230th Sydney Mining Club (at 5.30pm for a 6.00pm start)
on Thursday 22nd February at The Ivy Ballroom
SMC Gold Showcase 2018
Celebrate Australia's high-performance mining industry with the leaders of some of our biggest producers!
Join us for dinner and drinks to discuss ramp-ups, acquisitions plus strong exploration and production results from across the nation!
Western Areas, Saracen, Northern Star, Newcrest, Evolution, Independence! Not to be missed!
Western Areas Limited ~$3.40
Dan Lougher, Managing Director
Pure nickel-player Western Areas is nearing completion of a $24M bacterial leach processing plant upgrade at Forrestania, ready to fill the high-grade nickel concentrate shortage of electric vehicle and long-life battery markets, aiming to produce 1,400t of 50% Ni concentrate a year. Flagging strong results from a DFS due mid-2018, the Odysseus operation's projected mine life is expected to increase from eight to 10+ years. MD Dan Lougher returns this year to talk future tech needs plus the way forward for Odysseus.
Saracen Mineral Holdings Limited ~$1.50
Raleigh Finlayson, Managing Director
Delivering on 2017's promise, Saracen has become Australia's newest 300,000ozpa gold producer - on time and ahead of budget! Boosting exploration spending to $31M in 2017 has extended Reserves and mine life at both Carosue Dam and Thunderbox operations in Western Australia. MD Raleigh Finlayson will shine a light on the recent exploration results.
Northern Star Resources ~$5.90
Bill Beamont, Executive Director
Riding 2017's wave of success, Aussie gold champion Northern Star has tripled its Reserves base to 10.2Moz, growing production to 600,000ozpa in 2018. Executive Director Bill Beamont will detail the company's $65M expansionary capital and $35M exploration plans across Jundee, Paulsens and Kalgoorlie projects.
Newcrest Mining Limited, ~$23.10
Gerard Bond, Chief Financial Officer
Australia's largest gold producer, Newcrest Mining, returns to the club to celebrate an incredible 2017 - pouring 2.4Moz Au and earning almost US$400M with an AISC of US$787/ounce across five huge global projects. Eager to expand and follow its "large reserve, low cost" mantra, Newcrest is exploring a dozen JVs globally.
Evolution Mining Limited ~$2.75
Bryan O'Hara, Group Manager
Producing 844koz of gold in 2017 from six projects has lifted Evolution Mining into the ranks of Australia's largest gold producers. Since acquiring the Cowal project in NSW mid-2015, Reserves have been doubled to 3.2Moz and mine life extended to 2032, with gold production totaling 500koz. Group Manager Bryan O'Hara will discuss Evolution's economic performance and plan to deliver maximum value from its strong portfolio.
Independence Group ~$5.10
Peter Bradford, Managing Director and Chief Executive Officer
Less than three years after acquiring the giant Nova deposit, the project has achieved nameplate base metal production. But this is only the start for Independence Group's growth ambitions in the Flinders Ranges with half of a $25M exploration budget to be spent in the area. Steady production across four Australian projects last year saw the company swing from a $59 million loss to a $17 million profit. MD and CEO Peter Bradford will be discussing the Nova Project ramp-up and the challenges of maintaining strong production across four projects.
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.