Webinar: RRS Virtual Investor Forum: Mincor, Calidus, Genesis, Pioneer by Read Corporate

RRS Virtual Investor Forum: Mincor, Calidus, Genesis, Pioneer

About

Join us for our virtual investor lunch series on Wednesday, 8 July 2020 featuring Mincor Resources, Calidus Resources, Genesis Minerals and Pioneer Resources.

The forum will feature 15-minute presentations from each company, with investors also having the opportunity to submit questions.

Agenda

Mincor Resources
Calidus Resources
Genesis Minerals
Pioneer Resources

Presenters

Mincor Resources

David Southam - Managing Director

Mincor Resources (ASX: MCR; market cap: $268.2M) is preparing to reclaim its status as one of Australia’s leading nickel sulphide producers, forging ahead with plans to restart production at its Kambalda Nickel Operations in Western Australia. Last week the Company announced a $60m capital raising to underpin capital development and accelerate exploration across its landholdings in the world-class Kambalda nickel district. The raising will increase Mincor’s cash reserves to over $100 million and put it in an enviable position as it finalises debt funding and moves towards a potential Final Investment Decision for its nickel restart strategy, which is on-track for the September 2020 Quarter.

Calidus Resources

David Reeves - Managing Director

Calidus Resources (ASX: CAI; market cap: $118.5M) has this week delivered an updated Pre-Feasibility Study for its flagship Warrawoona Gold Project in WA’s Pilbara region, outlining gold production of +85,000oz per annum at an all-in sustaining cost of A$1,251/oz. Based on a gold price of A$2500/oz (the average gold price for the last six months and $70/oz below the current spot price), Warrawoona will generate a post-tax internal rate of return of 77 per cent and have a payback period of just 13 months. Based on these strong outcomes, Calidus has committed to accelerating its development timetable, with construction planned to start in the March quarter of next year. A Definitive Feasibility Study on Warrawoona is on track for completion in the current quarter.

Genesis Minerals

Michael Fowler - Managing Director

Genesis Minerals (ASX: GMD; market cap: $74.8M) has just announced the transformational acquisition of the Kookynie Gold Project, providing a strong foundation for its development as a future mid-tier Australian gold producer. The Kookynie Project is located immediately south-east of Genesis’ flagship Ulysses Gold Project near Leonora in WA, with the acquisition increasing the total Mineral Resource at the Greater Ulysses Project to 17 million tonnes grading 2.34g/t Au for 1.28 million ounces of contained gold. A Feasibility Study will commence immediately on a larger standalone gold project at Ulysses which will be fed by both underground and open pit ore sources, with the study due to be completed in Q1 CY2021.

Pioneer Resources

Tim Spencer - Managing Director

Pioneer Resources (ASX: PIO; market cap: $16.6M) will soon be renamed “Essential Metals” to reflect its focus on discovering, delineating and developing the essential metals required for the global transition to manage climate change and deliver clean energy solutions. The Company has recently commenced a Feasibility Study for a Stage 2 expansion of its Sinclair Caesium Mine, located near Norseman in WA, with a recent geological review highlighting strong potential for an extension of the caesium-bearing pollucite lenses that were mined in 2018-19. Stage 1 mining at Sinclair delivered surplus cashflow of more than $10 million, with the expectation that cashflow from Stage 2 would help fund ongoing exploration across the Company’s high-quality lithium, gold and nickel exploration portfolio.

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