Marvel Gold

Financials:

Primary ticker: ASX:MVL
Stage of development: Exploration
Primary minerals: Gold

Project to promote: Tabakorole
Project location: Mali
Website: www.marvelgold.com.au

Marvel Gold (ASX:MVL) is a Mali-focused gold explorer with advanced gold exploration assets including the 1MOz Tabakorole Gold Project and extensive landholdings in South Mali. In addition, Marvel holds 31% of Evolution Energy Minerals (ASX:EV1).


Cash: AUD$5M
Debt: Nil


Major shareholders:
Capital DI – 14%
Deutsche Balaton Group – 13%
Citicorp Nominees – 5.3%
BPM Capital – 4.2%
Quintero Group – 2%
Management Ownership – 2.5%

Management Profile

Chris van Wijk – Managing Director
Chris van Wijk is the Managing Director of Marvel Gold and is responsible for identifying and then exploring the assets currently held by Marvel. Chris specialises in project evaluation and project generation and brings to his role in Marvel a wealth of relevant experience including base metal and gold exploration in Africa, Europe, the Americas and Australia as well as joint venture management and project evaluation for major mining companies including BHP, IAMGOLD, First Quantum Minerals and Fortescue Metals Group. Chris has managed various successful exploration projects including the Scoping Study at Mont Nimba in Guinea for BHP Billiton and the resource drilling at First Quantum’s Sentinel Project in Zambia.
 
Chris has a Master of Science in Ore Deposit Geology from the University of Western Australia and is a member of the AUSIMM.

What is your rationale for taking part 121 Mining Investment?

Marvel Gold has a strong pipeline of news flow over the next few months and a number of investors and prospective investors based in London. The Company is fully funded through a recent Entitlement Offer which was strongly supported by shareholders. Marvel is interested in speaking to any investors looking for a growth focussed, pure West African Gold company.

What are your key goals in 3 months, 6 months, 12 months?

3 Months:
Completion of initial Auger drilling campaigns on Kolondieba and Yanfolila

6 Months:
Completion of IP survey at Tabakorole and commencement of large scale RC drilling campaign focussed on testing targets aimed at further Resource Growth.

12 Months:
Commencement of studies to support conversion to a Mining licence at Tabakorole

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

Access to Capital, People and Drill Rigs are the key risks facing Marvel at the moment. We have strong cornerstone investors in Capital DI and Deutsche Balaton who understand the small cap mining and exploration space and are supportive investors. We have a strong national team in-country led by our exploration Manager Dr. Rick Tomlinson who is based in Abidjan and finally, having a large drilling company as a shareholder ensures priority access to drilling rigs!

What do you think makes your company such a compelling investment?

Marvel has a 1 million ounce gold deposit with room to grow through our extensive land holdings in southern Mali. We have a listed investment in EV1 which underpins our market cap and lends us an extremely low EV in comparison to our peers.

What are the top 3 key investor takeaways?

1MOz resource with growth potential.
Market cap underpinned by a large listed investment.
Low EV in relation to peers.