Current operation focused on safely and consistently mining & processing
2Mtpa free milling ore at reduced costs
Focused on a debt reduction and balance sheet enhancement program
FY19 production of 65.4koz @ AISC of A$1,760/oz
FY20 guidance 70k-80koz @ AISC of A$1,550-1,750/oz
Transitioning to a low capex, low risk sulphide mining & tailings retreatment operation at ~100-120koz pa production
+1,600 km2 of tenure & 55 km of strike across four large gold systems in Australia’s biggest gold belt
Resources 96 Mt @ 2.2 g/t for 6.7Moz Au (58% Indicated), Reserves 26 Mt @ 1.8 g/t for 1.5Moz Au
Potential for large scale sulphide operation in the future
Experienced Board and renewed Management team
Milan Jerkovic – Executive Chairman
Mr Jerkovic is a qualified geologist with postgraduate qualifications in mining & mineral economics and over 30 years of experience in the mining industry involving resource evaluation, operations, financing, acquisition, project development and general management. Mr Jerkovic was previously the CEO of Straits Resources Limited and has held positions with WMC, BHP, Nord Pacific, Hargraves, Tritton and Straits Asia Resources (as founding Chairman). Milan is a Fellow of the AIMM and a member of the Australasian Institute of Company Directors. Mr Jerkovic is Chairman of the BLK Audit and Risk Committee and a member of the BLK Remuneration and Nomination Committee.
What is your rationale for attending 121 Mining Investment?
Looking to find US institutional shareholders
What recent news would you like to highlight to investors attending?
The Redevelopment of the Company
What are your key goals for the next 3, 6 and 12 months?
Clean up balance sheet and have a good quarter
Two good quarters and transitioning to production of a concentrate
Concentrate production and developing Stage 2 of sulphide production
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Continuous steady state production – transitioning to sulphides
In a sentence, what do you think makes your company such a compelling investment?