Six carefully selected junior mining companies, all in the advanced exploration phase of the discovery process, will outline their plans to create wealth for investors at the Resources Rising Stars Twilight Series in Brisbane, Melbourne and Sydney next week.
Resources Rising Stars, the national events division of investor relations consultancy Read Corporate, is back with its Twilight Series – the first proper event of its kind since COVID – and it brings with it a fresh line-up of ‘under the radar’ junior mining stocks for an afternoon of presentations.
Providing an unrivalled opportunity to develop an in-depth understanding of the projects, their potential and the investment proposition, the Twilight Series aims to bring retail investors face-to-face with the management teams driving new and exciting exploration projects.
The event is taking place over three cities – Brisbane (25 July), Melbourne (26 July), and Sydney (27 July) from 3-6pm where six companies will present.
Attendance is free with afternoon tea and networking drinks provided – register to watch the presentations in person at www.resourcesrisingstars.com.au.
Massive uplift for stocks in the discovery phase
As was the case with companies like Liontown Resources (ASX:LTR), Sandfire Resources (ASX:SFR), and Pilbara Minerals (ASX:PLS) – all penny stocks before hitting the big time – Read Corporate managing director Nicholas Read says the big value uplift generally occurs in the discovery phase for investors.
“The junior sector in Australia has punched above its weight over the past decade in terms of delivering Tier-1 discoveries, as we’ve seen with the likes of De Grey’s Hemi gold deposit, Chalice’s Julimar critical metals discovery, Pilbara’s Pilgangoora lithium deposit and Kidman Resources’ Mount Holland lithium deposit.
“We’ve tried to pick companies here which haven’t obviously got to that scale yet but have shown to some degree that they are on to something big in terms of a new discovery with drill rigs on the ground, money in the bank, and the ability to make things happen and go the next level.”
Who’s on the line up?
Gascoyne Resources (ASX:GCY), the headline act, was once a struggling low-grade producer before it made the difficult decision to shut down operations at the Dalgaranga gold mine in WA’s mid-west last year, in the vicinity of significant Aussie gold producers like Westgold Resources (ASX:WGX), Ramelius Resources (ASX:RMS), and Silver Lake Resources (ASX:SLR).
“They had a rethink of where the gold was hosted in the Dalgaranga field – and it’s quite a funny story – they turned the rigs around in a different direction and uncovered the high-grade Never Never discovery, which is literally on the edge of the existing pit,” Read explains.
“It’s quite incredible.
“They’ve drilled it out and established an initial resource of just over 300,000 ounces at just over 4.6 grams a tonne with some spectacular results including 50 metre type intersections of 6 to 8 grams… very impressive stuff.”
Well-credentialed management teams make all the difference
While Gascoyne remains “one of the best new discoveries in the gold space” in recent times in Read’s book, other companies like Minerals 260 (ASX:MI6) have garnered market attention for well-credentialed executive management teams.
Part of Tim-Goyder’s stable, the Liontown spinoff is headed up by ex-OZ Minerals (ASX:OZL) mining executive Luke McFadyen and technical director David Richards, the founder of the LTR’s Kathleen deposit, to help drive the company on its journey into future-facing commodities.
MI6’s Aston project sits in the heart of the emerging Gascoyne lithium-REE province, where exploration has focused along strike and in between two key prospects that Delta Lithium (ASX:DLI) has been drilling.
Improving the odds with the drill bit
Other companies on the Twilight program include Sunstone Metals (ASX:STM) whose latest drilling results outside the current resource boundary at the Bramaderos project in Southern Ecuador sparked a company breakthrough at the Limon prospect.
A broad intersection of 101m grading 4.9g/t gold equivalent including 31m at 12.93g/t gold equivalent marked a game changing moment with big implications for size, grade and development prospects.
Companies like Cygnus Metals (ASX:CY5), on the cusp of putting out a maiden resource at the Pontax project, will discuss the ins and outs of their development strategy amid global interest in Canada’s James Bay region while Kairos Minerals (ASX:KAI) will take investors through their latest exploration wins at the Roe Hills lithium project.
And rounding out the group is Kingsland Minerals (ASX:KNG), which is in the early stages of what looks to be a large-scale graphite discovery at its Leliyn project in the Northern Territory.
“These companies are making their own noise and will hopefully make a difference with the work they are doing with the drill rig, regardless of what the broader market does,” Read adds.
“They have already improved the odds in terms of initial exploration work and have demonstrated they’ve got something to build on – that’s why we chose them.”
The Resources Rising Stars Twilight Series will be on in Brisbane (25 July), Melbourne (26 July), and Sydney (27 July) from 3-6pm.
Attendance is free, but registration is essential.
Visit www.resourcesrisingstars.com.au to sign up for the event, or find details on how to watch the presentations online.
At Stockhead we tell it like it is. While Kingsland Minerals is a Stockhead client, it did not sponsor this article.
You might be interested in
