Investor webinar featuring Auteco Minerals, Anglo Australian Resources, Firefly Resources & Trigg Mining
Join us for our next investor webinar on Tuesday, 11 August 2020 featuring Auteco Minerals, Anglo Australian Resources, Firefly Resources & Trigg Mining.
- 12.30pm AEST
- 10.30am AWST
Auteco Minerals (ASX: AUT, market cap: ~$282M)
Led by the same management team that propelled Bellevue Gold (ASX: BGL) to become one of the great success stories of the Australian gold sector, Auteco Minerals looks set to follow in Bellevue’s footsteps, recently reporting a maiden JORC 2012 Mineral Resource of 830,000oz for its Pickle Crow Gold Project in Ontario, Canada, at an impressive grade of 11.6g/t gold.
Located in a world-class gold mining province that also hosts projects such as Red Lake (Evolution Mining: 25Moz), Musselwhite (Newmont Corporation: 5.7Moz) and Springpole (First Mining Gold Corp: 4.7Moz), Pickle Crow represents an advanced development opportunity with the Resource starting from surface and running immediately adjacent to existing underground and surface infrastructure.
The initial JORC Resource is based on historical data, with Auteco kicking-off a maiden drilling program in late May to underpin the delivery of an updated Resource later this year. No concerted exploration has been undertaken at Pickle Crow since mining stopped in 1966 (when the gold price was just US$35/oz), with the Resource remaining open and a number of high-quality walk-up targets to be tested.
The high-profile Auteco team includes former Bellevue Gold Chairman Ray Shorrocks, as well as Bellevue Managing Director Steve Parsons, Chief Financial Officer Michael Naylor and Chief Geologist Sam Brooks.
Anglo Australian Resources (ASX: AAR, market cap: ~$84M)
Following a recent $5.9 million recapitalisation and the installation of a new management team led by former EganStreet Resources Managing Director Marc Ducler, WA gold explorer Anglo Australian Resources is on-track to deliver a maiden Mineral Resource Estimate for its flagship Mandilla Gold Project in Western Australia later this year, with a string of recent high-grade drilling results generating strong investor interest.
Located just 60km south of Kalgoorlie, Mandilla is rapidly emerging as one of the most exciting new gold discoveries in Western Australia, with recent drilling programs focused on the potential for a significant, low strip ratio open pit deposit.
Since the re-commencement of drilling in April, Anglo Australian has more than doubled the potential scale of the mineralised footprint at Mandilla to over ~1km, with recent drilling highlights including 26m @ 8.29g/t Au from 76m and the mineralisation remaining open in several directions.
A 3,000m program of diamond drilling commenced in June, with an additional 10,000m of RC drilling also expected to get underway shortly, providing plenty of news flow for investors in the coming months.
Firefly Resources (ASX: FFR, market cap: ~$19M*)
Firefly Resources has just completed the landmark acquisition of the Yalgoo Gold Project in Western Australia, delivering the Company with a significant gold resource inventory with outstanding growth potential. 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 (2.2Mt @ 0.6% Cu + 0.8Moz @ 11.4g/t Au).
The Yalgoo Project 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, as well as additional satellite gold prospects that contain further historical Resources of ~13,500oz.
Firefly has already identified numerous targets in close proximity to the existing Melville Resource as well as further afield, providing the foundation for a new regional development hub. The Company’s maiden drilling campaign is set to commence at Yalgoo next week, aimed at upgrading existing Resources to JORC compliance and targeting new discoveries.
The Yalgoo Project is located within a 600 sq km contiguous exploration package, providing regional-scale coverage of the historical Yalgoo goldfield and wider, under-explored Yalgoo-Singleton greenstone belt.
*Following lodgement of notices in relation to Yalgoo acquisition and completion of rights issue.
Trigg Mining (ASX: TMG, market cap: $5.4M)
Since making its debut on the ASX last October, Trigg Mining has made strong progress towards its goal of becoming an important new source of Sulphate of Potash (SOP) supply in Western Australia.
SOP – a fertiliser that provides vital nutrients for agricultural production – is particularly important for crops such as fruits and vegetables, avocados, berries, coffee, cocoa, flowers and any crops grown under glass. Australia currently relies on imports of potash fertiliser for its agricultural production, and Trigg sees a compelling opportunity to establish a reliable and sustainable source of local SOP supply.
Trigg’s core focus is on the Lake Throssell Project, located 170km east of Laverton in WA, where the Company has confirmed a new high-grade SOP discovery. Initial auger sampling delivered high-grade results, with a subsequent ground gravity survey confirming the presence of several interpreted palaeovalley positions underlying the high-grade areas. 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 initial program of helicopter-supported shallow rotary drilling was completed in late July to test the lake surface, with an in-fill gravity survey underway and aircore drilling also planned. Results from the heli-drilling and gravity survey are expected in the near future.
These programs should underpin strong news flow over the next few months, and if successful, will underpin the delivery of a maiden Mineral Resource for Lake Throssell.
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