Brisbane Investor Cocktail Briefing
The Resources Rising Stars team is delighted to be returning to Brisbane for an investor cocktail function featuring presentations from three of 2021's most exciting junior resource stocks - Sunstone Metals, Calidus Resources and Greenvale Mining.
Date: Wednesday 8th December 2021
Time: 4pm - 7pm
Venue: Hilton Hotel Ballroom, 190 Elizabeth St, Brisbane
Drinks and canapés will be served following the presentations.
This event is free to attend, however registrations are required for catering purposes. To secure your seat, please register using the form on the right.
SUNSTONE METALS (ASX: STM)
Presented by: Malcolm Norris, Managing Director
Market Capitalisation: $223.7 million at $0.10 (2.24 billion shares on issue)
Sunstone Metals (ASX: STM) is one of the great share market success stories of 2021. The Company has made a significant gold-copper discovery at its El Palmar project in northern Ecuador. The assays show substantial grades and widths of gold and copper porphyry mineralisation in five holes. Drilling is ongoing and at the time of writing, the seventh hole was almost completed.
Sunstone has also returned a spectacular gold intersection from the first hole drilled at its Alba target in southern Ecuador. The hole intersected 111m at 2.3gpt, including 7.2m at 26.9gpt. At the time of writing, Sunstone had almost completed the second hold at Alba and was planning the third.
The El Palmar and Alba results add to the long list of exploration successes notched up by Sunstone Managing Director Malcolm Norris and his team over their careers.
With rigs turning at both ends of Ecuador, Sunstone is set to generate strong newsflow over coming months. The Company is also well-funded for these aggressive campaigns with A$19M in cash and equities.
CALIDUS RESOURCES (ASX: CAI)
Presented by: Dave Reeves, Managing Director
Market Capitalisation: $236 million at $0.59 (400 million shares on issue)
Calidus Resources (ASX: CAI) is on track to be Australia’s next s gold producer, with construction of its flagship 100%-owned Warrawoona Gold Project in the Pilbara region of WA now well advanced.
First production is set for the June Quarter of next year at an initial rate of ~90,000oz-a-year. This stands to rise to around 130,000oz-a-year under the Company’s plan to develop the nearby high-grade Blue Spec deposit, where a Feasibility Study is now underway.
Mining has started at Warrawoona and ore is accumulating on the ROM pad while construction of the processing plant and tailings dam is proceeding to plan and budget. Some recent key milestones included the successful installation of the mill, which saw the Project pass 70% completion, and the signing of a mining services agreement with Macmahon Holdings Limited (ASX: MAH) which covers all open pit mining until 2026.
GREENVALE MINING (ASX: GRV)
Presented by: Matt Healey, Chief Executive Officer
Market Capitalisation: $142 million at $0.34 (393 million shares on issue)
Rejuvenated last year by the same team that transformed Pilbara Minerals (ASX: PLS) into an Australian lithium trail-blazer, Greenvale Mining (ASX: GRV) is a compelling new growth story in the junior resource sector.
Greenvale is pursuing a multi-faceted growth strategy based on the development of its globally unique Alpha Torbanite Project in central Queensland and the exploration targeting of a potential Tier-1 IOCG discovery at its Georgina Project in the emerging East Tennant province in the Northern Territory.
A Feasibility Study is well underway at Alpha, with a commercialisation strategy aimed at establishing Australia’s only domestically produced bitumen supply, to feed booming national road infrastructure spending, incorporating renewable power generation. With Alpha’s maiden JORC Mineral Resource on track for delivery late in 2021 and a Feasibility Study and Ore Reserve targeted for Q1 2022, the Company has already made significant headway towards development at Alpha. Meanwhile, at the Georgina Project in the NT, the Company's maiden diamond drilling program commenced recently with the first hole to test the exciting "Twin Peaks" anomaly intersecting a rock package consistent with Tennant Creek IOCG systems and encountering trace native copper towards the bottom of the hole. A second hole is currently in progress.
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