Yellow Rocks Energy

Yellow Rocks Energy 200x300px

Primary ticker: Private
Stage of development: Exploration, Development
Primary minerals: Uranium
Project to promote: A238 Project
Project location: Mauritania, West Africa
Website: www.yellowrocksenergy.com.au
Company presentation: Click here

Yellow Rocks Energy Ltd is a West African focused Uranium explorer and developer, with its flagship A238 Project located in northern Mauritania, West Africa, 55km south-east of the town of Bir Moahrein. CSA Global UK reported a 2004 JORC compliant Inferred Mineral Resource of 45.2Mt @ 235ppm U₃O₈ for 23.4Mlbs contained U₃O₈(100ppm cut-off). Yellow rocks owns 80% of the project and any ownership points. Mauritania is a Uranium friendly jurisdiction with ASX listed Aura Energy moving into development.

 

The maiden resource estimate for A238 was released in 2012 and is based on assay data from drilling programs carried out by the former license holder, Forte Energy NL. A total of approximately 9,100m of drilling was completed, together with detailed radiometric information and geological modelling.  

 

CSA Global considers there to be upside potential for resource augmentation through the targeting of down-plunge positions and along strike extensions to the currently defined A238 resource and NW Anomaly. These targets should be a focus of future drilling over the project. CSA Global believes there is good potential to upgrade the resource classification to higher categories through additional infill drilling following preliminary pit optimisation work and economic analysis.

 

A 47km long corridor of prospective shear zone along strike from the A238 deposit being highly prospective for uranium exploration. Exploration works will begin post listing to further increase the company’s Uranium inventory.

 

Part of the strategy will be focused on moving the resource to 2012 JORC compliancy, increasing resource confidence to Indicated and Measured and drill targeting extensions for proximal resource extension. The resource at A238 remains open at depth and along strike with additional potential in the high grade zones that were previously defined poorly by the sparse first pass drilling.

 

 

Cash: AUD 7M
Debt: Nil

Management Profile

Marcel Hilmer, CEO

Mr. Hilmer is a long-standing Fellow of the Institute of Chartered Accountants in Australia. He has more than 30 years experience in executive management of global public and private organizations. Mr. Hilmer has significant international mergers and acquisitions expertise working in Africa, Europe, Asia and Australia.
He was the CEO and Executive Director of Forsys Metals for 10 years and developed uranium projects in Namibia. He was a finance and business development executive at Vimy Resources, a uranium project developer in Australia and worked for 6 years with First Quantum Minerals, a global developer and producer of base and precious metals mines.

 

David Lees, Non-Executive Chairman

Mr Lees has more than 20 years’ experience in the Australian financial services industry. Mr Lees commenced his career as a stockbroker before moving into investment and funds management. These roles have given Mr Lees experience with capital markets, portfolio management, business development and corporate governance. More recently, Mr Lees worked in the private sector driving his business from product conception through to design, development and manufacturing and international retail sales. Mr Lees holds a Bachelor of Economics from Murdoch University and post graduate diploma in Applied Finance and Investment. Mr Lees is currently a non-executive director of ASX listed company, Sultan Resources Ltd (ASX: SLZ) and non-executive Chairman of ASX listed C29 Metals Ltd (ASX: C29). Mr Lees is also a non-executive director of Canadian Securities Exchange listed companies, Graycliff Exploration (CSE: GRAY) and Monterey Minerals (CSE: MREY).

 

Dr Greg Shirtliff, Non-Executive Director

Greg has over 20 years’ experience in the geology and geochemistry of uranium including a PhD in uranium geochemistry from the Australian National University. Since his studies, Greg has spent over 17 years in various roles in the uranium industry from environmental, mine geology and resource, exploration and management in mining, exploration and technical projects inclusive of engineering and metallurgical. This has included a number of years at ERA-Rio Tinto’s Ranger Uranium Mine and as the Senior Geoscientist for Cameco Australasia, where he worked on a diverse portfolio of projects in uranium deposits and styles of mineralisation throughout Australia, Canada and the USA. More recently, Greg has been heading up exploration and technical for a small uranium development company in Australia.

 

Bliase Thomas, Non-Executive Director

Blaise has had a successful career encompassing over 25 years in London, Europe and Australia, working within and consulting to, the Mining & Resource, Engineering, Technology, Investment Management and Financial Services industries. He has first-hand experience in building and managing businesses gained from holding board of director, executive and senior level management; consulting and advisory positions with both small to medium enterprises, ASX listed companies and global blue-chip firms.
This has enabled him to gain a strong understanding of local and international markets and importantly, build an extensive, well established network of high-net worth individuals, family offices, private investment group, corporate finance, funds management groups and publicly listed organisations on the ASX, TSX and AIM exchanges.

What is your rationale for taking part in 121 Mining Investment?

To gain exposure to Asian investors prior to the Company’s IPO late 2024 early 2025.

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

3 Months:

To prepare for the ASX listing

6 Months:

Complete ASX listing

12 Months:

Commence expanding the A238 historic resource and exploration activity along the prospective 47km shear zone

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

The general market conditions affecting IPO capital raises.

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

The Company’s Enterprise Value is priced well in the current market, with a historic resource underpinning the valuation.

What are the top 3 key investor takeaways?

1) Well priced Valuation

2) Strong Management 

3) Development assets with exploration upside in a proven jurisdiction.