Anax Metals

Financials:

Primary ticker: ASX:ANX
Stage of development: Exploration, Development
Primary minerals: Copper
Project to promote: Whim Creek Mine
Project location: Pilbara
Website: anaxmetals.com.au
Corporate presentation: Click here
Corporate video: Click here

Anax is a listed development company with an 80% interest in the Whim Creek Copper Project. Anax is focused on delivering leveraged financial outcomes for investors through the near term development of the planned copper mine in the Pilbara region of Western Australia. Using a combination of smart sorting and associated technologies Anax plans to deliver sustainable copper within 18 months through a low CAPEX development at the mine which already has significant infrastructure in place. Anax’s strategy to integrate smart particle sorting and associated technologies delivers a unique combination of leveraged economic outcomes, significant carbon footprint reductions and environmental benefits. Exploration is also taking place on the prospective land package in the Pilbara region.


Cash:
AUD$6.4M

Debt: NIL

Major Shareholders:
Jetosea Pty Ltd – 16.7%
Board – 10.6%
HSBC (Australia) Limited – 7.47%
J P Morgan Nominees – 6.19%
Bearay Pty Ltd – 6.01%


Management Profile

Geoff Laing – Managing Director
Chemical Engineer, with 30 years in mining and project development in operations design and corporate roles. He has been involved in the exploration and junior mining sector for the last fifteen years in corporate and advisory roles. A specialist in the integration of the specified technologies to mining projects Geoff is focused on delivering leveraged outcomes for investors. Geoff has been instrumental in developing the Anax strategy to monetise stranded assets and leads a team of specialised mining professionals to deliver on the company goals.

What is your rationale for taking part 121 Mining Investment?

Looking to meet with investors (particularly funds and high net worth investors) that are focused on:
• Near term copper production
• ESG and managing emissions and the environmental footprint
• Technology solutions

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

• Study Results/Details
• Exploration Programme Details
• Site Upgrades
• Plans regarding project acquisitions

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

3 Months:

– Completion of DFS
– Near mine exploration drilling

6 Months:
– Near mine exploration drilling
– FID and commencement of development

12 Months:

Development
– Consolidation transactions

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

The availability of mining professionals and human resources are generally constrained in Western Australia. Anax has built up a diverse team of key professionals for the execution of the DFS. However, consultants, contractors and laboratories are required to deliver the study and our schedule will be impacted by external factors.

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

Sustainable near term copper production in a premium mining jurisdiction with significant exploration upside.

What are the top 3 key investor takeaways?

1) Near term sustainable West Australian copper production
2) Measurable carbon reduction and environmental benefits through the integration of smart sorting and bioleaching
3) Exploration growth potential