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Published by Paydirt Media, 2018-09-02 23:40:30

PD264_Sept2018_magweb

www.nucleussc.co.za

struction and operation, there will remain a GroundProbe vice-president of marketing and technology Lachlan Campbell
significant local employment requirement. and chief executive John Beevers with the award-winning GML technology

GroundProbe crowned Services under the contract began this Venturex pegs camp for
top innovator quarter and carry a 10-year term. Once Sulphur Springs

GroundProbe has been recognised as the upgrade is complete, Zenith’s total Venturex Resources Ltd has settled
the most innovative company in Australia build-own-operate capacity will increase the purchase of the Spinifex Ridge
and New Zealand, taking out top spot on to more than 189MW. camp from Young Australian Mines Ltd
the Australian Financial Review’s list of after reaching agreement with a mining
Most Innovative Companies for 2018. Meanwhile, Zenith has also been services group to hire the camp for $1
awarded a one-year extension of its million.
The company – developer and supplier manage- operate-maintain contract
of advanced technology solutions to the with Incitec Pivot Ltd at the Phosphate The hire period is until January 15,
mining and civil industries – also received Hill power station facilities in Queens- 2019 before the camp is shifted to Ventu-
awards for Best Product Innovation and land. rex’s Sulphur Springs project.
Best Overall Innovation for the Geotech
Monitoring LiDAR (GML) product. Zenith has worked with Incitec Pivot in
the Mt Isa region since 2015.
GroundProbe chief executive John
Beevers said the group’s focus on inno-
vation was not by accident.

“We made a conscious decision to
adopt it as a business strategy and invest
in how we deliver it, focusing on excel-
ling in innovation and product leadership,
and customer intimacy,” Beevers said.

“We micro fund ideas, we celebrate
fast failures, and we congratulate and re-
ward innovation on both a whole-compa-
ny and individual employee level.”

Zenith powers Chevron
until 2028

Zenith Energy Ltd has executed a
power generation services contract with
Chevron Australia to supply electricity
and related equipment for a nameplate-
rated 20MW power station at the WA oil
operations on Barrow Island.

Under the terms of the contract, Ze-
nith will build-own-maintain-operate the
20MW power station as well as complete
an upgrade of the existing power station,
including installation of a 5MW dual fuel
turbine and an upgrade of the existing
5MW gas-fired turbine and circa 10MW
of reciprocating gas and diesel back-up
power generation.

Nucleus Mining Logistics pNrUoCviLdEesUhSigh levels

of service to clients seeking world-class
supply chain management solutions.

greenfield exploration / construction projects / operational logistics

AUSTRALIA’S PAYDIRT SEPTEMBER 2018 Page 101

DrReIgLLioBInTSal roundup

The RoXplorer CT is touted as a revolutionary change in exploration drilling 43.5 g/t silver from 131.5m, including
7.92m @ 1.4% copper, 5% lead, 13.8%
Haile-ing success for The RoXplorer CT is touted as a revo- zinc and 212.3 g/t silver from 179.38m.
OceanaGold lutionary change in exploration drilling
where individual drill rods have been re- Meanwhile, results from MHDD0039,
OceanaGold Corp’s plans to expand placed by a continuous steel coil. Drilling about 35m down-dip of MHDD0031A,
capacity at its Haile gold mine have re- and tripping into and out of the hole pro- returned 9.27m @ 0.7% copper, 2.6%
ceived a boost after successful drilling ceeds without the need to connect and lead, 5.4% zinc and 80.5 g/t silver from
last month. disconnect rods, making drilling safer, 260.2m, including 1.12m @ 2.1% copper,
faster and cheaper. 14.4% lead, 27.7% zinc, and 473 g/t silver
Highlights from drilling in and around from 216.28m.
the pit designs on the South Carolina, US Todd hits high at Mt
project included: 46.6m @ 4.93 g/t gold Hardy All smiles for Carawine
between Ledbetter and Snake; 32.3m @
10.14 g/t at Mill Zone; 77.7m @ 4.04 g/t Latest in-fill diamond drilling assays Carawine Resources Ltd has wrapped
at Upper Ledbetter; 21.3m @ 4.51 g/t at and down-hole EM (DHEM) results have up its maiden diamond drilling pro-
Red Hill and 45.1m @ 1.17 g/t between confirmed potential for more than 300m gramme at the Hill 800 gold prospect,
Mill Zone and Mustang. continuity of the high-grade base metal north-east Victoria, in outstanding fash-
discovery at Mt Hardy, Northern Terri- ion, according to managing director Da-
Top of the RoX-plorer tory, according to Todd River Resources vid Boyd.
Ltd.
A revolutionary drill rig has been li- “These latest results confirm the min-
cenced to one of the world’s leading The company will re-start diamond eralisation model we have developed for
global METS companies, IMDEX. drilling this month, while full DHEM re- Hill 800, with outstanding high grades
sults were expected at the time of print. and widths returned throughout all three
A prototype of the home-grown inno- mineralised zones identified to date.
vation – The RoXplorer (TM) coiled tub- MHDD0040 was drilled in the latest Clearly, Hill 800 is shaping up as a very
ing rig – developed by the DET CRC was programme to test the continuity of min- significant and exciting new gold depos-
undergoing final preparations for a drill- eralisation above the discovery hole MH- it,” Boyd said.
ing trial on a Barrick Gold Corp explora- DD0031A, with results including 55.75m
tion site in Nevada, US. @ 1% copper, 1.5% lead, 3.3% zinc and Assay results have been received from
the remaining three drill holes of the 14-
hole programme, with one interval at the
740 Zone in H8DD005 of 66m @ 2.49 g/t
gold from 34m (0.3 g/t cut-off), including
2m @ 2.03 g/t from 35m, 41m @ 2.79 g/t
from 42m and 10m @ 3.88 g/t Au, 0.1%
copper from 90m (1 g/t cut-off).

Magmatic gets confirma-
tion at Bodangora

Magmatic Resources Ltd’s recently
completed RC/aircore drilling pro-
gramme at Bodangora and Bodangora
South has confirmed the company has
high-grade mineralisation at the projects.

In addition to confirming high-grade
mineralisation, drilling at Bodangora un-
veiled a new area of near-surface miner-
alisation, with results including 2m @ 5.3

BOSTECH

Celebrating 25 years

Page 102 SEPTEMBER 2018 AUSTRALIA’S PAYDIRT

g/t gold from 14m and 2m @ 2.7 g/t from completed, with strong polymetallic min- cluded 16.2m @ 16.2 g/t gold, 14.7m @
21m, complementing previous results. eralisation intercepted in most drill holes. 10.2 g/t, 19m @ 6.3 g/t, 14.4m @ 8.3 g/t,
11.1m @ 9.8 g/t and 10.8m @ 8.4 g/t,
Mineralisation is reportedly continu- Significant assays included, 11m @ while drilling at an off-set target returned
ous at Dicks Reward, while an additional 9.02% copper, 114 g/t silver, 0.37 g/t 8m @ 5.3 g/t.
mineralised vein identified under cover at gold from 296m, 14.15m @ 4.27%, 51
Bodangora South was hit with 3m @ 1.3 g/t silver, 0.25 g/t gold from 262m; 16m Also outside the current reserve at
g/t gold from 18m. @ 2.19%, 49 g/t silver, 0.38 g/t gold from Whirling Dervish, hits included 34.3m @
237m, including 9m @ 2.69%, 67 g/t 5.7 g/t gold, 18.9m @ 4.2 g/t, 26m @ 2.5
Peel is undertaking resource modelling silver, 0.43 g/t gold from 242m; 18m @ g/t, 6.4m @ 8.1 g/t, while infill drilling re-
at Mallee Bull. A PFS on the project is 1.53%, 24 g/t silver, 0.38 g/t gold from sults included 9m @ 24.1 g/t, 30.2m @
expected to be completed in the 234m including, 4.86m @ 3.53%, 34 3.5 g/t and 15.8m @ 5.2 g/t.
September quarter g/t silver, 0.64 g/t gold from 234.86m;
5m @ 11.09% zinc, 5.48% lead, 32 g/t Drilling at Thunderbox D Zone con-
Peel-ing good silver, 0.14 g/t gold from 305m; 13m @ firmed potential for open pit resources with
1.76% copper, 9 g/t silver, 0.05 g/t gold 74m @ 1.6 g/t gold and 12m @ 5.4 g/t,
Peel Mining Ltd has struck drilling suc- from 281m, including 4m @ 2.9% cop- within 60m of surface.
cess at Mallee Bull, New South Wales, per, 12 g/t silver, 0.06 g/t gold from 288m.
ahead of resource modelling for a PFS Stage two drilling at Kailis has excited
to be delivered in the September quarter. the company with early results of 9m @
15.7 g/t gold and 7m @ 17.1 g/t.
Infill drilling comprising 16 RC and
diamond holes for 4,581.4m targeting a Drilling at Thunderbox D Zone confirmed Breaking new ground
zone 180-300m below surface has been potential for open pit resources with 74m north of Bombora

@ 1.6 g/t gold and 12m @ 5.4 g/t, Diamond drilling directly north of the
within 60m of surface 624,000oz Bombora gold deposit at the
Lake Roe project in Western Australia
Saracen brings the has intersected a combined 80m of lode
thunder and stock-work mineralisation with local
visible gold, for Breaker Resources NL.
Strong drill hits from Saracen Mineral
Holdings Ltd’s suite of projects have pro- Separately, reconnaissance RC drill-
vided further encouragement that it is on ing 2km north of Bombora at the Cres-
track to grow inventory and production to cent prospect intersected shallow gold
a future ambition of 400,000 ozpa gold in mineralisation of economic interest in
Western Australia. several drill holes.

Thick high-grade results from outside Better results include 11m @ 3.84
the reserves at Karari, Carosue Dam, in- g/t gold from 1m and 9m @ 1.88 g/t
gold from 40m. The results highlight
the scope for significant growth in the
resource extending north of the Bom-
bora deposit, and confirm the camp-
scale growth potential of the Lake Roe
project.

With 3-4 rigs in operation, Breaker
was continuing resource and exploration
drilling with the aim of delineating 700-
800,000oz of high-grade open pit gold
mineralisation, while deeper underground
potential is to be advanced in the longer
term.

Industry leaders in Aircore
Deep hole Reverse Circulation

Experienced in complex remoBteOeSxTpEloCraHtion drilling

29a Clayton St, Bellevue WA 6056

www.bostech.com.au 08 9250 4252

AUSTRALIA’S PAYDIRT SEPTEMBER 2018 Page 103

comings and goings

Peter George has been un- project director, having spent of experience and also serves Prospect Resources Ltd has
veiled as Alicanto Miner- the past eight years with Nord as a non-executive director of appointed Trevor Barnard,
als Ltd’s new chief executive. Gold SE which operates three Eclipse Metals Ltd. Nixon Mugwadhi and Malcolm
George is a mining engineer mines in Burkina Faso and one Titley as project manager, min-
who most recently held the role in Guinea. Metminco Ltd has appoint- ing manager and grade control
of project resident manager at ed Nick Winer to the new- manager respectively. Barnard
Mineral Resources Ltd where Salt Lake Potash Ltd has ly created role of Colombia- is slated to become general
he was responsible for bring- appointed Clint McGhie as based director of exploration. A manager of the company’s Ar-
ing the 200mt Wodgina lithium chief financial officer and com- geologist with more than three cadia gold project in due course.
DSO project into production pany secretary. McGhie, who decades of experience across
within 49 days. replaces the outgoing Sam multiple continents, Winer GR Engineering Ltd man-
Cordin, has previously held spent four years as vice-pres- aging director Geoff
Don Harper similar roles with Apollo Miner- ident of exploration for Anglo- Jones has joined the board of
als Ltd, Berkeley Energia Ltd Gold Ashanti Ltd’s Colombian Blackham Resources Ltd as a
Former Kin Mining NL man- and Sovereign Metals Ltd. subsidiary. non-executive director. Jones
aging director Don Harper replaces Greg Miles, who de-
will assume the same role at Harry Miller has taken on Francis Harper has accepted parts after seven years with
upcoming listing Condamine company secretary duties the role of non-executive the company.
Resources Ltd. Paul Angus at Latitude Consolidated Ltd fol- chairman at Vital Metals Ltd.
has also been appointed the lowing the resignation of Chris Harper is the founding director Greg Miles
company’s New Zealand-based Huish. of Blackwood Capital, which has
non-executive technical director. raised over $1 billion for small Doug Buerger has retired as
Andrea Maxey resources companies over the a non-executive director of
Outgoing Gold Road Re- past 15 years and previously Marenica Energy Ltd. Buerg-
sources Ltd managing di- Andrea Maxey and Simon chaired West African Resources er served on the company’s
rector Ian Murray will chair Rox Jenner have joined the Ltd between 2009 and 2015. board for eight years, includ-
Resources Ltd spin-out Helios board of the Gold Industry ing as chairman between 2014
Gold Ltd. Rox managing direc- Group. Maxey is vice-pres- Jason Brewer has joined the and early 2018.
tor Ian Mulholland will serve ident of corporate affairs at board of Metalsearch Ltd.
as a non-executive director of AngloGold Ashanti Australia, A former investment banker, Ironbark Zinc Ltd has ap-
Helios, with former Sundance while Jenner is general man- Brewer is chairman of Winmar pointed Maciej Sciazko as
Resources Ltd general man- ager for capability and culture Resources Ltd, managing direc- a non-director. Sciazko, who
ager geology Robin Longley at Gold Road Resources Ltd. tor of Force Commodities Ltd replaces Kelly Strong on the
to serve as the new company’s and holds non-executive direc- board, is the nominee of global
managing director. Simon Jenner torships with Vector Resources zinc producer Nyrstar.
Ltd and Tao Commodities Ltd.
Symbol Mining Ltd has ap- Matthew Edmondson has Hedley Widdup has stepped
pointed Peter Turner to been appointed com- Mark Wilson has succeed- down as a non-executive di-
the new role of general man- pany secretary of Shaw River ed Bruce Goulds as chief rector of Kasbah Resources Ltd.
ager, exploration and business Manganese Ltd. Luke Innes, financial officer at Mineral Re- Widdup’s departure is part of
development. Turner, who Nicholas Young and Kyla Garic sources Ltd. Wilson had pre- the regeneration strategy put in
has held senior technical and also form the company’s new- viously served seven years place by the company last year.
management positions with look board of directors. as finance director with Laing
African-focused companies O’Rourke. Gould, who has AVZ Minerals Ltd has ap-
Azumah Resources Ltd and Craig Hall has been ap- been with the company since pointed Graeme Johnston
Golden Star Resources Ltd, pointed to the board of its listing on the ASX in 2006, as technical director. Johnston
will lead the Symbol’s team of Auris Minerals Ltd as the nomi- has taken a leave of absence is a geologist with more than
geologists in Nigeria. nee to represent the interests to recover from health-related 30 years’ experience operating
of Investmet Ltd. Hall is a ge- issues and will formally retire in Australia, the Middle East,
Matthew Wilcox has joined ologist with more than 30 years on December 6. Romania, Malaysia and re-
West African Resourc- cently the DRC.
es Ltd’s executive team as Navarre Minerals Ltd has
chief development officer to appointed non-executive Steve Tombs has retired as
oversee the construction of director Colin Naylor as its new general manager at Red
the Sanbrado gold project in company secretary. Naylor 5 Ltd. Tombs will stay on as
Burkina Faso. Wilcox is an ex- was previously chief financial a non-executive director of
perienced West African gold officer and company secretary the company, while Brendon
for Melbana Energy Ltd. Shadlow moves into the posi-
tion of general manager.
Jeff Armstrong has been
appointed an independ-
ent non-executive director of
Piedmont Lithium Ltd, replac-
ing Mark Pearce. Armstrong is
chief executive and managing
partner of strategic and finan-
cial advisory firm North Inlet
Advisors LLC.

Page 104 SEPTEMBER 2018 AUSTRALIA’S PAYDIRT

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AUSTRALIA’S PAYDIRT SEPTEMBER 2018 Page 105

leftfield

A mint mine tour
Gold bugs now have the chance to see known that the Boddington gold mine had
the complete gold production process eclipsed the Kalgoorlie Super Pit as Aus- Shire of Boddington chief executive Chris
with the West Australian Government, tralia’s largest gold mine, with production Littlemore, Go West Tour Mine to Mint tour
through Go West Tours, backing Newmont reaching 787,000oz in 2017.
Australia and The Perth Mint in the new leader David Smart, Go West Tours
Mine to Mint tourism initiative. “Though Boddington is most commonly general manager David Haoust,
associated with agriculture and forestry, it
The Mine to Mint guided day tour will is interesting to note that the association WA Premier Hon Mark McGowan,
take visitors to the nation’s largest oper- with gold goes back to identification of Newmont Boddington Mine general
ating gold mine, Newmont’s Boddington, the Saddleback greenstone belt in 1975,” manager Jim Cooper and Perth Mint
130km south-east of Perth, and to Aus- Cooper said.
tralia’s oldest operating mint. chief executive Richard Hayes
Perth Mint chief executive Richard
As the first tour of its kind in Australia, Hayes said the close proximity of Aus- give the public the chance to experience
Mine to Mint adds a new dimension to the tralia’s largest gold mine, less than a two the magic, allure and wonder of pure gold.”
unique tourism offerings in WA, combin- hour drive from Perth, provided the unique
ing the attractions of The Perth Mint with a opportunity to combine the attractions of
visit to an actual operating gold mine. the Boddington mine and the Mint’s gold
exhibition.
Newmont Boddington Gold general
manager Jim Cooper said it was not widely “Mine to Mint will be a success as it will



INDEX

African Rainbow 14 Encounter 11 Melbana 104 Red River 76-77, 78
Endeavour Silver 92 Metals X 44
Aldoro 10 Evolution 42, 51 Metalsearch Regis 38, 39, 100
Metminco 104
Alicanto 90, 104 Metro 104 Renascor 54-55, 67
Mineral Resources 27, 43
Alliance 63 MMG 41, 104 Rex 58
Moho 72-73
Alta 79 First Quantum 96 Mod Rio Tinto 19, 43, 44, 47, 52, 90,
Force 104 Molycorp 10
Altura 45 Fortescue 44, 90 Montem 85 96
Freeport Myanmar Metals 23
AMA 46 96 10 Rox 36, 104
98-99
AMD 10 Roy Hill 44

Anglo American 7, 100

AngloGold 7, 34, 36, 104 Galaxy 47 S2 Resources 34

Apollo Minerals 104 Gascoyne 45 Salt Lake Potash 104

Artemis 39 Gindalbie 64 Sandfire 10, 32

Atlas 44, 46 Global Geoscience 52 Saracen 32, 37, 38, 103

Auris 32, 104 Gold Fields 7, 11, 36-37, 94 Navarre 104 Savannah 47

AVZ 104 Gold Road 36-37, 104 New Century 72-73, 78 Scotgold 10

Awati 10 Golden Star 104 New Pacific 92 Shaw River 104

Azumah 104 New Talisman 17 Sheffield 43

Hancock 44 Newcrest 7, 38, 45, 90 Sigma 47
Harmony 7
Bannerman 10 Helios NewGold 85 Solgold 90
Heron 36, 104
Barrick 102 Hillgrove 78 Nevsun 96-97 Sovereign 104
Hot Chili
Bathurst 17 58, 70 Nickel Mines 10 St Barbara 37, 38, 100
82-86
Beach Energy 61, 70 Nord Gold 104 Sultan 10

Berkeley Energia 104 Norilsk 13, 14-15 Sundance 104

BHP 30, 44, 45, 59, 70, 90 Northern Minerals 19, 20-25, 47 Symbol 104

Black Dragon 10 Incitec Pivot 104 Northern Star 8-9, 33, 34,37,
Independence 10, 29, 30
Blackham 104 Investigator 50, 80 Tao 104
Ironbark Zinc 55, 63 Tawana 46, 47
Blackstone 49-51 104 Novo 39 Tempus
Terramin 10
Breaker 103 Nystar 104 Todd River 68
Torrens 102
Bryah 41 Trigg 64
Tyranna 10
Carawine 102 Jameson 17 OceanaGold 17, 102 62, 63
Carpentaria 69 Jupiter 70 Oz 60, 64, 70, 73
Catalyst 38
Chevron Kasbah 104 PanAust 98 Vale 13, 44
Cobalt Blue 101 Kidman 27 Pantoro 40 Vector 104
Codelco 47 Kin Peel 38, 103 Venture 12
Collerina 93 Kingswest 104 Perilya 99 Venturex
Condamine 47 Kirkland Lake 10 Petropavlovsk 87-88 Vital 80-81, 101
Constellation 27 Piedmont 47, 104 104
Coolgardie 104 Pilbara 46
Cooper Energy 10 Latitude 104 Plateau 89 WBD Gold 87-88
Cowan 10 Leigh Creek 58 Poseidon 10 West African 104
Linq 58 Prodigy 38 Western Areas
61, 70 Lundin Gold Prospect 104 Westgold 10, 11, 28
46 Lundin Mining 104 Winmar 33, 34
Lynas 96 Woodside 104
Duketon 38 WPG 98
Dundee 96 22, 23 62

Eclipse 104 Magmatic 102 Rafaella 10
Eldorado 96 Marenica 104 Raiden 96-97
Marmota Ramelius 10, 11
66 Red 5
104

Page 106 SEPTEMBER 2018 AUSTRALIA’S PAYDIRT

0428 936 962

ASX code: CMM

Page 108 SEPTEMBER 2018 AUSTRALIA’S PAYDIRT A Compelling
Opportunity
in the Australian
Gold Sector

A straight forward gold mining
project with considerable upside

Positive Feasibility Study - Stand-alone gold project

• Bibra Deposit – Ore Reserve 892,000oz (May2018)
• Based on previous 1.4Moz Measured and Idicated
Resources (May 2018)

• Single low strip ratio open pit
• Firm “base case” economics

• ~100,000oz/pa at an average AISC A$1038/oz
over an initial 8 years

Premier “low risk” mining jurisdiction

• Permitting advancing to schedule

Targeting first gold production late-2019

• Debt financing process underway

Ongoing Resource growth from active exploration
programs

• 50.96Mt @ 0.9 g/t Au for 1,525,000oz (May 2018)
• 100% growth in Resources since acquisition

Ongoing project optimisation

• Guaranteed Maximum Price, EPC tender process completed
– significant capex savings

• Pit redesign and reschedule (June 2018)
– improved cashflows

• Optimised project power solution (Sept 2018)
– significant opex savings

Proven geological endowment - minimal previous
exploration

• 1400km2 of 100% owned exploration and mining
tenements

• Large scale K3/Francopan prospect yet to be
evaluated

• Aggressive ongoing exploration program

capmetals.com.au


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