The seaside town of Noosa recently played host to the JMM Noosa Investor Lunch. Pic via Getty Images.
Events
The annual Noosa Mining Investor Conference in Queensland’s Sunshine Coast has developed over the years to become one of the resources industry’s ‘must attend’ events on the East Coast.
Jane Morgan Management held an exclusive lunch at Locale on July 18th – gathering the who’s who of ASX listed companies.
The lunch was designed to deliver short and succinct, valuable insights and opportunities from companies with exposure to gold, lithium, copper, uranium and even gas to the investor community in a relaxed and engaging manner.
Ecuadorean exposure to copper and gold
CEO, Melanie Leighton
One of the top performing junior exploration stocks on the ASX year to date, up just over 70%, is copper and gold explorer and developer Titan.
The company’s main game is the Dynasty gold project in Ecuador, which hosts 3Moz gold at a grade of about 2.2g/t – with a resource update due out in the coming weeks.
“Really what we’re trying to do with that project is grow it to 5+Moz to be a substantial, standalone project,” Leighton told Stockhead’s Fraser Palamara.
Resource drilling planned for the second half of the year and the results of a pre-scoping study are due out in the third quarter.
On the copper front, drilling is planned at the company’s Linderos project where Gina Rinehart’s Hancock Prospecting subsidiary Hanrine – signed a JV earn-in deal to secure up to 80% of the project for a spend of US$120m or a decision to mine.
A steady flow of drill results expected from both the company’s gold and copper projects are expected in the second half of this year.
Economically sustainable energy supply
CEO, David Wrench
The integrated energy company has a unique approach to sustainable energy supply with its Moranbah Gas Project (MGP) – an established coal mine waste gas project capable of processing 30 PJ per annum, with 240 PJ of 2P reserves.
Beyond producing and supplying gas from around 120 production wells, the project processes gas from surrounding coal mines, an offering which allows the company to both make the coal mine safer ahead of operations and significantly reduce emissions.
“If we didn’t drain that gas, it would be otherwise flared or vented into the atmosphere so we’re able to perform a unique carbon abatement service for our mining collages as well as providing gas and energy for the Queensland market,” Wrench told Stockhead.
The company is also primed to support the Eastern states forecast gas deficit, currently sending gas through the North Queensland gas pipeline to Townsville where it runs a power station to generate and dispatch energy to the national electricity market at times of maximum demand.
QPM is also working on bolstering its substantial reserves, with seven new wells expected to enter production in the December quarter.
Growth in spades at Mt Chalmers
Executive chairman, Andrew Spark
Since listing three years ago, the Queensland copper developer has completed 20,000m of drilling, six resource updates, Pre-Feasibility Study (PFS) and maiden reserve statements at its historic Mt Chalmers mine.
And they’re not finished yet, a 10,000m drilling program for 60 holes is underway at the Devlin Creek deposit next door, and Sparks told Stockhead’s Sarah Hughan some of those holes are “absolute crackers”.
“High-grade, near surface, big widths, everything you want to see, so we’re going to focus on
Infill drilling that resource and incorporating it into the mine plan at Mt Chalmers – but also do some step out drilling to see if we can grow it,” he said.
Not to mention, there’s five more deposits that are not in the recent PFS, so the company is confident there could be even more growth on the cards.
Accumulating lithium brine land in Arkensas
Non-executive director, Tim Goldsmith
The lithium explorer has spent the last six months building its footprint in the prolific Smackover Formation in Arkensas – a region host to the highest grades of lithium in oil field brines anywhere in the world.
And the historic oil producing region has become a major attraction this year, with big names like ExxonMobil, Albemarle, Standard Lithium and Tetra all developing potentially multi-billion-dollar projects.
The company is now the largest acreage holder outside of the majors in the Smackover area after increasing its landholding by 16.7% to almost 26,000 acres.
But now it’s time to jump into exploration, Goldsmith told Stockhead.
“We’ll identify the right place to re-enter a well so we can get excess brine, bring it above surface and do testwork to determine the best way to go about the direct lithium extraction,” he said.
Keep your eyes peeled for a very different Pantera by the end of the year, Goldsmith says.
Clear pathway to gold production
CEO, Alex Passmore
The gold junior recently announced a key deal with one of the major players in the Murchison goldfield in WA, with miner Westgold (ASX:WGX) to bring OAU’s high grade 240,000oz Crown Prince deposit into production.
WGX will also pick up $6m worth of shares for a ~15% cornerstone stake.
The plan is to mine the high-grade open pit at the project and sell the ore to Wesgold.
“We see ourselves as having a clear pathway to gold production within the next 12 months which will enable us to generate our own cashflow which is pretty special for a company of our size,” Passmore told Stockhead.
Meanwhile drilling to expand the 240,000oz resource at around 4g/t is underway with any additional ounces expected to go straight into the mine plan – and to boost the company’s valuation.
Hunting for gold and lithium
MD, Ben Dunn
The company has gone from a coal producer in Tanzania to battery materials and new energy production, with exploration licences in WA and Canada, and a flagship lithium project in Maggie Hays Hills near Esperance.
Both gold and lithium is on the agenda, with 2,000-2,500m of RC drilling set to kick off in the coming weeks.
“We’re primarily concentrating on the pegmatites, looking for lithium, as the geochemistry is excellent for the pathfinder minerals,” Dunn told Stockhead’s Sarah Hughan.
By September the company expects to be back on the ground at the Llama project in Canada looking for lithium.
Pure play uranium in the Athabascan basin
MD, Pete Moorhouse
The company has three exploration projects – Marshal and North Millenium and Geikie – in Canada’s prolific Athabasca basin, home to huge uranium operations such as Cameco’s producing McArthur River and Cigar Lake mines.
Exploration at Marshal and North Millenium is looking promising to date.
“What we’re seeing there is a tantalising EM signature which is basically a drill ready target that looks remarkably like we’ve got anomalism sitting there characteristic of some of these very large conformity related uranium deposits,” Moorhouse told Stockhead.
At Geikie, phase two drilling results are pending, but Moorhouse says there’s “phenomenal” similarities to basement hosted mineralisation which are known to be quite large and high-grade – like the Arrow deposit, which contains 337.4Mlbs at 1.8% U3O8.
Stay tuned as the company unpicks the uranium puzzle in Canada.
Picking up land in Kazakhstan
MD, Shannon Green
Earlier this year the company picked up the Ulytau project in Kazakhstan, home to Kazatomprom, the world’s largest uranium producer.
C29 is the first listed junior to go into the country, which provides around 43% of the global market.
And they’re on the hunt for more land, with the company looking to grow it’s footprint significantly.
“We’re taking a 28km2 footprint to 200+km2,” Green told Stockhead’s Sarah Hughan.
Soil sampling is on the horizon, with drilling planned to work towards resource delineation.
A fresh rare earths and titanium play
The fresh explorer listed in June and shortly after delivered a maiden resource for its Tiros rare earths and titanium project in Brazil of 1.7Bt at 3,900ppm Total Rare Earth oxide (TREO), 1,100ppm Magnet Rare Earth Oxides (MREO) and 12% titanium dioxide.
That’s higher than any other clay style rare earths deposit, and with exploration permits covering 45,000 hectares and data from over 11 years of exploration, there could be significant resource growth potential.
It’s also a free dig deposit, with no crushing and grinding required which bodes well for a speedy process from exploration through to mine planning and development.
A comprehensive metallurgical test work program is now underway with results expected in the near term.
At Stockhead we tell it like it is, while Queensland Pacific Metals, QMines, Pantera Minerals, Intra Energy Corp, and C29 Metals are Stockhead advertisers, they did not sponsor this article.
Events
Events
Events
