Don Inglis is an Associate Director with the national Australian stockbroking firm, Canaccord Genuity.
Based in Perth, Don has more than 25 years’ experience in all aspects of broking, and was previously a Director of Saw James Capel and HSBC Securities. Don has spent many years advising clients on investment opportunities in the junior and mid-tier resource sector.
Fenix Resources (ASX: FEX)
Rob Brierley - Managing Director
Fenix Resources (ASX: FEX) is just weeks away from shipping the first iron ore from its Iron Ridge project in WA’s Mid-West. The project has secured the required approvals, marketing and sales agreements are in place, funding is complete following a $15 million share placement, early site works have commenced, MACA has been appointed as the mining and crushing contractor and port facilities have been acquired at Geraldton.
Iron Ridge is a relatively simple project which involves the production of low-cost direct shipping ore (DSO) which will be trucked to Geraldton. At current iron ore prices, the project stands to generate extremely strong free cashflow. The first shipment is scheduled for early next calendar year.
KIN Mining (ASX: KIN)
Andrew Munckton - Managing Director
Kin Mining (ASX: KIN) has been one of the strongest-performing junior gold stocks this year, thanks to its decision to refocus on exploration, targeting new, large, higher-grade discoveries at its flagship 945,000oz Cardinia Gold Project near Leonora in Western Australia.
The Company returns to the RRS podium with several new discoveries already under its belt, thanks to a fresh and systematic approach to exploration across its 436km2 tenement holding in this Tier-1 mining district.
Underpinned by a robust balance sheet thanks to strong support from long-standing cornerstone shareholders such as the Delphi Group and mining legend Kerry Harmanis, Kin is in the midst of a 45,000m drill program at Cardinia. All eyes will be on latest drilling results from discoveries such as Cardinia Hill, East Lynne, Lewis East, Collymore and Iron King, as well as an update of Mineral Resources scheduled before the end of 2020.
Alicanto Minerals (ASX: AQI)
Peter George - Managing Director
Alicanto (ASX: AQI) owns the Greater Falun copper-gold project in Sweden’s Bergslagen region, which hosts world-class base and precious metals projects such as the Garpenberg mine operated by Boliden and the Zinkgruvan mine operated by Lundin.
Bergslagen is widely viewed as a Tier-1 jurisdiction based on its large mineralised systems and pro-mining regime. The now-closed Falun mine in Bergslagen, which has a long mining history dating back over the best part of a thousand years, produced 28Mt of high-grade copper-gold-rich polymetallic ore with high-grade by-products of silver, zinc and lead in modern times.
Alicanto plans to drill several prospects at Greater Falun as part of the current program. At the time of writing, drilling at the first of these targets, known as the Green Mile prospect, had just intersected visible chalcopyrite copper in two holes. The drilling is ongoing with strong newsflow expected to continue.
Strandline Resources Ltd (ASX: STA)
Luke Graham - Managing Director
Strandline Resources (ASX: STA) is preparing to develop two major mineral sands projects: Coburn in WA’s Mid West and Fungoni in Tanzania. At Coburn, the Federal Government’s Northern Australian Infrastructure Facility (NAIF) has agreed to provide $150 million in project debt funding.
Strandline is now in advanced negotiations to secure the commercial debt tranche. Binding sales agreements are in place and some key construction contracts have already been signed.
At Fungoni, Strandline and Nedbank CIB have signed a US$26m debt funding agreement which accounts for most of Fungoni’s US$35m capital requirement.
Strandline has also completed a scoping study on its Tajiri mineral sands project in Tanzania based on the JORC Resources of 268Mt at 3.3% Total Heavy Minerals.