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EPIC: WPG
Market: ASX
52-week High/Low: A$0.08 / A$0.02
Sector: Mining
Market Cap: A$18.12M
WPG Resources Ltd

WPG Resources Ltd

WPG Resources Ltd (ASX:WPG) is focussed on three advanced gold projects in South Australia.

WPG Resources Ltd

www.wpgresources.com.au

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Big picture - Why invest in WPG Resources Ltd


WPG Resources Ltd Snapshot

WPG Resources Ltd is an Australian ASX listed resource company (ASX code WPG) with a current focus on its advanced gold projects in South Australia.

WPG holds its gold prospects through three wholly-owned subsidiaries – Challenger Gold Operations Pty Ltd, Tarcoola Gold Pty Ltd and Tunkillia Gold Pty Ltd. The company has 100% of all minerals at Tarcoola and Tunkillia. The Challenger gold mine is being operated in joint venture with Diversified Minerals Pty Ltd, an entity associated with the PYBAR Group, one of Australia’s pre-eminent and extremely successful underground mining contractors. WPG is the manager of the joint venture.


(click here for more information)

CHALLENGER GOLD PROJECT

Summary

WPG Resources Ltd (WPG) acquired Challenger Gold Operations Pty Ltd (CGO) from Kingsgate Consolidated Limited (Kingsgate) in March 2016.  The mine will be operated under a 50/50 Joint Venture with Diversified Minerals Pty Ltd, an associated company of the PYBAR group of companies, with WPG as the Manager.

CGO is the current holder of the mineral lease (ML) 6103, and miscellaneous purpose leases (MPL) 63, 65 and 66 on which the Challenger Mine is located.


(click here for more information on this project)


TUNKILLIA GOLD PROJECT

WPG Resources Ltd acquired the Tunkillia Gold Project in May 2014 and has 100% of all minerals in the area which covers 1,604 square kilometres.

The Tunkillia Gold Project is located some 550 km northwest of Adelaide and 70 km southwest of Tarcoola in the Gawler Craton and was first discovered in 1996.

The project comprises three exploration licences:

      • EL 4812 Lake Everard 1,088 sq km

      • EL 5670 Lake Everard West 149 sq km

      • EL 4696 Cooritta Hill 367 sq km


(click here for more information on this project)


TARCOOLA GOLD PROJECT

WPG Resources Ltd acquired the Tarcoola Gold Project in May 2014.

The feasibility study for the development of the project was completed during September 2015.  Development continues on fast track targeting construction in 2016 and initial production soon thereafter.

Mining would be a conventional open pit operation with associated heap leach processing.

The location of the Tarcoola Mineral Claim granted and a cross-section of the Perseverance deposit at Tarcoola are shown below.

The proposal for the grant of a Mineral Lease has been accepted by DSD, and in accordance with DSD procedure, will be formally advertised, has been issued to a range of stakeholders and is open for public submissions until 8 October 2015.


(click here for more information on this project)


PENRHYN COAL PROJECT

EL 5718 Robins Rise is both a hard rock minerals and coal tenement that covers the partially defined Penrhyn sub-bituminous coal deposit. The Penrhyn deposit is situated 40 km south of Coober Pedy and 11 kilometres from the Adelaide to Darwin rail line. The tenement is held 100% by Southern Coal Holdings Pty Ltd, (SCH) a wholly owned subsidiary of WPG.

EL 4908 Perfection Well covers an area of 458 square kilometres and is also prospective for the discovery of new coal deposits in the Arckaringa Basin sediments.


(click here for more information on this project)


OTHER PROJECTS

Northern Gawler Projects
EL 4525 Robins Rise
EL 4907 Lake Woorong
EL 5154 Muckanippie
EL 4908 Perfection Well


(click here for more information)



Last updated 26th May 2016.

ROBERT H DUFFIN
EXECUTIVE CHAIRMAN
BSc (Hons), MSc (Hons), Grad Dip Mgt, FAusIMM

Bob Duffin is a company director with over 35 years’ experience in resource exploration and project assessment, including over 20 years’ experience in mining investment analysis, project valuations and assessments of fair value of securities.

Bob has held senior positions in the exploration divisions of Peko Wallsend Ltd and MIM Holdings Ltd, then two of Australia’s largest mining companies, and is a former managing director of Austirex International Ltd, an international resource exploration consulting and contracting firm. He has lived and worked in mining communities, including periods in Kalgoorlie in Western Australia and Mount Isa in Queensland, where he worked on exploration programs for a number of commodities, including gold, copper, uranium, base metals and iron ore. He has also worked with three stockbroking firms and was head of research at one of Australia’s leading resource sector brokers in the 1980s.

Bob was a director of Ferrowest Ltd from 27 July 2006 until 8 September 2011. He was a non-executive director of Centennial Coal Company Limited from 1992 until 2007. He is a former director of the UK resources investment company Europa Minerals Group PLC and a former director of a number of other mining and resources companies including Austmin Gold NL, Burmine Limited and Midwest Corporation Limited.


MARTIN JACOBSEN
MANAGING DIRECTOR & CHIEF EXECUTIVE OFFICER
MSCC, MDP (Unisa)

Martin Jacobsen joined WPG from his previous position as Vice President, Operations, with Golden China Resources Limited, a gold mining and exploration company with project assets in China.  Prior to that he was Technical Director with Emperor Mines Limited and had earlier held senior management positions in gold, chrome and platinum mining operations in South Africa.  He has been project manager for a number of projects in a wide range of commodities and mine types.  Martin’s principal function with WPG is to manage all phases of WPG's mining and exploration projects. He was appointed Managing Director in October 2013.


GARY J JONES
TECHNICAL DIRECTOR
BSc, FAusIMM, MSEG

Gary Jones is a geologist with over 40 years professional experience in mineral exploration and resource and reserve estimation for various type of mineral deposits including porphyry copper-gold and epithermal gold. He is Managing Director of Geonz Associates Ltd, a leading New Zealand firm of consulting geologists, and has been an independent consultant to the mining industry for the past 24 years during which time assignments have been completed in many parts of the world including Australia, Indonesia, North and South America, Canada and New Zealand.

Prior to setting up his own consultancy Gary worked as an exploration geologist for Geopeko for 15 years in various parts of Australia including 12 years in central New South Wales where he established and managed a new exploration operation for Geopeko. During this time he supervised numerous base and precious metal projects throughout the Lachlan Fold Belt and parts of the New England region and is credited with the discovery of the Northparkes porphyry copper-gold deposits.

Following the initial discoveries at Goonumbla, Gary also had a major input into the pegging of a large block of exploration licences in the Lake Cowal region. He planned and supervised the initial regional exploration programs that ultimately led to the discovery of the 4.4 million ounce Cowal porphyry gold deposit. Early in his career Gary worked on iron ore exploration and mining activities in the Northern Territory.


LEN DEAN
NON-EXECUTIVE DIRECTOR
BSc (Met)

Len Dean has had a 40 year career in the resources sector, with particular emphasis in the global iron ore industry. He spent 36 years with BHP, finishing in 2000 as Vice President, Coal and Iron Ore Marketing. During his period with BHP he was General Manager, Marketing for BHP Iron Ore in Perth for 8 years, he managed iron ore mining operations at BHP’s Yampi Sound mine, and he lived and worked at BHP’s (now OneSteel’s) Whyalla works for 3 years. He was Managing Director of Sesa Goa Limited, India’s largest private sector exporter of iron ore, from 2003 to 2006. More recently, he has been an iron ore consultant with a wide client base including Orinoco Iron (Venezuela), Mitsui Iron Ore Development, CVRD (Brazil) and Mineral Enterprises Limited (India).


DENNIS R MUTTON

NON-EXECUTIVE DIRECTOR
BSc (Hons), Grad Dip Mgt, JP, FAIM, FAICD

Dennis Mutton is a management consultant specialising in natural resource management, primary industries and resources, regional growth initiatives and business-government relations. From 1997 to 2002 he was Chief Executive of the South Australian Department of Primary Industries and Resources. He has a portfolio of directorships including Bio Innovation SA, and is Chair of the Council of Rural Research and Development Corporations. He is a former member of the Senior Management Council of the South Australian Government, a former Director of Mines, and a former Director of the Australian Rural Leadership Foundation. Dennis lives in Adelaide.


LIM SEE YONG
NON-EXECUTIVE DIRECTOR
BBA (Singapore)

Lim See Yong is General Manager and Director of Xin Sheng International Private Limited, a trading company related to Tangshan Xingye Industrial and Trade Group Corporation, an investor in raw materials for the steel industry. He spent 11 years with NatSteel Trade International, a Singapore mill that produces bars and wire rods from scrap. He was NatSteel’s chief representative in China for 7 years from 1995. From 2002 to 2006 he was in charge of selling iron ore and steel products to China, and exporting semi and finished steel products to South East Asian markets. See Yong lives in Singapore.


Management

WAYNE ROSSITER
CHIEF FINANCIAL OFFICER
BE (Mining), ACA, MAppFin, MAusIMM, GMAICD

Wayne is both a mining engineer and a chartered accountant. Wayne has held senior finance and management roles in resource and energy companies including Clean Global Energy, Core Mining, Sino Gold Mining, Cockatoo Coal, Roc Oil and Novus Petroleum. Wayne has knowledge and experience in transitioning companies from the exploration stage through to development and into production. His range of experience includes underground coal gasification, coal seam gas, coal, conventional oil and gas, precious metals, gold and iron ore with global experience covering Australia, Africa, China, Indonesia, the USA, the UK, the former Soviet Republic of Georgia and the Middle East.


LARISSA BROWN
COMPANY SECRETARY
BA, Dip Ed, Grad Dip ACG

Larissa Brown has 10 years experience in the administration of resource and resource technology companies. Larissa has a broad range of corporate management and regulatory skills, including compliance issues, ASIC, ASX and share registry matters, Annual Report and website preparation.  Larissa is a Chartered Secretary and was appointed Company Secretary on 6 August 2009.



Last updated 26th May 2016.

CORPORATE & INVESTOR RELATIONS:
Bob Duffin
0412 234 684
Email: [email protected]

PROJECT:
Gary Jones
0410 358 280
0011 6421 455 678
Email: [email protected]

ADMINISTRATION & COMPANY SECRETARIAL:

Larissa Brown
(+612) 9251 1044
Email: [email protected]

WPG Resources Ltd Timeline

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