New World Resources - NWC (ASX) News & Expert Insights from Stockhead

New World Resources Limited is an Australian company focused on the exploration and development of mineral resources projects in North America. It is listed on the Australian Securities Exchange under the code NWC.

Since mid-2017 New World Resources has been assembling a portfolio of highly prospective mineral resources projects in North America. These assets currently comprise the Antler Copper Project in Arizona, USA; the Tererro Copper-Gold-Zinc VMS Project in New Mexico, USA; the Colson Cobalt-Copper Project in Idaho, USA; and the Goodsprings Copper-Cobalt Project in Nevada, USA.

Collectively these projects comprise a highly prospective portfolio of high-grade projects all located in stable, pro-mining jurisdictions. Small-scale production has been recorded, historically, at all three projects, yet very little modern exploration has been undertaken at any of the projects.

Accordingly, there is considerable potential for exploration success at all of the projects, which provides the Company the opportunity to realise considerable value for shareholders.

KEY PEOPLE

Mr Hill is a geologist and solicitor with 25 years’ experience in the resources industry. He has performed roles as commercial manager and geologist for several mid cap Australian mining companies and as founding director for a series of successful ASX-listed companies. Mr Hill has practical geological experience as a mine based and exploration geologist in a range of commodities.

Mr Woolrych has more than 20 years’ experience in the natural resources industry, including significant financing, operational, contracting and project development experience in Australia and internationally. He is passionate about developing and operating sustainable mining projects, driving a culture of safety and operational excellence, as well as delivering outcomes for shareholders.

As CEO of Diversified Minerals, Mr Woolrych was instrumental in the acquisition, financing and development of the underground Dargues Gold Mine in New South Wales and the Henty underground gold mine in Tasmania.

His technical and corporate skills and knowledge will be very valuable to New World as it advances its very high-grade Antler Copper Deposit in Arizona, USA back into product

Mr Polglase has a Bachelor of Engineering First Class Honours degree in Metallurgy from the Camborne School of Mines and Higher National Certificates in both Mechanical Engineering and Electrical Engineering.

Mr Polglase started his career at the South Crofty Mine in Cornwall. Since then he has accumulated more than 40 years of experience working globally in different mining disciplines for companies including Ashanti, Rio Tinto, TVX and Ivernia in Africa, Europe, the Former Soviet Union, Australia, and, for the last decade, in Brazil. Mr Polglase was most recently both a founder and the Managing Director of Avanco Resources Limited, which he took to production and, later, acquisition by OZ Minerals Limited for $418 million in 2018.

Mr Haynes has more than 25 years’ experience in the international resources industry. He graduated from the University of Western Australia with an honours degree in geology and geophysics and has explored for a wide variety of ore deposit styles throughout Australia and extensively in Southeast and Central Asia, Africa, Europe, South and North America.

Mr Haynes has held technical positions with both BHP Minerals and Billiton plc. He has worked extensively on project generation and acquisition throughout his career. During the past 13 years he has been intimately involved in the incorporation and initial public offerings of numerous resources companies, and in the ongoing financing and management of those and other companies.