Alicanto Minerals

Financials:

Primary ticker: ASX:AQI
Stage of development: Exploration
Primary minerals: Copper-gold at Greater Falun and silver-zinc at Sala
Project to promote: Sala silver-zinc project and Greater Falun copper-gold project
Project location: Sweden
Website: www.alicantominerals.com.au
Corporate presentation: Click here

Alicanto is pursuing aggressive exploration campaigns in Sweden’s highly regarded Bergslagen mining region.

Alicanto is targeting extensions of the historic Sala silver-zinc mine which produced in the order of 200Mozs of silver at grades of up to 7,000g/t. In July 2022, after only a twelve month exploration program, the Company announced its maiden Resource of 9.7mt @ 4.5% ZnEq (containing 311kt zinc, 14.7Mozs silver and 44kt lead) with a high grade core of 4.5mt @ 6% ZnEq. The high zinc grades are analogous with world class silver-lead-zinc systems in the region, including Boliden’s nearby Garpenberg mine only 50km from Sala.

Alicanto is also focused on exploration around the Greater Falun copper-gold project. The historic Falun mine produced 28mt @ 4% copper and 4g/t gold (contained 3.6Mozs gold and 1.1Mt copper).

Cash: AUD$5.3M
Debt: NIL

Major Shareholders:
Steve Parsons – 6.7%
Merk Investments LLC – 6.5%
Gavan Paul Stewart – 5.4%
Alexander Wylie – 3.1%
Robert Rogers – 3.0%
Management Ownership – 14.8%

Management Profile

Rob Sennitt – Managing Director
• Appointed Managing Director and CEO of Mineral Deposits Limited (MDL) in June 2015.
• Following the takeover of MDL in July 2018, Rob became Senior Advisor to Appian Capital with responsibility for the Australian and Asian regions. At Appian, his responsibilities included origination of investments for the Appian Natural Resources Funds as well as portfolio company management.
• Initially an investment banker for over 25 years where his focus was advising companies in the natural resources sector on strategy, capital raising and M&A transactions.

Ray Shorrocks – Non-Executive Chairman

• Investment Banker with 28 years’ experience in corporate finance and has advised a diverse range of mining companies during his career at one of Australia’s largest investment banking and full-service stockbroking and financial services firms.
• Instrumental in managing and structuring equity capital raisings and advised extensively in the area of mergers and acquisitions.
• Previous Chairman of ASX 300 Company Bellevue Gold (ASX:BGL) & current Chairman of Galilee Energy (ASX:GLL) & Auteco Minerals (ASX:AUT).

What is your rationale for taking part 121 Mining Investment?

To highlight the continued activities of the Company and in particular the ongoing success of its exploration programs at the Sala and Falun projects in Sweden’s highly regarded Bergslagen mining region.

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

Alicanto recently announced its maiden Resource at Sala of 9.7Mt @ 4.5% ZnEq, containing 311kt of contained zinc, 14.7Mozs of silver and 44kt of lead. Importantly it contains a high grade core from surface of 4.5Mt @ 6.0% ZnEq. This result was achieved in just over a year since Alicanto acquired Sala. The Resource remains open in all directions and drilling is ongoing. This resource ranks Sala as the largest active undeveloped zinc-silver deposit in Sweden, a country with a significant operating polymetallic base metals mining industry.

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

12 Months:

Our key goals are to continue to pursue our aggressive exploration programs in order to grow the Sala deposit and to further investigate the potential of the Greater Falun copper-gold project.

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

The projects are at a relatively early stage, but both projects are located near historic mines which are significantly underexplored and will benefit from the systematic utilisation of modern exploration techniques. Sala was once Europe’s largest silver producer having produced over 200Mt of silver at an estimated, average grade of 1,244g/t. The Falun mine produced 28Mt of ore grading 4% copper and 4g/t gold. Impressive drill results to date have confirmed that Sala resides in a similar geological setting to Boliden’s major Garpenberg mine which has a resource of over 170Mt. Alicanto’s highly experienced geological team (ex Boliden) have designed a drilling program at Sala to continue to expand the Resource, particularly the high grade core, while also pursing further extensions and repeats of the orebody.

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

• Sweden is a Tier 1 mining jurisdiction, hosting world class mines
• Brownfields projects with significant historical production and high prospectivity
• A limited drill program has produced an impressive maiden resource after only twelve months of ownership
• Numerous drill ready targets are prepared for follow up drilling
• Highly credentialed team with a proven track record and extensive in-country expertise

What are the top 3 key investor takeaways?

• Sweden is a Tier 1 mining jurisdiction
• Brownfields projects with significant historical production and high prospectivity for future discoveries
• A highly credentialed team with a proven track record and extensive in-country expertise