The 290th Sydney Mining Club – Leading Edge Event
at 5.15 pm on 4 July 2024 at the Establishment Ballroom
A New Gold Rush
Three Australian Companies set to ‘Cash-In’ on a Rising Gold Price
At 5:30pm on the 4th of July at The Establishment, the Sydney Mining Club will host the CEO of Santana Minerals Damian Spring; the Managing Director of Ballymore Resources David A-Izzeddin; and the Managing Director of Legacy Minerals Chris Byrne to discuss several major gold projects from New South Wales to Queensland to New Zealand.
Santana Minerals (ASX: SMI)
Damian Spring, CEO
Santana Minerals is a precious metal explorer focussed on its Bendigo-Ophir Project on the south island of New Zealand.
The project contains a new Mineral Resource Estimate of 2.45Moz gold @ 2.0g/t (0.5g/t Au lower cut-off grade with top-cut).
Exploration is ongoing with three diamond drill rigs and one reverse circulation rig operating on site.
Santana is now progressing its pre-feasibility study. This follows the completion of a scoping study that modelled production of 110,000oz of gold p.a. at a production cost of A$1,290/oz.
Ballymore Resources (ASX: BMR)
David A-Izzeddin, Managing Director
Ballymore Resources is developing its Dittmer Project, 20km west of Proserpine in Central Queensland.
The Dittmer Project contains the historic, high-grade Dittmer mine which was discovered in 1934 and produced over 54,000 Oz of gold to 1951.
The company is assessing the potential for near term restart.
Some recent drill holes reported significant intersections of 15.0m @ 3.00 g/t Au from 151m, including 3.9m @ 8.93 g/t Au from 152m, including 1.9m @ 15.58 g/t Au from 154m.
Legacy Minerals (ASX: LGM)
Chris Byrne, Managing Director
Legacy Minerals is exploring for high grade gold, copper, and base metal deposits in the Lachlan Fold Belt of New South Wales. .
The company has a significant land holding of 2,450km2.
Legacy is targeting multiple styles of mineralisation (porphyry, Cobar-style, epithermal, volcanic hosted massive sulphide and skarn) systems across its projects.
Currently Legacy is focussing on its Bauloora project.
Drilling of the first targets at Bauloora resulted in the discovery of the Bluecap prospect, returning 13m at 1.66g/t Au, 6.68g/t Ag, 0.14% Cu and 4.23% Pb+Zn from 57m.
Not to be missed!
