Webinar: RRS Investor Conference - Day Two, Session Four by Read Corporate

About This Webinar

This free two-day investor webinar will include presentations from some of Australia's most exciting emerging resource companies.

Agenda

Venturex Resources (ASX: VXR)
Bardoc Gold (ASX: BDC)
Firefly Resources (ASX: FFR)
Trigg Mining (ASX: TMG)
New World Resources (ASX: NWC)

Venturex Resources (ASX: VXR)

Anthony Reilly - Managing Director

Venturex Resources (ASX: VXR) returns to the RRS podium with the all-important key approvals for its flagship Sulphur Springs Copper-Zinc Project in Western Australia’s Pilbara region in place and a new drilling program underway targeting potential new discoveries in close proximity to the existing resource.

Against the backdrop of rising base metal prices and improved sentiment in the sector generally, Sulphur Springs is ideally placed as one of the few advanced, development-ready assets globally.

Venturex recently secured two key Government approvals for Sulphur Springs, with the receipt of the long-awaited Environmental Approval and Mining Proposal Approval paving the way for the construction of surface infrastructure and preliminary ground works to commence.

A Definitive Feasibility Study for the Sulphur Springs Project outlined a project capable of producing 65,000tpa of copper concentrate and 75,000tpa of zinc concentrate annually over a mine life of more than 10 years.

The project is forecast to generate life-of-mine revenues of over $2.6 billion and will deliver pre-tax life-of-mine free cash-flow of $818 million, generating a pre-tax Net Present Value (using an 8% discount rate) of $472 million and internal rate of return of 51%.

Bardoc Gold (ASX: BDC)

Robert Ryan - Chief Executive Officer

With a board and leadership team featuring some familiar RRS names including Pilbara Minerals founders Tony Leibowitz, Neil Biddle and John Young, Bardoc Gold (ASX: BDC) is well on the way to becoming one of Australia’s next significant mid-tier gold producers at its 100%-owned namesake gold project near Kalgoorlie in WA.

Over the past two years, the Company has undertaken a highly successful M&A and exploration strategy, consolidating a 247km2 landholding and establishing a +3Moz JORC Mineral Resource at the Bardoc Project – one of the largest gold inventories in the district.

A March 2020 Pre-Feasibility Study showed that Bardoc is one of the best undeveloped gold projects in the Eastern Goldfields, outlining average production of 135,000ozpa at an all-in sustaining cost of A$1,220/oz over an initial 8-year mine life.

Bardoc is targeting completion of a Definitive Feasibility Study by Q1 2021 with the aim of commencing construction and mining in Q3 2021. Following a transformational $24M capital raising in July 2020, the Company holds cash reserves of over $27M, putting it in a very strong position as it makes the transition from explorer to developer to producer.

Firefly Resources (ASX: FFR)

Simon Lawson - Managing Director

Firefly Resources (ASX: FFR) has burst onto the scene as one of the hottest up-and-coming junior gold stocks on the ASX following a frenetic six months which saw it complete the transformational acquisition of the Yalgoo Gold Project in Western Australia and kick off a maiden drilling program that has delivered exceptional high-grade results.

Yalgoo is located in a Tier-1 mining district, lying between Ramelius Resources’ 6Moz Mt Magnet gold mine and Silver Lake Resources’ Deflector copper-gold mine, and includes the advanced Melville Deposit, which hosts a shallow historical Mineral Resource of 140,000oz, which commences from surface and remains open in all directions.

Firefly’s maiden drilling program commenced at Melville in August, with results including a spectacular intercept of 6m @ 244.91g/t Au including a remarkable zone of 1m @ 1,439.55g/t. This monster result came from just 50m depth, in a new ore position located outside of the existing Resource.

Underpinned by a recent successful $6 million capital raising, Firefly has just completed a 4,000m Phase 2 RC drilling program to follow-up on possible extensions to the very high-grade “structural” mineralisation seen in the initial program, with results expected mid-November. Phase 3 RC drilling will commence mid-November primarily targeting resource extensions to the north where historical drilling has shown encouraging grades across a 4km long trend.

Trigg Mining (ASX: TMG)

Keren Paterson - Managing Director

Trigg Mining (ASX: TMG) – named after one of WA’s founding fathers, Henry Trigg – makes its debut at RRS a little over a year since listing on the ASX and already well on its way to realising its vision of being a modern, purpose-driven exploration company engaging in sustainable mining to help deliver global food security.

In a relatively short space of time, Trigg has defined an Inferred 6Mt resource of drainable SOP at its Lake Rason Sulphate of Potash Project and made an exciting high-grade discovery at the potentially much-larger Lake Throssell Project, both located ~170km east of Laverton close to existing infrastructure.

SOP is a fertiliser that provides vital nutrients for agricultural production. Australia currently relies on imports of potash fertiliser, and Trigg sees a compelling opportunity to establish a reliable and sustainable source of local SOP supply.

Initial exploration programs at Lake Throssell have confirmed the presence of several interpreted palaeovalley positions underlying high-grade SOP results. Trigg believes these targets have strong potential to host large-scale SOP mineralisation, particularly given that similar systems in the region are currently subject to mining studies.

An in-fill gravity survey has been completed, defining a palaeovalley up to 6km wide and extending for around 46km under the granted central tenement. Air-core drilling will commence mid-November to underpin the delivery of a maiden Mineral Resource.

New World Resources (ASX: NWC)

Mike Haynes - Managing Director

With copper prices on the rise thanks to global economic stimulus, US-focused junior New World Resources (ASX:NWC) is in the box-seat to fill the gap for a new exploration-development story on the ASX by rapidly advancing its plan to bring the high-grade Antler Copper Mine in Arizona, USA, back into production.

Antler is an advanced VMS deposit where around 70,000 tonnes of high-grade ore was mined between 1916 and 1970 – from surface to a depth of around 150m at an average grade of 2.9% copper, 6.9% zinc, 1.1% lead, 31g/t silver and 0.3g/t gold.

Between 1970 and 1975, underground drilling defined a panel of high-confidence, high-grade mineralisation immediately beneath the historical stopes that can be readily exploited. And a small 9-hole program of widely-spaced drilling delineated high-grade mineralisation over 500m of strike, to greater than 500m depth. But no further work was undertaken.

The Company’s maiden drilling program commenced in March 2020, with results delivering broad intercepts of massive and semi-massive sulphide mineralisation with the thickness of the mineralisation appearing to increase substantially with depth. Recent IP geophysical surveys have suggested that the exploration opportunity could be significantly larger than originally envisaged.

With drilling now in full swing, a maiden JORC 2012 Resource and Pre‐Feasibility Study are targeted for completion in Q1 2021.