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ASX:CRL

Comet Resources Ltd

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Market:
ASX
Market Cap:
$8.03 m
Price
0.02 AUD
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Comet Resources have a proven track record in delivering value to shareholders through a long running program of various exploration and mining activities.

The Santa Teresa Gold Project

The Santa Teresa Gold Project lies immediately to the south of the town of El Alamo. Access to El Alamo is gained via Mexico Federal Highway 3 southeast from Ensenada to Ojos Negros then, west to El Alamo, a distance of about 75 kilometres.

The Project lies between 1,100 metres and 1,200 metres above sea level characterized by gently rolling hills. The climate is dry seasonal arid to semi-arid, with long, warm summers and cool winters. Annual rainfall averages 30 centimetres. Electrical power lines are available approximately 10 kilometres from the Project.

(click here for more information on this project)


The Barraba Copper Project

The Barraba Copper Project is comprised of a 2,375ha exploration license that covers the project area, EL8492, is located near the town of Barraba, approximately 550km north of Sydney.

It sits along the Peel Fault line and encompasses the historic Gulf Creek and Murchison copper mines. The region is known to host VMS style mineralisation containing copper, zinc, lead and precious metals.

Historical workings at Gulf Creek produced high-grade copper and zinc for a short period around the turn of the 19th century, and this area will form a key part of the initial exploration focus.


The High-Grade Springdale Graphite Project

The 100% owned high-grade Springdale Graphite Project is located approximately 30 kilometres east of Hopetoun in south Western Australia. The Project is situated on freehold land, with good access to infrastructure being within 150 kilometres of the port at Esperance via sealed roads. There is grid power and piped gas accessible at the site.

The tenements lie within the deformed southern margin of the Yilgarn Craton and constitute part of the Albany-Fraser Orogen. Comet owns 100% of the two tenement’s (E74/562 and E74/612) that make up Springdale project.

(click here for more information on this project)


Last updated 15th June 2020

Matthew O'Kane
Managing Director
BEcon & Fin, MBA, CPA

Matthew O'Kane has over 25 years of finance experience in the mining, commodities and automotive sectors. Matthew has held senior executive roles across a range of private and public companies in Australia, USA and Asia. He also spent nine years in Asia, gaining a wealth of experience and contacts in the region over a wide range of commodities from producing companies to exploration and development plays, as well as commodities trading.

Matthew has experience in internal and external financial reporting, forecasting and analysis, long-range planning, internal control and corporate governance, and productive negotiations. Matthew O'Kane has a Bachelor of Economics and Finance, and an MBA, from the Royal Melbourne Institute of Technology.


Alex Molyneux
Non-executive Director
Bachelor of Economics - Monash University

Mr Molyneux is an experienced metals and mining industry executive and financier. He is currently CEO of Galena Mining Limited (ASX: G1A), which just over two weeks ago announced a $90 million project equity investment from Toho Zinc of Japan, for a 40% ownership interest it’s Abra Base Metals Project. Prior to Galena, Mr Molyneux completed three-years as CEO of Paladin Energy Ltd. (ASX: PDN), one of the world’s largest uranium companies, where he completed a US$700M successful recapitalisation including raising US$115m in new capital and a re-listing of the company on the ASX. Prior to Paladin Energy, Mr Molyneux spent approximately five-years with Ivanhoe Mines Group and Ivanhoe Energy in various leadership capacities.

Mr Molyneux is well known for his breadth of experience in the mining industry and serves on a number of public company boards, including: Galena Mining Limited. (ASX: G1A), Argosy Minerals Ltd. (ASX: AGY), Metalla Royalty & Streaming Ltd. (TSX-V: MTA), Tempus Resources Ltd. (ASX: TMR) and Azarga Metals Corp. (TSX-V: AZR). Prior to his mining industry executive and director roles, Mr Molyneux was Managing Director, Head of Metals and Mining Investment Banking, Asia Pacific for Citigroup. As a specialist resources investment banker, he spent approximately 10-years providing investment banking services to natural resources companies. Mr Molyneux holds a Bachelor Degree in Economics from Monash University.


Hamish Halliday
Non-Executive Director
BSc (Geology)

Profession Associations: MAusIMM

Mr Halliday founded Adamus Resources Limited and grew that Company to a multi-million ounce emerging gold producer. Mr Halliday also co-founded Gryphon Minerals Limited and Venture Minerals Ltd, both highly successful junior explorers.

Mr Halliday is a Director of Blackstone Minerals Ltd, Alicanto Minerals Ltd and Venture Minerals Ltd. He resigned from Renaissance Minerals Limited on 26 September 2016.

No other Directorships in listed companies in the last three years.

Director since 2014.


David Prentice
Non-executive Director
MBA - Deakin University

Mr Prentice is a senior resources executive with 25 plus years domestic and international experience. David started his career working in commercial and business development roles within the resources sector working for some of Australia's most successful gold and nickel exploration and mining companies. During the last 12 years, David has gained international oil and gas exploration and production sector experience (with a specific focus on the Mid-Continent region of the United States) working in both executive and non-executive director roles with Australian publicly traded companies. David is the Managing Director of Brookside Energy Limited, Chairman of Lustrum Minerals Limited and a non-executive director of Black Mesa Production, LLC and Comet Resources Limited. 


Sonu Cheema - CPA
Company Secretary
B-Comm

Profession Associations:
CPA

Mr Cheema holds the position of Accountant and Company Secretary for Comet Resources Limited with over 10 years' experience working with public and private companies in Australia and abroad.

 

Last updated 15th June 2020

Suite 9, 330 Churchill Avenue
Subiaco WA 6008

Phone: +61(8) 6489 1600
Email: [email protected]


Last updated 15th June 2020

DIRECTORS

M O'KANE (Managing Director) 
A MOLYNEUX
H HALLIDAY
D PRENTICE

COMPANY SECRETARY

S Cheema


REGISTERED OFFICE

Suite 9, 330 Churchill Avenue
Subiaco Perth WA 6008

Telephone: 61 8 6489 1600
Email: [email protected]


AUDITORS

Stantons International
Level 2, 1 Walker Avenue
WEST PERTH WA 6005


SHARE REGISTRY

Advanced Share Registry Services Pty Ltd
150 Stirling Highway
NEDLANDS WA 6009

Telephone: 61 8 9389 8033
Facsimile: 61 8 9389 7871


SECURITIES EXCHANGE LISTING

The Company is listed on the Australian Securities Exchange Limited

Home Exchange: Perth
ASX Code: CRL - fully paid shares


Last updated 25th November 2019