May 2, 2025

The 5 most interesting mining deals this week

A quick wrap up for the week as we rapid fire run through the five most interesting deals of the week. 

Plus we can't let the late quarterly reporters get away without our signature Name and Shame segment.

 

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Chapters:

(0:00) Introduction

(2:13) The top 5 deals of the week

(11:16) Name and Shame ASX Late Reporters 


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1
00:00:00,240 --> 00:00:02,000
Right O money wise.
I'm looking forward to the

2
00:00:02,000 --> 00:00:02,840
weekend.
Ellie, are you?

3
00:00:03,320 --> 00:00:04,960
Sure.
And happy Friday, OK.

4
00:00:05,240 --> 00:00:08,039
Friday, happy Friday and I think
we we joined forwards excellent

5
00:00:08,200 --> 00:00:10,640
interview going live yesterday.
I I actually reckon that the

6
00:00:10,640 --> 00:00:13,000
late quarterly reporters out
there thought they would get

7
00:00:13,000 --> 00:00:16,040
away without a name and change.
No, no, no, absolutely not.

8
00:00:16,720 --> 00:00:18,640
Never fear, Ellie.
We, we're, we're rolling it out

9
00:00:18,640 --> 00:00:20,400
today.
We, we, we never forget.

10
00:00:20,400 --> 00:00:22,640
We never forget.
And I'm gonna try my luck with

11
00:00:22,640 --> 00:00:24,360
the new segment myself.
I'm.

12
00:00:24,640 --> 00:00:26,720
I've been thinking about some of
the deals I've seen in the last

13
00:00:26,720 --> 00:00:27,640
week.
There's five of them.

14
00:00:27,640 --> 00:00:28,960
And I just keep thinking about
them so much.

15
00:00:28,960 --> 00:00:32,280
And I thought I'd rapid fire and
just tell you why they're still

16
00:00:32,280 --> 00:00:33,880
interesting to me.
The top five deals a week.

17
00:00:33,880 --> 00:00:37,600
And spoiler, I actually think I
got a bit too interested in one

18
00:00:37,600 --> 00:00:39,280
of them, namely the one in a
trading hall today.

19
00:00:39,280 --> 00:00:42,480
But first, Ali, I want you to
picture something, OK?

20
00:00:43,600 --> 00:00:46,040
Imagine you're the kind of minor
that truly cares about your

21
00:00:46,040 --> 00:00:47,680
workers, but you're picturing
it.

22
00:00:47,960 --> 00:00:49,240
I'm picturing it.
Yeah, you're not.

23
00:00:49,240 --> 00:00:50,920
You're not the kind that's all
talk, but the kind that really

24
00:00:50,920 --> 00:00:52,400
gives a crap.
You're you're growing

25
00:00:52,400 --> 00:00:53,880
production, you're bringing new
minds online.

26
00:00:53,880 --> 00:00:56,680
It's time to show your workers
that you care with the quality

27
00:00:56,680 --> 00:00:58,880
of facilities they get while
working away.

28
00:00:59,120 --> 00:01:03,360
Don't install boring donners or
a boring camp or you know, some

29
00:01:03,360 --> 00:01:07,400
dry boring place for people to
just sleep and exist.

30
00:01:07,400 --> 00:01:09,880
Doesn't sound very fun.
Make the accommodation as

31
00:01:09,880 --> 00:01:12,280
comfortable as possible for the
time you workers are away from

32
00:01:12,280 --> 00:01:14,640
their families.
This is where grounded comes in.

33
00:01:14,760 --> 00:01:16,920
The legends are grounded.
Don't just install, they design

34
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these things.
Up they do.

35
00:01:17,920 --> 00:01:22,000
No, they're full service from
concept to completion and the

36
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design side is super impressive.
The handle conceptual design,

37
00:01:26,040 --> 00:01:29,920
feasibility studies, detailed
renders, DA preparation and

38
00:01:29,920 --> 00:01:32,480
submission and building perm
applications, or just to name a

39
00:01:32,480 --> 00:01:35,040
few.
Your life is easy when when your

40
00:01:35,040 --> 00:01:38,840
work is a living in a five star
resort in in the Bush, Ali,

41
00:01:38,840 --> 00:01:42,360
that's like this is a five star
FIFO camp.

42
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That's what this is.
You need to review on these

43
00:01:44,040 --> 00:01:46,280
things like Google reviews.
If if you Google reviewed

44
00:01:46,560 --> 00:01:48,400
grounded camps, they'd be
that'll be 5 stars.

45
00:01:48,560 --> 00:01:50,960
These are five stars.
You can even check out a few.

46
00:01:51,040 --> 00:01:54,080
I mean you've got the the
Rockley Palms 1 they did for Rio

47
00:01:54,080 --> 00:01:57,000
Tinto 262 new double Storey
accommodation.

48
00:01:57,440 --> 00:02:00,400
The one I it's a particular
favorite of mine is the

49
00:02:00,600 --> 00:02:04,120
Christmas creep at Fortescue.
They put in an additional 200

50
00:02:04,120 --> 00:02:06,640
rooms but my favorite bit they
added a brand new Wellness

51
00:02:06,640 --> 00:02:10,440
centre with a massage studio, a
hair salon and yoga.

52
00:02:10,800 --> 00:02:12,680
That is so cool.
I love that you're ever going to

53
00:02:12,680 --> 00:02:14,880
go FIFO, Ally.
I think I know which which.

54
00:02:14,960 --> 00:02:16,160
Companies, you've got to check
that there's a.

55
00:02:16,200 --> 00:02:18,040
Join Ford SQ in requesting
Christmas Creek.

56
00:02:18,040 --> 00:02:20,480
Yeah, I've.
Got I'm going to need somewhere

57
00:02:20,480 --> 00:02:23,960
to do my reformer plan.
Love it to care about your

58
00:02:23,960 --> 00:02:24,600
workers.
Prove it.

59
00:02:24,600 --> 00:02:25,840
Get grounded to make their life
better.

60
00:02:26,120 --> 00:02:27,840
Go grounded.
All right, Ally.

61
00:02:28,640 --> 00:02:30,760
So I've got some, I've got some,
some deals that have piqued my

62
00:02:30,760 --> 00:02:33,480
interest over the last few days.
I thought, I thought I'd, yeah,

63
00:02:33,480 --> 00:02:34,720
just wrap it into a bit of a
segment.

64
00:02:34,720 --> 00:02:37,840
And normally when there's a
deal, we do a like a, a

65
00:02:38,000 --> 00:02:40,440
relatively thorough breakdown.
But today I just wanted to RIP

66
00:02:40,440 --> 00:02:43,320
through, you know, a few of the
ones that that over the last few

67
00:02:43,320 --> 00:02:45,520
days I've just found, like,
pretty damn interesting.

68
00:02:45,880 --> 00:02:48,280
What's top of your list, Trev?
What's #1.

69
00:02:49,280 --> 00:02:52,280
The Alkane Mandalay merger, I
know JD talked about this

70
00:02:52,520 --> 00:02:54,840
already the day it came out, but
I keep, I just keep thinking

71
00:02:54,840 --> 00:02:56,200
about it.
It's it's, it's actually a

72
00:02:56,200 --> 00:02:58,200
really interesting deal to me.
Both Alkane and Mandalay,

73
00:02:58,200 --> 00:03:00,960
they're in that subscale kind of
producer cohort.

74
00:03:00,960 --> 00:03:02,680
So it's it's easy to overlook
them.

75
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This is a new premium merger.
The pro forma is a billion

76
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dollar company and they're going
to produce 160,000 ounces of

77
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gold in 2025.
The tie up kind of catapults

78
00:03:13,200 --> 00:03:15,480
them just from a production
perspective into a different,

79
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completely different P set that
warrants kind of new eyeballs.

80
00:03:19,280 --> 00:03:22,120
Yeah, you know, they kind of
move out of the the category of

81
00:03:22,120 --> 00:03:25,720
peers that are all, all in that
kind of subscale production when

82
00:03:25,720 --> 00:03:27,920
you're doing your, you know, you
go producer peer comps.

83
00:03:28,160 --> 00:03:31,120
So like there's a there's a
smaller scale production cohort

84
00:03:31,120 --> 00:03:34,080
with like blackout maker, you
know, Bacon, Kingsgate, those

85
00:03:34,080 --> 00:03:36,760
guys that don't get as much
attention and they'll they move

86
00:03:36,760 --> 00:03:38,600
into that peer group.
It's like Bellevue, Ventura

87
00:03:38,600 --> 00:03:42,000
Catalyst or Banda.
It's on, it's on.

88
00:03:42,080 --> 00:03:44,160
It's honestly what their
performing production is.

89
00:03:44,160 --> 00:03:45,840
It's going to be more than
Capricorn and Emerald, but

90
00:03:45,840 --> 00:03:47,800
obviously different unit costs
and growth outlook.

91
00:03:47,880 --> 00:03:50,480
So not, not visa fee, but I
just, I've just found it

92
00:03:50,480 --> 00:03:53,240
interesting.
These are a bunch of small mines

93
00:03:53,240 --> 00:03:55,240
that are in the portfolio.
Small mines are typically high

94
00:03:55,240 --> 00:03:59,080
cost, high cost equals leverage.
So, you know, it's not like

95
00:03:59,680 --> 00:04:02,080
it's, it's not a simple story.
It's definitely like, you know,

96
00:04:02,080 --> 00:04:03,360
there's a lot of stuff going
around.

97
00:04:04,000 --> 00:04:07,560
But, but I, I still find it
interesting that production

98
00:04:07,560 --> 00:04:10,520
profile is, is it's now more
than respectable and to get like

99
00:04:10,680 --> 00:04:12,200
a, a new premium deal over the
line.

100
00:04:12,200 --> 00:04:15,160
I think it, it works for all
shareholders of both companies.

101
00:04:15,520 --> 00:04:18,000
That's why I'm a fan of it.
I'm kind of curious if someone

102
00:04:18,000 --> 00:04:22,960
tries to to to interlope in some
way now that Mandalay is, is

103
00:04:22,960 --> 00:04:27,040
effectively in play without a, a
new like with a new premium in

104
00:04:27,040 --> 00:04:29,840
this merger, someone could come
in if they wanted to, to pay a,

105
00:04:29,960 --> 00:04:33,320
you know, a premium.
Yeah, OK, Lots of goldies want

106
00:04:33,320 --> 00:04:34,880
growth, right?
And and here he's here.

107
00:04:34,880 --> 00:04:37,440
He's here's something you don't
you don't need to pay too much

108
00:04:37,520 --> 00:04:42,040
of A premium to get it it.
But you know, the the other side

109
00:04:42,040 --> 00:04:44,760
of that argument of it being a
target for an intellect bro,

110
00:04:45,120 --> 00:04:46,880
like this is a merger of
vehicles with with minimal

111
00:04:47,120 --> 00:04:50,560
premium cross cross-border with
a bit of, you know, lagging and

112
00:04:50,560 --> 00:04:52,680
currency risks.
So there's there's a fair bit

113
00:04:52,720 --> 00:04:55,040
higher up the execution
difficulty difficulty curve for

114
00:04:55,040 --> 00:04:56,840
someone to really try to get it
get in the way here.

115
00:04:56,840 --> 00:05:01,800
Warranty into like fascinating
and #2 you've got resolute

116
00:05:01,800 --> 00:05:05,800
buying Cote d'ivo growth
projects from Anglo Gold

117
00:05:05,800 --> 00:05:08,280
Ashanti, so a bit of a move away
from Mali.

118
00:05:08,440 --> 00:05:10,760
Mali's Mali's been Mali's.
Been tricky for Resolute but

119
00:05:10,760 --> 00:05:12,120
this one really caught my
attention yesterday.

120
00:05:12,840 --> 00:05:14,920
It looks a a really interesting
deal.

121
00:05:15,160 --> 00:05:16,920
So Resolute they've they've
purchased Anglo Gog's

122
00:05:16,920 --> 00:05:20,200
development projects in Cote
d'Ivoire, namely Deropo and ABC

123
00:05:20,320 --> 00:05:22,800
project.
They're only paying USA $150

124
00:05:22,800 --> 00:05:26,120
million in staged payments.
There's a royalty on the earlier

125
00:05:26,160 --> 00:05:30,360
stage 1 and a small, small
contingent in in addition, but

126
00:05:30,600 --> 00:05:33,560
Deropa is the more advanced
project of of the two.

127
00:05:33,560 --> 00:05:36,760
And this came into Anglo Gold's
portfolio via the acquisition of

128
00:05:36,760 --> 00:05:39,240
Sentiment last year.
Sentiment's got that giant mine

129
00:05:39,240 --> 00:05:41,760
in Egypt and this was the
development project that was

130
00:05:41,960 --> 00:05:44,040
less interesting clearly to to
Anglo Gold.

131
00:05:45,000 --> 00:05:49,360
What, what, what the DFS was
done on Deropo just last year in

132
00:05:49,360 --> 00:05:54,160
2024, which showed 167,000 oz
production profile for 1010

133
00:05:54,160 --> 00:05:57,280
years.
And the CapEx is it's like it's

134
00:05:57,280 --> 00:05:59,120
decent CapEx right US $400
million.

135
00:05:59,120 --> 00:06:01,840
But there's there's quite an
interesting project here to just

136
00:06:01,960 --> 00:06:04,800
to my eyes and it doesn't scream
out of this world inexpensive

137
00:06:04,960 --> 00:06:08,680
price to be to be paying for a
pretty respectable production

138
00:06:08,680 --> 00:06:10,400
profile.
Yeah, fascinating.

139
00:06:10,400 --> 00:06:11,320
Don't know.
What you thought of it, Al?

140
00:06:13,000 --> 00:06:17,960
I actually, I just caught up on
it now, so I'm learning about it

141
00:06:18,240 --> 00:06:20,480
just as we speak.
So no.

142
00:06:21,240 --> 00:06:24,280
I think it's in a part of Cote
d'Ivoire that that, yeah, like

143
00:06:24,280 --> 00:06:26,520
it's, I mean, Cote d'Ivoire is
one of the more attractive

144
00:06:26,520 --> 00:06:28,960
countries to operate, but
there's variation in different

145
00:06:28,960 --> 00:06:30,800
parts of the region.
I'm not quite sure if this is

146
00:06:30,800 --> 00:06:33,000
the, you know, the simplest part
of Cote d'Ivoire to operate in.

147
00:06:33,000 --> 00:06:36,360
However, on paper, like I'm
pretty interested in this deal

148
00:06:36,360 --> 00:06:38,400
and I think it's a really
interesting move by by Resolute,

149
00:06:38,400 --> 00:06:41,880
you'd you'd have imagined that
that like Anglo Gold would have

150
00:06:41,880 --> 00:06:45,520
run a process to to sell this.
But the way that this came out,

151
00:06:45,520 --> 00:06:48,640
there was like a swap of tenant
like resolutes tenements in

152
00:06:48,640 --> 00:06:50,000
Guinea.
That was kind of part of it all.

153
00:06:50,160 --> 00:06:52,640
It screamed a bit bilateral,
which if it was bilateral,

154
00:06:52,640 --> 00:06:55,200
that's a pretty cool outcome for
for Resolute, but you would have

155
00:06:55,200 --> 00:06:57,320
imagined there was a process.
But anyway, I just find it

156
00:06:57,320 --> 00:06:59,480
interesting.
Takes me to my third deal, Ally.

157
00:06:59,480 --> 00:07:01,680
This is a very funny 1 I think.
Yeah.

158
00:07:01,680 --> 00:07:04,600
So we're pivoting now to TIN.
Tin and Morocco.

159
00:07:04,600 --> 00:07:07,640
So Atlantic tin is getting
acquired by Zhengy.

160
00:07:07,640 --> 00:07:09,160
Inner Inner Mongolia, they're
called.

161
00:07:09,160 --> 00:07:11,120
This is hilarious for a couple
of reasons.

162
00:07:11,120 --> 00:07:14,920
Atlantic TIN is what became of
the old ASX listed Kasbar

163
00:07:14,960 --> 00:07:18,160
resources for the people that
are rolled enough to to remember

164
00:07:18,160 --> 00:07:21,560
Kasbar that was working on
developing A-Team project in in

165
00:07:21,560 --> 00:07:24,840
Morocco.
And when when that stopped being

166
00:07:24,840 --> 00:07:27,680
listed on the ASX and I'd have
to do my research to to

167
00:07:27,680 --> 00:07:30,240
understand all the history there
effectively became majority

168
00:07:30,240 --> 00:07:33,960
controlled by Parlor.
And now that there's a a deal in

169
00:07:33,960 --> 00:07:38,120
place for the project to be sold
to Genie in in Mongolia for what

170
00:07:38,120 --> 00:07:42,880
is a total equity value of
$98,000,000 cash, The

171
00:07:42,880 --> 00:07:45,480
fascinating thing about the
announcement that's popped up,

172
00:07:45,480 --> 00:07:48,480
it reveals the premium to last
traded price is a.

173
00:07:49,680 --> 00:07:55,560
Last traded price was about five
years ago though. 1500% those

174
00:07:55,560 --> 00:07:58,840
lucky Casbar shareholders who
maybe they, I know, I know some

175
00:07:58,840 --> 00:08:00,600
of them are a bit grumpy, but
some of them probably thought

176
00:08:00,600 --> 00:08:02,960
there's, there's, there's,
there's there's no light at the

177
00:08:02,960 --> 00:08:05,480
end of the tunnel.
There's a yeah, I think, I think

178
00:08:05,640 --> 00:08:07,200
some of them are still pretty,
pretty frustrated.

179
00:08:07,200 --> 00:08:10,120
But regardless, that's a, that's
an astounding, an astounding

180
00:08:10,120 --> 00:08:12,000
premium to ever say even though
that was five years.

181
00:08:12,000 --> 00:08:13,320
Ago.
Don't say that everyday you

182
00:08:13,880 --> 00:08:14,120
don't.
Oh.

183
00:08:15,280 --> 00:08:18,200
Love it #4 Ellie this.
Ever got?

184
00:08:18,360 --> 00:08:21,840
This was Tabani, yeah.
The the, you know, African gold

185
00:08:21,840 --> 00:08:25,320
developer, they, they announced
this financing from Eagle Eye

186
00:08:25,400 --> 00:08:27,360
Asset Management.
They basically merged with a

187
00:08:27,360 --> 00:08:31,200
strategic equity investment from
Eagle Eye of around $15 million

188
00:08:31,800 --> 00:08:36,320
plus a non binding intention for
USA, $160 million debt facility

189
00:08:36,320 --> 00:08:38,039
non binding.
So you can't take up a grain of

190
00:08:38,039 --> 00:08:39,280
salt.
But regardless, it is

191
00:08:39,280 --> 00:08:42,600
interesting because this family
office Eagle Eye Asset

192
00:08:42,600 --> 00:08:45,520
management, they keep popping up
everywhere on African

193
00:08:45,520 --> 00:08:46,680
Development.
What other?

194
00:08:47,200 --> 00:08:49,960
What other projects are they?
Companies are getting involved.

195
00:08:50,040 --> 00:08:53,680
Massive shareholder of Canyon,
massive, massive shareholder of,

196
00:08:53,720 --> 00:08:56,360
of Prospect Resources.
And now, now to Barney.

197
00:08:56,360 --> 00:08:58,720
But it's I, I talked about it on
the party the other day.

198
00:08:58,720 --> 00:09:01,240
It's, it's this bit like family
office based in Singapore.

199
00:09:01,240 --> 00:09:03,840
And while not explicitly stating
it's the family office of Gareth

200
00:09:03,840 --> 00:09:07,200
Gupta, it appears to be Gareth
Gupta's family office.

201
00:09:07,800 --> 00:09:11,600
Yeah, that, but you know, like
those three companies that, that

202
00:09:11,600 --> 00:09:13,880
that's the spread of bauxite,
copper and gold in three

203
00:09:13,880 --> 00:09:15,600
different African countries as
well.

204
00:09:15,600 --> 00:09:18,680
So there's a lot of diversity to
what they're doing, but I'm kind

205
00:09:18,680 --> 00:09:20,720
of interested in their strategy
and what they're doing and, and

206
00:09:20,720 --> 00:09:22,360
why and the decisions they're
making.

207
00:09:22,360 --> 00:09:25,200
So 11 I'm keeping an eye on.
And to Barney, they've had a

208
00:09:25,200 --> 00:09:27,800
nice recovery after wearing a
lot of the collateral damage

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from, you know, the drama that
that unfolded, especially in

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relation to to resolute in in
Mali.

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The share price is ticking back
towards kind of levels where it

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00:09:36,040 --> 00:09:38,840
saw in in November last year.
Yeah, it's pretty, pretty much

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00:09:38,840 --> 00:09:41,280
almost back there now.
So you know there'll be an

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00:09:41,280 --> 00:09:45,440
exciting one to watch.
And the fifth one Ally got gold

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00:09:45,440 --> 00:09:48,480
Rd. goldfields.
I I am oops on this front.

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00:09:48,480 --> 00:09:51,080
I don't, I don't know if I don't
know if I caused this, don't

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00:09:51,080 --> 00:09:55,240
know if it was if it was me, but
Friday morning our our daily

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00:09:55,480 --> 00:09:56,640
e-mail.
So this morning the director

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00:09:56,640 --> 00:10:01,680
special goes out 8:28 AM per
time, 9 minutes later, 8:37 AM

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00:10:01,680 --> 00:10:03,160
per time Gold Rd. pauses
trading.

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How those things related.
I included a rumour in in our

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00:10:07,480 --> 00:10:09,960
daily e-mail, the director
special that Gold Rd. may have

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00:10:09,960 --> 00:10:13,280
received a best and final offer
from Goldfield's a few days ago.

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00:10:14,000 --> 00:10:17,080
And in Gold Rd's trading halt,
they reference, they reference

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00:10:17,080 --> 00:10:19,160
trading holders requested
following media speculation

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00:10:19,600 --> 00:10:21,520
regarding a potential change of
control transaction.

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00:10:22,600 --> 00:10:25,680
And the second point is that
they'll come out of trading halt

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00:10:26,320 --> 00:10:29,600
on or before market open on
Tuesday next week by provision

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00:10:29,600 --> 00:10:32,480
of an announcement to ASX
regarding the corporate

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00:10:32,480 --> 00:10:34,560
transaction.
I don't think there was any

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00:10:34,560 --> 00:10:37,440
other reporting on this rumour.
I'm not sure, I'm not sure how

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00:10:37,440 --> 00:10:40,160
to feel about this one.
But it looks like just the way

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00:10:40,160 --> 00:10:41,760
that they were.
It looks like there was

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00:10:42,240 --> 00:10:45,040
certainly some, some, some some
degree of truth to that rumour.

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00:10:45,040 --> 00:10:49,720
Because you would, you would
not, yeah, your strategy would

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00:10:49,720 --> 00:10:51,320
be different if it wasn't true
to this.

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00:10:51,320 --> 00:10:54,240
You kind of, you would just
rebut the market rumours.

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00:10:55,440 --> 00:10:57,120
If it was just something that
newsletter that was wrong, you

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00:10:57,120 --> 00:10:59,160
probably wouldn't even feel the
need to make an ASX

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00:10:59,160 --> 00:11:02,280
announcement, to be honest.
So I feel like if, if it was the

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00:11:02,280 --> 00:11:05,320
newsletter, my rumour, I don't
know how I feel about that one.

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00:11:05,320 --> 00:11:08,080
But regardless, the, it appears
there's actually a deal in

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00:11:08,080 --> 00:11:10,320
motion.
And, and you know, my, my base

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00:11:10,320 --> 00:11:13,440
case is I expect to see
revelation of what that deal is

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00:11:13,560 --> 00:11:17,320
whenever they come out of trade,
be it Monday or Tuesday.

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00:11:17,480 --> 00:11:19,000
Yeah.
And if there is something sort

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00:11:19,000 --> 00:11:22,160
of seems to be coming along the
way, it's hopefully it's a great

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00:11:22,160 --> 00:11:23,960
outcome for for both sets of
shareholders.

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So we'll have to wait and see.
Indeed, Ali, indeed, Speaking of

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00:11:29,000 --> 00:11:33,760
great outcomes for shareholders,
how about the how about the

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00:11:33,760 --> 00:11:38,320
companies that reported at like
7:00 PM on, on the 30th of

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00:11:38,440 --> 00:11:42,800
April, the quarterly report?
The old quarterly name and shame

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00:11:42,800 --> 00:11:45,000
segment.
So you're right Trevor is that

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00:11:45,000 --> 00:11:48,640
time of year again.
So for those who aren't super

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00:11:48,640 --> 00:11:53,080
familiar, mining companies like
non producers have to put out

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00:11:53,080 --> 00:11:56,040
their Appendix 5B, which is
basically their quarterly report

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00:11:56,320 --> 00:11:59,280
or no later than the last day of
the month following the

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00:11:59,280 --> 00:12:02,960
completion of reporting quarter.
So in this quarter's Case, No

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00:12:02,960 --> 00:12:06,320
later than the 30th of April for
the court ending 31st March.

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00:12:07,080 --> 00:12:09,720
And and naturally, you know,
there is a bunch of companies

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00:12:09,720 --> 00:12:13,760
that leave this quarterly
report, you know, to be released

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00:12:13,760 --> 00:12:15,760
on a six to the last day
possible.

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00:12:16,120 --> 00:12:20,120
But then there's also a a cohort
that leave it to the absolute

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00:12:20,120 --> 00:12:23,480
latest on the last day possible.
You know, aftermarket.

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00:12:24,520 --> 00:12:28,960
The, the thing that baffles me
is it there is no, it is not a

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00:12:28,960 --> 00:12:33,680
surprise or some sort of new
revelation that mining companies

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00:12:33,680 --> 00:12:36,920
have to report by a certain time
each quarter.

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00:12:37,680 --> 00:12:41,080
So I I don't understand why some
companies leave it so late.

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00:12:41,160 --> 00:12:43,880
Perhaps that's just life.
Doing what?

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00:12:43,880 --> 00:12:46,440
Ali I don't know, The repeat
offenders pop up time and time

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00:12:46,440 --> 00:12:47,800
again.
I actually think they're doing

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00:12:47,800 --> 00:12:49,440
it for the marketing now, like
maybe.

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00:12:49,880 --> 00:12:55,120
Who knows who knows, but let's
let's get into it.

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00:12:55,120 --> 00:12:59,320
Let's let's do I'm going to do a
a a rapid fire on on the top

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00:12:59,320 --> 00:13:04,120
five and the the next 5 after
they will get a special meeting.

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00:13:04,120 --> 00:13:07,440
All right.
I'll kick it off Ally. 7:16 PM

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00:13:07,440 --> 00:13:09,920
Vertex.
This was the the latest of all

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00:13:09,920 --> 00:13:11,360
of them $40 million market cap
Gold Co.

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00:13:11,360 --> 00:13:13,720
It looked like they've been
keeping busy at their reward

280
00:13:13,720 --> 00:13:18,080
gold project in NSW, refurb
their 110,000 tonne per annum

281
00:13:18,080 --> 00:13:20,880
Gecko gravity gold plant, plant
commissioning commenced and

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00:13:21,160 --> 00:13:22,800
they've started producing from
their stockpile.

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00:13:22,800 --> 00:13:24,680
Why did they report at the last
minute if they've got something

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00:13:24,680 --> 00:13:25,360
to update?
I'm confused.

285
00:13:25,360 --> 00:13:28,560
They've actually commenced
underground mining development

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00:13:28,560 --> 00:13:29,480
at reward.
Interesting.

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00:13:29,680 --> 00:13:33,040
Yeah, so I would hope that they
are using some Sandvik Ground

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00:13:33,040 --> 00:13:35,160
support when they're doing the
underground development there at

289
00:13:35,160 --> 00:13:37,480
Reward.
It's the only name you need to

290
00:13:37,480 --> 00:13:39,880
know.
You can get a whole ground sport

291
00:13:39,880 --> 00:13:43,120
kit and kaboodle sorted for you
by Derek, Kurt and the legendary

292
00:13:43,120 --> 00:13:48,320
team at Sandvik Ground Support.
That is the absolute bare

293
00:13:48,320 --> 00:13:51,000
minimum you need to be doing Ali
if you're underground mining and

294
00:13:51,000 --> 00:13:54,240
if you're if you're bare minimum
you need to be doing is

295
00:13:54,240 --> 00:13:56,000
reporting on time.
Bare minimum you need to be

296
00:13:56,000 --> 00:13:59,720
doing is using DSI or Britain's
Sandvik ground support and

297
00:13:59,720 --> 00:14:02,200
getting in touch with Derek
Kerr, the legendary team that is

298
00:14:02,200 --> 00:14:05,440
there because they have split
sets, mesh, POSI box, NB, Xbox

299
00:14:05,440 --> 00:14:08,120
dynamic support, static support
and heaps more.

300
00:14:08,280 --> 00:14:10,400
Trav's even got the T-shirt on
today.

301
00:14:10,640 --> 00:14:13,560
Have a flick around Travis.
Show the money miners what's on

302
00:14:13,560 --> 00:14:17,000
the back of your shirt.
It says on there for the audio

303
00:14:17,000 --> 00:14:19,480
views.
We keep people safe.

304
00:14:19,760 --> 00:14:22,080
What more could you want?
I feel safe wearing it, Ali.

305
00:14:22,920 --> 00:14:24,760
Keeping your ground and people
safe.

306
00:14:24,760 --> 00:14:27,440
Go Sandy, go Sandy.
Actually I just, I just figured

307
00:14:27,440 --> 00:14:29,400
out why they probably reported
at the very last minute Ali,

308
00:14:29,400 --> 00:14:33,120
they're, they're gone mining
with only $1.4 million cash left

309
00:14:33,120 --> 00:14:34,680
at the bank so.
Yeah.

310
00:14:34,680 --> 00:14:38,960
So hopefully some of the,
hopefully some of the proceeds

311
00:14:38,960 --> 00:14:42,880
from processing the stockpiles
can keep them going.

312
00:14:42,880 --> 00:14:46,360
But yeah, it sounds like they've
been quite, quite busy.

313
00:14:47,680 --> 00:14:51,240
Second one, this is a previous
offender last quarter, Anika

314
00:14:51,240 --> 00:14:53,720
Tambang.
I hadn't really heard of this

315
00:14:53,720 --> 00:14:56,600
company before.
They look like a big Indonesian

316
00:14:56,600 --> 00:14:59,360
miner sort of producing and
processing a range of different

317
00:14:59,360 --> 00:15:01,640
commodities.
It sort of appears like their

318
00:15:01,640 --> 00:15:04,720
main listing is on the
Indonesian Stock Exchange and

319
00:15:04,760 --> 00:15:08,480
they've got like some sort of a
smaller listing on ASX looks

320
00:15:08,480 --> 00:15:10,600
like around like a 4 billion
market cap, Aussie dollar

321
00:15:10,600 --> 00:15:13,240
equivalent.
So not the usual sort of, you

322
00:15:13,240 --> 00:15:17,240
know, company we say in this
segment. 707 Alpha Minerals,

323
00:15:17,320 --> 00:15:19,640
precious based metals mineral $5
million market cap, some

324
00:15:19,640 --> 00:15:23,240
Brazilian expiration assets only
had 400K in the in the bank at

325
00:15:23,240 --> 00:15:25,960
the 31st of March.
From the 31st of March onwards,

326
00:15:27,000 --> 00:15:29,520
they've they've, they've,
they've done a letter of intent

327
00:15:29,520 --> 00:15:32,800
with Pan American Silver Corp.
They've you know, they're doing

328
00:15:32,800 --> 00:15:34,240
some doing some DD on that
asset.

329
00:15:34,240 --> 00:15:38,840
They did a bit of an entitlement
off our and top up, but yeah,

330
00:15:38,840 --> 00:15:42,080
just a just another just another
junior keeping busy updating,

331
00:15:42,560 --> 00:15:44,800
updating shareholders, raising a
bit of money to keep the lights

332
00:15:44,800 --> 00:15:49,680
on and reporting light.
Seven O 6 horseshoe medals, so

333
00:15:49,680 --> 00:15:52,480
another exploration minnow about
11,000,000 market cap.

334
00:15:52,520 --> 00:15:54,120
This is like the fourth time
they've been on this.

335
00:15:54,120 --> 00:15:56,000
List, yeah, I think they've come
up a few times.

336
00:15:57,720 --> 00:16:00,320
So they're focused on very
commencing development

337
00:16:00,320 --> 00:16:03,280
activities at their Horseshoe
Lights Copper Gold project in

338
00:16:03,280 --> 00:16:05,680
WA.
I signed a deal with Melody Gold

339
00:16:05,680 --> 00:16:08,720
for the right to process certain
sort of gold surface materials

340
00:16:08,720 --> 00:16:11,160
at Horseshoe.
They're continuing to pursue

341
00:16:11,160 --> 00:16:13,520
early cash flow opportunities
from DSO, sales of existing

342
00:16:13,520 --> 00:16:16,800
copper stockpiles and
discussions with copper con off

343
00:16:16,800 --> 00:16:19,040
tech partners.
I sort of look through the last

344
00:16:19,440 --> 00:16:24,200
few quarterlies that that's sort
of been mentioned in all last.

345
00:16:24,680 --> 00:16:26,720
It seems to be going on for a
while basically.

346
00:16:26,920 --> 00:16:29,240
What hasn't been going on for a
while is that that $4 million

347
00:16:29,240 --> 00:16:31,880
con note that was I think that
was announced like aftermarket

348
00:16:31,880 --> 00:16:33,520
on a Friday one week during the
quarter.

349
00:16:33,600 --> 00:16:35,360
And it's a bit gnarly in my
opinion.

350
00:16:35,520 --> 00:16:38,160
Yeah.
And then they are also doing a

351
00:16:38,200 --> 00:16:41,680
strategic review of the Glenloth
Gold project in SA, which is

352
00:16:41,880 --> 00:16:46,160
next to Barton Gold's tongue,
Killia. 7:02 PM Paterson

353
00:16:46,200 --> 00:16:49,240
Resources Gold Explorer out in
the Paterson province of WA.

354
00:16:49,320 --> 00:16:51,520
Name suggests it's all very
light on the news front.

355
00:16:51,520 --> 00:16:54,880
Only one project related
announcement in the six months,

356
00:16:54,880 --> 00:16:57,200
which is a Geocam test test work
result last week.

357
00:16:57,240 --> 00:16:58,640
Quarterly reports.
Pretty light on too.

358
00:16:58,840 --> 00:17:01,440
What really matters here,
$2,000,000 in the bank, probably

359
00:17:01,440 --> 00:17:03,040
way up a little late.
Special mentions Ali.

360
00:17:03,040 --> 00:17:06,280
Who have you got?
Alrighty, we got 657 Helix

361
00:17:06,280 --> 00:17:13,359
Resources, 656 Rarex 653M3
Mining, 650 Ascari Metals and

362
00:17:13,359 --> 00:17:15,920
647 Macro Metals.
Alright.

363
00:17:16,079 --> 00:17:18,839
Get your reports in earlier next
time please, Companies I.

364
00:17:18,839 --> 00:17:24,240
Think I did suggest last time a
carrier pigeon or I think I

365
00:17:24,240 --> 00:17:27,760
provided a, a, a YouTube guide
link on how to set outlook

366
00:17:27,760 --> 00:17:30,400
reminders so that I'm sure
there's a whole range and other

367
00:17:30,400 --> 00:17:34,320
tools and that.
So try and try and improve a bit

368
00:17:34,320 --> 00:17:37,360
better next quarter, guys.
I reckon, I reckon, I reckon the

369
00:17:37,360 --> 00:17:41,400
call to action is, is very valid
and I'll, I'll be looking into

370
00:17:41,400 --> 00:17:44,680
that carrier fridge and process
inside the next reporting

371
00:17:44,680 --> 00:17:46,920
period.
But I want to thank our partners

372
00:17:47,200 --> 00:17:49,960
much more promptly than than a
carrier pidgeon would.

373
00:17:50,520 --> 00:17:52,760
Who have we got Ali, our
wonderful partners mineral

374
00:17:52,760 --> 00:17:55,280
mining services, We've got,
we've got a conference, GRX

375
00:17:55,280 --> 00:17:56,920
conference by the way too.
If you want to head to that.

376
00:17:56,960 --> 00:17:59,440
We've got a discount code in the
show notes for you to use to get

377
00:18:00,200 --> 00:18:01,680
like nearly 200 bucks off the
tickets.

378
00:18:01,680 --> 00:18:03,520
You may as well do it.
It's it's in Brisbane on the

379
00:18:03,600 --> 00:18:07,680
20th of 22nd of May 19.
Get around it grounded

380
00:18:07,880 --> 00:18:10,440
wonderful, wonderful partner
Sandvik ground support.

381
00:18:10,440 --> 00:18:15,520
The only support you will ever
need CRE insurance, K drill, KCI

382
00:18:15,520 --> 00:18:18,400
site services, black diamond
drilling services, S

383
00:18:18,400 --> 00:18:21,480
consumables, cross boundary
energy, WA water borders, the

384
00:18:21,640 --> 00:18:24,000
premier water well drilling
company and Quattro project

385
00:18:24,000 --> 00:18:26,000
engineering.
Don't get around all of our

386
00:18:26,000 --> 00:18:27,800
partners, Ellie.
Pedro, Pedro.

387
00:18:29,080 --> 00:18:31,640
Information contained in this
episode of Money of Mine is of

388
00:18:31,640 --> 00:18:33,680
general nature only and does not
take into account the

389
00:18:33,680 --> 00:18:37,320
objectives, financial situation
or needs of any particular

390
00:18:37,320 --> 00:18:39,360
person.
Before making any investment

391
00:18:39,360 --> 00:18:42,400
decision, you should consult
with your financial advisor and

392
00:18:42,400 --> 00:18:45,560
consider how appropriate the
advice is to your objectives,

393
00:18:45,760 --> 00:18:47,720
financial situation and needs.