Investor Perception
Golden Mile Assets is a challenge improvement and mineral exploration firm, with a deal with rising the corporate with a multi asset and multi commodity technique by way of advancing core initiatives, acquisition of high-quality belongings, and tactical alliances with three way partnership companions. Golden Mile’s worth proposition is pushed by a extremely skilled management crew with confirmed experience throughout the assets sector from exploration to improvement and manufacturing.
Overview
Golden Mile Assets (ASX:G88) is a Western Australia-based useful resource firm with vital metals exploration initiatives in Western Australia and Arizona, USA. The corporate’s near-term focus is on advancing its newly acquired Pearl copper challenge in Arizona, positioned within the world-class Laramide Porphyry Belt. The corporate’s long run focus consists of the development of the Quicksilver nickel-cobalt challenge, positioned in Western Australia, which has an indicated and inferred useful resource of 26.3 Mt @ 0.64 % nickel and 0.04 % cobalt.
Golden Mile can also be targeted on strategic alliances with three way partnership companions to take care of publicity with out expense on its different belongings, equivalent to its Leonora JV (Patronus Assets incomes as much as 80 %) challenge and Gidgee JV (Gateway incomes as much as 80 %). Concurrently, the corporate’s management crew will contemplate potential divestment or JVs of its non-core belongings, and likewise goals to construct up a brand new portfolio of high-quality multi-element belongings, from discovery to improvement.
General, the corporate is concentrated on creating shareholder worth, supported by a administration crew and board with a confirmed observe report of exploration, improvement and manufacturing success. Led by managing director Damon Dormer, a mining engineer with over 26 years of expertise, Golden Mile is properly positioned to execute its technique shifting ahead.
Firm Highlights
- Golden Mile Assets has a diversified portfolio of each superior initiatives and exploration belongings in tier 1 jurisdictions of Australia and the US.
- The not too long ago acquired Pearl copper challenge in Arizona is positioned within the famend Laramide Porphyry Belt.
- The Quicksilver nickel-cobalt challenge close to Perth has an indicated and inferred mineral useful resource of 26.3 Mt @ 0.64 % nickel and 0.04 % cobalt.
- Golden Mile is backed by a extremely skilled administration crew with confirmed success in challenge engineering and improvement from exploration to manufacturing throughout a number of continents.
Key Tasks
Pearl Copper Challenge
Golden Mile secured the Pearl copper challenge in August 2024. Situated in Arizona, the asset hosts greater than 50 artisanal copper workings and shares related geological traits to the San Manuel-Kalamazoo and Pinto Valley porphyry copper mines. The challenge reveals widespread floor alteration highlighted by rock chip samples of seven.3 % copper, 0.43 % molybdenum, 19.9 % lead, 4.9 % zinc and 360 g/t silver.
Essentially the most important working inside the challenge space are the Pearl and Ford mines. The Pearl mine is positioned on the north-western portion of the Pearl challenge inside the Odyssey prospect. It produced as much as 60,000 tons of ore containing copper oxide and sulphide, lead, silver and gold from largely artisanal workings from 1915 to 1941 (Drive, 1997).
Historic information from the Ford mine, positioned inside the Pearl copper challenge mine claims, have reported lead assays from 5.7 % to 31.3 %, copper assays from 5.8 % to 10.6 % and that gold will increase within the deeper ranges from 0.01 oz to 0.54 oz (16.7g/t) (Baird, 1942).
Vital upside from natural exploration exists given Pearl’s geographic location, located within the coronary heart of the world-class Laramide Porphyry Copper Belt and 1 km of the San Manuel mine (historic manufacturing of 4.7 Mt) that has been working for 44 years.
A tier 1 mining jurisdiction, Arizona represents roughly 70 % of home US copper manufacturing. The Pearl challenge was traditionally mined from 1915 to 1941.
Quicksilver Nickel-Cobalt Challenge
The Quicksilver nickel-cobalt challenge is positioned roughly 280 km southeast of Perth in Western Australia. The challenge includes an space of about 50 sq km that boasts glorious native infrastructure, together with easy accessibility to a grid energy, sealed roads and a railway line to key ports.
In 2018, Golden Mile introduced an indicated and inferred maiden useful resource estimate of 26.3 Mt @ 0.64 % nickel and 0.04 % cobalt. Metallurgical testwork accomplished in 2023 considerably improved understanding of the distinctive saprolitic mineralisation on the challenge and a possible pathway to manufacturing.
The corporate has additionally recognized a personalized multi-products flowsheet to supply nickel-cobalt and iron-nickel-cobalt-chromium concentrates, in addition to industrial merchandise. The method would require low power utilizing the bodily attributes of the free digging ore.
Board and Administration Crew
Damon Dormer – Managing Director
A mining engineer with over 26 years of expertise, together with 15 years in mine administration and govt roles, Dormer has labored in research, initiatives, operations and innovation throughout Australia, USA, Papua New Guinea and Africa. Dormer has had appreciable success turning round mining initiatives and research ensuing within the building of a number of mines in Africa, in addition to important operational success in Australia. He has additionally been closely concerned in mining innovation and has personally developed methods and methods for the mining trade. Dormer holds a Bachelor of Engineering in Mining from the Western Australian Faculty of Mines and has held quite a few statutory appointments throughout the African and Australasian areas.
Francesco Cannavo – Non-executive Director
Francesco Cannavo is an skilled public firm director with important enterprise and funding expertise working with firms working throughout varied industries, together with particularly mining exploration firms. Cannavo has been instrumental in helping a number of listed and unlisted firms obtain their progress methods by way of the elevating of funding capital and the acquisition of belongings. He’s presently a non-executive director of Western Mines Group (ASX:WMG) and Stemcell United (ASX:SCU).
Grant Button – Non-executive Chairman
Grant Button is a professional accountant and has important industrial administration and transactional expertise. He has over 30 years of expertise at a senior administration stage within the useful resource trade. He has acted as a managing director, govt director, finance director, CFO and firm secretary for a spread of publicly listed firms. Most not too long ago, Button has been managing director of Magnum Mining & Exploration (ASX:MGU), and was beforehand the place govt director of Sylvania Platinum.
Michele Alessandro Bina – Non-executive Director
Michele Alessandro Bina is a former funding banker based mostly in Hong Kong and is an adviser to Beijing Gage, the mum or dad firm of Gage Useful resource Growth (Gage). Bina joins the present board of Alice Queen as a non-executive director because the nominee of Beijing Gage Capital Administration (Beijing Gage).
Jack Rosagro – Firm Secretary
Jack Rosagro is chartered firm secretary, a fellow of the Governance Institute of Australia, and holds a Bachelor of Commerce majoring in Finance. He has 18 years’ expertise in capital markets, share registry, and governance. He’s presently the corporate secretary for a number of listed and unlisted public firms throughout a spread of industries, together with mineral exploration, expertise and biotechnology.
Martin Dormer – Exploration Supervisor
Martin Dormer is an exploration geologist with over 27 years’ expertise in mineral exploration and useful resource improvement, from greenfields by way of to feasibility. His expertise spans a number of commodities together with treasured, base metallic, and industrial metals throughout a variety of geological settings and jurisdictions. Dormer has labored in a number of places across the globe, together with Australia, Asia, and Africa in senior administration positions within the personal and public sectors. He has additionally operated a non-public geological consultancy, Unearthed Components, for the previous 14 years. Dormer is a graduate of the WA Faculty of Mines in Mineral Exploration and Mining Geology and is a member of the Australian Institute of Geoscientists and the Australian Institute of Mining and Metallurgy.
