Explorers keen to give investors a good show at RIU Resources Round-up
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Special Report: You know the market is picking up when a large number of small cap ASX-listed exploration and development companies commit to presenting at a top Australian conference.
In its 16th year, RIU Sydney Resources Round-up connects one of the largest investment audiences in Australia with ASX-listed resources companies.
Brokers and investors from all over Australia come to see and hear first-hand from the companies what progress has been made and what their strategies will be for the next 12 months and beyond.
This year’s line-up includes over 60 resources companies — the majority of which are in the exploration and development stage, and not yet generating any revenue.
Conferences are a good barometer of market sentiment, and with the high number of resources players again committing to front investors, it is a good sign the market is in a much better place.
This has seen the conference again expand out to a two-and-a-half day event.
“This is a really strongly participated event,” Jaxon Crabb, business development manager – resources for conference organiser Vertical Events, told Stockhead.
“The conference has developed into a real influential show, bringing a large Sydney investment community to listen to these companies.”
The conference — which Stockhead supports as official media partner — kicks off at 1pm on Tuesday May 7 and runs until 3.55pm Thursday May 9.
The conference has its finger on the pulse of matters important to the industry and is featuring several interesting keynotes, including a presentation by Association of Mining and Exploration Companies CEO Warren Pearce on the federal election and the impact on the mining/exploration industry.
There will be a broad mix of resources players, from those active in the hot right now gold space to those on the hunt for battery metals, base metals and even potash.
Investors will hear from advanced vanadium player Technology Metals Australia (ASX:TMT).
The company is advancing rapidly towards production and is closing in on the completion of a definitive feasibility study (DFS), which is slated to be delivered mid-2019.
The Gabanintha project near Meekatharra in Western Australia is shaping up to be a large, long-life, low-cost mine.
Also presenting is emerging lithium and boron producer ioneer (ASX:INR), which is rapidly advancing its low-cost Rhyolite Ridge project in Nevada.
At full capacity the mine will produce 20,000 tonnes of lithium carbonate and ioneer’s goal is to be in production by mid-2021.
Rhyolite Ridge is expected to be one of the lowest cost lithium projects and it is in the very mining jurisdiction that Canadian public policy think tank Fraser Institute just ranked number one.
Those interested in lithium will also get to hear from AVZ Minerals (ASX:AVZ).
AVZ is well-known for its mammoth lithium find in the Democratic Republic of the Congo.
With a resource of 400.4 million tonnes grading 1.66 per cent lithium, AVZ’s Roche Dure deposit, part of the Manono project, is the largest tonnage and one of the highest grades of undeveloped hard rock lithium resources in the world.
On the potash front, investors will get an insight into ASX hopeful Trigg Mining, which has launched a fresh IPO to pave its way onto the local bourse.
The Perth-based company has 2640 sq km of sulphate of potash-prospective land near Laverton, Western Australia.
Trigg is focused on establishing a domestic market in Australia because right now the country imports all its potash.
A somewhat new entrant to the potash space is BCI Minerals (ASX:BCI), which is getting out of iron ore and has diversified into salt, potash and gold.
BCI is a joint venture partner on the Carnegie potash project, which is located about 220km east-north-east of Wiluna in Western Australia.
Gold fans will be eager to hear from De Grey Mining (ASX:DEG), which is rapidly building its Pilbara gold inventory to 2 million ounces.
The company recently uncovered more thick, high-grade gold at its Toweranna deposit and is assessing a number of other early stage exploration targets.
De Grey’s Pilbara gold project, located 60km south of Port Hedland in Western Australia, hosts over 200km of mineralised shear zones within the its vast 1500 sq km landholding.
Other companies presenting at RIU Sydney Resources Round-up include Bellevue Gold (ASX:BGL), VRX Silica (ASX:VRX)and St George Mining (ASX:SGQ).
Bellevue has one of the highest-grade gold projects in Australia and is a bit of a market darling, having gained over 330 per cent since mid-June last year.