Apollo Minerals Limited is developing the Couflens tungsten and gold project in the Pyrenees region of southern France. Within the 42km2 exploration licence lies the historical Salau mine, one of the world’s highest-grade tungsten mines which closed in the mid 1980’s and remains open at depth.
The company is focused on the re-activation of the Salau mine whilst at the same time aggressively exploring for gold, with recent field programs returning grades of up to 24.5 g/t gold from rock chip samples, demonstrating the potential for shear-hosted gold deposits along major fault zones.
Hugo Schumann – Executive Director
Mr Schumann commenced his career as a management consultant before moving into the natural resources sector, initially as part of an investing team in London focused on early stage mining projects and then working in corporate development functions for a number of listed mining and energy companies. He has more than a decade of experience in the financing and development of mining and energy projects globally across a range of commodities. He holds an MBA from INSEAD, is a CFA Charterholder and holds a Bachelor of Business Science (Finance CA) from the University of Cape Town.
What is your rationale for attending 121 Mining Investment?
Apollo Minerals will be updating the market on progress made at the Couflens Project in France and adjacent Aurenere Project in Spain over the past year.
The Company is backed by Chairman Ian Middlemas and Director Robert Behets who were respectively Chairman and Director of Papillon Resources Limited whose Fekola Gold Project is now a significant gold producing asset.
What recent news would you like to highlight to investors attending?
Surface exploration programs carried out at the Couflens Project identified widespread high grade gold mineralisation, with grades up to 24.50 g/t gold. These gold occurrences are associated with fault structures and tungsten skarn mineralisation.
Tailings samples from a historical tailings disposal area returned grades up to 8.94 g/t gold, confirming the presence of gold associated with the tungsten ore mined during the latter years of production at the historical Salau tungsten mine.
What are your key goals for the next 3, 6 and 12 months?
Complete the final round of health and safety tests
Commence underground drilling
Publication of Maiden Mineral Resource Estimate – Scoping Study
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
The development of mining projects in Europe, whilst having benefits in terms of infrastructure, skills and secure title, is subject to strict scrutiny from environmental groups and other stakeholders. The Company’s Directors and Management have an excellent track record of project development in Europe, and focus heavily on transparent community engagement and the completion of work programs in accordance with the highest international standards.
In a sentence, what do you think makes your company such a compelling investment?
This is a project with massive exploration upside for gold and tungsten from a team with an excellent track record in value creation within the mining space.