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- Unveiling the Giant Copper Deposit - Hot Chili Limited (ASX: HCH)
Rooster Talk Episode 24 Summary Hot Chili Limited (ASX: HCH) has a cluster of copper-gold porphyry deposits in Chile. The company has been in Chile since 2010 and is not a copper producer. In this Rooster Talk Episode 24, Christian Easterday, Managing Director, reveals the latest metallurgical results released by the company. Recent developments Hot Chili has partnered with a company that is owned by the Chilean Government- ENAMI. The partnership will allow 120,000 tonnes per annum of ore to be mined and process at its Productora deposit. The main asset of the company is Cortadora and its adjacent projects, San Antonio and Productora. Christian Easterday, Managing Director, shares with us about the latest metallurgical results released by the company. The outcome of the test has shown that the trio of projects, Productora, Cortadera and San Antonio can be treated as one ore type. This means that the processing of the ore can be done in one facility which will allow the savings in treating the ore. The next phase of the company will be the release of the JORC resource which should cement Hot Chili as a viable copper producer with a Tier 1 project. The fact that Hot Chili is not a major miner and is holding a project in the first quartile of best projects in the world is significant. The sequence of events that will take the company to a major producer with a Tier 1 project will slowly unveil itself over the coming months. Investors should take time to do research and take stock of what could happen if all the events were to come true. Listen to this podcast to find out more. About Christian Easterday Mr. Easterday is a geologist with over 20 years experience in the mineral exploration and mining industry. He holds an honours degree in geology from the University of Western Australia, a masters degree in Mineral Economics from Curtin University of Technology and a masters degree in Business Administration from Curtin’s Graduate School of Business. Mr. Easterday has held several senior positions and exploration management roles with top-tier gold companies including Placer Dome, Hill 50 Gold and Harmony Gold, specialising in structural geology, resource development and mineral economic valuation. For the past eight years, Mr. Easterday has been involved in various aspects of project negotiation. This work has involved negotiations and valuations covering gold, copper, uranium, iron ore, nickel, and tantalum resource projects in Australia and overseas. Mr Easterday is a member of The Australian Institute of Geoscientists. 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
- Unraveling the Menzies Goldfields: Kingwest Resources Limited (KWR)
Rooster Talk Episode 28: A Margaret River Series Ed Turner, CEO, Kingwest Resources Limited redirects focus on developing the highly prospective Menzies Gold Project Recent results on the drilling are shaping the Menzies Project into a real winner for shareholders. Ed Turner shares the significance of the recent drilling and how the gold resources have doubled since they took on the project. The recent capital raising and the selling of non-core assets have really boosted the bank balance. This allows the company to take on further drilling and make the mining of the resource a reality. Watch this Rooster Talk with Ed Turner below. About Kingwest Resources Limited and its Menzies Gold Project 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. 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. Ed has been a constant participant on Coffee with Samso and Rooster Talk and I felt that it is a good time to get some updates on Kingwest. Recent results on the drilling are shaping the Menzies Project into a real winner for shareholders. Listen to the podcast below as Ed shares the significance of the recent drilling and how the gold resources have doubled since they took on the project. The recent capital raising and the selling of non-core assets have really boosted the bank balance allowing the company to take on further drilling and making mining of the resource a reality. Podcast About Ed Turner BSc (Hons), MAusIMM 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. Tune in for more Menzies Goldfields updates The recent M&A activity within the Eastern Goldfield gold producers is proof that if you cannot find more resources, you just buy them. Really, play video below to find out more. Ed Turner from Kingwest Resources Limited (ASX: KWR), returns to talk about the progress of the company at the Menzies Gold Mining District. Kingwest's recent drilling has increased the gold resources and confirmed extensions to the existing orebodies raising capital of AUD3.5M. COVID-19 has not affected Kingwest's fieldwork and Ed announced high grade of gold deposits. 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 this Rooster Talk 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 Samso. About Samso
- Making Nickel Mining in Vietnam a Reality: Blackstone Minerals Limited (BSX)
Rooster Talk Episode 26: A Margaret River Series August 2020 Featuring Scott Williamson of Blackstone Minerals Limited (ASX:BSX) Scott Williamson Managing Director of Blackstone Minerals Limited (Blackstone) tells us how things are going in Vietnam. I have been a fan of the Ta Khoa Nickel Copper PGE project from the start and the share price is also telling us that the market has the same thoughts. Blackstone is all about having a great project, fantastic exploration results and management delivering shareholders great value. Blackstone will deliver the only green nickel project that Elon Musk is asking from the market. The market is now slowly finding it out for themselves. 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 infrastructure built to International Standards including a 450ktpa processing plant and permitted mine facilities. Blackstone 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 is exploring for nickel and gold in the Eastern Goldfields and gold in the Pilbara region of Western Australia. Blackstone has a board and management team with a proven track record of mineral discovery and corporate success. Podcast About Scott Williamson Experienced Managing Director with a demonstrated history of working in the mining & metals industry. Skilled in Open Pit & Underground Mining, Corporate Finance, Investor Relations and Project Planning. A strong business development professional with equity capital markets experience 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. 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 this Rooster Talk 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 Samso. About Samso
- The Art of Creating Kaolinite that Pays: Andromeda Metals Limited (ADN)
Rooster Talk Episode 27: A Margaret River Series August 2020 James Marsh, Managing Director of Andromeda Metals Limited (AXS:ADN) James tells us about the plans for the company as they move into mining. The appointment of a marketing company to establish binding contracts is a great sign that Andromeda is making the right moves to establishing itself as a world-class Kaolin mining company. We go on to talk about the logistical aspects of shipping and how they intend to maximise margins while minimising the costs. Tune in to Rooster Talk 27 below with James Marsh. Andromeda has been one of my favourite stories. It is such a simple business and it has very minimal CAPEX. These Coffee With Samso interviews with James Marsh will give you a good idea of what this business is all about. Coffee with Samso - Episode 027 The myth and facts about the Halloysite and Kaolinite Industry. Coffee with Samso - Episode 031 The mining of Kaolinite with Andromeda Metals Ltd (ASX: ADN) About Andromeda Metals Limited Andromeda Metals Limited is an emerging industrial minerals company listed on the Australian Securities Exchange (ASX: ADN) with a vision of becoming the world's leading supplier of high-grade halloysite-kaolin. The Company's current focus is on bringing the Carey's Well halloysite-kaolin deposit into production in order to generate immediate cash flows to grow the business and reward shareholders through the payment of dividends. Halloysite is a naturally occurring but rare 'tubular shaped' derivative of kaolin which has a variety of industrial uses. 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. Andromeda Metals’ vision is to be a sustainable industrial minerals producer of high-quality halloysite-kaolin and high purity alumina material and thus providing shareholders with a sustainable financial return on their investment in the Company. Company Information (as at 30 June 2020) Ordinary Shares on Issue 1,532,863,256 Cash Balance $2.999 million Number of shareholders 4,989 12 month trading 1.9 to 8.2 cents Market capitalisation $78.18 million Podcast About 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. Here is the official statement on Samso's previous interviews with James Marsh. 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 this Rooster Talk 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 Samso. About Samso
- Mineral Exploration and the Art of Creating Shareholder Wealth: Moho Resources Limited (MOH)
Rooster Talk Episode 30: A Margaret River Series August 2020 Mineral Exploration More Buoyant than Before Mineral Exploration is alive and well today as the equity markets have not been this buoyant since the 1980s. There have been segments where certain commodities would be hot but I have not seen anything like this on all levels of market capitalisations for a long time. This is why I am excited to talk to Ralph Winter, Commercial Director of Moho Resources Limited (ASX: MOH). The methodological way in which the company is going about exploring the East Samson project gives some good indication that they know what they are doing, in regards to their exploration. Exploration is a long term play and it is exciting times for MOH. If Moho Resources Limited can get some early production and become self-funding, it would be one of the few minnows in this sector that have achieved that goal. About Moho Resources Limited Moho Resources Limited (ASX: MOH) is a gold exploration company with projects in Western Australia and Queensland, Australia. They have three projects, Empress Springs in Queensland, Burracopin and Silver Swan North in Western Australia. Silver Swan North The Silver Swan North project is located about 50km northeast of the regional mining centre of Kalgoorlie in Western Australia. The project covers approximately km² and encompasses X granted tenements within the Kalgoorlie terrane. Moho believes that the Silver Swan North project area is considerably underexplored and highly prospective for gold and nickel mineralization. Moho will focus on shear hosted and porphyry related gold mineralization and identifying komatiite-hosted nickel sulphide deposits. The Silver Swan North project sits on the eastern flank of the Kanowna/Scotia dome within the Boorara domain. The regional Mount Monger-Moriarty fault runs through the middle of the project area, which effectively straddles two major tectonic domains, the Kurnalpi terrane to the east, and the Kalgoorlie terrane to the west. Burracoppin The Burracoppin project is located within the Southwest terrane, the southwestern element of the Archean aged Yilgarn Craton in Western Australia. The project tenements consist of five granted exploration licenses and two exploration licenses under application covering approximately 480km². The Burracoppin project is located close to two regional shears and in particular on the aero-magnetic well defined north-south regional shear which is also associated with Tampia gold mine mineralization to the south. The operating Edna May mine is located approximately 22km east of the Burracoppin project area, in the Westonia Greenstone Belt. Empress Springs The Empress Springs Project is located 50 km to the south of the town of Croydon and comprises thirteen adjacent exploration permits with a total area of 2,889 km². The project is located about 25km due south of the town of Croydon and 700km west-northwest of Townsville in North Queensland. The Croydon Goldfield, which extends from north of the town, contained over 300 gold occurrences with historical production estimated at 1.2Moz of Au. The Empress Springs project is a joint venture with IGO Limited (IGO). Moho considers Empress Springs has the potential to host large Tier 1 gold deposits due to the presence of the intersection of significant interpreted structures within the tenements, some of which penetrate down to the earth’s mantle and are potential fluid flow paths and traps for mineralization, mafic dyke swarms reflecting major melting episodes, and coherent gold, antimony and bismuth anomalies coincident with the regional structures and gravity anomalies. PODCAST About Ralph Winter Ralph Winter specialises in corporate affairs and finance, marketing and promotion and business development in both exploration and development companies. Ralph was involved in the listing of Trafford Resources Limited, Ironclad Mining Limited, Robust Resources Limited, Mineral Products. Ralph is also currently a Director of Breast Cancer Care WA and Owner of Australian Remote Assistance. 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 this Rooster Talk 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 Samso. About Samso
- Exploring in Canada's Giant Goldfields: Ardiden Limited (ADV)
Rooster Talk Episode 31: A Margaret River Series August 2020 Gold in Canada Canadian geology is one of the most endowed places in the world. It is the "harsh" environment that is making discoveries fewer. I like the North American geology and the potential of finding those double-digit million-ounce deposits which are common in that part of the world. This Rooster Talk with Rob Longley, the Managing Director of Ardiden Limited (ASX: ADV) is about the progress of the company's Pickel Lake Gold Deposit. When discoveries happen, they seem to be big and sustained. What Ardiden has is one of the many "belts" that require systematic drilling and lots of patience. Rob explains the challenges and the potential of being patient and allowing the capital to be deployed to uncover what may become a great gold deposit. About Ardiden Limited Ardiden Limited (ASX: ADV) is an ASX-listed exploration company focused on building a compelling gold resource at its 100%-owned Pickle Lake Gold Project in one of Canada’s most prolific gold mining districts in Northwest Ontario, Canada. The project consists of over 664km2 of highly prospective landholding across three Deposits, Kasagiminnis (Kas), Dorothy and Dobie Gold Deposit. Ardiden has a maiden Inferred 110,000oz high-grade gold resource (790,000t @ 4.3g/t Au) at the Kasagiminnis Gold Deposit and in May 2020 defined an exploration target of 500,000oz to 1.2Moz @ 3.9 – 6.6g/t Au. The Deposit represents only a small section (600m) of a continuous 120km strike length at the flagship Pickle Lake Gold Project. During 2020, Ardiden aims to build on this Resource at Kasagiminnis with definition drilling as well as applying modern exploration techniques to unlock value at its highly prospective numerous prospects, identified in June 2020 through the interpretation of various geological and geophysical data sets. The initial exploration of these targets has been very encouraging. Ontario is a tier-one mining jurisdiction and produced 2.5Moz gold in 2018, nearly half of Canada’s total annual gold production. The Province hosts 18 active gold mining projects. Ardiden also has 100% ownership of the Seymour Lake Lithium Project in Ontario, where it is seeking a partner or alliance to draw value from the project, as well as other lithium interests in Ontario including the Root Lake and Wisa Lake Lithium Projects. PODCAST About Rob Longley Managing Director and Chief Executive Officer Geologist with extensive experience in global resources across gold, nickel, cobalt, lithium and iron ore sectors. His experience includes Managing Director of Helios Gold Limited and before that was General Manager Geology for Sundance Resources in Africa from 2007 to 2015. Rob has an impressive track record of successfully managing and executing exploration programs in difficult and remote locations and delivering progressive results and Mineral Resources to bring shareholder value and underpin the development of mineral projects. Rob is well-respected in the industry for his professional integrity, his resource growth achievements and commercial leadership. 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 this Rooster Talk 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 Samso. About Samso
- Mineral Exploration Investment Secrets
Coffee with Samso Episode 45 with Terry Streeter, Non-Executive Chairman of Moho Resources Ltd (ASX: MOH) Share price movements in the 500% to 1000% range! The Australian Stock Exchange (ASX) has had a very busy 6 months, especially in the mineral exploration industry. There are many stories of share price movements that are in 500% to 1000% range. In fact, it is no longer news to hear of such gains. It is this very reason that I have been telling readers and viewers to be cautious and to seek an understanding of fundamentals rather than the corporate factors of who is in which stock. Wise words from the Nickel Man Terry Streeter is a man with many decades of experience in the industry and many know him for his involvement in Jubilee Mines and Western Areas, which are nickel discoveries. His involvement in these two stories has given him all the notoriety as the nickel man. There are many winners and losers in every story, but I love the perseverance of men like Mr. Streeter. Terry shares with us why you should stick to the fundamentals and the story. Look for good management teams and good strong stories that will give you the confidence to believe. Don't worry about the negative news. Don't let a few bad drilling programs or a downturn in commodity pricing deter you from believing the story. It was indeed a great opportunity to listen to someone who has seen the market from his first investment in the late 1960s until today. At this time, he still believes that it takes time for the projects to mature and there is nothing real about an instant discovery in the mineral exploration industry. 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. PODCAST About Terry Streeter Extensive experience in funding, listing and overseeing junior explorers in all exploration and economic cycles and has served in various roles in the nickel sulphide industry for over 30 years. Previous Director of Jubilee Mines and Non-Executive Director of Western Areas & Fox Resources and additional mining interests. About Moho Resources Limited Moho Resources Limited (ASX: MOH) is a gold exploration company with projects in Western Australia and Queensland, Australia. They have three projects, Empress Springs in Queensland, Burracopin and Silver Swan North in Western Australia. 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 this Coffee With Samso 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 Samso. About Samso
- The Next Gold Miner in the Pilbara Goldfields - Calidus Resources Limited (ASX: CAI)
Coffee with Samso Episode 43 with David Reeves, Managing Director of Calidus Resources Limited (ASX: CAI) 2020 is the best year ever for mineral resource companies The year 2020 is turning out to be the best year for mineral resource companies, especially here on the Australian Stock Exchange (ASX). Everything is running and to those uninitiated in this cut-throat sector, I strongly recommend a strong dose of DYOR (do your own research). I have seen many projects in my geological life and it is these times that companies that have strong fundamentals need to be noticed. Why CAI is undervalued Calidus Resources Limited (ASX: CAI) in my opinion deserves some attention. I have liked this story as they have been on the edge of making that leap into production for a while now. The recent gold price movement upwards has given the company all the positive reasons to take the leap of faith and move into the production cycle. In this episode of Coffee with Samso, David Reeves shares with us the progress on the Warrawoona Gold Project. We talked about why CAI is undervalued and the re-rating of the stock value in the coming months. The inevitable first gold pour will stamp this company as a fundamental story for eager investors. We welcome comments Please let us know your thoughts and send us any comment 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. PODCAST About Calidus Resources Limited (ASX: CAI) Calidus Resources Limited is an ASX listed gold exploration and development company which controls the 1.25 million ounce Warrawoona Gold Project located in the East Pilbara district of the Pilbara Goldfield in Western Australia. The Directors believe that the recent consolidation of this goldfield will transform the Company into a new Australian gold development company with significant potential to unlock further resources and new discoveries within the emerging gold belt of the Pilbara Goldfields district, which is a historically proven gold mining region. About David Reeves David Reeves is a Perth-based, qualified mining engineer with 30 years of experience in the mining industry, he is currently a director of Keras Resources Plc (AIM). Mr. Reeves has extensive experience in international capital markets through his involvement with various listed London and Australian companies. Mr. Reeves has a first-class WA Mine Managers ticket and a Graduate Diploma in Finance and Investment. He was managing director of Keras Resources Plc when Keras consolidated the Calidus project area and has over 20 years of experience in gold and precious metal development. 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 this Coffee With Samso 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 Samso. About Samso
- The Arrival of a Tier 1 Copper-Gold Project in Chile - Hot Chili Limited (ASX: HCH)
Coffee with Samso Episode 46 with Christian Easterday, Managing Director of Hot Chili Limited (ASX: HCH) Why the market did not like the latest Mineral Resource Estimate (MRE) The anxious wait for shareholders of Hot Chili Limited (ASX:HCH) for the latest Mineral Resource Estimate (MRE) on the Cortadera Copper-Gold Project is over. What resulted was an anticlimax and the much-praised rising of the share price did not eventuate. The MRE was actually pretty good, however, the retail market just did not like it. I speak to Christian Easterday about the lack of interest in the share price and what the numbers mean for the future of the company. As a shareholder of the company, I must admit that there was a sense of disappointment but I cannot see how this company can stay at a market capitalisation so far from what it has in asset value. This episode of Coffee with Samso delves into all these questions. At the conclusion of the conversation, I cannot help but think that this company has so much more value than what the market is valuing it at the moment. Christian shares with us what is happening in the background and the potential corporate activities that may happen in the coming months. Watch the interview: Coffee with Samso Episode 46 PODCAST Please let us know your thoughts and send us any comment 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. About Hot Chili Limited (ASX:HCH) Hot Chili is an ASX listed copper explorer and developer with an exciting portfolio of projects at low altitude in Region III on the coastal range of Chile. The Company is developing a central copper hub named Costa Fuego, which combines all three of its projects (Cortadera, Productora and San Antonio) into what is considered to be one of the most desirable copper development locations in the world. With a combined Mineral Resource base of 2.9Mt copper, 2.7Moz gold, 9.9Moz silver and 64Kt molybdenum, the addition of the maiden Cortadera mineral resource ranks Costa Fuego amongst the largest copper Mineral Resources along the Chilean coastal range. Cortadera Copper Project Cortadera’s maiden Mineral Resource positions Hot Chili with the largest copper Mineral Resource and one of the largest gold Mineral Resources for an ASX-listed emerging company. The Cortadera maiden Mineral Resource of 451Mt at 0.46% copper equivalent (CuEq) takes the total Mineral Resource estimate for Costa Fuego (Cortadera, Productora & El Fuego) to 724Mt at 0.48% CuEq for 2.9Mt copper, 2.7Moz gold, 9.9Moz Silver and 64kt molybdenum. Cortadera also contains a higher grade component of 104Mt at 0.74% CuEq, and this has strong potential to continue growing rapidly with further drilling. For further information on the Cortadera Maiden Resource please click on this link ASX Release- Maiden Resource at Cortadera Hot Chili’s combined Costa Fuego project now ranks as one of the world’s largest low-altitude, clean concentrate (no arsenic), copper-gold Mineral Resources not controlled by a major mining company, in what is considered to be one of the most desirable copper development locations in the world. Importantly, Cortadera lies 14km from the Company’s large-scale Productora copper development and adjacent to the high-grade El Fuego satellite copper projects. In February 2019, Hot Chili announced the execution of a formal Option Agreement to acquire a 100% interest in Cortadera. Since announcing the deal, Hot Chili has delivered six of the world’s best copper-gold porphyry drill results from Cuerpo 3 (the largest of the four porphyries discovered to date), confirming Cortadera as one of the most significant copper-gold discoveries of the past decade in Chile. Productora Copper Project Productora is one of the best located large-scale copper developments globally- (coastal range of Chile, low altitude, infrastructure rich, low capital intensity). Mineral Resources already stand at 1.5Mt copper and 1Moz gold, with an Ore Reserve of 167Mt established which underpins long life, bulk open-pit production, over a 10-year mine life, with first 8 years production averaging 66kt copper and 25koz gold annually. Productora is 100% owned by a Chilean incorporated company Sociedad Minera El Aguila SpA (SMEA). SMEA is a Joint Venture company, 80% owned by Sociedad Minera El Corazón Limitada (a 100% subsidiary of Hot Chili Limited), and 20% owned by CMP Productora (a 100% subsidiary of Compañía Minera del Pacífico S.A (CMP). El Fuego Copper Project To achieve the Company’s expanded growth strategy, Hot Chili has executed agreements to secure majority interest in two of the regions’ highest grade and most substantial underground mines- San Antonio and Valentina, collectively known as El Fuego. El Fuego is located 20km east of Productora, where the Company has completed a first-pass 5,000m drilling programme across two consolidated high grade copper mines (San Antonio and Valentina), which had seen little previous modern exploration owing to their private ownership for over 50 years. The majority of drilling was directed towards San Antonio which had reportedly produced approximately 2M tonnes grading 2% copper and 0.3g/t gold and 17g/t silver from shallow depths since mining commenced in 1964. Selected significant results 9m grading 2.0% copper from 132m down-hole depth, 6m grading 2.1% copper from 65m down-hole depth, 19m grading 2.0% copper from 61m down-hole depth (including 11m grading 2.4% copper), 15m grading 1.7% copper from 80m down-hole depth, 10m grading 1.6% copper from 58m down-hole depth (including 4m grading 2.7% copper), 5m grading 2.5% copper from 31m down-hole depth (including 2m grading 4.3% copper), Successful first-pass drilling at El Fuego has highlighted a shallow copper deposit which will add further scale to Hot Chili’s targeted high-grade resource inventory. About Christian Easterday Mr. Easterday is a geologist with over 20 years of experience in the mineral exploration and mining industry. He holds an honours degree in geology from the University of Western Australia, a masters degree in Mineral Economics from Curtin University of Technology and a masters degree in Business Administration from Curtin’s Graduate School of Business. Mr. Easterday has held several senior positions and exploration management roles with top-tier gold companies including Placer Dome, Hill 50 Gold and Harmony Gold, specialising in structural geology, resource development and mineral economic valuation. For the past eight years, Mr. Easterday has been involved in various aspects of project negotiation. This work has involved negotiations and valuations covering gold, copper, uranium, iron ore, nickel, and tantalum resource projects in Australia and overseas. Mr Easterday is a member of The Australian Institute of Geoscientists. 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
- The First Step in Creating a Green Nickel Mine - Blackstone Minerals Ltd (ASX: BSX)
Coffee with Samso Episode 47 with Scott Williamson, Managing Director of Blackstone Minerals Ltd (ASX: BSX) Blackstone Minerals Limited (ASX: BSX) has just released its scoping study for the Ta Khoa nickel project in Vietnam. The Blackstone story has always been about mining and not discovering. The release of the Scoping Study is all about drawing a line in the sand to put numbers to all the talk over the last twelve months. The release of the study finally puts numbers to the question on investors' thoughts? How much will it cost to build? What will the revenue number be? How big will the mine be? How much bigger can it get? Scott Williamson explains these numbers I speak to Scott Williamson about all these numbers and what they mean to the company and investors. One of the issues with such a document for retail investors is that there are so many numbers. Scott shares with us the steps that the company will take going forward to create a Green Nickel Mine. He tells us that the company is still growing its resource and making discoveries in there other nearby deposits. The company is discovering massive sulfides every drill hole and the geology is unveiling itself to be a Tier-1 district. In his own words, We will find a significant amount of nickel, that is a given. We are now trading at a significant discount to NPV and as we derisk the project, that gap will close. Is this company suffering from the speculator's curse in a bull market? This episode of Coffee with Samso delves into all these questions. At the conclusion of the conversation, I cannot help but think that this company is suffering from the speculator's curse in a bull market. This bull market is swayed by a mass amount of speculators. As the company moves into the production stage, the smart money will be holding and they will be rewarded over time as Ta Khoa becomes a Green Nickel Mine that is completely ESG compliant. PODCAST 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 infrastructure built to International Standards including a 450ktpa processing plant and permitted mine facilities. Blackstone 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 is exploring for nickel and gold in the Eastern Goldfields and gold in the Pilbara region of Western Australia. Blackstone 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. 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 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 toward making this a reality. 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 & metals industry. Skilled in Open Pit & Underground Mining, Corporate Finance, Investor Relations and Project Planning. A strong business development professional with equity capital markets experience 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. 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
- A Targeted Diversified Mineral Explorer - Venture Minerals Limited (ASX: VMS)
Coffee with Samso Episode 49 with Andrew Radonjic, Managing Director of Venture Minerals Ltd (ASX: VMS) is an uncommon story Venture Minerals Limited (ASX: VMS) is a diversified mineral with advanced prospective projects in key mineral commodities. The Venture story is not one that is common, compared to many of its peers on the Australian Stock Exchange (ASX). I followed this company for at least 10 years and they have impressed me with both the quality of the projects and the successes that the management have been able to create over time. Well executed, I thought One of the most important aspects of any mineral explorer is the quality of management and the history of success they have been able to achieve in their time. The other is the quality of projects and it is in this space that Venture Minerals, in my opinion, has executed very well. I spoke to Andrew Radonjic, the Managing Director of Venture Minerals Limited. Andrew shares with us the history and the prospectivity of the projects. What Andrew has that many have not is the history of how exploration was when things were this hot in the market. Andrew shares some insights with us, Exploration is all about perseverance and being able to understand good geology. Open your blinkers and look at things that may not be obvious and do your research and understand the information you are being given. At this point, I must introduce you to Samso's eBook, designed to add value to your share portfolio as it helps you understand Geology Models. Have you seen a Diversified Mineral Explorer with projects this good? This episode of Coffee with Samso delves into all these questions. At the conclusion of the conversation, I cannot help but think that this company is a few drill holes from a major discovery of any of their projects. If you listen carefully, the projects within the Venture Minerals portfolio are highly prospective and are close to value-adding. Each project has its own unique "wow" factor that makes it an attractive exploration target. PODCAST About Andrew Radonjic Managing Director Qualifications: BAppSc (Mining Geology), MSc (Mineral Economics), MAusIMM Mr. Radonjic is a geologist and mineral economist with over 25 years of experience in mining and exploration, with a specific focus on gold and nickel in the Eastern Goldfields of Western Australia. Mr. Radonjic began his career at the Agnew Nickel Mine before spending over 15 years in the Paddington, Mount Pleasant and Lady Bountiful Extended operations north of Kalgoorlie. He has fulfilled a variety of senior roles which gave rise to three gold discoveries, totalling in excess of 3 million ounces in resources and the development of over 1 million ounces. About Venture Minerals Limited (ASX:VMS) Venture Minerals is striving to discover and develop world-class mineral deposits. The Company is currently exploring in Western Australia for Copper-Lead-Zinc at the Thor Prospect, Nickel-Cobalt at the Pingaring Project (adjacent and along strike to the Quicksilver Nickel-Cobalt discovery), Nickel-Copper (new target) at the Odin Prospect and Nickel-Copper-Cobalt at the Caesar Project. Recently the maiden drilling program at Thor intersected massive sulfides confirming that the Copper-Lead-Zinc target is a 20 a kilometre VMS style system. Thor is now a top priority target for Venture moving forward. Venture Mineral's initial focus was realising the full economic potential of the Mount Lindsay Tin-Tungsten Deposit in North-West Tasmania. The Company has already defined one of the world's largest undeveloped tin deposits and has completed a Feasibility Study on Mount Lindsay. The emergence of tin as the metal was most impacted by new technology through its use in Electric Vehicles which refocused Venture’s approach to developing this asset and an underground scoping study is currently underway. 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
- Applying Scientific Sampling Methods into Mineral Exploration - CSIRO
Coffee with Samso Episode 48 with Dr. Ryan Noble, Principal Research Scientist with CSIRO who works in the Discovery Program that brings value and applied sciences to industries to discover more resources for Australia Why understanding the weathering profile or regolith is key to mineral exploration? Exploration geologists are often faced with a situation where they are asked to find the Holy Grail with a small budget. In the past, potential deposits are often missed due to a lack of funding or poor targeting techniques. CSIRO has been providing solutions to the mineral exploration industry for many decades. The whole concept of understanding the weathering profile or regolith is the key to many discoveries. In this episode of Coffee with Samso, I speak to Dr. Ryan Noble who is the Principal Research Scientist for CSIRO. He works for the mineral resource business unit. Ryan shares with us the concept of using bore water to vector into potential mineralisation geology. This technique is being used with Moho Resources Limited (ASX: MOH). Ryan is working with Moho Resources on the Emperor Springs Gold Project in Queensland, Australia. PODCAST About Dr. Ryan Noble Ryan is a Principal Research Scientist and the Group Leader of Predictive Mineral Systems Science with CSIRO. He has a BSc and MSc in Soil Science from the University of Tennessee and a PhD in Applied Geology from Curtin University. Following his PhD, Ryan joined CSIRO 15 years ago and has worked on numerous regolith and groundwater geochemistry projects related to gold, base metal, Ni and U mineral exploration. Ryan is the Past-President and a Fellow of the Association of Applied Geochemists. He is a Board member of the Australian Geoscience Council and Earth Science Western Australia. Current project: Commercialised UltraFine+ soil analysis and integrated interpretation of results. Adding critical parameters and algorithms to UltraFine+ to compute regolith setting, slope/weathering influence, uncertainty and more; all based on cloud computing. Current management: Group Leader - Predictive Mineral Systems Science. Four teams and ~25 researchers. Ongoing activities: Use of ultrafine fractions for Au, Cu, Zn and critical metal exploration, integrating machine learning for exploration, rapid field sampling and analysis, gas geochemistry for exploration through cover, hydrogeochemistry, chemical and microbial monitoring for CCS, manage CSIRO wet chemistry laboratories and other related equipment. Other activities: Past President of the Association of Applied Geochemists, Executive and Board member of Earth Science Western Australia (ESWA)/Australian Earth Science Education (AusEarthEd), Board member of the Australian Geoscience Council, Executive Committee for journal "Elements", Editorial Board member for the journal "Geochemistry: Exploration, Environment, Analysis" Member of Geoconferences WA subcommittee. Fellow of the Association of Applied Geochemists. Member of AIG, GCA, IAGC. 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












