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Brightstar Resources (ASX:BTR) MD Alex Rovira has secured the bragging rights for winning the 2024 Kalgoorlie Super PITch event, gaining the most votes for his brief company spiel.
Competition was tight with 10 company leaders vying for the notoriety in an event where each had 4 minutes to sell their story.
The day was peppered with humour and, we warn viewers, some colourful language!
Brightstar was boldly endorsed from the start by the MC Hedley Widdup from shareholder, and listed mining investment company, Lion Selection Group (ASX:LST).
Brightstar is working in the Laverton and Menzies regions of WA, and, as of this week, also the Sandstone region of WA.
“Gold juniors should be bold and ambitious,” Mr Rovira said.
Alex Rovira (photo above, second left) is pictured with (from left) MC Hedley Widdup, Adam Miethke from Discovery Capital and Lucas Robinson from Corporate Storytime.
In order of appearance…
Turaco Gold
Turaco Gold (ASX:TCG) MD Justin Tremain spoke about the importance of his company’s discoveries in West Africa, where he argued gold grades were generally higher.
The company is working in south east Cote d’Ivoire where drilling had been across four deposits returning ‘world-class intersections’. Since last year, Turaco has acquired a 70% stake in the Afema gold project with drilling scheduled to begin this month.
He claimed Turaco ‘would’ have a gold mine and a one million ounce resource.
Jindalee Lithium
American lithium play Jindalee Lithium’s (ASX:JLL) flagship is the McDermitt Project in a volcanic caldera in southeast Oregon, by the Nevada border.
CEO Ian Rodger said the project held 21 million tonnes of lithium carbonate equivalent.
MC Hedley Widdup asked whether Donald Trump would be a risk if re-elected US President, to which Mr Rodger said: “I think Donald is going to be net positive to mining projects in the US”.
Velox Energy Materials
Velox Energy Materials (TSXV:VLX) is a TSXV-listed company looking to the battery and energy materials markets.
President and CEO Simon Coyle talked about the flagship vanadium project in North Queensland (south-west of Townsville) and is planning a dual-listing on the ASX within months.
Warriedar Resources
Looking at gold in WA, Warriedar Resources (ASX:WA8) MD Amanda Buckingham was welcomed to the stage.
The company’s working at the Golden Range Project 5-6 hours drive north of Perth, which is a project surrounded by historical mines and ‘hungry mills’.
She said drilling was underway for the first time in a decade.
“Our ground… all we need to do is look around us to see the opportunity,” she said.
Amanda Buckingham discussed results received so far, most within 160 metres depth.
Strickland Metals
Next up was Strickland Metals (ASX:STK) MD Paul L’Herpiniere.
The company has projects in Australia and recently acquired the 5.44 million ounce Rogozna Project in Serbia. Last year it sold 500,000 ounces of gold to Northern Star for a transaction value of $60 million.
Mr L’Herpiniere said the company had about $50 million in cash and Northern Star shares, so had no imminent need to raise capital.
Spartan Resources
Meanwhile, Spartan Resources (ASX:SPR) has performed off the back of its Never Never gold ore body discovery in the Murchison region of WA. MD Simon Lawson said the company recently announced an updated Mineral Resources Estimate for its Dalgaranga Gold Project in WA, which revealed a 47% increase in ounces and 91% increase in grade.
“The high grade Never Never deposit was found under a haul road near an existing low grade open pit in mid-2022,” he said.
“It was followed by another discovery – the Pepper deposit in April.
“We just take that ‘have a crack’ approach.
“Plan A is to turn this into a gold mine.”
Torque Metals
Torque Metals (ASX:TOR) MD Cristian Moreno presented ‘7 facts’ for potential investors to consider: The WA goldfields company’s capital structure, with 180 million shares on issue, its cash position and directors; the ‘best'(!) gold grades; the companies technical team; the tenement size and position; Torque’s investment in the ground; and, its efficiency – ‘we are doing 10,000 metres of drilling as we speak’.
He said the final reason was that he was ‘a Colombian determined to do well in Australia’ and Torque was focussed on working towards production.
Kingsland Minerals
Kingsland Minerals (ASX:KNG) has a graphite project within a couple hours drive south of Darwin, which is one of the largest deposits in the country.
MD Richard Maddocks said it was also one of the largest graphite deposits in the world; the NT Government was supportive; and, the company was looking to build a processing plant in Darwin to supply world markets.
“(Graphite) demand will increase with EV use increasing,” he said.
He said it was the only major deposit outside of East Africa or China and was in a good position to move it forward.
Brightstar Resources
Next was Brightstar Resources (ASX:BTR) and it was the second year running that MD Alex Rovira’s delivered his pitch.
The company’s working in the Laverton, Menzies and Sandstone regions of WA.
As an explorer, it has 2 drill rigs now working.
The company has nearly 40 per cent institutional ownership as it’s about to be in control of 3 million ounces of gold.
Catalyst Metals
Finally Catalyst Metals (ASX:CYL) is a gold producer that’s worked in WA, Victoria and Tasmania. MD James Champion de Crespigny said it was a $400 million market cap company and had raised $50 million in a bid to open 4 low-capital intensity mines soon.
The company’s bringing together the operating Plutonic Gold Mine and infrastructure, and undeveloped gold deposits along the Marymia belt. He said the deposits could be mined and processed through processing facilities at Plutonic.
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