Striking Gold from Finland to Mongolia

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The 281st Sydney Mining Club – Leading Edge Event
at 5.15 pm on 7 September 2023 at the Establishment Ballroom

‘Striking Gold from Finland to Mongolia’ – Three Australian Explorers Winning in High Stakes Gold on Three Continents

Sydney Mining Club Presents the Managing Director of Xanadu Mines – Colin Moorhead, the Managing Director of Gascoyne Resources – Simon Lawson and the Executive Chairman of S2 Resources – Mark Bennett, to discuss several internationally significant gold resources across Australia, Mongolia and Finland.

Xanadu Mines (ASX: XAM)
Andrew Stewart, VP Exploration

A campaign explorer, Xanadu is now developing Mongolia’s next large-scale copper mine, containing 3 million tonnes of copper and 8 million ounces of gold – not bad for a $180m company.

Now in the final stages of its pre-feasibility study and scheduled to start construction in 2026/27, the aim is for first sulphide con in late 2027. At full production, Xandu will produce 50,000 tonnes per annum of copper and 110,000 ounces of gold over 30 years.

Offering some comparisons, Xanadu says the Kharmagtai project has copper and gold grades starting at surface, compared with Cadia East which starts at 700 metres. Kharmagtai has a gold to copper ratio of 2:1 at surface level compared to Cadia’s 5:1 ratio in its higher-grade panels.

Xanadu’s share price has more than tripled since the start of the year. And with the US now listing copper as ‘critical’ this is a space to watch.

Download Xanadu Mines (ASX: XAM) SMC Leading Edge RaaS Report

Gascoyne Resources (ASX: GCY)
Simon Lawson, Managing Director

Gascoyne Resources has an established mining operation in Western Australia, producing gold from its Gilbeys and Plymouth open pits for its 2.5 million tonnes per annum CIL plant and making around A$75,000 a year.

Its Yalgoo project is undergoing a scoping study, and its Gibleys North project is on the brink of a maiden JORC resource. All up, the Gascoyne has an inferred and indicated gold resource of 1.4 million ounces. The company has a $221m market capitalisation and a strong share price that has doubled since the start of the year. Making gold, making money.

Download Gascoyne Resources (ASX: GCY) SMC Leading Edge RaaS Report

S2 Resources (ASX: S2R)
Mark Bennett, Executive Chairman

You could call them the Mark’s Twain – Mark Bennett and Mark Creasy – the two WA exploration legends who discovered IGO’s mighty Nova-Bollinger nickel sulphide deposit. You will recall the discovery vehicle Sirius Resources split its assets between IGO and SR2 which took its name for Sirius. The hunter is back out hunting in Finland, in NSW and Victoria’s rich Fosterville field.

S2 Resources has over 580 square kilometres of the prospective Central Lapland Greenstone Belt of northern Finland with various granted exploration licences over this highly productive Paleoproterozoic geology. It hosts world-class gold and nickel-copper-cobalt-PGE deposits, including Agnico Eagle’s 7.4-million-ounce Kittilä gold.

Things are looking good with early drilling intercepting gold mineralisation with best intercepts of 6.8 metres at 11.8g/t gold from 223.0 metres, including 4.0 metres at 18.1g/t gold from 223.0 metres in hole FAVD0062 and 20.4 metres at 4.0g/t gold from 193.1 metres.

The company also has exploration licenses surrounding Victoria’s Fosterville gold mine, Western Australia’s Fraser Range nickel province, and north-western New South Wales’ Koonenberry belt. A great opportunity to see what the exploration maestros are up to.

Download S2 Resources (ASX: S2R) SMC Leading Edge RaaS Report

Not to be missed!
 

Welcome Drinks
17:15

Have a drink and finger food while you re-connect with friends and colleagues from the club. Relax and unwind before sitting down to hear our speakers.

  • Julian Malnic
Introduction by Julain Malnic, Chairman
17:45

Julian welcomes the members to the event, gives us a run-down on any mining and resources news since the last event and introduces the speakers.

Chairman, Sydney Mining Club
  • Andrew Stewart
Xanadu Mines (ASX: XAM)
18:00

Andrew Stewart, VP Exploration A campaign explorer, Xanadu is now developing Mongolia’s next large-scale copper mine, containing 3 million tonnes of copper and 8 million ounces of gold – not bad for a $180m company. Now in the final stages of its pre-feasibility study and scheduled to start construction in 2026/27, the aim is for first sulphide con in late 2027. At full production, Xandu will produce 50,000 tonnes per annum of copper and 110,000 ounces of gold over 30 years. Offering some comparisons, Xanadu says the Kharmagtai project has copper and gold grades starting at surface, compared with Cadia East which starts at 700 metres. Kharmagtai has a gold to copper ratio of 2:1 at surface level compared to Cadia’s 5:1 ratio in its higher-grade panels. Xanadu’s share price has more than tripled since the start of the year. And with the US now listing copper as ‘critical’ this is a space to watch.

Vice President – Exploration
  • Simon Lawson
Gascoyne Resources (ASX: GCY)
18:20

Simon Lawson, Managing Director Gascoyne Resources has an established mining operation in Western Australia, producing gold from its Gilbeys and Plymouth open pits for its 2.5 million tonnes per annum CIL plant and making around A$75,000 a year. Its Yalgoo project is undergoing a scoping study, and its Gibleys North project is on the brink of a maiden JORC resource. All up, the Gascoyne has an inferred and indicated gold resource of 1.4 million ounces. The company has a $221m market capitalisation and a strong share price that has doubled since the start of the year. Making gold, making money.

Managing Director
  • Mark Bennett
S2 Resources (ASX: S2R)
19:00

Mark Bennett, Executive Chairman You could call them the Mark’s Twain – Mark Bennett and Mark Creasy – the two WA exploration legends who discovered IGO’s mighty Nova-Bollinger nickel sulphide deposit. You will recall the discovery vehicle Sirius Resources split its assets between IGO and SR2 which took its name for Sirius. The hunter is back out hunting in Finland, in NSW and Victoria’s rich Fosterville field. S2 Resources has over 580 square kilometres of the prospective Central Lapland Greenstone Belt of northern Finland with various granted exploration licences over this highly productive Paleoproterozoic geology. It hosts world-class gold and nickel-copper-cobalt-PGE deposits, including Agnico Eagle’s 7.4-million-ounce Kittilä gold. Things are looking good with early drilling intercepting gold mineralisation with best intercepts of 6.8 metres at 11.8g/t gold from 223.0 metres, including 4.0 metres at 18.1g/t gold from 223.0 metres in hole FAVD0062 and 20.4 metres at 4.0g/t gold from 193.1 metres. The company also has exploration licenses surrounding Victoria’s Fosterville gold mine, Western Australia’s Fraser Range nickel province, and north-western New South Wales’ Koonenberry belt. A great opportunity to see what the exploration maestros are up to.

Executive Chairman
  • Julian Malnic
  • Andrew Stewart
  • Simon Lawson
  • Mark Bennett
Q&A and Wrap-up

The presentations will wrap-up and there may be time for questions.

Chairman, Sydney Mining Club
Vice President – Exploration
Managing Director
Executive Chairman
Mark Bennett

Mark Bennett

Executive Chairman
Simon Lawson

Simon Lawson

Managing Director
Julian Malnic

Julian Malnic

Chairman, Sydney Mining Club
Andrew Stewart

Andrew Stewart

Vice President – Exploration

    Event Detail

    7 September 2023 5:15 pm
    7 September 2023 8:15 pm
    Ballroom
    252 George Street Sydney NSW 2000 Australia