https://www.proactiveinvestors.com.au Proactiveinvestors RSS feed en Tue, 23 Oct 2018 18:52:56 +1100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[Media files - Bulls, Bears & Brokers: DJ Carmichael's Davide Bosio sees more M&A activity in mid-cap gold sector ]]> https://www.proactiveinvestors.com.au/companies/stocktube/10935/bulls-bears-brokers-dj-carmichael-s-davide-bosio-sees-more-ma-activity-in-mid-cap-gold-sector-10935.html Sun, 21 Oct 2018 18:27:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/10935/bulls-bears-brokers-dj-carmichael-s-davide-bosio-sees-more-ma-activity-in-mid-cap-gold-sector-10935.html <![CDATA[News - Brisbane Resources Round-up informed about resources sector opportunities ]]> https://www.proactiveinvestors.com.au/companies/news/207436/brisbane-resources-round-up-informed-about-resources-sector-opportunities-207436.html Brisbane Resources Round-up attracted hundreds of investors keen to learn more about Australia’s large resources sector from the many companies represented during presentations and in the exhibitor hall.

The two-day event, organised by Vertical Events and held at the Hilton Brisbane, saw 48 companies presenting and 70 exhibitors.

READ: Brisbane Resources Round-up hears ‘genie is out of the bottle’ for new age commodities

Vertical Events managing director Stewart McDonald said, "We are very pleased with how our Brisbane Resources Round-up 2018 continued to bring listed executives from resources companies together with a wide range of investors.”

This sentiment was echoed by Perth investment adviser Terry Gardner who said that he always made the effort and expense to fly over to Brisbane to attend the conference.

He said each year the event opened his eyes to many new investment opportunities.

Small-cap opportunities

Austex Mining Pty Ltd executive director Rob Murdoch said on day two that despite volatile markets, there were still opportunities for investors among the many small-cap players in the resources sector.

However, it was vital that investors did their homework as information empowered the ability to make the right decisions.

READ: Brisbane Resources Round-up will showcase Australia’s resources sector

He said, “Humans can't survive without using resources. They might think they can but it is not possible and with more of us around each year, the need for resources grows.”

On opening day, Regal Funds Management’s head of Australian equities Julian Babarczy said the small-cap resources sector was much harder than at this time last year.

Sentiment now “too cold”

“Back then it was far too hot but now the pendulum has swung too far the other way and sentiment is too cold."

Austex’s Murdoch said there had been a lot of carnage in the market for juniors and the majority had given up all of the gains they had made in the second half of 2017.

He said the market was then overheated but had come back to earth with a thud with average share prices down across most metals.

READ: Brisbane Resources Round-up hears that coal is far from being dead in the water

“We have a two-speed market with the oil & gas and coal sectors booming while uranium is picking up but most other sectors are in decline.”

Coal had been a very strong performer, Murdoch said, with average share prices up 30%.

The bulk commodities of iron ore, HMS and bauxite were doing well, he said, as were the investment companies and diversified companies, including the majors.

Overlying confidence in capital markets

Despite the difficult times, he said there was overlying confidence in capital markets in the sector.

“There have been strong capital raisings and in quarter two of 2018, $1.269 billion was raised by juniors.

“Exploration expenditure has also gone up, which is a good sign for the future.

“IPOs have struggled and the vast majority of new listings this year were now trading at less than the IPO price.”

Murdoch said although companies had been hammered there were opportunities in all sectors - battery metals, base metals, gold, energy stocks and agricultural minerals.

“I look to established commodities with good projects likely to be commercial.

“I'm also looking for an active explorer, either drilling prospective geology or one that is at the evaluation stage with studies that look economic in tier one locations.”

“More selling response”

Babarczy said, “Generally, investors are still probably over-owned and some investors who aren’t naturally akin to the sector probably still have positions that they haven’t been able to exit.

“This is why we are seeing more selling response than buying response.”

He also said that risk money has been moving out of mining and into other assets, such as medicinal cannabis stocks, which had attracted a lot of speculative money in the last 6-12 months.

“It won’t last forever and we are quite optimistic about where we are in the cycle right now,” he added.

As well as being pleased with the response of investors and companies, McDonald concluded: “I am so appreciative at the tremendous long-term support from the Queensland Government and their assistance is one of the reasons for the success of this event.”

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Fri, 19 Oct 2018 15:17:00 +1100 https://www.proactiveinvestors.com.au/companies/news/207436/brisbane-resources-round-up-informed-about-resources-sector-opportunities-207436.html
<![CDATA[Media files - Rippers and Dippers: Wealth Within's Dale Gillham on fundamental and technical analysis ]]> https://www.proactiveinvestors.com.au/companies/stocktube/10905/rippers-and-dippers-wealth-within-s-dale-gillham-on-fundamental-and-technical-analysis-10905.html Fri, 19 Oct 2018 12:01:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/10905/rippers-and-dippers-wealth-within-s-dale-gillham-on-fundamental-and-technical-analysis-10905.html <![CDATA[Media files - Bulls, Bears & Brokers: Alto Capital's Tony Locantro reveals his current top stock tips ]]> https://www.proactiveinvestors.com.au/companies/stocktube/10904/bulls-bears-brokers-alto-capital-s-tony-locantro-reveals-his-current-top-stock-tips-10904.html Fri, 19 Oct 2018 12:00:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/10904/bulls-bears-brokers-alto-capital-s-tony-locantro-reveals-his-current-top-stock-tips-10904.html <![CDATA[News - Brisbane Resources Round-up hears that coal is far from being dead in the water ]]> https://www.proactiveinvestors.com.au/companies/news/207333/brisbane-resources-round-up-hears-that-coal-is-far-from-being-dead-in-the-water-207333.html Brisbane Resources Round-up day two delegates were told Australia’s metallurgical coal sector is far from dead in the water with market strength driven by robust steel demand from China, India and Japan.

S&P Global Market Intelligence senior research analyst Richard Foy said this demand, which accounted for 70% of Australia’s metallurgical coal demand in 2017, would contribute some stability to seaborne prices.

Strong recovery

He explained in his presentation, ‘The Australian Metallurgical Coal Industry’, that after the downturn, the industry had recovered strongly despite anti-coal sentiment.

“About 60% of the world’s seaborne metallurgical coal comes out of Australia and we expect to see annual production increase from 182 million tonnes in 2018 to 195 million tonnes by 2022.

“This is due primarily to the ongoing price recovery encouraging greenfield and brownfield developments.”

The projected increase would come from brownfield developments and incoming greenfield projects.

There are 70 companies with display stands in the exhibition hall.

Average coal share prices up 30%

Austex Mining Pty Ltd executive director Rob Murdoch also spoke of the sector’s strength during an overview of the resources market.

He said average share prices of most resources sectors were down with the exception of energy, including coal, oil & gas and uranium, along with bulk commodities of iron ore, HMS and bauxite.

“We have a two-speed market with the oil & gas and coal sectors booming while uranium is picking up but the other sectors are in decline.”

Coal had been a very strong performer, Murdoch said, with average share prices up 30%.

READ: Brisbane Resources Round-up hears ‘genie is out of the bottle’ for new age commodities

S&P analyst Foy said that during the downturn declining prices caused Australian miners to focus on low-cost production.

“Higher-cost assets were suspended or shut down, capital expenditure was cut back and operations were streamlined.

"The decline in prices since 2011 forced Australia’s coal miners to make significant cost savings to preserve margins.”

Increased coal requirements

Since then, he said, growing and sustained steel demand from primary markets, alongside pollution cuts in China, had driven increased coal requirements for Australian coal products.

Earnings for Australia's metallurgical coal mines were up more than 53%.

“The recovery in prices since 2015 has also seen a concurrent increase in costs largely from rising oil prices and appreciation in the Australian dollar.”

Delegates keen to learn more about DGR Global.

READ: Brisbane Resources Round-up will showcase Australia’s resources sector

In forecasting future trends, Foy said modest cost inflation was expected at Australian metallurgical coal mines in 2018 with normalised production costs stabilising and declining by 2% from 2018 to 2022.

This was attributable to economies of scale with upcoming new operations and expansions, along with the consensus forecasts expecting the Australian dollar to weaken against the US dollar.

He said stable steel producer margins would incentivise continued growth in capital expenditure throughout the steel supply chain.

Potential risk to supply

Foy warned of a potential risk to supply with stronger thermal coal prices likely to encourage swing producers to switch metallurgical coal products to a premium thermal product.

“The challenge for Australian suppliers is to raise production in a cost-effective manner that does not oversupply the market.”

In conclusion, he said, “Looking forward, we expect costs to stabilise.

“If the prices follow the consensus forecasts for coking coal, high-cost Australian operations could come under pressure to exit the market due to negative margins in 2020.”

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Thu, 18 Oct 2018 13:37:00 +1100 https://www.proactiveinvestors.com.au/companies/news/207333/brisbane-resources-round-up-hears-that-coal-is-far-from-being-dead-in-the-water-207333.html
<![CDATA[News - Brisbane Resources Round-up hears ‘genie is out of the bottle’ for new age commodities ]]> https://www.proactiveinvestors.com.au/companies/news/207244/brisbane-resources-round-up-hears-genie-is-out-of-the-bottle-for-new-age-commodities-207244.html Brisbane Resources Round-up delegates were today told that the genie is out of the bottle as far as new age commodities, including battery metals, are concerned and these metals make a compelling investment case.

In regards to the sector, “We don’t think we are late cycle, we think we are early cycle but there will always be mini cycles as part of this process,” keynote speaker Julian Babarczy said.

Babarczy, who is Regal Funds Management’s head of Australian equities, delivered his address on the opening morning of Vertical Events’ Brisbane Resources Round-up in front of hundreds of investors.

READ: Brisbane Resources Round-up will showcase Australia’s resources sector

There are 37 mining companies making presentations over the two days at the Hilton Brisbane as well as representatives of state mining bodies and corporate investment advisers.

Babarczy’s address was titled ‘How Institutional Investors Analyse the Investment Opportunities for New Age Commodities’.

He outlined the following reasons for investing in the new age metals sector:

Demand drivers remain; Supply debate rages; Now is a good time to invest; and M&A is a likely consequence of current market conditions. Compelling growth outlook

He said what was being seen in the battery materials space, amongst a lot of negative sentiment as there was in other market sectors, was a pretty compelling growth outlook.

“With new age commodities of lithium, cobalt, graphite, high purity alumina and to a lesser extent rare earths and graphene, the demand outlook is overly compelling with annual growth rates generally between 20% and 100%.

“This demand is driven by all the factors that drive base metals but also the new age factors such as energy efficiency, battery technology, population growth and the like.

“The most relevant themes to focus on are electric vehicles (EVs), which encapsulates cobalt, lithium and graphite, and LED lighting where HPA sits,” he said.

Governments seek energy efficiency

As governments increasingly mandate new levels of energy efficiency as populations increase giving rise to social and environmental issues, Babarczy said for the first time in history more people were living in urban environments than rural ones.

A packed conference hall listens to keynote speaker Julian Babarczy.

“One of the biggest bugbears of this is pollution in emerging countries and particularly China, where various industries are being shutdown.”

EVs more efficient

He said the internal combustion engine was being seen as public enemy number one. “The efficiency of internal combustion engines in terms of energy input compared to energy output is less than 20% while the efficiency of electric motors is around 70%.”

Babarczy said regulators were seeing this as an effective way to reach emissions targets and governments were starting to respond with policies.

“The battery industry sees this as a big chance to step up and fill that void and we have seen almost a five-fold increase in the capacity to build electric batteries globally.

“China is the major driver of EV demand with demand also increasing on a global level.

Economies of scale developing

“We are starting to see economies of scale develop and battery costs are falling.

“The holy grail is less than $100 per kilowatt hour which many believe will be achieved in the next few years owing to better technology and processes,” he said.

Automobile makers are now responding to increasing consumer demand by pouring in billions of dollars into R&D.

“At the start of the journey”

The Regal Funds Management spokesman said people were trying to predict that the good run for these metals was coming to an end “but we believe we are at the start of the journey”.

“EV penetration is only around 2% and we think it can get to 80 to 100%, but not in the timeframes of most investors,” he said.

“What we see is a 10-fold increase over the next decade.

“In reality, investors need to look at the longer-term outlook as there will be a yawning gap between supply and demand by the mid-2020s.”

Growing demand for HPA

With LEDs, he said the growing use to provide energy-efficient lighting was another strong market for battery metals, particularly high purity alumina (HPA).

“While LED demand is increasing the need for HPA, there is also a growing requirement for HPA in providing more effective and safer separators in batteries.”

He said the new trend of producing HPA from kaolin deposits was changing the game as it provided for superior HPA at lower costs than the traditional aluminium source.

A number of companies are working in this space, including Altech Chemicals Ltd (ASX:ATC) in a vertically integrated capacity and FYI Resources Ltd (ASX:FYI).

The Brisbane Resources Round-up continues today.

Sentiment now “too cold”

Babarczy also provided some commentary on the state of the small cap resources sector, saying it was much harder than it was this time last year.

“Back then it was far too hot but now the pendulum has swung too far the other way and sentiment is too cold.

“Generally, investors are still probably over-owned and some investors who aren’t naturally akin to the sector probably still have positions that they haven’t been able to exit.

“This is why we are seeing more selling response than buying response.”

Risk money in other sectors

He also said that there had been a lot of risk money move into other assets, such as medicinal cannabis stocks, which had attracted a lot of the speculative money in the last 6-12 months.

“This has sucked a lot of the speculative money out of mining stocks.

“It won’t last forever and we are quite optimistic about where we are in the cycle right now,” he added.

READ: RIU Resources Investor Roadshow draws hundreds of investors seeking junior opportunities

The Brisbane Resources Round-up continues today, opening with a keynote titled ‘The Australian Metallurgical Coal Industry’ from S&P Global Market Intelligence senior research analyst Richard Foy.

Along with the 48 company presentations, there is an opportunity to network with the 70 exhibitors in the exhibition hall.

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Wed, 17 Oct 2018 14:54:00 +1100 https://www.proactiveinvestors.com.au/companies/news/207244/brisbane-resources-round-up-hears-genie-is-out-of-the-bottle-for-new-age-commodities-207244.html
<![CDATA[News - Greenland Government to profile nation’s mineral sector at Greenland Day Perth next week ]]> https://www.proactiveinvestors.com.au/companies/news/207127/greenland-government-to-profile-nations-mineral-sector-at-greenland-day-perth-next-week-207127.html Government of Greenland's new Mineral Resources Minister Erik Jensen will join officials from his government and Australian companies operating in the region for Greenland Day Perth on Wednesday next week.

Jensen, who took up the post a week ago, will give the 9am opening address at the University of Western Australia’s picturesque University Club on the Swan River, where delegates to the walk-in event.

READ: Greenland Minerals welcomes added government support for mining

One-to-one meetings will be available with government officials during the event.

Session one after Jensen’s opening will focus on the country’s geology and data available from exploration efforts.

Greenland Mineral Resources Ministry’s Julie Hollis and Anna Vass will be among the speakers and will be joined by Chris Kirkland from Australia’s Curtin University who share insights about geological processes from the Greenland geochronology database.

After first break, delegates will hear about mapping and research projects in Greenland, with Hollis and Vass joined by GEUS’ Kristine Thrane, who will speak about zinc prospectivity, and South Perth entity Tanbreez's representative Greg Barnes.

READ: Ironbark Zinc retains speculative buy rating from Patersons

A second break will lead into a third session starting in the morning where participants will hear about Greenland’s licensing and regulatory environment from MLSA’s Klaus Kuch Jensen and Qupanuk Olsen.

Australian Securities Exchange-listed Ironbark Zinc Ltd (ASX:IBG) will update delegates on its flagship Citronen Zinc-Lead Project, which is also prospective for germanium, while Greenland Minerals Ltd (ASX:GGG) will speak about its Kvanefjeld project.

Ironbark is seeking funding to build and operate Citronen which has an expected 14-year mine life for a peak annual production rate of about 200,000 tonnes of zinc metal.

Greenland Minerals’ Kvanefjeld project features 1.01 billion tonnes grading 1.1% rare earth oxides (REO) with a substantial uranium resource of 593 million pounds as well as zinc.

READ: Alba Mineral Resources to get cracking in Greenland

South Perth organisation Tanbreez will speak about its Kringlerne Rare Earth Elements Project

Perth-based Greenfields Exploration, an exploration incubator, will speak about its projects in east Greenland.

Speaking after lunch, Deputy Mineral Resources Minister Jørgen T Hammeken-Holm will open with an address on the country’s regulatory framework to be followed by PwC’s Ove Lykke Hindhede who will speak about taxation and royalty.

MLSA’s Qupanuk Olsen will then talk about Greenland’s infrastructure and service providers before a representative of Xploration Services and Ramboll speak about the industry’s service industry environment.

After the only afternoon break, Trent University’s Heather Nicol will speak about the triple bottom line affecting mining investment decisions — environmental, social and governance factors — before former Pt Capital president Mead Treadwell speaks about the country as an investment destination.

PRPI’s Dwayne Menezes will then lead a panel discussion on the Greenlandic brand and the value of its collaborative approach to mining industry value creation.

Menezes will then join Hammeken-Holm with closing remarks before a reception for delegates and the wider community at 5pm.

To view the latest program, click here. To RSVP or request a one-to-one meeting with a government official, email Dr Anna Vass at anva@nanoq.gl.

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Mon, 15 Oct 2018 19:15:00 +1100 https://www.proactiveinvestors.com.au/companies/news/207127/greenland-government-to-profile-nations-mineral-sector-at-greenland-day-perth-next-week-207127.html
<![CDATA[Media files - Bulls, Bears & Brokers: DJ Carmichael's Davide Bosio sees Fintech sector hotting up ]]> https://www.proactiveinvestors.com.au/companies/stocktube/10831/bulls-bears-brokers-dj-carmichael-s-davide-bosio-sees-fintech-sector-hotting-up-10831.html Mon, 15 Oct 2018 11:30:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/10831/bulls-bears-brokers-dj-carmichael-s-davide-bosio-sees-fintech-sector-hotting-up-10831.html <![CDATA[News - Michael Hill combats slowing sales with higher margins ]]> https://www.proactiveinvestors.com.au/companies/news/207021/michael-hill-combats-slowing-sales-with-higher-margins-207021.html Michael Hill International Ltd (ASX:MHJ) remains focused on executing its five strategic shifts to reposition the company from being a traditional retailer to a differentiated omni-channel brand.

The five strategic shifts identified are omni-channel, customer loyalty, unique branded collections, brand position, and operational excellence.

Group revenue for continuing operations declined 8.8% in the September quarter with same-store sales down by 11.0%.

Positively, gross margin lifted to 64.6% for the quarter compared to 63.1%  in the prior year.

This was a result of the strategy to strengthen and grow brand loyalty where Michael Hill collections and products are increasingly valued by consumers.

Taking lessons into the critical December quarter

Michael Hill’s CEO Phil Taylor said: “During the quarter and in line with our strategy, the group increased gross profit margin as it reduced its reliance on discount based events.

“However, on review, this shift was not adequately supported by sufficient levels of marketing and promotional activities to drive top-line sales.

“We are confident that our strategy to improve gross margin as we reduce the level of discounting and price based events, is the right strategy and will ultimately result in a brand and product that are more valued by our customers.

“While the transition is proving more challenging than expected we remain committed to the strategy and have taken many learnings from the first quarter which we are confident will drive performance in the critical December quarter.”

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Mon, 15 Oct 2018 08:43:00 +1100 https://www.proactiveinvestors.com.au/companies/news/207021/michael-hill-combats-slowing-sales-with-higher-margins-207021.html
<![CDATA[Media files - Rippers and Dippers: Wealth Within's Dale Gillham on how to construct stock portfolios ]]> https://www.proactiveinvestors.com.au/companies/stocktube/10830/rippers-and-dippers-wealth-within-s-dale-gillham-on-how-to-construct-stock-portfolios-10830.html Fri, 12 Oct 2018 10:48:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/10830/rippers-and-dippers-wealth-within-s-dale-gillham-on-how-to-construct-stock-portfolios-10830.html <![CDATA[News - Brisbane Resources Round-up will showcase Australia’s resources sector ]]> https://www.proactiveinvestors.com.au/companies/news/206737/brisbane-resources-round-up-will-showcase-australias-resources-sector-206737.html Brisbane Resources Round-up on October 17 and 18 will provide an opportunity to learn more about the Australian resources industry from companies actively involved in the sector.

Over its 18 year existence, this convention has been the catalyst for initiating new investments, placements, joint ventures, and the like, and this year will be no exception.

Presentations from 37 companies

There will be 37 mining companies making presentations over the two days at the Hilton Brisbane as well as representatives of state mining bodies and corporate investment advisers.

Vertical Events managing director Stewart McDonald said all delegates, whether they were a managing director from one of the presenting resources companies, a drilling contractor delegate or a high net worth investor, would have reason and opportunities to benefit at the convention.

Keynote from Julian Babarczy

Day one opens at 9.05am and Regal Funds Management’s head of Australian equities Julian Babarczy will then deliver a keynote address titled ‘How Institutional Investors Analyse the Investment Opportunities for New Age Commodities’.

This will be followed by the Queensland Department of Natural Resources, Mines and Energy deputy director-general Rachael Cronin presenting on ‘The Queensland Opportunity’.

Day two begins at 9am with a keynote titled ‘The Australian Metallurgical Coal Industry’ from S&P Global Market Intelligence senior research analyst Richard Foy.

READ: RIU Resources Investor Roadshow draws hundreds of investors seeking junior opportunities

Investors at last month's RIU Resources Investor Roadshow in Melbourne.

McDonald said, “The genesis of the convention came from a small group of junior explorers who in the year 2001 held a small quarterly investment forum in Brisbane with the premise to discuss resources activities in Queensland.

“Some members of this group had attended our RIU Explorers Conference in Western Australia and they asked me to consider bringing the same format to expand their forum in 2002.

Queensland government support

“From my experience, I knew to make this convention a success there had to be support from the Queensland Government Natural Resources Department and I was very fortunate that the then Queensland Premier Peter Beattie was an advocate and supporter of this concept.”

McDonald said that by the Mining 2007 Convention, the event had grown into one of the largest resources conferences on the East Coast of Australia and continued to hold this position.

Day one presenting companies

The following companies will present on day one, Wednesday, October 17:

- Aeon Metals Ltd (ASX:AML), managing director Hamish Collins - Aeris Resources Ltd (ASX:AIS) executive chairman Andre Labuschagne - Alliance Resources Limited (ASX:AGS) managing director Steve Johnston - Altech Chemicals Ltd (ASX:ATC) chief financial officer and company secretary Shane Volk - Anglo Australian Resources NL (ASX:AAR) chairman John Jones - Australian Bauxite Ltd (ASX:ABX) CEO and managing director Ian Levy - Black Cat Syndicate Ltd (ASX:BC8) managing director Gareth Solly - Cassini Resources Ltd (ASX:CZI) managing director Richard Bevan - Corazon Mining Ltd (ASX:CZN) managing director Brett Smith - DGR Global Ltd (ASX:DGR) managing director Nicholas Mather - Galena Mining Ltd (ASX:G1A) chief executive officer Alex Molyneux - Heron Resources Ltd (ASX:HRR) general manager - strategy and business development Charlie Kempson - Hillgrove Resources Limited (ASX:HGO) chief geologist/exploration manager Peter Rolley - Image Resources NL (ASX:IMA) managing director Patrick Mutz - Indiana Resources Ltd (ASX:IDA) chief executive officer Chris van Wijk - Musgrave Minerals Ltd (ASX:MGV) managing director Robert Waugh - Nusantara Resources Ltd (ASX:NUS) managing director and CEO Mike Spreadborough - Pioneer Resources Ltd (ASX:PIO) managing director David Crook - Pursuit Minerals Ltd PUR managing director Jeremy Read Presenting companies on day two - Alt Resources Ltd (ASX:ARS) exploration manager Dr Helen Degeling - Aruma Resources Ltd (ASX:AAJ) managing director Peter Schwann - Ausquest Ltd (ASX:AQD) managing director Graeme Drew - Aus Tin Mining Ltd (ASX:ANW) chief executive officer Peter Williams - Comet Resources Limited (ASX:CRL) managing director Tony Cooper - Comet Ridge Ltd (ASX:COI) managing director Tor McCaull - Gascoyne Resources Ltd (ASX:GCY) managing director Mike Dunbar - Impact Minerals Limited (ASX:IPT) managing director Mike Jones - Metallica Minerals Limited (ASX:MLM) managing director Simon Slesarewich - Middle Island Resources Ltd (ASX:MDI) managing director Rick Yeates - Pacific American Coal Ltd (ASX:PAK) general manager - investor relations Simon Klimt - PNX Metals Ltd (ASX:PNX) managing director and CEO James Fox - Resolute Mining Limited (ASX:RSG) managing director and CEO John Welborn - Silver City Minerals Ltd (ASX:SCI) chairman Bob Besley - Torque Metals Ltd managing director Ian Finch - Traprock Resources Ltd executive chairman Tony Fawdon - Troy Resources Ltd (ASX:TRY) non-executive chairman Peter Stern - Ventnor Resources Ltd (ASX:VRX) managing director Bruce Maluish

Altech Chemicals managing director Iggy Tan at a recent Vertical Events function.

Other presentations

Other day one presentations are from Geoscience Australia director Angela O’Rourke and WA Department of Mines, Industry Regulation and Safety manager- minerals geoscience Dr Trevor Beardsmore.

Also presenting on day two will be Mineral Resources Tasmania manager industry services Rob Willis, Austex Mining Pty Ltd’s executive director Rob Murdoch, CSA Global Pty Ltd’s manager-Eastern Australia & Pacific Rim Patrick Maher, Geological Survey of NSW executive director Dr Chris Yeats and Queensland Exploration Council deputy chair-petroleum Stephen Kelemen.

READ: RIU GoodOilConference acknowledges Trump effect on crude oil supply and emerging market factors

Along with the 48 presentations, there will also be an opportunity to network with the 70 exhibitors in the exhibition hall.

McDonald said the event had been purposely designed to accommodate the three main components of the resources industry - listed resources companies, services companies and the investment community – as none could survive without the others.

“I am so appreciative at the tremendous long-term support from the Queensland Government and their assistance is one of the reasons for the success of this event,” he added.

Timetable and registration details

For information about the program timetable, click here.

To register for the event, click here.

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Wed, 10 Oct 2018 16:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/206737/brisbane-resources-round-up-will-showcase-australias-resources-sector-206737.html
<![CDATA[Media files - Bulls, Bears & Brokers: Alto Capital's Tony Locantro hopes to lose housing market bet ]]> https://www.proactiveinvestors.com.au/companies/stocktube/10775/bulls-bears-brokers-alto-capital-s-tony-locantro-hopes-to-lose-housing-market-bet-10775.html Tue, 09 Oct 2018 09:58:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/10775/bulls-bears-brokers-alto-capital-s-tony-locantro-hopes-to-lose-housing-market-bet-10775.html <![CDATA[Media files - Rippers and Dippers: Wealth Within's Dale Gillham on modern portfolio theory ]]> https://www.proactiveinvestors.com.au/companies/stocktube/10744/rippers-and-dippers-wealth-within-s-dale-gillham-on-modern-portfolio-theory-10744.html Fri, 05 Oct 2018 15:00:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/10744/rippers-and-dippers-wealth-within-s-dale-gillham-on-modern-portfolio-theory-10744.html <![CDATA[Media files - Bulls, Bears & Brokers: DJ Carmichael's Davide Bosio is seeing a modern day gold rush ]]> https://www.proactiveinvestors.com.au/companies/stocktube/10651/bulls-bears-brokers-dj-carmichael-s-davide-bosio-is-seeing-a-modern-day-gold-rush-10651.html Mon, 01 Oct 2018 12:00:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/10651/bulls-bears-brokers-dj-carmichael-s-davide-bosio-is-seeing-a-modern-day-gold-rush-10651.html <![CDATA[Media files - Rippers and Dippers: Wealth Within's Dale Gillham relaxes fears surrounding 'risk' ]]> https://www.proactiveinvestors.com.au/companies/stocktube/10652/rippers-and-dippers-wealth-within-s-dale-gillham-relaxes-fears-surrounding-risk--10652.html Fri, 28 Sep 2018 15:49:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/10652/rippers-and-dippers-wealth-within-s-dale-gillham-relaxes-fears-surrounding-risk--10652.html <![CDATA[Media files - Bulls, Bears & Brokers: Alto Capital's Tony Locantro loves an underdog & knows how to pick them ]]> https://www.proactiveinvestors.com.au/companies/stocktube/10647/bulls-bears-brokers-alto-capital-s-tony-locantro-loves-an-underdog-knows-how-to-pick-them-10647.html Fri, 28 Sep 2018 13:55:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/10647/bulls-bears-brokers-alto-capital-s-tony-locantro-loves-an-underdog-knows-how-to-pick-them-10647.html <![CDATA[News - RIU Resources Investor Roadshow draws hundreds of investors seeking junior opportunities ]]> https://www.proactiveinvestors.com.au/companies/news/205825/riu-resources-investor-roadshow-draws-hundreds-of-investors-seeking-junior-opportunities-205825.html RIU Resources Investor Roadshow in Sydney and Melbourne this week has drawn up to 600 investors eager to pick up clues from 21 presenting junior resources companies amidst a mood of increasing optimism in the industry.

Echoing this optimism was State One Stockbroking executive chairman Alan Hill who said: “If you are looking at the resources sector, I think it is not a bad time now to get yourself involved in what is happening in the junior end.”

READ: RIU Resources Investor Roadshow hits Sydney and Melbourne this week

In opening the Melbourne event today Hill outlined some of the issues that had been holding the sector back and a number of the positive developments that were set to pave the way forward.

‘Life under Donald’

He explained that ‘Life under Donald’ (US President Donald Trump) was generally proving positive for resources at a global level.

“It was all doom and gloom previously but since Trump took office “US equity indexes have gone through the roof and likewise in Australia, but not to the same extent. This is a reminder of how things can change,” he said.

“Existing investors worried about the volatility of markets should sit tight and wait for better days rather than sell-off as these days will come.

“Sharpen your pencils”

“Those looking to invest for the first time or increase their investments should be sharpening up their pencils and having a really good look at things as now is the time.”

Hill said, “US debt has skyrocketed to US$21.5 trillion and keeps rising and urgent action is needed to reign this in, with Mr Trump needing to build revenue and confidence in the US Dollar.”

State One Stockbroking executive chairman Alan Hill.

He pointed out that since 1981 US debt had increased 31 times while tax revenue had only risen six times in the same period. “The US debt clock needs to start slowing down and this can happen.”

In regard to US-China trade, he said in almost every sector, the US was in deficit to China and this needed to be rectified.

With action needed in these areas, Hill said Trump was the right person “to do something about it” as he “knows what to do”.

“He has a plan while everyone else previously ran away from the problems.”

Optimistic on gold

In terms of resources the State One chairman said although gold prices had been vacillating for a couple of years and there had been volatility of late, it would not be too long before another run-up in bullion.

“The gold index feels like it has been going down of late but it hasn’t really moved much and many smaller companies are getting a little impatient with what’s going on.

“My advice there would be to sit tight and wait for better days because they will come and we believe that there are a number of gold stocks in the sector that represent good value.

“Energy is the same thing, there is definitely potential there.”

The State One chairman said iron ore was a good indicator of what should be seen in the market. “There has been a sell-off lately but it has started to recover and reclaim lost ground.

Base metals “good place to be looking”

“In my view base metals is a good place to be looking as they haven’t gone a long way. All of them are pretty much towards the lower range and with strengthening economies around the world, the future is bright.”

Hill said it was a similar story for the battery metals such as cobalt, lithium and graphite. “There is a lot of interest in this area and I believe this is for good reason.”

He concluded by saying, “Prices of commodities will start to move higher, profitable resource companies are there and starting to make money, and there is good value to be found among the juniors.”

Altech Chemicals managing director Iggy Tan meets investors.

The 21 presenting companies had good stories to tell investors and among those creating strong interest among investors at the Melbourne event were Altech Chemicals Ltd (ASX:ATC), Blackham Resources Ltd (ASX:BLK), Corazon Mining Ltd (ASX:CZN) and Alto Metals Ltd (ASX:AME).

READ: Altech Chemicals breaks ground in Malaysia as stage I high purity alumina plant work begins

Altech’s managing director Iggy Tan outlined the company’s high purity alumina (HPA) strategy centred on its kaolin project in Western Australia and its HPA plant in Malaysia, at which construction is underway.

Tan spoke of the company securing a US$120 million mezzanine debt facility term sheet and a US$60 stream finance facility term sheet for the project.

The mezzanine debt term sheet counterparty is a global investment bank with more than $400 billion in assets under management and the finance term sheet counterparty is a global alternative investment management firm with $4.5 billion under management.

Altech aims to become one of the world's leading suppliers of 99.99% HPA.

READ: Blackham Resources secures $23 million from Lind to reduce short-term debt and expand gold production

Gold producer Blackham has been in the news this week after executing an agreement with an entity managed by The Lind Partners for an investment of up to $23 million in total capital.

Managing director Bryan Dixon said that Lind’s initial $7.5 million investment would be provided as a secured convertible note with a 24-month term.

The proceeds will be used, along with Blackham’s current cash, to fully repay $13 million of short-term secured debt owed to Orion Fund JV Limited.

Dixon said that with the Orion debt repaid, Blackham would be able to re‐direct operational cash flows to expand its reserves and finalise a definitive feasibility study for the Wiluna expansion project at its Matilda-Wiluna operations in Western Australia.

READ: Corazon Mining Ltd shares priority focus with resources investors

Corazon managing director Brett Smith outlined the company’s battery metals strategy focused on the Lynn Lake Nickel-Copper-Cobalt Sulphide Project in Canada and the Mt Gilmore Cobalt-Copper-Gold Project in New South Wales.

Metallurgical test work has started on a 500-kilogram sample of mineralised material from Lynn Lake while strong drilling results have been returned from Mt Gilmore.

The company has intersected significant cobalt mineralisation with the Cobalt Ridge target having returned 5 metres at 2.14% cobalt within a broader 27 metres at 0.47% cobalt from a down-hole depth of 49 metres.

READ: Alto Metals reveals maiden gold resource at Indomitable and Vanguard Camp deposits

This week Alto Metals revealed a maiden inferred resource of 124,000 ounces of gold for its Indomitable and Vanguard Camp deposits at the Sandstone Gold Project in Western Australia.

Managing director Dermot Ryan told investors today that there is potential to double the current resource base to +500,000 gold ounces over the next 12 months.

Sandstone is in the middle of the prolific East Murchison Mineral Field which hosts a number of major deposits.

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Thu, 27 Sep 2018 16:40:00 +1000 https://www.proactiveinvestors.com.au/companies/news/205825/riu-resources-investor-roadshow-draws-hundreds-of-investors-seeking-junior-opportunities-205825.html
<![CDATA[News - ApplyDirect secures $1 million, trading recommences today ]]> https://www.proactiveinvestors.com.au/companies/news/205802/applydirect-secures-1-million-trading-recommences-today-205802.html ApplyDirect Ltd (ASX:AD1) has received commitments from investors to raise $1.02 million in a placement of 34 million shares priced at 3 cents each.

For every three shares, investors will be issued one option exercisable at 6 cents expiring three years from the date of issue.

The online recruitment company will use the proceeds of the placement will primarily be used for general working capital requirements.

Direct recruitment by employers

ApplyDirect facilitates direct recruitment by employers through its online database and search platform.

This online platform links employers and job candidates directly to live job opportunities on employer websites.

ApplyDirect aims to provide employers with fast, direct access to high-quality talent at a lower cost, with less hassle and in a way which cuts out the middleman.

Ending inefficiencies, consolidating job listings

The company aims to end the inefficiencies that exist in the market today, providing candidates and employers with a better experience.

The search engine assesses, consolidates and catalogues job listings and makes them easily available to the right candidates.

The online platform takes the stress out of looking for the right job, and brings strong talent straight to an employer’s door.

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Thu, 27 Sep 2018 08:48:00 +1000 https://www.proactiveinvestors.com.au/companies/news/205802/applydirect-secures-1-million-trading-recommences-today-205802.html
<![CDATA[News - RIU Resources Investor Roadshow hits Sydney and Melbourne this week ]]> https://www.proactiveinvestors.com.au/companies/news/205484/riu-resources-investor-roadshow-hits-sydney-and-melbourne-this-week-205484.html RIU Resources Investor Roadshow hits Sydney and Melbourne this week with a number of Australian minerals and oil & gas resources companies presenting to investors.

Around 600 investors will spend time at the RIU Roadshow in Sydney at the Intercontinental Hotel on Tuesday, September 25, or in Melbourne at the Grand Hyatt Hotel on Thursday, September 27.

Promoting activities to investors

Vertical Events business development manager Jaxon Crabb said presenting companies would use the RIU Roadshow to promote their activities to new investors and stockbrokers.

“It is just as important for listed companies to have their shareholders in the audience.”

State One Stockbroking to open roadshows

State One Stockbroking will present the opening keynote address at both events with senior investment analyst David Brennan taking centre stage in Sydney and group executive chairman Alan Hill in Melbourne.

READ: RIU GoodOilConference acknowledges Trump effect on crude oil supply and emerging market factors

Crabb said that Vertical Events initially developed the multi-city roadshow concept for its Techknow Invest Roadshow.

“It was due to the success at Techknow that we introduced it to our RIU Events in 2016.”

“Offering investment exposure”

“The concept has been highly effective at offering investment exposure across a greater diverse range of investors,” he said.

In both centres, the event kicks off at 8.30am with the opening address at 8.45am. There will be 21 companies presenting with the final session finishing at 4pm followed by a networking session.

Exhibition area

Apart from the presentations, investors will have the chance to find out further information by visiting company booths in the exhibition area.

Presenting companies

The following companies will present:

- Accelerate Resources Ltd (ASX:AX8), managing director Yaxi Zhan - Altech Chemicals Ltd (ASX:ATC), managing director Iggy Tan - Alto Metals Ltd (ASX:AME), managing director Dermot Ryan - Azure Minerals Limited (ASX:AZS), managing director Tony Rovira - BCI Minerals Ltd (ASX:BCI), chief financial officer Simon Hodge - Blackham Resources Ltd (ASX:BLK), managing director Bryan Dixon - Blackstone Minerals Ltd (ASX:BSX), managing director Scott Williamson - Breaker Resources NL (ASX:BRB), executive chairman Tom Sanders - Corazon Mining Ltd (ASX:CZN), managing director Brett Smith - Galan Lithium Ltd (ASX:GLN), managing director JP Vargas de la Vega - Genesis Minerals Ltd (ASX:GMD), managing director Michael Fowler - Image Resources NL (ASX:IMA), managing director Patrick Mutz - Leigh Creek Energy Ltd (ASX:LCK), corporate & investor relations Tony Lawry - Middle Island Resources Ltd (ASX:MDA), managing director Rick Yeates - Peel Mining Ltd (ASX:PEX), managing director Rob Tyson - Protean Energy Ltd (ASX:POW), technical director Wayne Loxton - Rox Resources Limited (ASX:RXL), managing director Ian Mulholland - Sovereign Metals Limited (ASX:SVM), managing director Julian Stephens - Talisman Mining Ltd (ASX:TLM), managing director Dan Madden - Thundelarra Ltd (ASX:THX), chief executive officer Tony Lofthouse - Venture Minerals Limited (ASX:VMS), managing director Andrew Radonjic Timetable and registration details

For information about the program timetables, click here

Vertical Events makes available free delegate passes to stockbrokers, fund managers and all investors not employed in the resources sector.

To register for the Sydney or Melbourne event, click here.

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Mon, 24 Sep 2018 11:16:00 +1000 https://www.proactiveinvestors.com.au/companies/news/205484/riu-resources-investor-roadshow-hits-sydney-and-melbourne-this-week-205484.html
<![CDATA[Media files - Bulls, Bears & Brokers: DJ Carmichael's Davide Bosio shares his weekly insights ]]> https://www.proactiveinvestors.com.au/companies/stocktube/10554/bulls-bears-brokers-dj-carmichael-s-davide-bosio-shares-his-weekly-insights-10554.html Mon, 24 Sep 2018 08:01:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/10554/bulls-bears-brokers-dj-carmichael-s-davide-bosio-shares-his-weekly-insights-10554.html <![CDATA[Media files - Bulls, Bears & Brokers: Alto Capital's Tony Locantro on conferences and market sentiment ]]> https://www.proactiveinvestors.com.au/companies/stocktube/10549/bulls-bears-brokers-alto-capital-s-tony-locantro-on-conferences-and-market-sentiment-10549.html Thu, 20 Sep 2018 22:19:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/10549/bulls-bears-brokers-alto-capital-s-tony-locantro-on-conferences-and-market-sentiment-10549.html <![CDATA[Media files - Rippers & Dippers: introducing a new weekly program with Wealth Within's Dale Gillham ]]> https://www.proactiveinvestors.com.au/companies/stocktube/10501/rippers-dippers-introducing-a-new-weekly-program-with-wealth-within-s-dale-gillham-10501.html Tue, 18 Sep 2018 15:30:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/10501/rippers-dippers-introducing-a-new-weekly-program-with-wealth-within-s-dale-gillham-10501.html <![CDATA[Media files - Bulls, Bears & Brokers: DJ Carmichael's Davide Bosio seeing lots of M&A activity ]]> https://www.proactiveinvestors.com.au/companies/stocktube/10472/bulls-bears-brokers-dj-carmichael-s-davide-bosio-seeing-lots-of-ma-activity-10472.html Mon, 17 Sep 2018 12:30:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/10472/bulls-bears-brokers-dj-carmichael-s-davide-bosio-seeing-lots-of-ma-activity-10472.html <![CDATA[News - WA Petroleum Day highlights Perth LNG hub plan ]]> https://www.proactiveinvestors.com.au/companies/news/204923/wa-petroleum-day-highlights-perth-lng-hub-plan-204923.html WA Petroleum Day took place yesterday after the RIU GoodOilConference, kicking off with welcomes from State Treasurer and Energy Minister Ben Wyatt and Department of Mines, Industry Regulation and Safety director-general David Smith.

State Treasurer Wyatt gave the opening address at the annual event which followed the annual RIU GoodOilConference, held on Wednesday and Thursday this week, at Hyatt Regency Perth.

Treasurer Wyatt spoke about the strength of the petroleum sector to the audience made up of members of industry, government and the media.

Wyatt told the audience: “If you want an example of diversity, the vast array of organisation, skills, expertise that is part of your industry is quite extraordinary, whether you be large international organisations or small one-person organisations, the way technology has moved, the skills that are required are so diverse that’s created such a vast amount of opportunity.

“It is something that I think most Western Australians perhaps don’t have an appreciation of but one that benefits every single Western Australian.”

WA Treasurer and Energy Minister Ben Wyatt.

The treasurer is energy minister for the state and manages the portfolio on behalf of end-users.

He became a member of the WA State Parliament in 2006 and is a senior member of Western Australia’s McGowan Labor Party government.

Wyatt said: “As treasurer, I have a keen interest in the success of your industry, very very keen interest, and when we have an oil price with an 8 in front of it, no doubt everyone in this room is excited as much as I am excited, not just around revenue to the state but ongoing excitement, investment, innovation in the space that you all are operating in.”

The WTI Crude oil price is currently about $68.83 and reached a memorable US$80 a barrel earlier this year.

READ: RIU GoodOilConference told to expect growth and warned price sensitivity kicks in after US$70 a barrel mark

WA Petroleum Day had followed the well-attended RIU GoodOilConference.

The treasurer delivered the opening address on behalf of Mines and Petroleum Minister Bill Johnston who was interstate for a CEDA conference with a similar message to Wyatt’s today — there’s value in setting up an operation in LNG-rich WA.

Wyatt highlighted the history of discoveries in the state, emphasizing “we have continued to make discoveries.

He said: “This year marks the 65th anniversary of Western Australia’s first oil discovery — the Rough Range well near Exmouth, drilled by the true pioneers of this state’s oil and gas industry.

The West Australian Petroleum Company’s first exploration bore, Rough Range No. 1, produced the first significant flow of oil in Australia on December 4, 1953 and attracted global attention.

Wyatt said: “While that discovery did not lead to the commercial flows of oil, it certainly precipitated the flow of just about every one of the world’s major oil and gas players to our shores, in search of hydrocarbons.

“Economic impacts from these activities are seen and well recognised.”

READ: RIU GoodOilConference told crude oil is back, with further market recovery expected

Wyatt noted offshore royalties went to the Federal Government, saying “as treasurer I do lament the fact that the fiscal rewards for the people of WA are not greater,” before highlighting the McGowan Government’s support for industry.

“Our government is committed to making even more of our natural advantages in oil and gas to establish a services hub for Australia’s vast LNG resources.”

This support extends to the establishment in March of an LNG Jobs Taskforce, with the Labor government’s aim being to create “new long-term job opportunities focused on servicing, maintaining and improving existing operations.

RIU GoodOilConference examines State’s Canning Basin

“The taskforce aims to establish Perth as an LNG hub, similar to other international energy hubs such as Aberdeen … and Houston.

“This is a multibillion-dollar-a-year opportunity for Western Australia.

“While natural gas projects, naturally, get the big headlines, oil developments quietly continue to play a strong role in our industry.”

 

Displays were a feature of both the oil-and-gas industry drawcards.

Wyatt argued gas was well placed to “play a balancing role” for the take-up of renewable energy supply sources.

He said: “I expect that in the next 20 years, our use of natural gas to generate electricity will be at least as prominent in our energy mix as it is today.

“It will have a critical role in providing flexible and dispatchable energy to help manage some of the system security challenges that are emerging with the rapid update of renewable energy sources.”

Wyatt also tipped growth for the LNG industry.

He said: “LNG will play an integral role in this new energy landscape, accounting for almost 90% of projected growth in the long-distance gas trade, indeed the number of countries importing LNG has already risen from just 15 when I was elected to parliament to 40 today.”

Department of Mines, Industry Regulation and Safety director-general David Smith spoke at WA Petroleum Day.

‘Nominate acreage’

Department of Mines, Industry Regulation and Safety director-general David Smith took the stage this morning after Wyatt, encouraging the audience to nominate acreage for release to industry.

Smith spoke about the Petroleum 2020 reform project and efforts to reduce three petroleum and pipleline Acts into one modern Act and 10 regulations to three.

He said a discussion paper on the reforms, which aim to reduce red tape and compliance costs, would be released in the near future.

“We’ve also introduced strategic five-year acreage release of the petroleum exploration areas across the Canning and Perth basins.

Buru Energy’s acreage on the Canning Basin.

“The acreage release schedules will be updated at least once a year or at when significant amounts of prospectivity data or acreage becomes available to warrant a review.

“Your industry and people in this room are encouraged to nominate specific areas for acreage release which will be considered in the year it’s nominated.”

Smith also highlighted the creation of the LNG Jobs Taskforce earlier this year to establish Perth as an LNG hub

He re-flagged members of the taskforce were drawn from government and industry, saying he expected “DMIRS would play its role in supporting this taskforce.”

Smith said: “It’s an exciting time, there’s lots happening, in the department as well.

“There is a real sense of preparing for the future and the contribution we can make.

“Western Australia as a whole is well positioned to make the most of those opportunities presented by its oil and gas resources.”

The agency head flagged the opportunities extended to project development and construction, services and maintenance, research and development, software and technology, and decommissioning.

Smith said: “The department’s ultimate role is to encourage the responsible and sustainable use of the state’s resources for the benefit of the Western Australian community.

“It will do this by being the best regulator it can be.”

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Fri, 14 Sep 2018 16:16:00 +1000 https://www.proactiveinvestors.com.au/companies/news/204923/wa-petroleum-day-highlights-perth-lng-hub-plan-204923.html
<![CDATA[Media files - Bulls, Bears & Brokers: Alto Capital's Tony Locantro brings an oil & gas sector slant ]]> https://www.proactiveinvestors.com.au/companies/stocktube/10471/bulls-bears-brokers-alto-capital-s-tony-locantro-brings-an-oil-gas-sector-slant-10471.html Fri, 14 Sep 2018 14:00:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/10471/bulls-bears-brokers-alto-capital-s-tony-locantro-brings-an-oil-gas-sector-slant-10471.html <![CDATA[News - RIU GoodOilConference examines State’s Canning Basin ]]> https://www.proactiveinvestors.com.au/companies/news/204882/riu-goodoilconference-examines-states-canning-basin-204882.html RIU GoodOilConference Perth welcomed a series of leading professionals to the stage on Thursday, playing host to Buru Energy Ltd (ASX:BRU) executive chairman Eric Streitberg and Geological Survey of Western Australia geophysicist Alex Zhan who both spoke about the state’s Canning Basin.

Buru’s chairman Streitberg took the stage with the company beginning preparations for a drilling campaign for Ungani 4 well.

The company and wellfield operator is hoping to increase the productivity of the well it holds with its 50%-partner Roc Oil (Canning) Pty Ltd.

The Roc Oil subsidiary and Buru are also 50% partners the host petroleum licence, L20.

Streitberg described the play-opening conventional Ungani oil field as a “very easy, simple system.”

Ungani is an onshore oil field in the Canning Basin, about 100 kilometres east of Broome in the Kimberly region of Western Australia.

Streitberg shared Buru was targeting 1,800 barrels of oil a day at the field and aiming to reach 3,000, with the quality of the oil being a high-quality 37 deg API.

The company’s first 1 million barrels is a milestone to be met this month.

Buru assets in northern Australia.

The Canning Basin

Ungani is one of a number of fields discovered in the onshore-and-offshore basin, as highlighted after lunch by Department of Mines, Industry Regulation and Safety senior geophysicist Alex Zhan of the state’s Geological Survey of Western Australian.

Khan highlighted the government’s efforts to increase the quality of information held on the largely-onshore basin that extends from the coast into the northeast of Australia.

Zhan flagged about 300 wells had been historically drilled to produce largely 2D seismic information.

The WA government has completed and published an airborne gravity of the Canning Basin.

Buru sourced its own 3D data, acquiring a Falcon AGG survey of about 38,800 square kilometres of the basin.

READ: RIU GoodOilConference acknowledges Trump effect on crude oil supply and emerging market factors

The Falcon data took in the southwest margin of Fitzroy Trough and Gregory Sub-basin.

Geological Survey geophysicist Zhan acknowledged: “Over the last 30 years, several oil fields have been discovered, including Ungani, Blina, Sudown, Boundary and West Terra

There are “approximately 300 wells in an area as big as Perth.”

“It is very much unexplored, with huge potential, and as a government agency we increase the (geo)-coverage and enhance the geological understanding.”

The agency completed and released its own airborne gravity survey.

Zhan said: “The new data has lots of information compared to the old ground survey.”

“With this data, we will be able to avoid erroneous interpretation and capture the real geography.”

An aerial view of Buru's operation.

Buru welcomes new players to basin

Buru executive chairman Streitberg noted the producer had been alone in the Canning Basin for a long time but welcomed new companies to the basin.

Streitberg said: “Very recently we’d begun to share the basin with a number of other people coming in, Finder, focused on unconventional oil on the Broome platform and the Squadron Offshore Group, which is backed by Mindaroo, the Andrew Forrest’s company, and put a big footprint on the basin outside the Fitzroy trough.

“That’s been a great outcome for us because there’s no operators on the basin, we’re starting to have a bit more synergy and activity.”

Buru views the basin as having high prospectivity.

The company’s operating costs at Ungani are about $30-35 a barrel.

Streitberg said: “It’s not a complicated oilfield to produce.”

The company started sidetracking the partly-owned Ungani 4 well this month, issuing its a weekly drilling update report to the market on Wednesday.

Buru hopes to improve the productivity of the well with its latest operations which are expected to take about 20 days.

READ: RIU GoodOilConference told to target $100-200 million market cap to attract fund interest

Streitberg noted comments from Argonaut Limited research director Michael Eidne who flagged funds were looking to invest in companies with a market capitalisation of greater than about $100 million.

Buru’s Streitberg said: “Investors are looking for companies that have (key) criteria and also with a market cap of over $100 million, well, of course, we’ve just (been) over a $100 million.

“Interestingly enough, we will have close to $70 million cash when our current deal closes shortly which values the rest of the assets we have, including the producing oilfield at $30 million, so there’s plenty of upside in there, particularly with the exploration program.”

READ: RIU GoodOilConference Perth attracts oil and gas plays on the hunt for juniors

“We’re about to start our drilling program again. We’re all very focused on making this company a success.

“It’s a nice tight little company.”

Buru also has unconventional projects in its portfolio, with Streitberg noting the tabling of a report into fracking in state parliament.

If the State Government opts to back fracking, it could change the prospects of a number of listed companies.

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Thu, 13 Sep 2018 20:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/204882/riu-goodoilconference-examines-states-canning-basin-204882.html
<![CDATA[News - RIU GoodOilConference notes build-own-operate planning trend then examines senior debt options ]]> https://www.proactiveinvestors.com.au/companies/news/204800/riu-goodoilconference-notes-build-own-operate-planning-trend-then-examines-senior-debt-options-204800.html RIU GoodOilConference Perth has been told by Westpac Banking Corp’s (ASX:WBC) (NZE:WBC) (FRA:WBC) (NYSE:WBK) energy and resources director Mark Beeley there has been a continuing trend over the past 24 months for projects to be built, owned and operated by the same parties.

While acknowledging the approach’s benefits, the Westpac Institutional Bank director profiled Senior debt in his Financing Considerations opening address as another option for companies to explore.

READ: RIU GoodOilConference acknowledges Trump effect on crude oil supply and emerging market factors

Upstream Production Solutions technical general manager Neil Clegg followed later in the morning with a projects focus during a talk titled Flexible Operations Models for today.

Clegg acknowledged people needed to decide whether to operate an asset themselves and stressed there was no right or wrong answer.

Financing considerations

Beeley noted the comments of his colleague, Senior economist Justin Smirk yesterday, who highlighted the current state of the economy in a talk titled Trump, China & Electric Cars, What is Next for Oil & Gas.

Smirk told GoodOil delegates: “The general economy is undoubtedly in a better place.

“The global economy is creating greater demand, so the demand profile is better than people anticipated.

Adding to the momentum, Beeley said today: “We believe it is a good time to be dusting things off and getting on with growing your companies.”

READ: RIU GoodOilConference told crude oil is back, with further market recovery expected

Learning more about FAR Ltd's West African strategy at the company’s booth.

The Westpac director told this morning’s crowd the builder-operator-owner (BOO) model was great but it should be used with care.

He noted the BOO financing model had been a trend he had noted over the past 24 months and it was continuing.

Beeley said: “When you’re a small company and you’re offered this all-in solution, one of the quirks that our team and people have come to me to describe wanting to do this financing option is that the people that provide the main (finance) want a guarantee from your financiers for them supporting the obligations you’re going to be taking on.”

The guarantee means a company’s bank must become involved in project funding despite the company not taking it on its balance sheet.

“The BOO model, I think, is great when you can do it and for the right circumstances but use it carefully.

“Lots of people will come and operate it as a solution, what you need to think about is, ‘Is this critical infrastructure, is it my core business, should we be in the long-term holding this asset?’

READ: RIU GoodOilConference Perth attracts oil and gas plays on the hunt for juniors

Beeley highlighted one of the benefits of the BOO model for contracting businesses – not having to bid on each stage of project development.

“BOO really developed for funding of government infrastructure as a model and quasi-user infrastructure in general and it’s really good when it’s a specialist non-core use of infrastructure but, therefore, it’s not something that’s really part of the strategy for why and what the company stands for.

Beeley highlighted the model’s hidden costs, reminding the audience of external BOO parties’ push for company guarantees.

He touched on the “obvious benefits” of the engineering, procurement and construction (EPC) model such as retention of control, the benefits of equity as “the best starting point” and convertible notes.

“Just simply, I hate convertibles,” he said.

Tongue-in-cheek, Beeley said: “I think for most people who have put together a convertible, the honeymoon period for a convertible note for funding is probably about 20 minutes. After about 20 minutes, you’re just looking to see how you can get out of a convertible.”

Looking at some of the technology on show at RIU GoodOilConference.

He acknowledged a benefit of convertible notes over equity, saying, “They are less expensive than pure equity and they are bit more complex but in terms of timing … they can be done a bit more quickly.”

Beeley also gave high-yield debt a look-in.

“Another theme in the market is high-yield debt and I don’t mind high-yield debt, if execution-and-timing is your thing and you’re willing to pay for it – and you do pay for it – then high-yield debt is quite a powerful solution.

“It’s relatively unstructured but leeway is not so good. High-yield notes are not that flexible ... and in terms of execution risks, that can be something that catches you out.”

The Westpac director highlighted the comparative benefits of the institutional bank’s “core business” of senior debt.

Senior debt can be corporate or project-based in nature, with Beeley noting companies taking the project route sometimes made a change to corporate-based senior debt to improve flexibility.

He said: “Nearly every customer conversation I have ever had started with someone wanting corporate debt rather than project facilitation and that just has resulted from wanting that flexibility.

“You want to be able to leverage (and) any new development, the project just has that ability.”

READ: RIU GoodOilConference Perth and WA Petroleum Day to put oil and gas players centre stage

The South Ballroom and foyer is hosting displays and company stands.

Project finance can also be attracted for single-assets or multi-asset projects.

Beeley asked and answered: “Why do people want corporate facilities, again because of that flexibility …. and I respect that.’

The Westpac director noted a trend in projects from a linear focus from asking “Can we do this?” before the question “Should we do this”, to looking at both factors together, with a strong focus on relationships.

“When you go to a bank, we do finance gold, we do finance oil and gas, we do finance all these fossil fuels, we do plan new developments but clear principles and what they really mean are really important to us, so that’s our why, and it’s very important to have that conversation.

“What do we do about it, well that’s where it’s all about relationships, so let’s start talking and that’s really the advert part of this.

“If you do want to be getting your projects done, seamlessly, quickly and transforming your companies as you all said you were going to do, then you need to be forming banking relationships early.”

Flexible operations models

Upstream Production Solutions’ Neil Clegg spoke about flexible operations models for today and the future.

The technical general manager mooted a number of definitions of flexibility then gave a picture of the various operations models on a continuum.

He said: “If you imagine on the lefthand side over there, you’ve got an operating model where the owner is actually doing all the operations and maintenance themselves.

“On the righthand side, you contract out that part of your business.

“There’s a slight complication on that, if you lease it, you just bring in a third person, you actually own the facility.”

Clegg said: “Where you sit on that continuum is actually the same question for everybody but the answer is always different.

“It depends on what you want to do with your asset, do you want to do it yourselves, or do you think you’re actually better at managing your business and leave these operations with someone else and manage them as a contractor.”

Upstream’s manager flew the equivalent of a Swiss flag, “There’s no right or wrong answer in this place but when you think about ‘How am I going to manage my asset’, it’s a similar story.”

Right size is important

Clegg argued it was about running your organisation at a suitable size to deliver efficiency.

“You need that right-sized organisation for that base level of work.

“You are really looking for, ‘What is the right size for my organisation.’

“Anything goes can be factored into the system.”

He highlighted some workers could perform integrated roles and multiskill.

Eventually, the organisation must ask when it should bring on more people and how.

Clegg said: “If you need help, where are you going to go get it from.

“That’s what I really wanted to talk about, what are those enablers to being flexible.

“We can be more flexible and efficient.”

Common safety standards, such as in Queensland where there is a Safer Together program for multiples projects was one way. Another was national standards and flexible working practices.

Clegg said: “How we treat people will dictate whether they come back. There’s a lot around sharing and duplication, none of this is rocket science.

“When you think about moving forward in the future, how could you take some of these principles and make them work.” 

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Thu, 13 Sep 2018 16:41:00 +1000 https://www.proactiveinvestors.com.au/companies/news/204800/riu-goodoilconference-notes-build-own-operate-planning-trend-then-examines-senior-debt-options-204800.html
<![CDATA[News - Lithium demand surges along with growth in electric vehicle market ]]> https://www.proactiveinvestors.com.au/companies/news/204780/lithium-demand-surges-along-with-growth-in-electric-vehicle-market-204780.html Electric vehicles (EVs) represent the future of global transportation with demand expected to grow at an annual rate of 15.6% over the next five years, presenting opportunities for lithium producers.

Data and analytics company GlobalData forecasts that demand for lithium, a key ingredient in lithium-ion batteries used in EVs, will more than double from 26,700 tonnes in 2018 to 58,300 tonnes in 2022.

Tesla leading the way

Most vehicle manufacturers are advancing along the path of EV production with specialist Tesla Inc (NASDAQ:TSLA) leading the way.

GlobalData says the CAGR of 15.6% is being driven primarily by the growing popularity of EVs across countries in the Asia-Pacific (APAC) and Europe.

It further reveals that China will lead the global EV market with more than 50% share and grow three times as fast as the US over the next five years.

In 2017, 1.1 million new EVs were sold globally, of which China accounted for more than 50%, followed by the US with 17.3%.

In Europe, Norway accounted for 5.4% of global sales, followed by Germany with 4.8% and the UK with 4.1%.

Increased lithium consumption

The demand will result in increased consumption of lithium and support investment in mine expansions across Chile and Australia as well as new mine development in Chile, Australia, Argentina and North America.

A number of ASX-listed companies are active in this space, including Lithium Australia NL (ASX:LIT), European Lithium Ltd (ASX:EUR), Piedmont Lithium Ltd (ASX:PLL), Anson Resources Ltd (ASX:ASN) and Argosy Minerals Limited (ASX:AGY).

Others include Neometals Ltd (ASX:NMT), Core Exploration Ltd (ASX:CXO), Galan Lithium Ltd (ASX:GLN), Latin Resources Ltd (ASX:LSR) and Sayona Mining Ltd (ASX:SYA).

EV use encouraged

GlobalData’s senior mining analyst Vinneth Bajaj said, “Several national governments are encouraging the adaption of EVs by providing various tax incentives and subsidies to the manufacturers and end users.

“Additionally, efforts to reduce greenhouse gas emissions have led to much technological advancement in EVs and made them a viable and safe alternative to traditional vehicles.”

Over the next five years, global EV sales are expected to increase to more than 3-million vehicles, primarily driven by APAC and Europe.

EV sales in the US, Norway, Germany and Japan are expected to grow at CAGRs of 9.2%, 7%, 8.2% and 8.2% to reach 380,000, 107,000, 100,000, and 99,000 vehicles, respectively, in 2022.

Largest increase in China

These numbers include battery electric vehicles (BEV) and plug-in hybrid electric vehicles (PHEV).

Bajaj said, “The largest increase will be in China, which is expected to boost its EV sales from 579,000 in 2017 to 1.5 million by 2022.

“Current government policies and subsidies are making China a lucrative market for industry investments due to which the country’s EV market is poised to grow three times as fast as the US during the outlook period.”

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Thu, 13 Sep 2018 10:22:00 +1000 https://www.proactiveinvestors.com.au/companies/news/204780/lithium-demand-surges-along-with-growth-in-electric-vehicle-market-204780.html
<![CDATA[News - RIU GoodOilConference acknowledges Trump effect on crude oil supply and emerging market factors ]]> https://www.proactiveinvestors.com.au/companies/news/204778/riu-goodoilconference-acknowledges-trump-effect-on-crude-oil-supply-and-emerging-market-factors-204778.html RIU GoodOilConference Perth has been told by Westpac Banking Corp’s (ASX:WBC) (NZE:WBC) (FRA:WBC) (NYSE:WBK) senior economist Justin Smirk to expect accelerated growth but be aware price reactivity kicks in once crude oil costs more than US$70 a barrel.

The crude oil price is currently hovering at the price mark after hitting US$80 a barrel earlier this year.

READ: RIU GoodOilConference told crude oil is back, with further market recovery expected

Smirk spoke to Proactive Investors after his presentation at RIU GoodOil, saying the price sensitivity kicked in more at the US$75 a barrel mark.

He told GoodOil delegates to expect accelerated growth but to be careful of where the growth was coming from.

Smirk said: “The general economy is undoubtedly in a better place.”

Elaborating on the effect of the upturn for oil and gas in an interview yesterday afternoon, Smirk said: “The global economy is creating greater demand, so the demand profile is better than people anticipated.

“We’ve got an environment where people are talking about trade wars and all this uncertainty and normally that would be a negative but given the fact that we’ve got this underlying, strong ongoing growth and demand, it’s basically kept that demand cycle there.”

 

Smirk’s drawcard address, titled Trump, China & Electric Vehicles, What is Next for Oil and Gas, also touched on US President Donald Trump’s push to roll back restrictions on releasing methane.

This week the governor of the US state of California, Jerry Brown, told an international climate change conference the Trump-led move was “insane”.

Smirk took an economic perspective of the mooted change, pointing to the effect a decrease in restrictions would have on costs and therefore supply.

He told GoodOil delegates: “US production has met our targets … output has lifted – prices remain high, US production would carry on further and then anything that reduces costs, the costs of having to do something with methane rather than square it off, helps.”

US President Donald Trump’s is sworn into leadership after campaigning on a Make America Great Again agenda.

Smirk confirmed he expected higher US interest rates rather and a stronger US dollar would be factors going forward.

He told Proactive Investors he is expecting growth out of the non-Organisation for Economic Co-operation and Development (non-OECD) countries in the next five years, especially the non-Organisation of Petroleum Exporting Countries nations, and India.

He said reasons for energy demand growth in India included a growing economy, increasing wealth and the subsequent growth of the middle class and upped use of cars.

The Westpac senior economist said in comparison he was expecting limited growth in OECD countries and a maturation of the Chinese market.

READ: RIU GoodOilConference Perth attracts oil and gas plays on the hunt for juniors

Smirk said: “We do have a forecast profile of where oil prices are to ease through 2019 and that’s on the backdrop of increasing supply coming out of particularly the US, and that is happening.

“The recent events of the Trump administration trying to pull all the regulations off the oil and gas industry is going to help that story, so I think it’s pretty easy to set reasonable growth targets for US oil supply and they’re pretty achievable.

“At these kind of levels, oil producers in the US are finding it easy to forward-sell and get cash to start tapping the wealth that they have drilled but not captured, so that’s giving them some easy access.

“So to think that US supply will continue to grow over the next year, it’s a pretty easy (prediction) to make.”

 

Conference displays are proving popular at Hyatt Regency Perth.

Smirk put a caveat on his comments, saying Westpac was “still seeing stronger growth in demand coming out of China and the developing world than perhaps we had anticipated, so that’s still a good news story there.

“We’re also seeing there’s still a lot of uncertainty about OPEC supply … particularly around Venezuela and Angola, so that’s a negative.

“Also, the Saudi Arabians keep on putting off their float of their oil companies … the trend is for them to stick to their targets and hold oil prices ultimately high before they go into (IPO).”

READ: RIU GoodOilConference Perth and WA Petroleum Day to put oil and gas players centre stage

Supply might be tighter than expected.

“Even given increasing US supply, it’s likely that there is an error around our thinking that supply will be tighter rather than looser, than what we’ve been thinking, so that’s a positive.

“The demand side would be rather robust, I would argue, and then you would overlay our discussion on international marine organisation, their move towards low fossil fuels, that potentially is a positive demand shock for low-sulphur crude – WTI crude.

“If I was going to have a balance of risks around the view, I would say that our forecast is that there’s upside rather than downside.

“If anything, there’ll be a positive side to the upside, there’ll be a positive story lurking out there.”

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Thu, 13 Sep 2018 09:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/204778/riu-goodoilconference-acknowledges-trump-effect-on-crude-oil-supply-and-emerging-market-factors-204778.html
<![CDATA[News - RIU GoodOilConference Perth to open with financing perspective from Westpac’s Mark Beeley ]]> https://www.proactiveinvestors.com.au/companies/news/204610/riu-goodoilconference-perth-to-open-with-financing-perspective-from-westpacs-mark-beeley-204610.html RIU GoodOilConference Perth will deliver more good oil for the industry during day two of the event, as Westpac Banking Corp’s (ASX:WBC) (NZE:WBC) (FRA:WBC) (NYSE:WBK) Westpac Institutional Bank energy and resources director Mark Beeley opens with a talk on Financing Considerations.

Beeley will speak at 8.30am at Hyatt Regency Perth and continue an institutional bank theme started by his colleague economics director Justin Smirk yesterday who future-gazed at an industry outlook session yesterday titled Trump, China, & Electric Vehicles. What is Next for Oil & Gas?

Early morning session

Beeley will be followed by Invictus Energy Ltd (ASX:IVZ) managing director Scott Macmillan at 8.45am, Finder Exploration Pty Ltd commercial advisor Damon Neaves at 9am, Cue Energy Resources Ltd (ASX:CUE) CEO Matthew Boyall at 9.15am, Norwest Energy NL (ASX:NEW) managing director and CEO Shelley Robertson at 9.30am, Metgasco Ltd (ASX:MEL) executive director Ken Aitken at 9.45am and FAR Limited (ASX:FAR) managing director Cath Norman at 10am.

A map for FAR's Samo-1.

READ: FAR Ltd granted government approval for PETRONAS farm-out in blocks A2 and A5, The Gambia

FAR was granted a government approval for its farm-out of blocks A2 and A5 to coventurer PETRONAS in The Gambia.

In exchange for a 40% stake, Malaysian oil industry major PETRONAS will fund 80% of exploration well costs of Samo-1 well up to a US$45 million cap.

FAR’s managing director Cath Norman said two weeks ago, “By securing the approval of the Gambian Ministry of Petroleum and Energy, FAR has achieved another milestone towards its objective of drilling the substantial oil resource potential of the highly prospective blocks A2 and A5 in The Gambia.”

The partners are expected to drill the first exploration well in the small West African country since 1979.

GoodOil delegates will break for morning tea at 10.15am.

Delegates will converge at Hyatt Regency Perth for a second day.

Late morning session

GoodOil’s late morning session today will open with an address from Upstream Production Solutions technical general manager Neil Clegg at 10.45am who will speak on Flexible Operations Models for Today.

Clegg will be followed by Strata-X Energy Ltd (ASX:SXA) CEO Tim Hoops at 11am, Leigh Creek Energy Ltd (ASX:LCK) corporate and investor relations Tony Lawry at 11.15am, Cooper Energy Ltd (ASX:COE) managing director David Maxwell at 11.30am and Oilex Ltd (ASX:OEX) managing director Joe Salomon 11.45am.

READ: RIU GoodOilConference Perth attracts oil and gas plays on the hunt for juniors

Elixir Petroleum Ltd (ASX:EXR) managing director Dougal Ferguson will give an address at noon before Geoscience Australia onshore energy systems geochemist Amber Jarrett delivers a presentation at 12.15pm on Exploring for the Future — Petroleum Geochemistry of Northern Australia before delegates pause for lunch at 12.30pm.

The conference program is available online.

Early afternoon session

WA Department of Mines, Industry Regulation and Safety senior geophysicist Alex Zhan, from the Geological Survey of WA, will open the post-lunch session, profiling the department’s Geophysical Projects in the Canning Basin of Australia.

Bass Oil Ltd (ASX:BAS) managing director Tino Guglielmo will then speak at 1.50pm before Sacgasco Ltd (ASX:SGC) managing director Gary Jeffery gives a presentation at 2.05pm, Triangle Energy (Global) Ltd (ASX:TEG) director Darren Bromley talks at 2.20pm, Icon Energy Ltd (ASX:ICN) managing director Raymond James speaks at 2.35pm, Armour Energy Ltd (ASX:AJQ) CEO Roger Cressey presents at 2.50pm and Buru Energy Ltd (ASX:BRU) executive chairman Eric Streitberg gives an address at 3.05pm before the 3.20pm afternoon tea break.

READ: Buru Energy production at Ungani Oilfield nears 1 million barrels, Trafigura lifts another 51,962 barrels

Buru’s production level at Ungani Oilfield in WA is approaching 1 million barrels, with the number of barrels of oil lifted from Trafigura increasing by 51,962 barrels gross.

Buru’s share of the increase was 25,981 barrels.

The WA government approved Roc Oil Company Limited farm-in to a 50% stake in three Canning Basin exploration projects three weeks ago.

Ungani field is located onshore in Canning Basin about 100 kilometres east of Broome in the Kimberly region.

 

Presentors are delivering their talks in the Hyatt's North Ballroom.

Late afternoon session

NHC subsidiary Bridgeport Energy Ltd CEO Chris Way will give the first presentation following afternoon tea, speaking at 3.50pm.

Way will be followed by Santos Ltd (ASX:STO) (OTCMKTS:SSLZY) conventional oil and gas executive vice-president Bruce Clement at 4.05pm who is outlining up the company’s story in a 4.05pm talk titled How Transformation to Lowest Cost Operator Helps Deliver Growth: The Santos Story.

READ: RIU GoodOilConference Perth and WA Petroleum Day to put oil and gas players centre stage

Key Petroleum Ltd (ASX:KEY) managing director Kane Marshall will then take the stage at 4.25pm before Red Sky Energy Ltd (ASX:ROG) managing director Andrew Knox at 4.40pm and Vintage Energy Ltd (ASX:VEN) operations executive Michael Dodd at 4.55pm.

Murphy Australia Oil (NYSE:MUR) exploration manager Paul Carroll will then give the closing address at 5.10pm on Thursday.

The conference will finish at 5.30pm and be followed by WA Petroleum Day at the same venue the next day.

To view the GoodOil Thursday program or register for the conference, visit the RIU GoodOilConference website.

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Wed, 12 Sep 2018 18:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/204610/riu-goodoilconference-perth-to-open-with-financing-perspective-from-westpacs-mark-beeley-204610.html
<![CDATA[News - RIU GoodOilConference told crude oil is back, with further market recovery expected ]]> https://www.proactiveinvestors.com.au/companies/news/204701/riu-goodoilconference-told-crude-oil-is-back-with-further-market-recovery-expected-204701.html RIU GoodOilConference Perth speaker Argonaut Limited research director Michael Eidne says the oil and gas industry is re-entering a period of growth and encourages investors to jump in at this stage of the economic cycle.

Eidne also spoke directly to junior companies, encouraging them to pursue a market capitalisation of at least $100 million so they would attract the attention of Australian institutions and their investment dollars.

The conference is being held at Hyatt Regency Perth until tomorrow.

The research director, who held a similar role at DJ Carmichael, said crude oil was back and it would be a long time before renewable energy sources disrupted convention energy sources.

Eidne said: “With my apologies to Mark Twain, the death of crude oil has been greatly exaggerated.

“This is a popular view from the media and certain sections of society, but make no mistake, renewable energies are important … but the growth in energy demand will support demand for hydrocarbons and renewable, there is enough room at the table for all fields.”

Eidne described oil and gas as an exciting industry.

He said: “It’s an industry that brings together engineering, geology and finance, and it’s a great pleasure to be part of that industry.”

READ: RIU GoodOilConference Perth attracts oil and gas plays on the hunt for juniors

Eidne’s address this morning covered supply-side and demand-side factors, financial markets and opportunities for investors.

Argonaut’s research director gave a background to the changing energy mix since the 1850s.

Looking to the present day, Eidne argued “energy is essential for the modern way of life.”

“Hydrocarbons are still the primary source of energy in our world and will remain so for some time.

“Coal has dropped off but it’s starting to rise again, the use of oil is growing very strongly and gas is still growing incredibly strongly and I think we can still see that in LNG markets, and LNG prices have increased in imports into China.

“Nuclear (power) is flat, hydro has grown – but remember hydro is constrained by geographical factors – and renewables have made a strong influx but it’s going to be a long time before they can disrupt (conventional sources).”

READ: RIU GoodOilConference Perth and WA Petroleum Day to put oil and gas players centre stage

Eidne said the increase in prices was “basic economics”.

This year the crude oil price hit US$80 a barrel for the first time in four years. WTI crude has been hovering around the US$70 mark.

Eidne said: “Supply has fallen and demand has stayed strong and has increased oil prices, which is a good thing for those of us that are industry, not so good if you’re driving a car.

“Fuel (will be) petrol and diesel for some time.”

Eidne forecast a period of growth.

“The contraction in supply has been largely due to OPEC production cuts, there’s also been turmoil in Venezuela and more recently in Libya.

“It’s also getting harder for the older players to turn on the taps in the conventional field … those fields are tired and that is going to continue to constrain the supply side.”

The GoodOilConference also includes company display stands.

Argonaut’s investment director stressed the importance of investment in the sector.

Eidne said: “Investment is key.

“Upstream investment (was) growing very, very strongly until the crash in prices and we’ve got a 44% drop, and now we’re really going through a period of growth in investment capital expenditure.”

The research specialist compared the current growth rate of 6% to the 12% experienced previously.

Eidne predicted: “Investment in supply is still going to be constrained going forward.

“(Argonaut is) also thinking a lot of this growth is going to come from Tier 1 countries in places like North America … there are some larger projects that have been reasonably sanctioned but it’s going to be a long time before the frontier markets make a return to the oil and gas space.”

Eidne pointed to a cost curve to explain the importance of timing an investment in oil and gas.

He highlighted costs follow prices with an 18-month lag, as “rent seekers” such as governments jumping in at times of high prices in an effort to grab a share of the profits.

Eidne noted that for a while after the last crash it took some time for prices to come down, but now they were lower it presented an investment opportunity.

Eidne said: “As an investor, you don’t want to invest at the top of the cost curve … you want to stay to the left.”

The research director asked the question, how can an investor benefit from the economic factors he outlined.

Eidne said: “The best time to invest in an oil project or oil companies is in a rising market, in a stable market or a stable market because you have a reasonable … margin.

“Demand is going to remain robust and supply is going to be constrained, and this is going to (affect) oil prices.”

The North Ballroom is playing host to presentations.

Eidne acknowledged companies with small market capitalisations had the capacity to grow at greater rates than the market.

He argued there were not a lot of places to go on the ASX for investors wanting to put their money into energy companies, especially the smaller ones.

Eidne said: “There’s been a lot of focus on small-cap stocks of late, and the returns for investors here have been really good.”

He highlighted the creation of a number of small and micro-cap funds in the investment space over the past few years which are attracting capital for projects.

Eidne said: “The size they are looking for is 59 to 200 million, 100 million to 2 billion dollars.

“Where they invest, there’s not much choice.”

Sino Gas’s last day of trading on the ASX is expected to be today.

He noted Beach Energy Ltd’s (ASX:BPT) (FRA:BPS) (OTCMKTS:BEPTF) transformation from an $800 million company to a $4 billion player and Sino Gas & Energy Holdings Limited’s (ASX:SHE) (FRA:7SE) disappearance this week from the ASX.

Today is expected to be its last trading day after the Federal Court yesterday approved a scheme of arrangement from Sino Gas’ buyer Lone Star Fund X Acquisitions, LLC.

AWE Limited was another energy company that made an earlier disappearance from the Australian market after accepting Mitsu’s $602 million takeover offer in February after a bidding war.

Eidne said: “Managers still have to allocate to this sector, because if they don’t … they risk underperformance, and this presents opportunities, especially for the companies in the room.

“If you can grow your business, especially above that $200 million mark, you will attract the attention of investors.” 

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Wed, 12 Sep 2018 16:18:00 +1000 https://www.proactiveinvestors.com.au/companies/news/204701/riu-goodoilconference-told-crude-oil-is-back-with-further-market-recovery-expected-204701.html
<![CDATA[News - RIU GoodOilConference Perth attracts oil and gas plays on the hunt for juniors ]]> https://www.proactiveinvestors.com.au/companies/news/204578/riu-goodoilconference-perth-attracts-oil-and-gas-plays-on-the-hunt-for-juniors-204578.html RIU GoodOilConference Perth kicks off tomorrow morning in East Perth, with a number of large and medium-sized companies attending to see what junior companies will be up to in the coming year.

Vertical Events managing director Stewart McDonald told Proactive Investors this year’s GoodOil was 20% bigger than the event had been for the past few years, reflecting the state of the industry.

McDonald said: “There’s a bit more interest in oil and gas, especially onshore. There’s been a couple of success wells, so that helps the mood of the junior industry, that they feel like there’s a chance.

“We’re also seeing that the mid-sized companies and the big companies are attending because they want to have a look at what the little companies are doing — they’re all cheap at the moment and if they find a company that they like, who knows, there could be some mergers and acquisitions in the pipeline.

“There’s a little bit more interest than there was for the past couple of years and that is reflected in the share prices of some the companies.”

Wednesday morning early session

Argonaut research director Michael Eidne will deliver the low-down on the current state of the industry in his opening address.

Eidne will take the stage at Hyatt Regency Perth hotel at 8.40am after an introduction from Vertical Events resources manager Doug Bowie.

READ: RIU GoodOilConference Perth and WA Petroleum Day to put oil and gas players centre stage

Central Petroleum Ltd (ASX:CTP) acting chief executive officer Leon Devaney will speak at 9am to deliver the first company presentation of the day before the John Doran Award is announced at 9.20am.

Among the industry players presenting on Wednesday morning are Hazer Group Ltd’s (ASX:HZR) chief technical officer Dr Andrew Cornejo at 9.45am and Whitebark Energy Ltd (ASX:WBE) managing director David Messina at 10am.

READ: Hazer Group to move pilot plant to Mineral Resources site

Hazer’s Cornejo spoke to Proactive Investors’ Stocktube video channel two weeks ago, telling anchor Danielle Doporto the company’s recent highlights included pilot plant testing with results beating production targets by 300%.

 

Late morning session

After morning tea Westpac Banking Corp’s (ASX:WBC) (NZE:WBC) (FRA:WBC) (NYSE:WBK) Westpac Institutional Bank economics director Justin Smirk will continue perspectives on the future of the buoyant industry with a session titled Trump, China, & Electric Vehicles. What is Next for Oil & Gas? at 10.50am.

Pancontinental Oil & Gas NL (ASX:PCL) executive director and CEO John Begg will speak at 11.10am, followed by Winchester Energy Ltd (ASX:WEL) managing director Neville Henry at 11.25am, Melbana Energy Ltd (ASX:MAY) CEO Robert Zammit at 11.40am and Comet Ridge Ltd (ASX:COI) managing director Tor McCaul at 11.55am.

Coal seam and sandstone gas company Comet Ridge’s McCaul spoke to Stocktube last Thursday at the inaugural ASX Small and Mid-Cap Conference at Sydney’s Darling Harbour, acknowledging the company had more time for an investment decision at Mahalo project in Queensland’s Southern Bowen Basin and highlighting a well at the site had exceeded expectations.

READ: Comet Ridge adds time on Mahalo final investment decision

The Queensland Government’s state-owned Stanwell Corporation Limited moved the final investment decision for Mahalo block to September 30, 2019, and may negotiate a gas buyer’s agreement by July 15, 2019.

Comet Ridge is managing the exploration project for a joint venture it holds with Santos (ASX:STO) (OTCMKTS:SSLZY) and major player venture APLNG — a marry-up of Origin Energy Ltd (ASX:ORG) (FRA:ORL) (OTCMKTS:OGFGF) (OTCMKTS:OGFGY), ConocoPhillips (NYSE:COP) and Sinopec (NYSE:SNP) (HKG:0386) (SHA:600028) (NYSE:SHI).

 

Early afternoon presentations

Lion Energy Ltd (ASX:LIO) executive chairman Tom Soulsby will speak at 12.10pm on Wednesday while Carnarvon Petroleum Ltd (ASX:CVN) managing director and CEO Adrian Cook will give an address at 12.25pm before lunch.

Cook will speak at the upcoming Proactive CEO Sessions next week, on Monday in Sydney and Tuesday in Melbourne, about the company’s development projects on Western Australia’s North West Shelf.

READ: Carnarvon Petroleum to relate its oil and gas story at Proactive CEO sessions

RISC managing partner Martin Wilkes will open at 1.40pm after lunch with Unravelling the Mysteries of Investing in Exploration at 1.40pm.

Wilkes will be followed by Real Energy Corporation Ltd (ASX:RLE) executive director and CEO Scott Brown at 2pm, TAG Oil Ltd (TSX:TAO) chief operating officer Henrik Lundin at 2.15pm, Sun Resources NL (ASX:SUR) managing director and CEO Alexander Parks at 2.30pm, Bengal Energy Ltd CEO Chayan Chakrabarty at 2.45pm, ADX Energy Ltd (ASX:ADX) executive chairman Ian Tchacos at 3pm and New Zealand Oil & Gas (NZX:NZO) CEO Andrew Jefferies at 3.15pm.

TAG Oil Ltd’s (TSE:TAO) CEO and former mining geologist Toby Pierce presented at the Oil Capital Conference in London last Tuesday, saying Australia features “fairly heavily” in the producer’s future growth plans.

Pierce said during his recorded Northern Hemisphere presentation shown online at Proactive Investors: “We expanded into Australia in 2017, we’re just negotiating with the government on two additional blocks which we hope to be in a position to announce towards the end of (Australia’s) summer.”

The company, an experienced operator in New Zealand, expanded into Australia with the acquisition of a petroleum lease in the Surat Basin of Queensland at the start of last year.

 

Late afternoon session

Returning from afternoon tea, Geoscience Australia onshore energy systems section leader Paul Henson will speak at 4.05pm on Exploring for the Future — Discovering the Hydrocarbon Potential of the McArthur Basin to Isa Superbasin with New Data.

Henson will be followed by Transborders Energy Pty Ltd chief financial officer Anna Sudlow at 4.25pm, Emperor Energy Ltd (ASX:EMP) managing director Carl Dumbrell at 4.40pm, Horizon Oil Ltd (ASX:HZN) CEO Michael Sheridan at 4.55pm, Calima Energy Ltd (ASX:CE1) managing director Alan Stein at 5.10pm and Beach Energy Ltd (ASX:BPT) group exploration and development executive Jeff Schrull at 5.25pm.

Conference drinks will then follow at 5.40pm in the exhibition area.

To view the GoodOil Wednesday program or register for the conference, visit the RIU GoodOilConference website.

]]>
Mon, 10 Sep 2018 20:45:00 +1000 https://www.proactiveinvestors.com.au/companies/news/204578/riu-goodoilconference-perth-attracts-oil-and-gas-plays-on-the-hunt-for-juniors-204578.html
<![CDATA[Media files - Bulls, Bears & Brokers: DJ Carmichael's Davide Bosio seeing moves in multiple sectors ]]> https://www.proactiveinvestors.com.au/companies/stocktube/10410/bulls-bears-brokers-dj-carmichael-s-davide-bosio-seeing-moves-in-multiple-sectors-10410.html Mon, 10 Sep 2018 12:06:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/10410/bulls-bears-brokers-dj-carmichael-s-davide-bosio-seeing-moves-in-multiple-sectors-10410.html <![CDATA[News - RIU GoodOilConference Perth and WA Petroleum Day to put oil and gas players centre stage ]]> https://www.proactiveinvestors.com.au/companies/news/204401/riu-goodoilconference-perth-and-wa-petroleum-day-to-put-oil-and-gas-players-centre-stage-204401.html The RIU GoodOilConference in Perth next week will focus on the current state of the oil and gas industry, and the explorers and producers operating in Australia.

In a similar vein, the WA State Government is hosting WA Petroleum Day on Friday, September 14, the day after the GoodOilConference concludes.

The two events will be held at the Hyatt Regency Perth hotel in East Perth.

GoodOil kick-off

Vertical Events resources manager Doug Bowie will open the GoodOil investment forum next Wednesday in the North Ballroom, welcoming Argonaut research director Michael Eidne to the stage to deliver a market update at 8.40am.

Central Petroleum Ltd (ASX:CTP) acting CEO Leon Devaney will then take the podium at 9am to deliver the day’s first company presentation before the John Doran Award is announced at 9.20am

READ: Hazer Group to move pilot plant to Mineral Resources site

 

Among the industry players presenting on Wednesday are Hazer Group Ltd’s (ASX:HZR) chief technical officer Dr Andrew Cornejo, Whitebark Energy Ltd (ASX:WBE) managing director David Messina, Pancontinental Oil & Gas NL (ASX:PCL) executive director and CEO John Begg, Winchester Energy Ltd WEL managing director Neville Henry, Melbana Energy Ltd (ASX:MAY) CEO Robert Zammit, and Comet Ridge Ltd (ASX:COI) managing director Tor McCaul.

Westpac Institutional Bank economics director Justin Smirk will continue Wednesday perspectives on the future of the buoyant industry with a session titled Trump, China & Electric Vehicles. What is Next for Oil & Gas? at 10.50am on Wednesday.

READ: Comet Ridge adds time on Mahalo final investment decision

 

RISC managing partner Martin Wilkes will continue with the industry focus, with Unravelling the Mysteries of Investing in Exploration at 1.40pm.

In the last broad-focused afternoon session, Geoscience Australia onshore energy systems section leader Paul Henson will speak at 4.05pm on Exploring for the Future — Discovering the Hydrocarbon Potential of the McArthur Basin to Isa Superbasin with New Data.

READ: Carnarvon Petroleum progressing one of the largest oil resources ever found on the North West Shelf

Afternoon sessions from companies start at 12.10pm and go through to 5.40pm as a series of senior executives take the mic.

These include Lion Energy Ltd (ASX:LIO) executive chairman Tom Soulsby and Carnarvon Petroleum Ltd (ASX:CVN) managing director and CEO Adrian Cook, who will be speaking before lunch.

Cook will speak at the upcoming Proactive CEO Sessions in Sydney and Melbourne, on September 17 and 18 respectively, about the company’s development projects on Western Australia’s North West Shelf.

READ: Carnarvon Petroleum to relate its oil and gas story at Proactive CEO sessions

 

GoodOil’s afternoon session after lunch next Wednesday will also feature presentations from Real Energy Corporation Ltd (ASX:RLE) executive director and CEO Scott Brown, TAG Oil Ltd (TSX:TAO) COO Henrik Lundin, Sun Resources NL (ASX:SUR) managing director and CEO Alexander Parks, Bengal Energy Ltd CEO Chayan Chakrabarty, ADX Energy Ltd (ASX:ADX) executive chairman Ian Tchacos and New Zealand Oil & Gas (NZX:NZO) CEO Andrew Jefferies.

The final session of Wednesday afternoon will feature Transborders Energy Pty Ltd CFO Anna Sudlow, Emperor Energy Ltd (ASX:EMP) managing director Carl Dumbrell, Horizon Oil Ltd (ASX:HZN) CEO Michael Sheridan, Calima Energy Ltd (ASX:CE1) managing director Alan Stein and Beach Energy Ltd (ASX:BPT) group exploration and development executive Jeff Schrull.

To view the GoodOil Wednesday program or register for the conference, visit the RIU GoodOilConference website.

Registrations for RIU GoodOilConference can be made online.

Thursday program

Four sessions will be held on GoodOil day two, with 27 speakers delivering addresses before the conference close.

Among the speakers delivering industry perspectives are Westpac Institutional Bank Energy and Resources Director Mark Beeley who will speak on Financing Considerations at 8.30am on Thursday.

Later in the morning Upstream Production Solutions technical general manager Neil Clegg will talk Flexible Operations Models for Today at 10.45am.

Geoscience Australia onshore energy systems geochemist Amber Jarrett will deliver a presentation on Exploring for the Future — Petroleum Geochemistry of Northern Australia at 12.15pm.

After lunch, WA Department of Mines, Industry Regulation and Safety senior geophysicist Alex Zhan, of the Geological Survey of WA, will speak on the department’s Geophysical Projects in the Canning Basin of Australia.

Santos conventional oil and gas executive vice-president Bruce Clement will present the company’s story in a 4.05pm talk titled How Transformation to Lowest Cost Operator Helps Deliver Growth: The Santos Story.

Murphy Australia Oil (NYSE:MUR) exploration manager Paul Carroll will give the closing address at 5.10pm on Thursday.

The Thursday morning session is expected to feature company presentations from Invictus Energy Ltd (ASX:IVZ) managing director Scott Macmillan, Finder Exploration Pty Ltd commercial advisor Damon Neaves, Cue Energy Resources Ltd (ASX:CUE) CEO Matthew Boyall, Norwest Energy NL (ASX:NEW) managing director and CEO Shelley Robertson, Metgasco Ltd (ASX:MEL) executive director Ken Aitken and FAR Limited (ASX:FAR) managing director Cath Norman.

A map of FAR's Samo-1 ground.

READ: FAR Ltd granted government approval for PETRONAS farm-out in blocks A2 and A5, The Gambia

GoodOil’s late Thursday morning session includes addresses from Strata-X Energy Ltd (ASX:SXA) CEO Tim Hoops, Leigh Creek Energy Ltd (ASX:LCK) corporate and investor relations Tony Lawry, Cooper Energy Ltd (ASX:COE) managing director David Maxwell and Oilex Ltd (ASX:OEX) managing director Joe Salomon.

After noon, Elixir Petroleum Ltd (ASX:EXR) managing director Dougal Ferguson will speak, followed after lunch by a number of company executives including Bass Oil Ltd (ASX:BAS) managing director Tino Guglielmo, Sacgasco Ltd (ASX:SGC) managing director Gary Jeffery, Triangle Energy (Global) Ltd (ASX:TEG) director Darren Bromley, Icon Energy Ltd (ASX:ICN) managing director Raymond James, Armour Energy Ltd (ASX:AJQ) CEO Roger Cressey and Buru Energy Ltd (ASX:BRU) executive chairman Eric Streitberg.

Buru tenements in the Canning Basin of Western Australia, near Broome and Derby.

READ: Buru Energy production at Ungani Oilfield nears 1 million barrels, Trafigura lifts another 51,962 barrels

The last afternoon session of the forum will include presentations from NHC subsidiary Bridgeport Energy Ltd CEO Chris Way, Key Petroleum Ltd (ASX:KEY) managing director Kane Marshall, Red Sky Energy Ltd (ASX:ROG) managing director Andrew Knox and Vintage Energy Ltd (ASX:VEN) operations executive Michael Dodd.

To view the GoodOil Thursday program or register for the conference, visit the RIU GoodOilConference website.

WA Petroleum Day follows the RIU GoodOilConference next week.

Friday chaser

The WA State Government will hold a follow-on at Hyatt Regency Perth the day after GoodOil.

To run all day and include a sundowner, WA Petroleum Day will also run in the North Ballroom and feature an opening address from State Treasurer and energy minister Ben Wyatt.

Department of Mines, Industry Regulation and Safety (DMIRS) director general David Smith will speak on Ensuring a Sustainable Resources Sector for WA while DMIRS’ geoscience and resource strategy division executive director Jeff Haworth will give a Pulse Check on the Petroleum Industry in WA.

Australian Government Department of Industry, Innovation and Science’s Lisa Schofield will give a Commonwealth Policy Update during session two while National Offshore Petroleum Safety and Environmental Management Authority CEO Stuart Smith will speak on International Regulation Trends during session three.

The final session will feature a presentation from Chevron Australia (NYSE:CVX) (FRA:CHV) (ETR:CHV) (BMV:CVX) managing director Nigel Hearne on Creating an Interconnected Gas-gathering System for WA.

Hearne’s address will be followed by a closing panel discussion on The Role of Gas in WA’s Future Energy Mix which will be facilitated by KPMG Australia’s Ted Surette.

Displays will be featured in the South Ballroom foyer.

Tickets costs $110 and are available with a program through the Department of Mines, Industry Regulation and Safety website, DMP.

]]>
Fri, 07 Sep 2018 15:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/204401/riu-goodoilconference-perth-and-wa-petroleum-day-to-put-oil-and-gas-players-centre-stage-204401.html
<![CDATA[Media files - Bulls, Bears & Brokers: Alto Capital's Tony Locantro on lessons from dotcom bubble ]]> https://www.proactiveinvestors.com.au/companies/stocktube/10390/bulls-bears-brokers-alto-capital-s-tony-locantro-on-lessons-from-dotcom-bubble-10390.html Fri, 07 Sep 2018 13:30:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/10390/bulls-bears-brokers-alto-capital-s-tony-locantro-on-lessons-from-dotcom-bubble-10390.html <![CDATA[News - S&P/ASX 200 having tough day as S&P Dow Jones quarterly rebalance rings changes ]]> https://www.proactiveinvestors.com.au/companies/news/204396/spasx-200-having-tough-day-as-sp-dow-jones-quarterly-rebalance-rings-changes-204396.html S&P Dow Jones Indices have revealed changes to a number of S&P/ASX indices as part of the September quarterly rebalance.

While there are no changes to the S&P/ASX 20 and S&P/ASX 50 indices, Reliance Worldwide Corporation Ltd (ASX:RWC) will replace Perpetual Ltd (ASX:PPT) in the S&P/ASX 100.

Waste Management company Bingo Industries Ltd (ASX:BIN) and agribusiness company Elders Ltd (ASX:ELD) enter the S&P/ASX 200 while 14 companies will enter the S&P/ASX 300 index.

14 companies enter S&P/ASX 300

Companies entering the S&P/ASX 300 include US oil junior Sundance Energy Australia Ltd (ASX:SEA) and ASX debutant, building materials company Wagners Holding Company Ltd (ASX:WGN).

READ: Sundance Energy enters trading halt ahead of capital raising

Other additions to the S&P/ASX 300 include:

Aurelia Metals Limited (ASX:AMI);
Clinuvel Pharmaceuticals Limited (ASX:CUV);
Ive Group Limited (ASX:IGL);
Jupiter Mines Limited (ASX:JMS);
Kogan.Com Ltd (ASX:KGN);
Money3 Corporation Limited (ASX:MNY);
Megaport Limited (ASX:MP1);
Nearmap Ltd (ASX:NEA);
OM Holdings Limited (ASX:OMH);
Pinnacle Investment Management Group Limited (ASX:PNI);
Polynovo Limited (ASX:PNV); and
Praemium Limited (ASX:PPS).

 

— CommSec (@CommSec) September 7, 2018 ]]>
Fri, 07 Sep 2018 13:02:00 +1000 https://www.proactiveinvestors.com.au/companies/news/204396/spasx-200-having-tough-day-as-sp-dow-jones-quarterly-rebalance-rings-changes-204396.html
<![CDATA[Media files - Bulls, Bears & Brokers: DJ Carmichael's Davide Bosio shares his weekly insights ]]> https://www.proactiveinvestors.com.au/companies/stocktube/10308/bulls-bears-brokers-dj-carmichael-s-davide-bosio-shares-his-weekly-insights-10308.html Mon, 03 Sep 2018 12:03:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/10308/bulls-bears-brokers-dj-carmichael-s-davide-bosio-shares-his-weekly-insights-10308.html <![CDATA[Media files - Bulls, Bears & Brokers: Alto Capital's Tony Locantro on stocks to watch ]]> https://www.proactiveinvestors.com.au/companies/stocktube/10280/bulls-bears-brokers-alto-capital-s-tony-locantro-on-stocks-to-watch-10280.html Fri, 31 Aug 2018 12:01:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/10280/bulls-bears-brokers-alto-capital-s-tony-locantro-on-stocks-to-watch-10280.html <![CDATA[News - Australians developing gold projects in Africa focus on quality of projects ]]> https://www.proactiveinvestors.com.au/companies/news/203746/australians-developing-gold-projects-in-africa-focus-on-quality-of-projects-203746.html Networking by Australian companies developing projects in Africa got underway a day early yesterday at an event in Perth.

Cardinal Resources Ltd (ASX:CDV) (TSE:CDV) (FRA:C3L) managing director and CEO Archie Koimtsidis spoke at the Cannings Purple Investor Insight West African Special Event about the company’s 6.5 million ounce Namdini project in Ghana and its upcoming pre-feasibility study (PFS).

Golden Rim Resources Ltd (ASX:GMR) managing director Craig Mackay spoke about the upside of the company’s flagship Kouri Gold Project and Babonga Gold Project in Burkina Faso.

Both leaders spoke to investors, mining industry professional and journalists at the event and will also present at the three-day Africa Down Under Conference Perth over the next two days.

A worker gathers samples at Cardinal’s Ndongo East prospect.

  Cardinal has big asset with low IRR

Cardinal is just weeks away from releasing a PFS for Namdini.

A previous preliminary economic assessment (PEA) envisaged capital costs of US$275-426 million, depending on throughput, a post-tax net present value of $445-649 million, using a 5% discount rate, and an internal rate of return of 31-44%.

The PEA was based on an indicated resource of 3.3 million ounces, which has grown to 6.5 million.

"If this appealed to you, wait until you see the PFS because it's based off a bigger resource," Koimtsidis said.

The PFS will include a maiden reserve, with Koimtsidis expecting above average conversion rate of the indicated resource.

"70% conversion of 6.5 million ounces has a four in front of it," he said.

Koimtsidis said the release of the PFS could be the catalyst for Cardinal to receive a "tap on the shoulder", stating that many bigger players needed a PFS before they could take it to their committees.

Namdini is a small part of the company's 900 square kilometre landholding near the Burkina Faso border.

Cardinal Resources’ drilling continues to extend Ndongo East gold discovery in Ghana

Today, Cardinal revealed it had extended the strike length by 800 metres or 200% to 1.2 kilometres at the Ndongo East discovery.

The company reported further shallow gold intersections from exploration drilling following the discovery last month at Ndongo licence.

Highlight intersections included 2 metres at 27 g/t gold from 10 metres, 6 metres at 12.6 g/t from 2 metres and 7 metres at 2.2 g/t from 55 metres.

Koimtsidis told the market: “We are increasingly encouraged at how Ndongo East is evolving with the potential to add high-grade gold ounces to our Namdini project only 20 kilometres to the south.”

The company is set on growing the tier-one asset and has received a 15-year renewable licence, conditional on an environmental permitting process this year.

READ: Cardinal Resources finalises US$25 million credit facility with Sprott

The company is tri-listed on the Toronto Stock Exchange and follows TSX reporting rules, only reporting the resources contained in the stage I and life-of-mine pit areas.

Cardinal’s mineralisation extends 1,150 metres over the pits, and then along strike and to depth.

The company has assessed the economic cost of three scenarios it shared yesterday — operations that produced 4.5, 7 or 9.5 million tonnes a year.

  Golden Rim focuses on Burkina Faso upside

Golden Rim managing director Mackay emphasised the quality of the flagship Kouri Gold Project and the strong support mining received in Burkina Faso.

Mackay said the project featured upside for investors, with many of the gold lodes being open along strike at the mineral resource.

There are also parallel gold lodes with induced polarisation chargeability.

The company believes there is potential for new gold lodes to be discovered outside the resource, citing a recent find 100 metres south of the resource where one hole returned 6 metres at 25.2 g/t gold and another 3 metres at 9.3 g/t gold.

READ: Golden Rim Resources identifies bedrock gold anomalies at Kouri Project

Golden Rim’s 20.8 million tonnes indicated and inferred mineral resources at Kouri are graded at 1.5 g/t gold at a 0.5 g/t cut-off to contain 1 million ounces.

The mineral resource near the town of Piela extends 3.2 kilometres from the surface until a 90-metre depth.

Forty-two holes have been drilled since the company’s mineral resource statement, with results likely to increase the size of the open-pittable resource.

Golden Rim has 95.5% total recovery over all ore types, with fresh ore having recoveries of up to 99.6%.

The average gravity recovery is 36%, although it has achieved a high of 68%.

Golden Rim believes the resource has bulk mining potential, after achieving highlight results such as 136 metres at 1.1 g/t from zero metres and 124 metres at 0.9 g/t gold from 18 metres.

READ: Golden Rim Resources raising $4 million to advance Kouri Gold Project

The Babonga project is another wholly-owned company project in the country and drilling has produced results such as 7 metres at 1.6 g/t from 28 metres.

Mackay highlighted the fast-growing gold destination Burkina Faso was a supportive jurisdiction with a modern mining code.

Ten new gold mines have been opened in the country in the past 12 years.

]]>
Tue, 28 Aug 2018 22:38:00 +1000 https://www.proactiveinvestors.com.au/companies/news/203746/australians-developing-gold-projects-in-africa-focus-on-quality-of-projects-203746.html
<![CDATA[Media files - Bulls, Bears & Brokers: DJ Carmichael's Davide Bosio on raisings, rumours & roadshows ]]> https://www.proactiveinvestors.com.au/companies/stocktube/10247/bulls-bears-brokers-dj-carmichael-s-davide-bosio-on-raisings-rumours-roadshows-10247.html Mon, 27 Aug 2018 11:55:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/10247/bulls-bears-brokers-dj-carmichael-s-davide-bosio-on-raisings-rumours-roadshows-10247.html <![CDATA[Media files - Bulls, Bears & Brokers: Alto Capital's Tony Locantro explains why 97% of speculators fail ]]> https://www.proactiveinvestors.com.au/companies/stocktube/10218/bulls-bears-brokers-alto-capital-s-tony-locantro-explains-why-97-of-speculators-fail-10218.html Fri, 24 Aug 2018 12:01:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/10218/bulls-bears-brokers-alto-capital-s-tony-locantro-explains-why-97-of-speculators-fail-10218.html <![CDATA[News - Africa Down Under Conference Perth to highlight mining and energy investments ]]> https://www.proactiveinvestors.com.au/companies/news/203358/africa-down-under-conference-perth-to-highlight-mining-and-energy-investments-203358.html Africa Down Under Conference Perth kicks off next Wednesday as mines ministers, government delegates and leaders of key Australian companies operating in Africa converge amid the mining sector’s resurgence.

Paydirt Media Pty Ltd’s 16th annual Africa Down Under aims to raise awareness of Australia’s mining and energy investments in the world’s second largest continent and focus on plans for the region.

Africa Down Under 2018 is taking place during Africa Week with satellite events to look at research, sustainable development, energy and capacity-building.

The annual conference is the highlight of the week and will again take place at Pan Pacific Perth hotel, extending over the three days ending Friday, August 31.

Paydirt executive chairman Bill Repard will open proceedings at 8.15am next Wednesday followed by WA Mines and Petroleum Minister Bill Johnston who will give the opening address.

WA Mines and Petroleum Minister Bill Johnston.

Johnston told Proactive Investors: “Perth is the ideal place to host the Africa Down Under conference, as Western Australia is one of the world’s biggest mining and petroleum jurisdictions in the world.

“Our state is also an international hub for mining services, science and technology; has a highly skilled workforce and has been continually ranked as one of the world’s most attractive destinations for mining investment.”

The mines minister noted 117 companies listed on the Australian Securities Exchange were developing mining projects in 29 African nations and 84 were based in WA.

The top three of those WA companies by market capitalisation are: South32 Ltd (ASX:S32) (LON:S32) (JSE:S32) (OTCMKTS:SOUHY), operating in South Africa; mineral sands project operator Iluka Resources Limited (ASX:ILU) (FRA:ILZ) (OTCMKTS:ILKAF) (OTCMKTS:ILKAY) (OTCMKTS:RMGGY) in Sierra Leone; and gold miner Resolute Mining Limited (ASX:RSG) (FRA:RSM) (OTCMKTS:RMGGF) in Cote d’Ivoire, Ghana and Mali.

Johnston concluded: “The McGowan Government sees tremendous potential to build on the economic ties between Western Australia and Africa, particularly in mining, the Australian mining equipment, technology and services sector, and education and training.”

  Resolute first

Automation advocate Resolute Mining will debut the company side of proceedings, taking the stage at 8.55am after South Africa’s Mineral Resources Minister Gwede Mantashe.

Resolute is the third largest Western Australia-based mining company actively operating and developing projects in Africa, according to market capitalisation.

BIG PICTURE: Resolute Mining’s updated study cuts underground gold mine costs by US$135 per ounce

Bibiani is expected to be Resolute’s third operating gold mine, alongside Syama mine in Mali and Ravenswood mine in Queensland.

The gold company’s managing director & CEO John Welborn will speak for 20 minutes about the company’s experience in Africa.

The Perth-based company is tipped to become the first company in the world to have a fully-autonomous underground mine at Syama Gold Project in Mali.

Resolute recently updated its feasibility study for the project, reducing all-in-sustaining-costs by $135 per ounce, or 18.1%, to US$746 an ounce.

  Orion shines

Orion Minerals Ltd (ASX:ORN) (JSE:ORN) managing director and CEO, geologist Errol Smart will deliver the second company presentation, about 9.20am, during session one on Wednesday morning.

The company holds several close-together assets on South Africa’s Areachap Belt and a number of Australian assets, including the Fraser Range project joint venture in Western Australia with JV partner Independence Group.

Orion’s lead project is Prieska, a 29.4 million tonne zinc-copper mine shuttered in 1991, three years before the end of Apartheid years.

The project is undergoing a definitive feasibility study due early next year.

Smart told Proactive Investors he was expecting a “nail-biting period” in the next 12 months as South Africa moved toward national elections next year.

“The combination of an election year, destabilised and weakened state structures and institutions, a justifiably dissatisfied populace facing huge poverty and unemployment collectively amount to a daunting mountain to climb,” he said.

Orion is already creating local jobs in South Africa with underground drilling at the old Prieska mine.

Smart highlighted the nation had previously shown it could advance an economic agenda and expressed his hope leaders could do so again.

“South Africa has demonstrated before that a united effort can deliver remarkable growth,” he said.

“We need strong personalities to seize the moment and provide unifying leadership to harness one of the best growth opportunities available for our country.

“Our mineral endowment is well known, but it’s time for a completely different operating strategy for team South Africa if we ever expect to harvest that latent value.”

I

Prieska Copper Mine operated for the 20 years to 1991, employing about 4,000 people.

Smart acknowledged the mining industry could be an easy target during election campaigning but expressed his hope an incoming government would take the higher road.

“Unfortunately the mining industry — which is a large employer with high community impact and large, high-profile footprints, and which is fighting its own global challenges such as commodity prices — traditionally becomes a soft target to populist politicians in times like this,” he said.

“Let’s hope that the new governing party leadership can prevail and reinstate some of the ‘rainbow nation dream’.”

Smart expects success for African countries that value their investment climate and do not “disappoint their investment partners in return for short-term gains”.

“I think those countries that built and sustained investor-friendly, transparent and stable legal and regulatory platforms will harvest the long-term support of those investors to weather the current commodity downturn and continue to position for the next phase of growth in commodity demand,” he said.

Orion also holds Jacomynspan nickel-copper-cobalt and platinum group element project in South Africa, along with the Masiqham zinc-copper project and Marydale gold-copper project in the African country.

Independence Group has an option through the companies’ JV agreement that allows it to snap up Orion’s prospective nickel projects in South Africa or form JVs to develop the assets.

Former Nigerian president Dr-Chief Olusegun Obasanjo.

Wednesday matters

Former Nigerian president and current Africa Progress Group co-chair Dr-Chief Olusegun Obasanjo will open the second session on Wednesday at 10.20am.

He will be followed by company presenters from Base Resources Ltd (ASX:BSE), Comet Minerals Ltd, Sipa Resources Ltd (ASX:SRI) and Mako Gold Ltd (ASX:MKG).

An afternoon session led by Paydirt’s Dominic Piper at 1.10pm is titled Meet the Ambassadors and will be a panel discussion involving ambassadors from South Africa (Adam McCarthy), Ghana (Andrew Barnes), Kenya (Alison Chartres), Nigeria (Paul Lehmann), Zimbabwe (Bronte Moules), Egypt (Neil Hawkins), Mauritius (Jenny Dee) and Morocco (Berenice Owen-Jones).

Company presentations round out the rest of the afternoon, with leaders to take the stage from Cardinal Resources Ltd (ASX:CDV), Lucapa Diamond Company Ltd (ASX:LOM), Nzuir Copper Ltd, Azumah Resources Ltd (ASX:AZM), Bass Metals Ltd (FRA:R2F), Black Rock Mining Ltd (ASX:BKT), Celsius Resources Ltd (ASX:CLA) and Total Eren S.A.

Africa Down Under will take place on August 29-31 in Perth. To see a program, visit africadownunderconference.com/conference-programme.

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Wed, 22 Aug 2018 18:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/203358/africa-down-under-conference-perth-to-highlight-mining-and-energy-investments-203358.html
<![CDATA[News - Australian gold shines in global spotlight after launch of physical gold ETF in New York ]]> https://www.proactiveinvestors.com.au/companies/news/203107/australian-gold-shines-in-global-spotlight-after-launch-of-physical-gold-etf-in-new-york-203107.html Australia’s gold industry is shining brighter on the world stage with the launch by The Perth Mint in New York this week of the first exchange-rated fund with sovereign-backed gold.

Trading of The Perth Mint Physical Gold ETF (NYSE Arca:AAAU) started on Wednesday in the US and is Australia’s first gold ETF to be traded on the New York Stock Exchange.

This development will provide a direct path for Australian-mined gold to be sold into the world's largest financial market.

Collaboration from specialist parties

The Bank of New York Mellon has been appointed as the fund’s trustee with the leading US-based investment advisory firm Exchange Traded Concepts as its administrative sponsor.

Each AAAU share represents ownership of 1/100th of an ounce of gold which is secured by physical gold stored by The Perth Mint, which is owned by the Government of Western Australia.

A key feature is that shareholders may redeem shares for physical gold at any time.

Select gold from The Perth Mint’s range

This can be selected from The Perth Mint’s extensive range of bullion bars and coins and can be delivered to the shareholder’s door.

AAAU will also pay its expenses in gold ounces, thus minimising potential tracking errors to the gold price.

The ETF will also promote the potential investment benefits of gold, one of Australia's most valuable and important export commodities.

Hedge against volatility

The Perth Mint’s CEO Richard Hayes said that gold still had a role to play as a hedge against volatility.

“We live in an increasingly turbulent world,” he said, “and that provides a place for safe haven and very secure assets, of which gold is one.”

He said that while the initial focus was on North American investors, given the NYSE listing, “it will go in time with Aussie investors too”.

Market for Australian gold

Hayes said the initiative was in line with the mint’s aim to create markets for Australian gold.

“This is just another way of taking that same product, but selling it in a different way to perhaps a different demographic of investor.”

Founded in 1899 in the wake of the Kalgoorlie and Coolgardie gold rushes, the mint now processes more than 90% of the gold mined in Australia.

“Australian gold has an international reputation for purity and ethical sourcing, with investors integrally participating in the success of a great Australian story,” Hayes added.

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Fri, 17 Aug 2018 15:50:00 +1000 https://www.proactiveinvestors.com.au/companies/news/203107/australian-gold-shines-in-global-spotlight-after-launch-of-physical-gold-etf-in-new-york-203107.html
<![CDATA[Media files - Bulls, Bears & Brokers: Alto Capital's Tony Locantro tips the next hot sector ]]> https://www.proactiveinvestors.com.au/companies/stocktube/10150/bulls-bears-brokers-alto-capital-s-tony-locantro-tips-the-next-hot-sector-10150.html Fri, 17 Aug 2018 12:20:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/10150/bulls-bears-brokers-alto-capital-s-tony-locantro-tips-the-next-hot-sector-10150.html <![CDATA[News - Investment opportunities presented at next week’s Proactive CEO Sessions ]]> https://www.proactiveinvestors.com.au/companies/news/203103/investment-opportunities-presented-at-next-weeks-proactive-ceo-sessions-203103.html Proactive Investors' CEO Sessions provide investors with an opportunity to learn about new companies and new investment opportunities and next week’s events in Sydney and Melbourne will feature four companies.

Altech Chemicals Ltd (ASX:ATC), Ventnor Resources Ltd (ASX:VRX), White Rock Minerals Ltd (ASX:WRM) and Po Valley Energy Limited (ASX:PVE) will present in Sydney on Monday, August 20, and in Melbourne on Tuesday, August 21.

There are still some seats available for the luncheon sessions and to secure your place, just visit our website and click on the Events link – click here.

READ: Altech Chemicals breaks ground in Malaysia as stage I high purity alumina plant work begins

Altech has started construction of its high purity alumina (HPA) plant in Malaysia and the company will provide an update.

The site for the plant in Johor has been cleared after Altech executed the stage I construction agreement with its appointed German contractor.

This was the first task in the detailed schedule of works for stage I construction.

READ: Ventnor Resources continues to make progress at Arrowsmith Silica Sand Project

Ventnor has been reinstated to official ASX quotation and managing director Bruce Maluish will outline the company’s new focus on silica sands through two pre-development projects in Western Australia.

Sufficient drilling has been undertaken to allow a JORC-compliant resource estimate to be compiled at each of the projects.

READ: White Rock Minerals hits high-grade zinc-silver-gold at Red Mountain

White Rock’s Red Mountain Zinc Project is attracting plenty of attention and managing director Matt Gill will explain why.

Red Mountain’s potential has drawn the interest of prolific Australian explorer Sandfire Resources NL (ASX:SFR), which has entered into an agreement with White Rock.

 

Po Valley Energy chairman Michael Masterman will outline the company’s promising oil and gas strategy centred on northern Italy.

Its primary focus is on the Selva Malvezzi gas field which it is seeking to advance to full commercial production.

Register today

Don’t miss the investment opportunities that each of these companies represents.

Register today to find out more.

Sydney details, Monday, August 20, 2018

Melbourne details, Tuesday, August 21, 2018

Or call John Phillips on (02) 9280 0700

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Fri, 17 Aug 2018 12:05:00 +1000 https://www.proactiveinvestors.com.au/companies/news/203103/investment-opportunities-presented-at-next-weeks-proactive-ceo-sessions-203103.html
<![CDATA[News - S&P Global Market Intelligence highlights 83% reduction in major copper discoveries ]]> https://www.proactiveinvestors.com.au/companies/news/202907/sp-global-market-intelligence-highlights-83-reduction-in-major-copper-discoveries-202907.html S&P Global Market Intelligence has found only 140 million significant tonnes of copper were discovered in the last 10 years, a dramatic reduction on the 862.8 million tonnes defined in the 18-year period before the past decade.

Senior metals and mining research analyst Kevin Murphy noted only 29 significant discoveries were made worldwide in the last decade, compared to 191 made in 1990 to 2007.

Murphy said: “Although copper exploration budgets have fallen from an all-time high in 2012, spending on finding new copper reserves remains at historically high levels

“However, the increased funding has so far failed to identify more new discoveries compared with the previous period.”

The 83.8% reduction in tonnages between the two periods occurred despite a 114.5% increase in exploration expenditure between the junctions of 2008-2017 and 1990-2007.

A more than doubled sum of US$26.6 billion was served up for copper exploration over the decade that ended on December 31, compared to the US$12.4 billion spent over the preceding 18 years.

Lower risk, fewer tonnes

S&P flagged less grassroots exploration in the decade up to 2017, contributing to the decline in major discoveries.

Murphy highlighted junior explorers focusing on expanding established deposits and bigger players exploring at their existing operations.

He said: “Although some new major discoveries have been found at late-stage projects and existing mining camps, the potential to find new major discoveries at such projects is less likely than at riskier, early-stage prospects.”

The senior research analyst said: “In terms of the return in copper discovered for exploration dollars spent, the 1990s were a considerably more successful decade than the 2000s.

“Of the 220 major discoveries in the past 28 years, 106, or almost half, were made in the 1990s and contain half of the discovered copper.”

A PolarX core sample.

Step-up predicted

S&P predicted a 105 million tonne or 75% increase in the volume of discoveries for the decade starting in 2018.

Murphy said: “Even after adjusting for more recently identified deposits eventually surpassing our threshold for a major discovery and for major discoveries with potential to expand, we forecast that the copper in major discoveries will likely only increase to about 245 million tonnes over the next decade.”

S&P’s threshold of only including discoveries of more than 500,000 tonnes takes in reserves, resources and past production, with a few rare exceptions.

Despite S&P holding a better outlook for the next decade, the predicted tonnages of major discoveries would still only be 28.4% of those defined in the 1990-2007 period.

Still on the hunt

A number of companies on the Australian Securities Exchange are in the business of copper exploration.

These include PolarX Limited (ASX:PXX), Havilah Resources Ltd (ASX:HAV) (FRA:FWL), Great Boulder Resources Ltd (ASX:GBR), St George Mining Ltd (ASX:SGQ) (FRA:S0G), Aeris Resources Ltd (ASX:AIS), and Australian Mines Limited (ASX:AUZ) (FRA:MJH) (OTCMKTS:AMSLF).

Earlier today PolarX revealed it expected to increase copper, gold and silver resources at its Alaska Range project in Alaska.

The company had drilled visible copper sulphides and received strong high-grade, near-surface results from drilling at the Zackly deposit.

These included 55 metres grading 2.8 g/t gold, 0.6% copper and 9.4 g/t silver from 2.5 metres.

READ: PolarX hits high-grade gold and copper, Alaska Range resource increase expected

Havilah’s copper equivalent ore reserve at the wholly-owned Kalkaroo copper-cobalt-gold project in far-east South Australia is considered the largest in Australia.

The ore reserve is a significant 100.1 million tonnes grading 0.47% copper and 0.44 g/t gold.

Havilah is tipped to complete the project economics for its pre-feasibility study by the end of the year and divested its North Portia Copper-Gold Project to Broken Hill-based Consolidated Mining & Civil Pty Ltd (CMC) last month.

READ: Havilah Resources considers its options for copper-cobalt-gold project

Great Boulder is proving up the scale of the Mt Venn copper-nickel-cobalt asset in Western Australia with drilling and has encountered massive sulphides during the effort.

The company has encountered extensive sulphide mineralisation with first holes at the project’s Eastern Mafic complex over a 5 kilometre strike length.

Intervals have been shown to be up to 70% sulphide at the complex.

Drilling at Mt Venn is ongoing.

READ: Great Boulder Resources shares up 40% as it hits massive sulphides at Eastern Mafic

St George’s Mt Alexander Project in Western Australia is a recent nickel-copper sulphide discovery.

The 75%-owned project hosts the Cathedrals, Stricklands and Investigators prospects and is held in a joint venture by Western Areas Ltd (ASX:WSA) which has a 25% stake.

St George is conducting definition drilling at Mt Alexander where mineralisation is found 30 metres from the surface.

The company revealed last month it had drilled high-grade nickel-copper sulphides at the project’s Investigators prospect.

READ: St George Mining drills high-grade nickel copper sulphides at Investigators

Aeris called its June quarter its best for the 2018 financial year after producing 7,592 tonnes of copper in the period, an 11% increase on the previous quarter and the best quarterly it achieved in the financial year.

The company’s June quarter costs were $2.10 per pound for net direct cash costs and $2.79 per pound for all-in sustaining costs.

Aeris reported last month 28 anomalies had been discovered at the Torrens project in South Australia it holds in a joint venture with Argonaut Resources NL (ASX:ARE).

The discovery backed arguments the project area was highly prospective for iron-oxide copper-gold mineralisation.

READ: Aeris Resources identifies 28 anomalies at Torrens Copper-Gold Project

Australian Mines is currently undertaking a definitive feasibility study for its flagship Sconi project at the historic Greenvale mine in Queensland.

The company’s Sconi pre-feasibility study tipped average annual production of 3,010 tonnes of cobalt sulphate, 24,420 tonnes of nickel sulphate and 77 tonnes of scandium oxide for at least the first 20 years, with 0.11% cobalt, 0.81% nickel and 109 g/t scandium average feed grades.

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Tue, 14 Aug 2018 22:03:00 +1000 https://www.proactiveinvestors.com.au/companies/news/202907/sp-global-market-intelligence-highlights-83-reduction-in-major-copper-discoveries-202907.html
<![CDATA[Media files - Bulls, Bears & Brokers: Alto Capital's Tony Locantro shares fears over mortgage market ]]> https://www.proactiveinvestors.com.au/companies/stocktube/10085/bulls-bears-brokers-alto-capital-s-tony-locantro-shares-fears-over-mortgage-market-10085.html Fri, 10 Aug 2018 12:20:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/10085/bulls-bears-brokers-alto-capital-s-tony-locantro-shares-fears-over-mortgage-market-10085.html <![CDATA[News - Diggers and Dealers Mining Forum focuses on growth, exploration and acquisitions ]]> https://www.proactiveinvestors.com.au/companies/news/202637/diggers-and-dealers-mining-forum-focuses-on-growth-exploration-and-acquisitions-202637.html Diggers and Dealers Mining Forum 2018 is done and dusted, but what were some highlights? We take a look.

Diggers chairman Nick Giorgetta opened the forum on the Monday after predicting a buoyant event in an interview with Proactive Investors.

Giorgetta said the event had proved buoyant and had matured into an international, professional event.

“There’s a lot of deals being made,” he said on Wednesday.

READ: Diggers and Dealers 2018 a ‘buoyant’ and ‘serious, relevant conference’ not about skimpies

The chairman acknowledged a number of companies had attracted buzz.

Giorgetta said: “There’s the standard companies that always perform well, companies like Evolution (Mining), Northern Star (Resources) because they come up with good results, good cash profits, good … reserves.

“Then there’s the emerging ones, that are really going to become the next line of producers – lithium, a few cobalt, just the companies that are not so much junior explorer but the would-be producer …they are popular.”

Keynote speaker and former Portugal prime minister José Manuel Barroso.

Barroso warns of protectionism

Giorgetta introduced keynote speaker José Manuel Barroso on Monday, a former prime minister of Portugal and ex-president of the European Commission.

Barroso said: “All of the advanced economies are giving a positive contribution to global growth.

“But there are some risks, and the more serious risk I see to global growth is the rise of protectionism.

“When I say protectionism I don't only mean the rise in tariffs and counter-tariffs, I also mean restrictions to cross-border investments and other restrictive measures.”

The Goldman Sachs International chairman believes protectionist government policies could hamper business sentiment and investment — with the US’s trade tariff protections and the UK’s Brexit momentum being two example of restrictive, anti-free-trade policies that could hamper the economic growth of global economies.

Acquire or explore?

One of the key questions big miners addressed was whether they were in to pick up new projects or explore for opportunities themselves.

Another question was whether miners should embrace the push to go big or offload at key times during the market cycle.

Northern Star Resources (ASX:NST) answer to the first question is both: acquire and explore.

The $4.57 billion company revealed it had poured $60 million into its budget for the 2018-19 financial year, ahead of Diggers.

Its goal is to turn a big chunk of 15.9 million ounces of resources into reserves to underpin its growth.

The company is hoping the strategy will deliver a similar outcome to its FY18 strategy, and result in guidance that tops the current estimate of 600,000 to 640,000 ounces a year and costs of $1,025-1,125 an ounce.

But the major is also on the hunt for tier 1 assets in tier 1 countries, a quest some critiqued.

READ: Diggers and Dealers Mining Forum outlook ‘optimistic’ as upturn continues

Resolute Mining Limited’s (ASX: RSG) John Welborn flagged his company was still interested in African opportunities and highlighted Sudan as a potential jurisdiction for investment.

He flagged the company was experiencing a major gold rush and 300,000 ounce a year assets were more likely to be found in African than mature jurisdictions.

Fortescue Metals Group (ASX:FMG) chief executive Elizabeth Gaines acknowledged the company’s recent acquisition activity in investment Atlas Iron Ltd (ASX:AGO) but indicated iron ore exploration in the Pilbara region and the company’s core iron ore business were its focuses going forward.

The Western Australian heavyweight sold-down a 19.9% stake in Atlas to 11.37% during Diggers.

Newcrest Mining (ASX:NCM) general manager exploration Fraser MacCorquodale declared the company “open for business in the exploration space”.

He pitched a pledge at juniors, saying: “If your project is stalled for mining or processing reasons, come and talk to us.”

"We're actively looking for new partners."

Kalgoorlie-Boulder's Exchange Hotel.

Grow or resist?

Evolution Mining (ASX:EVN) executive chairman Jake Klein indicated the $4.96 billion company was resisting a push to become very large.

He said the company was focused on capping the number of projects it managed at eight, believing gold companies weren’t scalable into big organisations with a large portfolio of assets in multiple jurisdictions.

Klein said: “This means a strong focus and discipline on upgrading the asset base by selling lower quality assets in the upturn and acquiring higher quality assets in the downturn.

“We have set ourselves a discipline of having no more than 6-8 assets reflecting the reality that selling assets is as important as buying them.”

Evolution currently has six projects and previously divested Edna May and Pajingo projects and picked up the Cowal and Mungari projects and a stake in Ernest Henry.

Diggers delegates typically take in presentations over a three-day period.

Diggers and dealers in the spotlight​

Award winners were once again recognised at the WesTrac Gala Dinner held on the last day of the forum.

Ausdrill Limited (ASX:ASL) founder and now former managing director Ron Sayers received the annual G.J. Stokes Memorial Award.

The Digger Award accolade went to Kirkland Lake Gold (ASX:KLA) (NYSE:KL) (FRA:NGDA) (TSE:KL) while Kidman Resources Limited (ASX:KDR) (FRA:6KR) (OTCMKTS:KDDRF) claimed Dealer Award and Metro Mining Ltd (ASX:MMI) (FRA:6ME) took Best Emerging Company.

Seven West Media Ltd (ASX:SWM) (FRA:WA7) WestBusiness resources reporter Stuart McKinnon meanwhile claimed the Media Award for his coverage in state newspaper The West Australian.

Western Australian plays on the up

Deloitte Touche Tohmatsu Limited launched its Deloitte 2018 Deloitte WA Index Special Edition at Diggers, highlighting a 26.8% growth in the value of Western Australia-based companies listed on the Australian Securities Exchange during the 2018 financial year.

The kick-up in market capitalisations put their collective closing value on June 30 at $193.5 billion value — the highest sum since May 2011.

Report author Dave Andrews wrote: “The ‘let’s just get on with it’ response this year has allowed many Western Australian companies to prosper.

“Battery metals, particularly nickel, cobalt and copper, and rare earths showed strong momentum on the excitement surrounding battery storage demand, the expanding electric vehicle (EV) market, renewables, and our hunger for more and more consumer technology.”

Data-driven earthmover renter Emeco Holdings Limited (ASX:EHL) (FRA:E3A) increased market capitalisation by $860 million or 341% to $1.113 billion while Lynas Corporation Ltd (ASX:LYC) (FRA:LYI) (OTCMKTS:LYSCF) (OTCMKTS:LYSDY) added $1.164 billion or 302% to end June 30 with a $1.55 billion market cap as Pilbara Minerals Limited (ASX:PLS) (FRA:PLR) (OTCMKTS PILBF).

The three companies were the top market cap movers in Deloitte’s WA Index top 20.

Within the WA Index top 100 movers, the three companies that had the biggest percentage gains in market cap values were: Tungsten Mining NL (ASX:TGN) which added $310 million or 3,141% to end with $320 milllion, Australian Mines Limited (ASX:AUZ) which gained $206 million or 643% to end with $238 million; and European Lithium Limited (ASX:EUR) which added $95 million or 469% to end at $115 million.

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Fri, 10 Aug 2018 01:40:00 +1000 https://www.proactiveinvestors.com.au/companies/news/202637/diggers-and-dealers-mining-forum-focuses-on-growth-exploration-and-acquisitions-202637.html
<![CDATA[News - Diggers and Dealers 2018 a ‘buoyant’ and ‘serious, relevant conference’ not about skimpies ]]> https://www.proactiveinvestors.com.au/companies/news/202452/diggers-and-dealers-2018-a-buoyant-and-serious-relevant-conference-not-about-skimpies-202452.html Diggers and Dealers Mining Forum chairman Nick Giorgetta says the annual forum has proved to be the buoyant event he had expected and organisers are planning to continue holding the event in the mining hub of Kalgoorlie-Boulder.

Giorgetta spoke to Proactive Investors at lunchtime, saying: “Everyone I’ve spoken to this morning is saying how buoyant the mood is and how everything is looking good for the industry.

“Everybody says there’s good vibes, there’s a lot of deals being made, a lot of good presentations to listen to – it’s a very good conference.

“The fact that we’ve got more than 2,300 people attending the conference – we’ve got something like 180-200 people from overseas – it just reinforces the fact that we have become an international conference.”

READ: Diggers and Dealers chairman expects ‘buoyant’ forum

Diggers and Dealers Mining Forum chairman Nick Giorgetta

The chairman noted a number of companies had attracted buzz.

“There’s the standard companies that always perform well, companies like Evolution (Mining), Northern Star (Resources) because they come up with good results, good cash profits, good … reserves,” he said.

“Then there’s the emerging ones, that are really going to become the next line of producers – lithium, a few cobalt, just the companies that are not so much junior explorer but the would-be producer …they are popular.”

READ: Diggers and Dealers mining forum outlook ‘optimistic’ as upturn continues

Delegates take in the experience of a Diggers and Dealers Mining Forum

Giorgetta said most attendees were already across the minerals they specialised in and were turning their attention to particular companies and presentations.

“Some people like the producers just coming up, some people like what they’ve heard about the reserves and want to buy,” he said.

“They try to isolate the companies that are doing the same thing and select the ones that are doing the best or have got no future.”

READ: Diggers and Dealers Mining Forum gold plays to make up 21% of presenters

Giorgetta said forum delegates were finding the Goldfields Arts Centre venue great and reaffirmed organisers were planning to continue to hold the annual event in the mining city of Kalgoorlie-Boulder.

“We will stay here,” he said.

“Everything is lovely, (delegates) are finding the people in Kalgoorlie, they’re really cooperative, they’re very friendly with them.

“Last night I was in a function and at least seven, eight people came to see me to say ‘are you sure you’re going to stay in Kalgoorlie with this conference because you’re really wanted here’.

“It’s great, it is at long last being recognised for (the value) to Kalgoorlie and the mining industry.”

The twilight experience of a past year's Diggers gala dinner. The WesTrac Gala Dinner will be held tonight in Kalgoorlie.

READ: Diggers and Dealers Mining Forum battery minerals companies to make 13% of presentations

Giorgetta expressed his frustration at what he called an “attempt to find a correlation between skimpies and the Diggers and Dealers forum”.

He argued instead the event had become a mature, relevant global conference.

“It’s about time people forget about that, people come to Kalgoorlie because it’s a great mining town, there’s many mines around here, we don’t come here for the skimpies and hotels,” Giorgetta said.

“Almost every year people try to relate Diggers and Dealers to the skimpies, and I think that’s totally unrelated.

The name of the main street of Kalgoorlie is a nod to gold prospector Paddy Hannan who helped start a gold rush.

“We come here just so we can send people to tours, they can see the mine, they can see the history of the town and the fact is there’s skimpies there.

“I haven’t seen one yet … and you can bypass them if it is a problem.

“I really want the media and everybody to get over this, the relationship between Diggers and Dealers and skimpies, it just doesn’t exist, it’s just a coincidence the skimpies are in the town where we hold the conference.

“People are still trying to relate it, and it just doesn’t make sense anymore, it is a serious, relevant forum and we want people to start seeing it that way.”

READ: ABC Bullion global manager predicts upcoming gold price movements ahead of Diggers and Dealers Mining Forum

The Esplanade Hotel in Kalgoorlie sits alongside the long-running Kalgoorlie Miner newspaper.

The chairman indicated the reception to mine site tours remained positive, like in the prior three years.

“Generally the ones who have not really seen much of the mines – they are invited … and they say it’s an eye-opener, they didn’t realise what’s involved,” he said.

Giorgetta said the forum would review the year ahead when putting together next year’s program and learn from this year while also taking suggestions.

“We just hope that the industry remains buoyant and that everything goes well for everybody in the next 12 months and then we look forward to all the stories next year,” he said.

“Generally the better the industry, the better the Diggers and Dealers of course, but even in bad times people come to look for bargains.

“It should be fine, I don’t see any downturns in the industry in the short term.”

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Wed, 08 Aug 2018 02:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/202452/diggers-and-dealers-2018-a-buoyant-and-serious-relevant-conference-not-about-skimpies-202452.html
<![CDATA[News - Diggers and Dealers Mining Forum battery minerals companies to make 13% of presentations ]]> https://www.proactiveinvestors.com.au/companies/news/202259/diggers-and-dealers-mining-forum-battery-minerals-companies-to-make-13-of-presentations-202259.html Diggers and Dealers Mining Forum 2018 has begun and will welcome its first battery mineral plays to the stage this afternoon, as punters and companies alike consider the prospects for graphite, lithium, nickel and cobalt, among others.

Diggers and Dealers Mining Forum opener and chairman Nick Giorgetta, who gave the first presentation this morning, believes battery minerals have a positive outlook.

READ: Diggers and dealers mining forum outlook ‘optimistic’ as upturn continues

“Lithium, zinc, copper, they are all really emerging, almost unstoppable — all the battery metals,” Giorgetta told Proactive Investors last week.

“Production is going to come up, probably the prices — some of them will go up — although lithium has moved quite a bit already.”

The Diggers chairman acknowledged the current state of play for nickel and expressed his amazement at the price of shining star cobalt.

“Nickel hasn’t really reacted as much as it should but I think it will,” he said.

“Cobalt, well I think it’s still early, and everyone is looking for it, but cobalt is almost a precious metal at a price of $80,000, which is quite remarkable.”

Battery Minerals managing director David Flanagan

Monday battery mineral plays

Battery Minerals Ltd (ASX:BAT) (FRA:0FS) and its charismatic managing director David Flanagan will open battery metals proceedings with a 2.30pm session today half an hour before afternoon tea.

Flanagan also spoke to Proactive Investors last week and acknowledged shocks in the markets for miners and predicted the mining sector would be 15-20% better off in the next 12 months.

“We’re seeing underinvestment generally in infrastructure and exploration and new project development and, as soon as it’s given a chance the market realises, it’s going to be short in a whole bunch of strategic commodities,” he said.

READ: Diggers and Dealers chairman expects ‘buoyant’ forum

Battery Minerals upped its Elephant graphite resource by 14% last month at its Montepuez project in Mozambique.

The upcoming stage I 50,000 tonnes a year graphite flake project has a 20-year project life tipped to grow to about 100,000tpa with project stage II.

Flanagan told Proactive Investors: “Over the next five months we will complete construction of a 100-man camp, which is only about four weeks away.

“We’re going to complete all earthworks and civils in preparation for assembly of a processing facility and we’re going to have completed the tailings dam construction and all the associated roads and we’ll have installed power.”

Flanagan said the company was also completing a feasibility study for a second project in Mozambique, the Balama Central Graphite Project.

Speaking broadly, he said: “We’ve got exploration ongoing and we’ve also got some test work ongoing on downstream processing.

“The business is advancing (the Montepuez) construction project and will also be completing financing of that project.

“It’s not completely financed yet, we’ll complete that hopefully over the next six months and then on the back of that we’ll complete construction next year and then be exporting into hopefully a raging graphite market in early 2020.”

The company has been working on debt financing for the remainder of its Montepuez development costs and completed a $20 million capital raising in the June quarter.

It held $19 million cash on hand on July 20.

READ: Battery Minerals Ltd ups elephant graphite deposit by 14% at Mozambican Montepuez Project

A lithium ion battery

Tuesday battery mineral plays

Western Areas Ltd (ASX:WSA) (FRA:FX9) (OTCMKTS:WNARF) will take the stage on Tuesday at 12.25pm, just before lunch.

The nickel producer and base metals developer’s managing director and CEO Dan Lougher will deliver a presentation

Western Areas has experienced share price volatility with its exposure to nickel price fluctuations.

The company is in a joint venture with smaller play St George Mining Ltd (ASX:SGQ) which started drilling new massive sulphide nickel-copper targets at the Mt Alexander project last month.

The project is in the northeast of the Goldfields, home to the Diggers annual forum, and St George owns 75% while Western Areas retains 25% non-contributing interest until a decision to mine.

READ: St George Mining has drill bit spinning at new Mt Alexander massive sulphide nickel-copper targets

Mincor Resources NL (FRA:MV3) (FRA:MV3) managing director Peter Muccilli will then take the stage at 1.5pm after lunch.

Muccilli will deliver a talk titled Dawn of a New Nickel Era, a Powerpoint presentation the company has shared with the market this morning.

Mincor’s MD will highlight the “dominant” land position the company holds in the nickel-gold mining district of Kambalda, southeast of Kalgoorlie-Boulder in the Goldfields.

The miner, developer and explorer’s high-grade resources include 3.3 million tonnes at 3.6% nickel.

Mincor was holding $14.3 million cash on June 30.

READ: ABC Bullion global manager predicts upcoming gold price movements ahead of Diggers and Dealers Mining Forum

A number of companies are cooking up cobalt

Pilbara Minerals Ltd (ASX:PLS) (FRA:PLR) (OTCMKTS:PILBF) managing director and CEO Ken Brinsden will take the stage in Tuesday’s second-last presentation on the back of recent excitement for the company.

On Friday it revealed its definitive feasibility study (DFS) for stage II of its Pilgangoora Lithium-Tantalum Project in Western Australia had confirmed robust economics for the 5 million tonnes a year expansion of its capacity.

The DFS depicted a robust, high-margin operation with an initial 17-year mine life with life-of-mine revenue forecast of $12.2 billion and life-of-mine earnings before interest, tax, depreciation and amortisation of $6.3 billion.

The company’s February deal with proposed joint venture partner POSCO included agreement for the South Korean conglomerate to make an immediate $79.6 million equity investment in Pilbara Minerals.

READ: Pilbara Minerals confirms potential for major expansion of Pilgangoora Lithium Project

Independence Group NL’s (ASX:IGO) (FRA:IDZ) (OTCMKTS:IPGDF) managing director and CEO Peter Bradford will deliver the final presentation on Tuesday at 5pm ahead of the The Kal Tire Mining Traditional Bash in the sponsors marquee.

The high-profile Flinders Range company revealed last month it had upgraded its resource, with 96% of its nickel now in the measured category.

Independence’s total contained metal resource is 300,000 tonnes nickel, 109,000 tonnes copper, 9,000 tonnes cobalt and 2.2 million ounces gold at its operations.

The company is focused on its projects in Western Australia - the world-class wholly-owned Nova nickel-copper-cobalt operation and its Tropicana Gold Mine, which it owns a 30% stake in with a joint venture with Diggers company presentations opener AngloGold Ashanti Ltd (NYSE:AU) (JSE:ANG) (ASX:AGG).

The company achieved a 23% June quarter increase in nickel production at Nova, an operation it showed early Diggers arrivals at the weekend.

READ: Independence Group reveals upgraded resource with 96% nickel in measured category

Wednesday battery mineral plays

Global Geoscience Limited (ASX:GSC) (FRA:4G1) managing director Bernard Rowe will open battery minerals presentations at 9.45 just before morning tea, on the back of encouraging news released on Friday.

The company shared its pre-feasibility study for the Rhyolite Ridge Lithium-Boron Project in Nevada, in the US, finding the project could support 30 years of mining.

Global Geoscience also reported higher cash flow could be achieved in the earlier years by targeting higher grade lithium mineralisation at the North American project.

READ: Global Geoscience’s PFS confirms Nevada lithium-boron resource can support a 30-year mine life

Collerina Cobalt Ltd (ASX:CLL) technical director Rimas Kairaitas will conclude battery metals proceedings at 10.55am with a presentation on the company and shining star cobalt.

The company unveiled encouraging assays from a 1,668-metre field campaign in New South, finding high-cobalt tenor nickel-cobalt laterite mineralisation beneath shallow cover.

Among its highlight assays were: 32 metres at 0.26% cobalt, 0.52% nickel, 5.9% aluminium and 96 ppm scandium, including 6 metres at 0.69% cobalt, 0.73% nickel, 9.5% aluminium and 93 ppm scandium; and 11 metres at 0.27% cobalt, 0.54% nickel, 8% aluminium and 248 ppm scandium.

READ: Collerina Cobalt reveals high-grade cobalt discovery in New South Wales

Cobalt, aka Co

Diggers chairman Giorgetta will deliver the forum's final address on Wednesday before the 6.30pm The WesTrac Gala Dinner to be held in the sponsors marquee.

To view this year’s Diggers program, visit http://diggersndealers.com.au/#programme.

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