PanEx Resources

Primary ticker: Private
Stage of development: Exploration, Development
Primary minerals: Tungsten
Project to promote: Borralha Tungsten

PanEx Resources’s core business is advanced focused exploration and mining project identification and development. The team has an unrivalled track record in discovering, evaluating and developing new mining projects, many of which have gone on to become world class mines. Strong management, technical and administrative skills, provide comfort for what are usually considered high risk investments.

Third Party Report

Management Profile

Anton Esterhuizen – Director

Anton has had a successful career spanning more than 40 years in industrial minerals, coal, diamonds, base and precious metals, highlighted by discoveries of a number of world class deposits throughout Africa. Anton holds a Master of Science (Mineral Exploration, Rhodes). He received the Dreyer Award by the Society for Mining Metallurgy and Exploration Inc for achievements in economic geology.

Bernard Swanepoel – Director

Bernard is a Partner in THINKspiration as well as founder of To-The-Point Growth Specialists. He also serves as a non-executive director on the boards of Impala, Zimplats, AREP and African Rainbow Minerals Limited. Bernard is chairman of eXtract, the annual Joburg Indaba, as well as President of the AHi and Chairman and Managing partner of MMC, a privately owned Manganese Refinery. Previous roles include Chairman of Village Main Reef Limited and 12 years as CEO of Harmony Gold Mining Company Limited.

Mike Scott – Director

Mike’s professional career has focused on project development, mineral exploration and mining, particularly the open pit mining of gold and platinum, various copper and nickel deposits and diamond mines such as Marsfontein and Klipspringer. Mike is Fellow of the Society of Economic Geologists and recipient of the Des Pretorius Memorial Award for Outstanding Work in Economic Geology.

What is your rationale for attending 121 Mining Investment?

PanEx wishes to showcase the first tungsten project which can be brought into production rapidly.

What recent news would you like to highlight to investors attending?

Evaluation of drill results at the Borralha Project in Portugal has shown that the deposit can be mined to become a low cost tungsten producer.

What are your key goals for the next 3, 6 and 12 months?

3 Months:

Fund raising for the next phase of drilling for grade distribution and mine planning

6 Months:

Commencement of next drilling and bulk sampling phase

12 Months:

Completion of DFS for an open pit mine at Borralha

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

The Borralha Project is fortunate to be within an existing mining property and has the support of the community which will ease the scrutiny from environmental groups.

In a sentence, what do you think makes your company such a compelling investment?

The Borralha Project is potentially a low cost producer of wolframite concentrate which can be brought into production rapidly for low capital cost.