Golden Rim Resources

Primary ticker: ASX:GMR
Stage of development: Exploration
Commodity: Gold
Project to promote: Kouri Gold Project

Live financials

Emerging West African gold developer, Golden Rim Resources Ltd (ASX: GMR), is focused on the discovery and development of gold projects in West Africa.
The Company’s Kouri Gold Project, located in NE Burkina Faso, contains over 1.4 Moz in defined Mineral Resources, with significant upside potential to grow. The Company is currently drilling and expects to significantly expand the Mineral Resource and to commence pre-feasibility within the next 12 months.

Management Profile

Craig Mackay, Managing Director

Craig Mackay is a geologist with 30 years of experience in the resource sector in Australia, Asia, Africa and North and South America. He holds Bachelor of Applied Science – Applied Geology, Bachelor of Science (Honours) and Master of Science degrees. He is a Member of the Australasian Institute of Mining and Metallurgy and the Australian Institute of Company Directors. Mr Mackay has held positions with a number of major resource companies, including Shell, Acacia Resources and AngloGold. Mr Mackay has been a director of Golden Rim since 8 October 2004 and Managing Director since 19 February 2007.

What is your rationale for attending 121 Mining Investment?

To promote the 1.4Moz Gold Mineral Resource at the Kouri Project and its potential upside. To seek funding partners to advance the project toward development.

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

04/03/19 $2.25 Million Placement to Advance Kouri Gold Project
16/01/19 Bonanza Intercept of 4m at 44.7g/t Gold at Kouri
15/01/19 10m at 4.1g/t Gold Intersected at Red Hill
11/12/18 Acquisition of Permits Adjacent to 1.4Moz Kouri Resource
03/12/18 1.4M Oz of Gold in Upgraded Kouri Mineral Resource

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

3 Months:

Drilling to follow-up four priority target areas including the newly discovered high grade zone (4m at 44.7g/t)

6 Months:

Drilling to expand the 1.4Moz Gold Mineral Resource to 2Moz

12 Months:

Completion of Pre-Feasibility Study

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

Market uncertainty and the challenge of funding the project in current market conditions

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

One of the most undervalued companies on ASX with an EV of $4 per Oz. 1.4Moz Gold Mineral Resource is expected to grow substantially over next 6 months.