224th Event - Thursday 3rd August 2017
Catherine Norman of FAR Limited
FAR an African focussed oil and gas exploration and development company with high value assets in West Africa, East Africa and Australia. It is capitalised at over $400M. In West Africa, FAR holds a portfolio of exploration licences in Senegal and Guinea-Bissau. In East Africa, FAR has exploration acreage in the emerging oil and gas province of Kenya. FAR also holds acreage surrounded by proven petroleum systems in the state of Western Australia.
Two world class, offshore oil discoveries; FAN-1 and SNE-1, were made by FAR in Senegal in late 2014 which have transformed FAR and underscored the global significance of its West African margin exploration leases. FAN-1 and SNE-1 were the first exploration wells to be drilled offshore Senegal for over 20 years and the first wells ever drilled in water deeper than 500 metres. SNE was ranked as the world’s No. 1 discovery for 2014.
Catherine is a professional geophysicist with twenty years’ experience in both the mineral and oil and gas exploration industry. She has held executive positions in Australia and the UK and operated in Europe, Africa, the Middle East and Australia.
Richard Hyde of West African Resources
West African Resources (ASX/TSX-V: WAF) is developing the Sanbrado Gold Project (formerly the Tanlouka Gold Project), a high-grade gold discovery in Burkina Faso, West Africa.
An open pit feasibility study into the Sanbrado Gold Project in Burkina Faso, West Africa, released earlier this year, has confirmed the project economics. The probable reserve contains 890,000 ounces (16.8Mt at 1.7g/t at a 0.5g/t cut-off). With an estimated capex of $131M, the project has a nine year life, producing 150,000ozpa over the first three years falling to closer to 100,000ozpa over the balance of the mine life. All-in it’s costs including royalties and sustaining capital average $759/oz over the LoM. The project has mining and environmental permit approval.
Richard is a geologist with over twenty years’ experience in mineral exploration in Australia, Europe and Africa. He has consulted extensively with RSG Global and Coffey Mining based in West Africa and Australia. He is a founding director and shareholder of WAF.
225th Event - Thursday 7th September 2017
Gascoyne Resources Limited (GCY) and Managing Director Mike Dunbar
Floated in 2009, Gascoyne has grown its resource inventory to over 2.3M oz of gold in 3 advanced projects in WA. A full feasibility study was completed in November 2016 for the 100% owned Dalgaranda in the Murchison Province, the most current in its portfolio. With an estimated $86M development cost, initial production is targeting 100,000 pa for six years at 2.5Mtpa with significant extension opportunities. The JORC resource is 29.6Mt at 1.3g/t containing 1.23Mozs. GR Engineering recently signed a design and construction contract with Gascoyne. Gascoyne has two further advanced projects which you will learn about in the presentation
Mr Mike Dunbar is a Geologist with 25 years’ experience in exploration, resource development and mining projects, both within Australia and overseas. Mike has been active in exploring and developing a broad range of deposit styles and commodities from Nickel Sulphide deposit development, Archaean and Proterozoic Gold, IOCG copper and gold deposits and sandstone hosted uranium deposits.
Australian Bauxite Limited (ABX) and Managing Director Ian Levy
Come and learn a new perspective on the alternative markets for bauxite outside of alumina refining for aluminium metal production. ABX commenced production in December 2014 at its Bald Hill project in Tasmania, selling to the cement and fertiliser industries. This is the first new bauxite project in Australia in more than 35 years. Apart from Tasmania, Australian Bauxite also has viable tenements across Queensland and New South Wales, adding value to shareholders through the discovery of high grade direct shipping bauxite in Eastern Australia, close to transport infrastructure. ABX is based in Sydney.
Ian Levy has thirty years senior management experience with small to large mining companies, including WMC, Pancontinental Mining, Gympie Gold and CEO of Allegiance Mining, involving development of bauxite, gold, coal, base metals, nickel and industrial minerals projects from discovery to marketing. He was a member of the Joint Ore Reserves Committee (JORC) for 11 years including 4 years as Vice Chairman and Federal President, Australian Institute of Geoscientist.
The Sydney Mining Club's home
The Sydney Mining Club luncheons are held at the Ivy Ballroom, level 1, Ivy, off 320-330 George Street.
Turn into Palings Lane (between glasses and pyjamas shops) and walk to the end then turn left at the bakery into the Ivy.