Exore Resources

Website: www.exoreresources.com.au
Primary ticker: ASX:ERX
Stage of development: Exploration
Primary minerals: Gold
Project to promote: Cote dÍvoire Gold Projects

Live financials

Exore Resources Limited is an Australian based resources company listed on the ASX (ERX) with a market capitalisation of approximately $30 million. The Company is well-funded with ~$15 million cash and a team with a proven track record taking exploration projects through discovery and feasibility.

Exore recently acquired some of the most compelling gold exploration ground in northern Cote d’Ivoire, covering 1,345km2, located along strike from Randgold’s 4.2Moz Tongon Gold Mine and Perseus’s Sissingue Gold Mine.

Côte d’Ivoire is an established and proven jurisdiction for exploration, permitting and mine development, with an attractive fiscal regime and mining code. The country has seen five gold mines developed over the past 10 years with several recent additional +1Moz gold discoveries at resource definition/feasibility stage.

Management Profile

Justin Tremain , Managing Director

Mr Justin Tremain has extensive experience across the mineral resources sector. Most recently, he founded Renaissance Minerals Limited (ASX:RNS) and listed it on the Australian Securities Exchange in June 2010 and served as Managing Director until its takeover by Emerald Resources NL in November 2016. During that time, Mr Tremain oversaw Renaissance’s growth as first mover into the frontier jurisdiction of Cambodia and successfully defined a highly economic +1 million ounce JORC gold resource and completion of a feasibility Study. Following the takeover of Renaissance by Emerald, Mr Tremain joined Emerald as an Executive Director. He resigned from this position to assume the role of Managing Director at Exore Resources. Prior to founding Renaissance, he had over 10 years’ investment banking experience in the natural resources sector and has held positions with Investec, NM Rothschild & Sons and Macquarie Bank.

What is your rationale for attending 121 Mining Investment?

Exore Resources has recently acquired an exceptional gold project in Cote d’Ivoire. Being well funded with over A$15 million of cash, the company is about to commence an aggressive drilling program and is seeking to grow investor awareness of this emerging gold project.

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

Several large scale targets, based on highly anomalous geochemistry, have been defined with the project area. All these prospects offer significant gold discovery potential. To date, one of these targets has been subject to drilling, within results including:
– 17m @ 22.52g/t gold from 8m
– 14m @ 11.24g/t gold from 12m
– 35m @ 2.93g/t gold from 65m
– 11m @ 9.07g/t gold from 50m
– 11m @ 6.69g/t gold from 10m
– 10m @ 6.86g/t gold from 58m
– 6m @ 10.56g/t gold from 44m
– 8m @ 7.35g/t gold from 84m
– 18m @ 3.10g/t gold from 32m

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

3 Months:

+30,000 drilling program at the recently acquired gold project in northern Cote d’Ivoire

6 Months:

Definition of a maiden JORC resource estimate

12 Months:

+1Moz gold discovery

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

Being a new acquisition, the biggest challenge for the company is increasing the market awareness of the company and potential of the project it has acquired. This will be addressed by a steady flow of drilling results over the next 6 months and increased level of promotion of the company.

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

Exore Resources has secured some of the most compelling West African gold exploration ground in the proven jurisdiction of Cote d’Ivoire. The company is extremely well funded for an aggressive resource definition and exploration drilling program.