Ausmex Mining Group Ltd (ASX:AMG)

Ausmex Mining Group Ltd (ASX:AMG)


Share Price
$ 0.12
Change
0 (0.00 %)
Market Cap
$55.18 m
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Ausmex Mining Group Ltd

Ausmex Mining Group Ltd (ASX:AMG) is listed on the Australian Securities Exchange.

EPIC: AMG
Market: ASX:AMG
52-week High/Low: A$0.172 / A$0.032
Sector: Mining
Market Cap: $55.18 m
Website: www.ausmexgroup.com.au
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Big Picture – A Deep Dive Examination of Ausmex Mining Group Ltd


Ausmex Mining Group Ltd Snapshot

Ausmex Mining Group Ltd (ASX:AMG) is a company assembled by experienced, exceedingly well-qualified and all rounded team members. With team members that have previously floated exploration companies which achieved major resource discoveries and success.

Queensland

Evening Star IOCG/ Oxide Project

The Evening Star Project is located 39 km southeast of Cloncurry and consists of three granted mining leases that lie adjacent to the Mt Freda gold deposit comprised of mining lease ML2742, North ML2763, and ML2750 (total area 21ha). A 20 hole RC programme drilled 160m of the potential 600m strike length by former tenement holder DMR. There is potential to delineate further mineralisation both down dip and along strike as the Evening Star deposit is open in all direction both down dip and along strike as the Evening Star deposit is open in all directions although it does thin at surface. The target has IOCG potential or as near surface oxide material to feed a heap leach or other processing operation.

QMN in its 2008 prospectus included an independent geologist’s report (Australian Geoscientists- author Neil Stuart) which stated: “The northern end of the Evening Star mine was worked on a small scale in the 1880s. The first reference to modern exploration was by Broken Hill Proprietary  Ltd which in the 1970s drilled two holes immediately south of the Evening Star open cut. Information about this drilling is sketchy and no records have been sighted. During the early 1980s, and about 1,000 tonnes of ore averaging 4.3% Cu was mined and sold to Mt Isa Mines before DMR bought the Evening Star project in 1987. DMR later mined 380.84 tonnes of oxide ore averaging 3.9% Cu and 0.96 g/t Au that was sold to Mt Isa Mines.”


South Australia

Burra Projects

The Company holds a beneficial interest in 15 Exploration Licences in South Australian in the Burra region, approx. 160 kms northeast of Adelaide.

Ausmex entered into an initial partnership with University of Adelaide’s (UoA’s) Institute of Mineral & Energy Resources (IMER) to review the geological setting, mineralisation styles and exploration history of the Burra region and that report has been received.

As a result of that report it was evident that all future discoveries around Burra will involve deposits that are non-outcropping or under “cover”.

Ausmex’s further investigation of the area identified a deep conductive structure that had been detected by the AusLAMP Survey as further outlined below, and then developed in concert with UoA’s  a world’s first exploration methodology for the Ausmex controlled tenements via a Magnetotelluric  (MT) grid survey over the large conductive structure “hot spot” below Burra, SA.

The company has made great progress with our Burra initiatives during the period of this report.

We floated with EL5881 in Burra, being approx. 990 sq. kms (4/112016) which was independently valued in the float at $2.6 million.


(click here for more information on this project)

 


Last updated 29th April 2019

Mr. (Joseph) Yosse Goldberg
Chairman

Mr. Goldberg has a successful international career in Property Development in the UK, Spain, USA and Canada. Mr. Goldberg has also been a consultant and major shareholder in a number of companies and helped companies create a foothold in countries such as PNG, Indonesia, Cameroon, South Africa and Turkey. Mr Goldberg has also consulted to Sydney Gas Limited, Blue Energy Limited, Kimberley Diamond Company NL, Sundance Resources Limited, CuDeco Limited, Gindalbie Metals Ltd about resource projects such as iron ore, oil and gas bed methane and copper. Recently Mr Goldberg has been engaged in establishing a major thermal, cooking oil and gas project in Indonesia requiring major infrastructure and financing.

Mr. Goldberg is currently a Non Executive Director of ASX Listed Company South Pacific Resources (ASX:SPB).


Dr Andrew Firek

Dr Firek holds a M.Sc. and a Ph.D and is a Fellow of the Australian Institute of Mining and Metallurgy and the Australian Institute of Energy. He has been involved in the minerals exploration, mining and processing industry at operational and executive levels for over 25 years.

He worked in Europe and Africa as a United Nations expert in fossil fuels, mineral processing and energy generation. He was a Group Leader at the CSIRO, Division of Fossil Fuels in Sydney and was engaged in developing technologies to produce liquid fuels from coal. He was a Project Director at Memtec Ltd, following which he joined Pancontinental Mining Ltd where he was a Research and Development Manager involved in substantial mineral resources projects including base and precious metals, uranium and the technology development and commissioning of a $220 million magnesia production facility near Rockhampton in Queensland. He worked on site during construction and commissioning for 12 months. He was a founding director of three ASX-listed companies and managed coal, iron ore, base and precious metals exploration, feasibility studies and financial negotiations for projects in Australia, South America and China (Inner Mongolia).

Dr Firek is the former Chief Executive and director of Coalworks Ltd taken over by Whitehaven Ltd in 2012 and a former executive director of Allegiance Mining NL and Zelos Resources NL. Currently he is a non-executive director of ASX-listed company Wollongong Coal Limited.


Mr Matthew Morgan
Managing Director

Mr Morgan holds a Bachelor of Science (Geology), is a member of the Australian Institute of Mining and Metallurgy (MAusIMM), and has over 20 years’ experience in mine geology, quality control and mining engineering, and mine management roles in coal, gold, antimony, and iron ore mining & exploration, both open-cut and underground. Mr Morgan recenty resigned as a non-executive director of ASX-listed company Gold Mountain Ltd (ASX:GMN).

His previous management experience includes open cut roles with BHP Billiton, Rio Tinto, Theiss, and Underground Mine Manager for Mandalay Resources and was previously exploration manager for Coalworks Limited prior to the 2014 takeover by Whitehaven Coal. Mr Morgan has previously worked within Australia as well as in Malaysia, Mongolia, & Papua New Guinea.


Mr Geoff Kidd
Director

Mr Kidd has over 35 years’ experience working in senior positions in and around the mining industry. He has fulfilled successful roles as Managing Director, Director, Chief Operating Officer, Operations Manager, General Manager, Engineering Manager, Project Manager and Regional Manager of mining companies or leading consultants to the mining industry.

He was previously Chief Operating Officer for Coalworks Limited prior to its takeover by Whitehaven and has worked successfully on numerous aspects of mining developments in all states of Australia and in Irian Jaya, India, New Zealand, South Africa, Zimbabwe, South America, China, and the USA.
Mr Kidd was a founding Director and Partner of Sedgman & Associates (later Sedgman Limited) and a founding Director of Mineral Control Instrumentation Pty Ltd, (later Scantech Limited) a company which commercialised CSIRO inventions for the mining industry.

He has a long background in successfully managing the risks associated with managing, studying, designing, purchasing, building, and commissioning new mines together with the expansion & optimisation of new and existing mine developments.

Mr Kidd was the inaugural Chairman of Austmine, a Federal Government initiative to export Australian mining expertise and services. He has also been a member of Australian trade delegations and he has chaired a number of mining industry professional bodies and associations.


Aaron Day
Director

Aaron Day is a Senior Geologist having been employed by Ausmex Mining Group managing the companies exploration, drilling and logistical programs in Cloncurry mineral field since early 2017. Aaron is also employed by the company as Site Senior Executive (SSE) for the Mt Freda group of mining leases and associated tenements. Aaron has consulted and been employed by a number of ASX listed and private companies in Australia. His duties have included designing and managing exploration and drilling programs, cadastral, environmental, health and safety, machinery and construction, site services and geophysical surveys and programs. With Aaron joining the Board and being a full time resident of Concurry, will allow the company to have a director on a full time basis solely for managing the Companies tenements and assets in the Cloncurry region. Aaron commences his role as a non-executive directors on 1st July 2017.


Nicole Galloway Warland
Project Manager Burra Region SA
B.Sc. Geo (Hons), MAIG, FGAA

Nicole is a geologist with over 25 years’ experience in the mining and exploration industry in Australia, Eastern Europe and South America. Her experience spans from exploration through project evaluation to open cut and underground mining; with a commodity focus in gold, copper-gold, base metals and uranium. Over the last 10 years she has been based in South Australia, exploring in the Adelaide Geosyncline, Gawler Craton and Musgrave Province.

She has a Bachelor of Science (Honours) Degree from the University of Technology, Sydney and is a member of the Australian Institute of Geoscientists (AIG), and Fellow of the Gemmological Association of Australia (FGAA).


Matt Suttling
Chief Financial Officer

Mr Suttling formerly of BDO Accountants, is a Chartered Accountant in Public Practice. He has practiced in the corporate mining and commercial sectors for many years including management accounting,  IPOs, financial modelling and resource related work.


Mientze Tang
Company Secretary

Ms Tang has been involved as an executive, company secretary and commercial manager with a listed resource and private equity group specialising in mining, capital-raising and IPOs. Ms Tang has practiced as a solicitor in large and boutique legal firms in funds management, commercial, corporate and capital raising/ IPOs. She was also an in-house corporate lawyer with a large financial services company.

 


Last updated 29th April 2019

ACN 148 860 299

Level 14, 309 Kent Street, Sydney NSW 2000
Phone: 61 2 9248 0104
Fax: 61 2 9994 8008
Email: [email protected]

DIRECTORS

Joseph (Yosse) Goldberg
Non-Executive Director and Chairperson

Matthew Morgan
Executive Director

Andrew Firek
Non-Executive Director

Geoff Kidd
Non-Executive Director

Mientze Tang
Company Secretary


REGISTERED OFFICE AND PRINCIPAL PLACE OF BUSINESS

Level 13/50 Carrington Street
Sydney NSW 2000

Telephone: +61 2 8315 3268
Facsimile : +61 2 9999 1518
Email: [email protected]
Website: www.ausmexgroup.com.au


AUDITOR

HLB Mann Judd
Level 4, 130 Stirling Street
PERTH WA 6000


BANKER

Commonwealth Bank
48 Martin Place
Sydney NSW 2000


SOLICITORS

Australia

Theunissen Trollip
Level 25, Aurora Place
88 Phillip Street
Sydney NSW 2000

In Mongolia

Lehman Law Mongolia LLP
Marco Polo Place

Suite 3-4
Jamiyan Gunii Street 5/3
Sukhbaatar District-1
Ulaanbaatar 14240
MONGOLIA


SHARE REGISTRY

Automic
Level 5, 126 Phillip Street
Sydney NSW 2000


All securityholder correspondence to:

GPO Box 5193
Sydney NSW 2000


Contact:

P: 1300 288 664 (within Australia)
P: +61 (0) 2 9698 5414
www.automic.com.au


SECURITIES EXCHANGE

ASX Limited
Level 40, Central Park
152-158 St George’s Terrace
Perth WA 6000

ASX Code: AMG

 


Last updated 29th April 2019

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