Argonaut Resources

Website: www.argonautresources.com
Primary ticker: ASX:ARE
Stage of development: Exploration, Development
Primary minerals: Cobalt, Copper, Gold
Project to promote:Torrens Copper, Lumwana West Copper-Cobalt

Live financials

Argonaut Resources NL is an Australian Securities Exchange listed exploration and development company focused on the Torrens copper project in joint venture with Aeris Resources Ltd in South Australia, and the Nyungu copper-cobalt project at Lumwana West in north-western Zambia.

Management Profile

Lindsay Owler,  Director & CEO

A geologist and geophysicist by training, Lindsay has 25 years’ experience in exploration, development and public company administration.

 


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

Commencement of a major, deep drilling program at the Torrens project in late January 2019. The Torrens JV is testing 8-10 IOCG gravity anomalies in the initial phase of drilling.

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

3 Months:

Continue major, deep drilling program at Torrens.

6 Months:

Deliver Torrens drilling results to the market.

Complete Lumwana West metallurgy and process flow-sheet.

12 Months:

Commence advanced exploration/resource definition at Torrens.

Complete scoping study at Lumwana West.

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

The technical challenges of drilling deep diamond drill holes on the salt crust of Lake Torrens.

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

Copper discoveries nearby to Torrens have delivered unequivocally commercial copper discoveries.
Torrens is in true elephant country, as evidenced by:
– BHP’s Oak Dam West discovery of Nov 2019 – 427m at 3% copper, including 180m at 6% copper; and
– Olympic Dam – >10 billion tonnes at 0.78% copper.
The Torrens gravity anomaly covers a very large area and contains 28 individual targets within the broader anomaly.