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The 2nd annual Super PITch event at Digger & Dealers in Kalgoorlie gives mining companies a five-minute opportunity to ‘pitch’ their company’s story to investors.
Created by Discovery Capital Partners and Corporate Storytime, this year’s event is sponsored by The Market Herald and RSM Australia
Held at the Beaten Track Brewery in Kalgoorlie, the SuperPITch event showcases several mining companies:
Alkane Resources
First up was Alkane Resources (ALK), a gold explorer with a focus on the Tomingley gold mine in New South Wales.
The company has extended its Boda mineralisation and originally discovered the Boda porphyry copper-gold deposit in 2019.
Managing Director Nic Earner said Alkane was an “explorer at heart”.
“But unlike other explorers, we’re prepared to develop and produce – in fact, we have a producing gold mine and we use this to help fund our exploration and therefore increase value for shareholders,” he said.
“We had some pretty big intercepts to the north of Boda.
“We ended up doing nearly 1.6 kilometres at 0.51 grams per tonne gold equivalent…all heading towards updating our resource later in the year.”
Alkane was trading at 67 cents today.
Brightstar Resources
Brightstar Resources (BTR) has half a million ounces at each of its gold projects which are Menzies and Laverton and it has a gold processing plant in Laverton, still to be refurbished.
Managing Director Alex Rovira said the company was looking to begin mining at Menzies very soon.
“It’s about using Menzies as the cash register for the capex,” he said.
“It’s a way for us to organically fund the business in the most capital-effective manner.”
Brightstar has one million ounces of gold at 1.5 grams per tonne.
The company has been trading at 1.2 cents.
Calidus Resources
Calidus Resources (CAI), a gold producer in the WA Pilbara region, takes the stage.
The company also holds a 40 per cent interest in the Pirra Lithium joint venture, set to be spun out.
Managing Director Dave Reeves made his pitch admitting gold mine commissioning issues had seen the share price fall from 80 cents to 17 cents today.
“We are cash flow positive, things are ramping up, we’re on our way to 100,000 ounces per annum,” he said.
The company was trading at 16.5 cents today.
Dynamic Metals
Dynamic Metals (DYM) is a lithium and nickel explorer spun out from Jindalee Resources in January and has proved one of the more successful IPOs so far this year.
Managing Director Karen Wellman said Widgiemooltha exploration, south of Kalgoorlie, has great potential.
“Exploration is like Powerball, one drill hole can change it all,” she said.
“We haven’t made the big discovery yet. The potential opportunity of making money is right here at the beginning.
“Our land package was carefully curated, it wasn’t just thrown together.
“Drilling is one of the things we have done quite well since we listed in January, we have done about 10,000 metres of drilling.”
Dynamic Metals was trading at 24.5 cents this morning.
Great Boulder Resources
Great Boulder Resources (GBR), located near Meekatharra, aims to explore new targets to add to its half-million-ounce high-grade resource.
Managing Director Andrew Paterson said the company was exploring new targets in its quest for another half million ounces, aiming to achieve that by the end of next year.
He said an existing inferred resource was in line to be upgraded to indicated.
“The first 50,0000 ounces cost us $17 an ounce, it comes down to our company philosophy which keeps calm and drill like buggery,” he said.
“We’re a super busy company, we’re a very scientific group of people, chaired by Greg Hall.
“It’s a nice simple story and it’s quite easy to tell.”
Whilst Mr Paterson said he had not spoken to West Gold’s Managing Director Wayne Bramwell as merger and acquisition questions were asked, he met Mr Bramwell at the SuperPITch event.
Leeuwin Metals
Leeuwin Metals (LM1) listed in March and boasts being the best-performing IPO so far this year.
It’s focussed on its William Lake Nickel and Jenpeg Lithium in Manitoba in Canada, host to the Spodumene Island deposit.
Managing Director Chris Piggott said the share price was around 34 cents and there were many assays at the lab.
“We have potential for one, if not two companies making discoveries,” he said.
“We’re very excited by the exploration opportunity.”
NickelSearch
NickelSearch (NIS), a nickel sulphide explorer near Ravensthorpe, Western Australia, took the stage.
Managing Director Nicole Duncan said the company represented “great value for getting exposure” to those battery metals.
“We have over 30 greenfield nickel sulphide targets,” she said.
“We have drilled four targets and we have hit nickel in two of them, so that’s a strike rate of 50 per cent by following the science.
“We’re applying a systematic approach to our exploration.”
NickelSearch is working next to First Quantum’s Nickel Laterite operation and Allkem’s Mt Cattlin Lithium Project and is doing rock chip sampling for lithium.
NickelSearch was trading at 6 cents this afternoon.
Patriot Battery Metals
Patriot Battery Metals (PMT) has discovered the largest lithium pegmatite mineral resource in the Americas and recently released its maiden resource at Corvette.
Managing Director Blair Way gave his pitch:
“We have 50 kilometres and drilled only five kilometres so far,” he said.
“We have taken an $8 million market cap to almost $2 billion. We spent $45 million to get there.
“We have already discovered something quite significant.
“We’re in North America, it’s a new market, the rate at which it’s developing is astounding, we have $150 million in the bank.”
Patriot Battery Metals was trading above $1.40 today.
Solis Minerals
Solis Minerals (SLM) is a battery mineral-focused exploration company working on the Borborema and Jaguar Lithium Projects in Brazil. It also owns copper assets in Peru.
Managing Director Matt Boyes said exploration was early stage greenfields for Borborema and at a more advanced stage at Jaguar.
“We just announced the acquisition of the Jaguar lithium project that we’re currently drilling,” he said.
“We hope to replicate what Latin Resources have done over recent years, Latin is our largest shareholder.
“The focus for us now is to get to resource status as quickly as we can.”
Solis shares have been trading at 43 cents today.
Turaco Gold
Turaco Gold (TCG) is exploring and developing assets in Cote d’Ivoire in West Africa.
Managing Director Justin Tremain said there was a constant flow of discoveries in the region.
“We have got three gold discoveries already across four of our projects,” he said.
“It’s one thing to have a big package of ground, another thing for it to be prospective.
“Two of our discoveries at our Eburnea project and Ferke project.”
The company recently raised capital and has a $20 million market cap.
“It’s nearly the end of the wet season and will ramp up drilling after that,” Mr Tremain said.
Attendees at the SuperPITch event voted for the best pitch.
The winner of the Kalgoorlie Super PITch event will be announced later this week.
