Brilliant-Online. Read their investment column and subscribe to Brilliant-Online so you don't miss a beat.
- Cyprium Metals Limited (ASX: CYM) - An Undervalued Copper Producer
Coffee with Samso Episode 132 with Barry Cahill, Executive Director of Cyprium Metals Limited (ASX:CYM) The time has come for Cyprium Metals Limited to lay out the theme for the Nifty Story. The release of the Restart Study is, effectively, the beginning of what is about to come as the company progresses down the path of mining and delivery copper plates. In this episode of Coffee with Samso Barry shares with us how the Cyprium business will take shape in the coming 18 months. The company is planning to be in production in 2023 and this is effectively shaped by this study. Barry shares with us how the story will unveil itself with all the approval stages being met and in the process of being submitted. The process of extracting the copper is not an arduous process, and funding at this stage for the start should not be an issue. On the 11th March, the company announced the following: Nifty Copper Project Restart Study HIGHLIGHTS Current copper price ~USD4.60/lb Oxide C1 costs of USD1.91/lb and C3 costs of USD2.82/lb Average production of 25,000 tpa copper cathode Oxide cathode production 146,100 tonnes copper metal Pre-production capital AUD149M Positive engagement with Financiers now accessing final study and extensive data room NPV @7% of AUD277M with an IRR of 37% (post tax) Mineral Resource Estimate (MRE) to include 2021 drilling & inferred resource conversion Oxide mine life 2023-29 at ~6.3 years (pre-MRE upgrade) with sulphide potential +20yrs Metallurgical testwork confirms 85% recovery in Retreat and 90% in Oxide Pit material Free cashflow AUD544M Payback in 3 years Regulatory approvals submitted and on track Sulphide heap leach metallurgy testwork commenced NEXT STEPS Finalise the Financing of the project during Q2 2022 Update the Mineral Resource and in pit inventory, including expansion options Complete financing and final government approvals post FID Commence refurbishment and construction post finance and government approvals Plate copper metal in the second half of 2023 Chapters 00:00 Start 00:15 Introduction 00:58 Barry and the mineral resource. 03:45 The Copper price margin. 05:06 Potential future mine life. 07:18 The Nifty West Drilling 08:50 The Pit Shells 10:48 The Nifty Processing Story 16:25 How big can the Nifty resources get? 18:10 What could derail the Nifty Story? 22:00 How does the Nifty Story compare to others in the market? 25:58 Any Environmental Issues? 29:07 Why is Cyprium so cheap? 31:53 History repeats itself. 32:44 What are shareholders and potential investors look at in Cyprium? 35:50 Who are your peers? 36:48 The other projects? The Total Strategy. 41:05 The plan going ahead. 44:55 No short cuts in mining. 45:25 The case of Risk Reduction. 46:28 Conclusion. PODCAST About Barry Cahill Executive Director Mr. Cahill is a mining engineer with over 30 years’ experience in exploration, operational mining and management. In particular, his experience covers management of project development and construction from exploration drilling through project funding, commissioning and development. He was the Managing Director of Finders Resources Limited from 2013 until its takeover in 2018. Mr. Cahill has previously been Executive Director of a number of public companies including Operations Director at Perilya Limited and Managing Director of Australian Mines Limited and Norseman Gold Plc. About Cyprium Metals Limited (ASX:CYM) Cyprium Metals Limited (ASX: CYM) is an ASX listed company with copper projects in Australia. The Company has a highly credentialed management team that is experienced in successfully developing sulphide heap leach copper projects in challenging locations. The Company’s strategy is to acquire, develop and operate mineral resource projects in Australia which are optimised by innovative processing solutions to produce copper metal on-site to maximise value. The Company has projects in the Murchison and Paterson regions of Western Australia that is host to a number of base metals deposits with copper and gold mineralisation. Paterson Copper Projects This portfolio of copper projects comprises the Nifty Copper Mine, Maroochydore Copper Project and Paterson Exploration Project. The Nifty Copper Mine (“Nifty”) is located on the western edge of the Great Sandy Desert in the north-eastern Pilbara region of Western Australia, approximately 330km southeast of Port Hedland. Nifty contains a 2012 JORC Mineral Resource of 732,200 tonnes of contained copper (i). Cyprium is focussed on a heap leach SX-EW operation to retreat the current heap leach pads as well as open pit oxide and transitional material. Studies will investigate the potential restart of the copper concentrator to treat open pit sulphide material. The Maroochydore deposit is located ~85km southeast of Nifty and includes a shallow 2012 JORC Mineral Resource of 486,000 tonnes of contained copper (ii). Aeris Resources Limited (ASX: AIS, formerly Straits Resources Limited) holds certain rights to “buy back up to 50%” into any proposed mine development in respect of the Maroochydore Project, subject to a payment of 3 times the exploration expenditure contribution that would have been required to maintain its interest in the project. An exploration earn-in joint venture has been entered into with IGO Limited on ~2,400km2 of the Paterson Exploration Project. Under the agreement, IGO is to sole fund $32 million of exploration activities over 6.5 years to earn a 70% interest in the Paterson Exploration Project, including a minimum expenditure of $11 million over the first 3.5 years. Upon earning a 70% interest, the Joint Venture will form and IGO will free-carry Paterson Copper to the completion of a pre-feasibility study (PFS) on a new mineral discovery. Murchison Copper-Gold Projects Cyprium has an 80% attributable interest in a joint venture with Musgrave Minerals Limited (ASX: MGV) at the Cue Copper-Gold Project, which is located ~20km to the east of Cue in Western Australia. Cyprium will free-carry the Cue Copper Project to the completion of a definitive feasibility study (DFS). The Cue Copper-Gold Project includes the Hollandaire Copper-Gold Mineral Resources of 51,500 tonnes contained copper (iii), which is open at depth. Metallurgical test-work has been undertaken to determine the optimal copper extraction methodology, which resulted in rapid leaching times (refer to 9 March 2020 CYM announcement, “Copper Metal Plated”, https://cypriummetals.com/copper-metal-plated/). The Nanadie Well Project is located ~650km northeast of Perth and ~75km southeast of Meekatharra in the Murchison District of Western Australia, within mining lease M51/887. The Cue and Nanadie Well Copper-Gold projects are included in an ongoing scoping study, to determine the parameters required to develop a copper project in the region, which provides direction for resource expansion work. (i) Refer to CYM ASX announcement dated 17 November 2021 “Updated Nifty Copper Mineral Resource Estimate” (ii) Refer to MLX ASX announcements: 10 March 2020, “Nifty Copper Mine Resource Update” and 18 August 2016, “Annual Update of Mineral Resources and Ore Reserves” (iii) Refer to CYM ASX announcement: 29 September 2020, “Hollandaire Copper-gold Mineral Resource Estimate” 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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