Valor Resources Limited (ASX:VAL) (“Valor” or “the Company”) is an exploration company focused on creating shareholder value through acquisitions and exploration activities. The Company is focused on two key projects as outlined below in Peru and Canada.
The Picha Project is a Copper Silver project located in the worlds second largest producer of both copper and silver, Peru. In 2021, the company completed an extensive ground based mapping and sampling program along with a detailed IP and ground based magnetic survey. Work is well advanced to finalise the interpretation and define a drilling program for 2021. Key results include up to 6% Copper and up to 563 g/t Silver.
The Canadian Uranium portfolio in and around the Athabasca Basin has seven projects with the key project being the Hook Lake Project. The company has the right to earn an 80% working interest in the Hook Lake Uranium Project located 60km east of the Key Lake Uranium Mine in northern Saskatchewan. Drilling is about to commence on the Hook Lake project in January with an initial 2,500m diamond drilling program targeting the S Zone which in 2021, the field program uncovered rock chip results of up to 59.2% U3O8, 499 g/t Ag, 5.05% TREO and 14.4% Pb.
George Bauk | Executive Chairman
Mr Bauk is an experienced company director with over 15 years’ experience as a listed company director in Australia with the resources industry in both production and exploration with assets in Western Australia, Australia and internationally.
Mr Bauk has held global operational and corporate roles with WMC Resources and Western Metals. Mr Bauk has a strong background in strategic management, business planning, building teams, finance and capital/debt raising (over $350m), and experience with a variety of commodities in particular rare earths, gold, uranium and industrial minerals.
Mr Bauk has overseen a number of uranium exploration projects in the US, Tanzania and Western Australia, partnering with Areva in Western Australia whilst being Managing Director of Northern Uranium (prior to transitioning to Northern Minerals).
In 2006, Mr Bauk was focussed on the southern Tanzanian region which was the region which was known for the successful Mkuju River discovery by Mantra Resources. During his time as managing director of Northern Minerals, he led its rapid development from a Greenfields heavy rare earth explorer to one of a few global producers of high value dysprosium outside of China.
Gary Billingsley | Non-Executive Director
Mr. Billingsley has over 37 years’ experience as a listed company director in Canada in the resources industry from exploration through to production in both oil and gas and mining.
Mr Billingsley has global experience having worked on projects located in Canada, the US and Africa. With 48 years’ experience in the resources industry. Mr Billingsley holds a Bachelor of Science Advanced degree in geology from the University of Saskatchewan, in Canada. He also obtained his Chartered Accountant designation and currently also holds designations as both a Professional Engineer and Professional Geoscientist.
Mr. Billingsley’s career highlights include leading the team that put Saskatchewan’s largest gold mine into production, still producing after 29 years; discovering several diamond-bearing kimberlites in Saskatchewan, one of which has now completed final feasibility; playing a major role in taking a junior potash company public, that was subsequently purchased by BHP; and establishing one of the first companies to recognise the importance of developing rare earth projects outside of China including downstream capacity.
Brian McMaster | Non-Executive Director
Mr. McMaster has almost 20 years’ experience in the area of corporate reconstruction and turnaround and performance improvement and 20 years in the mining industry. Mr. McMaster’s experience includes numerous reorganisations and the recapitalisation and listing of 12 Australian companies. Mr. McMaster’s career to date includes significant working periods in the United States, South America, Asia and India. Mr. McMaster was a founding director in venture capital and advisory firm, Garrison Capital Pty Ltd, and is also currently a director of a number of ASX and AIM listed companies.
Paula Smith | Non-Executive Director & Company Secretary
Ms. Smith is a finance professional with over 19 years’ experience and is presently a director of a consulting and secretarial advisory firm specialising in business advisory, consulting and back office support (finance and secretarial) to SMEs and ASX listed entities. Prior to that Ms. Smith held senior roles in advisory firms KordaMentha and Ernst & Young. Ms. Smith holds a Bachelor of Commerce/Law (Hons), is a qualified Chartered Accountant and a Graduate of the Australian Institute of Company Directors.