MOD Resources

Primary ticker: ASX:MOD
Stage of development: Exploration, Development
Primary minerals: Copper, Silver
Project to promote: T3 Copper Project, copper-belt scale

Live financials

MOD Resources Ltd (ASX/LSE: MOD) is a dual listed Australian exploration and development company focused on the central Kalahari Copper Belt in Botswana. MOD announced an expanded 60Mt Resource in July 2018 which contains 590kt copper and 27Moz silver. The Company complete its T3 Copper Project feasibility study identifying a copper mine with outstanding economics producing high grade, high quality copper concentrate for 11.5 years through a 3Mtpa processing plant.

Canaccord Research Report in March 2019

Management Profile

Julian Hanna – Managing Director

A geologist with over 35 years of experience in project acquisitions, exploration, development, mining and corporate growth. Previously Julian held the role of Managing Director of Western Areas NL for 12 years before stepping down from that position in January 2012. He was a co-founder of Western Areas and led the company during its transformation from a $6 million junior explorer to become Australia’s third largest nickel mining company capitalised at more than $800 million. Joining MOD in 2013, Julian has successfully led the team to identify another high quality mine.

What is your rationale for attending 121 Mining Investment?

Looking to raise awareness of the copper mine, the potential copper belt scale opportunity as well as to raise the profile of MOD.

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

The results of the T3 Copper Project Feasibility Study.

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

Our development capital sits at $182m and we are looking to identify funding opportunities, however we have had strong interest from debt and non-debt institutions, providing the Board with confidence of the funding opportunities that are available to the T3 Copper Project.

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

We are one of the only companys with a landholding with the scale and prospectivity to be able to say – MOD holds a land package and are looking to unlock the value a potential copper-belt scale in Botswana.
We are trading at low price to valuations and we are looking to produce copper into a supply constrained world. The potential upside is significant.