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  • The Risk - Reward Myth of Mineral Exploration: Jon Hronsky

    The Risk - Reward Myth of Mineral Exploration: Jon Hronsky
    2021/03/22
    Coffee with Samso Episode 76 is with Jon Hronsky, of Western Mining Services   Mineral Exploration has always been thought of as the highly speculative and hence is a high risk investment. Jon Hronsky, a geoscientist of the last 37 years shares his thoughts on why this is not true.   I met Jon way back in the late 1989 when I was in my second year of my undergraduate geology studies. I have casually been following his work since then and value his high level (regional) targeting strategies.   One of the hardest things to research are the myriad of projects that exist in companies in ASX. Over the years, I have been asked many times what I think of the projects in this company of that company. What is hard to comment on is the legacy that exist in these projects. If you do not know the history or the content of management, this is extremely hard to give a "correct" answer.   The general consensus is that if there is historical history of mineralisation, this will be a better project. As many experienced proponents of this sector will tell you, this is not anywhere near sufficient information to make a "intellectual" comment. There are way too many other information required before it comes near the point of an "educated" estimation.   Jon Hronsky comes form a breed of mineral exploration that looks at the picture and this is what I call the need for the right ingredients. I am talking about greenfield projects where the "out of the box" thinking have taken the "risk" to chase the potential. These kind of projects normally comes up with the greatest rewards for investors.   In this episode, Jon shares with us his thoughts on mineral exploration and why he thinks the Empress Springs project is a great example of the First Mover Strategy for Moho Resources Limited (ASX; MOH) .   This is the biggest coherent anomaly I have seen. - Jon Hronsky on the Empress Springs project. The risk for investors is realistically less for greenfield exploration as opposed to advanced projects.
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    30 分
  • Galileo Mining Limited (ASX: GAL) - Palladium Discovery - Persistent Mineral Exploration Rewarded.

    Galileo Mining Limited (ASX: GAL) - Palladium Discovery - Persistent Mineral Exploration Rewarded.
    2022/05/25
    Rooster Talk Episode 57 with Brad Underwood, Executive Chair and Managing Director of Galileo Mining Limited (ASX: GAL) is all about the discovery of the Palladium province from the last round of drilling. The systematic approach that Galileo has been using to explore has now been rewarded with the confirmation of a palladium prospect in Norseman, Western Australia. This episode is a discussion on the discovery of the Callisto discovery. Six RC drillholes have results returning anomalous grades which is making the Callisto prospect a discovery that has the share price of Galileo rising. Callisto is a mineralised sulphide unit developed at the base of an ultramafic sill where it intrudes into sedimentary rocks. NRC266 returned significant palladium-platinum-gold-copper-nickel mineralisation over 33m; 33m @ 2.00g/t 3E (1) (1.64g/t Pd, 0.28g/t Pt, 0.09g/t Au), 0.32% Cu & 0.30% Ni from 144m incl. 6m @ 2.69g/t 3E (2.21 g/t Pd,0.37 g/t Pt,0.11 g/t Au), 0.41% Cu & 0.36% Ni from 159m and 1m @ 3.21 g/t 3E (2.66 g/t Pd, 0.41 g/t Pt, 0.14 g/t Au), 0.48% Cu & 0.46% Ni from 176m Numbers like this is going to make the next phase of drilling interesting to say the least. Brad is measuring this to the Platreef deposit on the northern limb of the Bushveld Complex in South Africa. Deposits like Platreef are generally very large in nature and have a combined resources of greater than 700Mt at a 1g/t 3PGE + Au cut off. These deposits normally contain metals such as palladium, platinum, gold, rhodium, copper and nickel. Chapters: 00:00 Start 00:20 Introduction 00:52 Brad Updates. 01:39 Is this a Palladium Discovery Province? 02:31 This is a Discovery? 03:26 Is the geology theory a long term concept? 04:41 The Platreef Analogy. 05:50 Will the discovery grow in size? 06:37 Will the positive results change your Plan A? 07:39 News Flow. 09:07 Why is Galileo mining? 09:52 Conclusions
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    10 分
  • Update on Meleya Project - Discovery and Proof of Concept - Tempest Minerals Limited (ASX: TEM)

    Update on Meleya Project - Discovery and Proof of Concept - Tempest Minerals Limited (ASX: TEM)
    2022/06/02
    Rooster Talk 58 is with Don Smith, Managing Director, Tempest Minerals Limited (ASX:TEM) Its been a while since the excitement of the discovery of a large sulphide system at Meleya. I have been very keen to get to see the rocks and have a discussion with Don. In my opinion, the rocks will be the key to the continuation of the story. Prior to the drilling, the general discussion was primarily on the the potential of the geology being similar to Golden Grove VMS deposit. When Tempest announced the drilling results on the 28th March 2022, there was general excitement in the market. The realisation from the concept was now closer to fact, however, there is still a wait on the actual numbers of the assays. Irrespective of the numbers, I think there is no denying that there is some sort of a discovery at Meleya. In this episode of Rooster Talk, I asked Don about the geology. The geology from the drilling is the key factor. I asked Don, if this was a Discovery or a Proof of Concept. We also talked about the numerous alteration within the length of the hole which points to a large cooking system that could be endowed with metals. The main takeaway for this episode is to have an understanding of the geology of the area. The assay numbers will be interesting. However, I suspect that will not be the conclusive answer for or against the project. There will be more drilling and more discussion. In my opinion, this is proof that the geology is similar and it is mineralised. This has been a great conversation and I like their method of understanding the geology first before rushing out to drill holes. Chapters 00:00 Start 00:20 Introduction 02:10 Discovery or Proof of Concept 03:16 Lets talk geology of both drill holes. 06:03 Where is the geological thinking now? 07:15 How can Investors understand your geology? 08:50 What is Tempest thinking now? 10:27 Is there any issues with the progress of Tempest? 11:23 Other Projects 14:25 News Flow 15:21 Why Tempest? 16:20 Conclusion
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    17 分
  • Great Boulder Resources Limited (ASX: GBR) - Discovery of a New Mineralised System - Ironbark

    Great Boulder Resources Limited (ASX: GBR) - Discovery of a New Mineralised System - Ironbark
    2022/06/30
    Rooster Talk Episode 59 is with Andrew Paterson, Managing Director of Great Boulder Resources Limited (ASX: GBR) This is an update on the Side Well Project which is all about the recent drilling results with the discovery of new mineralisation at Ironbark. Great Boulder Resources appear to have a mineralised province with Side Well as the system that is producing metals in Ironbark is distinctly different to what is happening at Mulga Bill. Andrew narrates us on why this appear to be the case. Ironbark is 1.4km to the east of Mulga Bill. The the drilling results may be showing that there is a series of potential pods of mineralisation which will help the overall picture of potential for Side Well. A intercept of 20m @ 3.05 g/t of gold should not be ignored. In any project, this is clear indication of mineralisation that is not isolated. In my opinion, the discovery of these kind of drill intercepts may be early indication of a level of gold endowment which would excite any company. The excitement stems from the fact that it is within a province that has already shown continuous mineralisation at Mulga Bill. If you are isolated without Mulga Bill, you can be safe to question the potential. However, if you are in a decent system, you would expect numerous deposits nearby. What is interesting with the results coming out from the announcements is that there is clear horizons where the gold is being identified. There is clear indication that it is still early to make a decision of the future potential, but it is looking promising. The presence of copper at Mulga Bill and the lack (currently) of copper at Ironbark is determining the perception of difference at Side Well. It is this that should be noted for audiences. Chapters: 00:00 Start 00:20 Introduction 00:55 Andrew update the Great Boulder Resources Limited 01:24 Is Ironbark similar to Mulga Bill? 02:50 Will the Ironbark mineralisation be a similar system to Mulga Bill? 03:24 Geologically, can multi system exist in a similar area? 05:44 Is multi system a good thing for Side Well? 07:00 Is the copper in Mulga Bill significant? 08:40 Is Great Boulder Resources feeling like Side Well will be a Mine? 10:28 Will Mulga Bill be a series of pits along strike? 11:29 Is the copper good or a bad thing for the project. 13:32 Mineralisation seem to happen in the same horizon. 14:31 Is IP the holy grail for Great Boulder? 16:27 Is geophysics being used more today than 20 years ago? 17:34 News flow for Great Boulder Resources Limited? 19:45 What does Andrew think of the current market sentiment? 22:37 Why this is a good time to look at good companies. 23:24 Andrews last words 23:46 Conclusions
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    25 分
  • The Havieron Gold - Copper Discovery - Patterson Range - Western Australia.

    The Havieron Gold - Copper Discovery - Patterson Range - Western Australia.
    2022/07/01
    Coffee with Samso Episode 147 is the second episode of the Exploration Discovery Series which is all about mineral exploration discoveries. This episode of Coffee with Samso is all the Havieron discovery by Greatland Gold Plc. in 2018. It was a major success in where there is now a gold and copper mine nearing production stage. According to the company's website, the project is currently in development under a Joint Venture with Newcrest Mining, Australia’s largest gold producer. Havieron is located just 45km from Newcrest’s Telfer mine. This allows the project to leverage Telfer’s existing infrastructure and processing plant to significantly reduce the project’s capital expenditure and carbon impact for a low cost pathway to development under an ore tolling arrangement. Figure 1: Location of the Havieron project (Source: Greatland Gold website) According to the latest presentation from the company, the updated Probable Ore Reserve and Mineral Resource is in Figure 2. The significance of these numbers is in the manner that the deposit was discovered. In many cases, investors are only looking at the results of a long journey of mineral exploration. Figure 2: Probable and Mineral Estimate for the Havieron deposit. (Source: Greatland Gold website) The journey for a discovery is never an overnight process. In reality, discoveries of any mineral deposit is minimum timeframe of years and development is usually in decades (including exploration and resource development). The Coffee with Samso - Exploration Discovery Series is aimed at showcasing the discovery and also the more interesting parts of the exploration journeys. The insides of what happened and what did and could not happen that led to the discovery, for me is the fun part of the conversation. The discovery of Havieron is one of the recent success that has come about because management kept the faith and applied the principals of mineral exploration. As an exploration geologist, the discovery of Havieron is one that excites me. The chase for discovery is one of the most satisfying feeling. The idea of setting up a company to source funding to chase the elephant deposits is high on my bucket list. This is why I want to bring these stories onto the Samso platform so that the average investor out there can have the insights of the journey. I hope you enjoy the video and get some sense of "excitement" that would have been in the room when Callum and his associates received the results from the drilling. Chapters 00:00 Start 01:35 Callum Introduction 03:46 Was undercover discovery always the plan? 06:33 Was it a geophysical target? 08:10 Chasing the elephants. 08:56 Chasing broad wide anomalies. 10:34 What were the challenges like for Greatland Gold at that time? 12:28 The magic formula for exploration success. 13:54 The story behind the discovery. 20:29 Was the discovery luck? 21:41 Was the core of the deposit giving a lot of clues? 23:21 How has technology in Geophysics helped mineral exploration. 27:36 Would the new technology today have changed the modelling? 29:09 Big Elephant deposits still exist. 31:03 Potential of discovery. 32:12 What is Callum Baxter doing now? 33:27 Is Callum heading back into the industry. 33:46 What is happening in the market? 37:26 Are there more Elephants in the Paterson Range? 38:50 Conclusion About Callum Baxter Former Chief Technical Director of Greatland Gold PLC Exploration geologist and founding Director of UK based Greatland Gold plc. Commenced working in the mineral exploration industry after completing geology undergraduate qualifications in 1991 in Western Australia. Participated in discovery of large gold resources (Jundee/Nimary) before moving into other commodities including base metals and nickel. Member of AusIMM and AIG. Worked with juniors, mid-tier explorers and major mining companies globally over more than 25 years. Completed an MSc in Ore Deposit Geology in the early 2000s. Co-founded Greatland which listed on AIM in the UK in 2006. Greatland is focussed on discovery of large precious metal and base metal deposits in Australia, in areas that have not been subject to extensive previous exploration. Greatland has achieved recent success with the discovery of high-grade gold and copper mineralisation at the Havieron deposit, under 400m of cover, in the Paterson Region of Western Australia.
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    40 分
  • Venture Minerals Limited - Discussion on the significance and economics of Tin.

    Venture Minerals Limited - Discussion on the significance and economics of Tin.
    2022/07/06
    Coffee with Samso Episode 148 Venture Minerals Limited (ASX:VMS) is currently undergoing a phase of preparing a Feasibility Study and its time to talk Tin Remember this #GreenTin Song: The Green metal and No Emission movement has made the plight of the Tin Story important for Investors. Venture Minerals may be an accidental recipient of the Green Metal movement. This episode of Coffee with Samso Episode 148 with Andrew Radonjic, the Managing Director, is all about Tin. This is an episode which focus on why Tin is a significant commodity. Andrew has just come back from his travels where he attended a Tin conference. We help dissect his learnings from the conference and bring out what he had learned and share it with the Samso audience. Tin is an underrated metal which like the unloved element of the technology. It is not given the credit that it deserves. As we described in the conversation, it is the glue of technology. every part of the new world of no emission and the electrification of progress needs tin. If you take the supply issue of non ESG compliant sources, there will be a big issue for tin users. For those people who see this need for realisable ESG compliant source of tin, this is a great time to look at companies like Venture Minerals. What audiences need to ignore is the other so called sources of tin who claim that they are production ready. If that is the case, why are they not producing already. I strongly encourage potential investors to reach out to Andrew to ask him what is the difference between what can happen and what will never happen. I made this video to give an insight to what could be a real game changer in terms of the need for tin. The uses of tin are increasing and there is now talk of tin being a vital component of lithium battery anodes. Some people may call this a pipe dream but so was the vanadium battery. If the so called Lithium-Tin solid battery anodes comes to fruition in the coming years, this will completely change the tin market. The same factors that are driving the High Purity Alumina industry that is driven my Kaolinite-Halloysite is also being seen with the tin sector. There are now some serious conversation on how tin will play in the carbon capture, water treatment and heat harvesting. As we all agree, the need for these conversation to turn into reality will be high on the agenda but reality may be a distance away. What is the important part is that it is happening now. I hope this episode of Coffee with Samso will give audiences some concept of the tin market and its uses which will make tin a major player of the new no emission electrification of energy world. Chapters: 00:00 Start 00:20 Introduction 01:25 Andrew updates 09:56 The Indonesian Tin Story? 15:37 Market discussion from the Tin conference. 20:01 Tin moving into the "high tech" uses sector. 24:24 Tin moving into the battery sector. 30:14 The introduction of a tin related battery? 31:28 The hurdle of finding new tin deposits and a tin producing mine? 32:26 Project updates? 38:53 The summary of tin. 39:43 Andrew closing summary. 41:06 Conclusion
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    42 分
  • Adavale Resources Limited (ASX:ADD) - Dominant landholding in the East African Nickel Belt.

    Adavale Resources Limited (ASX:ADD) - Dominant landholding in the East African Nickel Belt.
    2022/07/11
    Rooster Talk Episode 60 is with David Riekie, Executive Director - Adavale Resources Limited (ASX: ADD) The Dominant land holding in the East African Nickel Belt. David Riekie, the Executive Director of Adavale Resources update us on the exploration activities of the company. It has been a while since we had Adavale on the Samso platform. This episode of Rooster Talk is all about the East African Nickel Belt. As in all of the exploration stories that have merits, the process is usually lengthy and is filled with ups and downs. Over the years of hearing all sort of stories, the ones that reap rewards have always been the nondescript types. Their process is always very subtle to silent and then a discovery happens. When that happens, investors get the feeling that it is an overnight success. Trust me, it is never an overnight success. The easiest example is the discovery made by Galileo Mining Limited (ASX: GAL) - Galileo Mining Limited (ASX: GAL) - Palladium Discovery - Persistent Mineral Exploration Rewarded. I do feel that Adavale falls into this type of category. Great exploration potential in a known Nickel belt. AS we discover in this episode of Rooster Talk, Adavale is all about the East African Nickel Belt. I have interviewed many companies with different stories but the ones that are most memorable are the green roots categories. These are the stories that need strong minds and character and a focused management for success. Management need to be believers of the story. As I heard from a recent podcast, Entrepreneurs need to believe their own Bull#@&t. Adavale is a story that has been developing for over 12 months and if you look over the recent videos with Allan Ritchie, the focus on developing the Tanzanian assets have not changed. In this episode, David highlights that the East African Belt is the key to the Adavale story. What we need to appreciate is that this belt could be the Kambalda Nickel Belt. Chapters 00:00 Start 01:05 David updates 04:59 How Geophysics is helping Adavale. 07:22 The refinement with Geophysics 10:09 How should investors capture the Adavale Story? 13:46 What has the feedback been from investors? 16:44 What is the Jurisdiction standing? 20:04 How has the market turbulence affected Adavale? 22:59 What is the News flow for investors? 24:26 Why Adavale? 25:51 Conclusion
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    27 分