Matador Mining Ltd

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Matador Mining Ltd is developing a near term high-grade open pit gold operation in a tier one jurisdiction.



The Project is in the south-western area of Newfoundland, Canada. The Project is about 25 km northeast of the coastal town of Port aux Basques and is located on the Cape Ray shear, one of the most prospective, yet under explored gold regions in North America. The Company is the largest holder of ground along the Cape Ray shear, with approximately 120km of continuous strike along the shear.  The Company’s tenement boundary is located approximately 50km along strike from Marathon Gold’s (MOZ.TSX) 4.2Moz Valentine Lake Gold Project.

The Projects hosts a current resource of approximately 840koz at 2g/t, with 96% of the resource less than 200m from surface.  The Project is supported by excellent  existing infrastructure including roads (15km from site), water, skilled workforce (drive in drive out) as well as workforce as well as World class, low cost grid power access (6c/KwH).

The Company released a positive Scoping Study in 2020 proposed a 1.2 Mtpa standalone mining and processing operation, the Scoping Study has demonstrated potentially strong financial metrics for the Cape Ray Gold Project.  The preliminary economics indicate the Project has positive financial metrics over an initial mine life of 7 years with capital payback during the first 1.75 years of the Project’s life

(click here for more information on this project)

Last updated 26th February 2021

Ian Murray
Executive Chairman

Mr Murray is a Chartered Accountant, a Member of Australian Institute of Company Directors, and holds an Executive degree in Advanced Management & Leadership from the University of Oxford, Saïd Business School. With over 25 years’ mining industry experience in senior leadership positions, including the position of Executive Chairman and Managing Director of Gold Road Resources Ltd (ASX: GOR) and DRDGold Ltd (NYSE & JSE: DRD), he has also held executive positions with international ‘Big Four’ accounting firms. 

Mr Murray brings a wealth of financial, corporate, project development and operational experience to the Board and most recently led Gold Road as it transitioned from explorer to large scale gold producer. Mr Murray has been the recipient of many awards during his leadership of Gold Road, including the Gavin Thomas award for leadership, the Diggers and Dealers Deal of the year award in 2017, after winning the best emerging company award in 2011 as well as the CEO of the year award from CEO Magazine.

Dr Nicole Adshead-Bell
Non-Executive Director

Dr Adshead-Bell is an experienced mining executive and non-executive director with a successful career spanning over 24 years. She was most recently the CEO and Managing Director of Beadell Resources Ltd, an ASX-listed company prior to its acquisition by TSX/NYSE American listed Great Panther Mining Ltd in March 2019.

Prior to this, Dr Adshead-Bell was Director of Mining Research at Sun Valley Gold LLC, a global precious metals fund and Managing Director, Investment Banking at Haywood Securities Inc. In addition to her position at Matador, Dr Adshead-Bell is President of Cupel Advisory Corporation, a company she established to focus on investments in the natural resource sector and provide strategic advisory, due diligence and research services to issuers and natural resource equity and debt funds. She is also a non-executive director of Altius Minerals Corp. (TSX), a diversified royalty company based in St John, Newfoundland, Canada.

Dr Adshead-Bell holds a Ph.D., Structural/Economic Geology and a Class 1 Honours Degree in Structural Geology, both from James Cook University, Queensland, Australia.

Justin Osborne
Non-Executive Director

Justin has over 30 years’ experience as an exploration geologist and is a fellow of the Australasian Institute of Mining and Metallurgy and holds a Bachelor of Science, Honours (First Class) from La Trobe University of Victoria.

In addition to his role at Matador, Justin is an Executive Director at Gold Road Resources (GOR.ASX) and played a pivotal role in the rapid and effective resource development of the world class Gruyere Gold Deposit (6.6Moz Au) which currently producers approximately 300,000oz Au per annum.

Mr Osborne has also previously held senior positions on the exploration executive team of Gold Fields Ltd, including Vice President Development Strategy – Growth and International Projects, and General Manager Near Mine Exploration covering all international mining operations. He played an instrumental role in the development of the Damang Superpit project in Ghana, which yielded potential resources in excess of 6 Moz within two years, and had considerable discovery success as Mineral Resource Manager at the St Ives Gold Mine, making the discoveries of the Athena and Hamlet deposits among other significant Reserve additions.

Mick Wilkes
Non-Executive Director

Mr Wilkes is a highly experienced mining executive, with a successful career spanning over 35 years. He was most recently the CEO and President of dual listed (ASX/TSX) OceanaGold, where he served for a decade, prior to leaving from the position during early 2020.  During his time at OceanaGold, Mr Wilkes transformed the company from a junior gold producer in New Zealand to a multinational mid-tier gold producer with a market capitailsiation of $2 billion when he departed. Under Mr Wilkes’ watch OceanaGold acquired and successfully developed the 3 million ounce Haile Gold Mine in South Carolina, USA.  Mr Wilkes holds a bachelor’s degree in mining engineering from the University of Queensland and an MBA from Deakin University.

Last updated 26th February 2021

Registered Office

PO Box 749
West Perth WA 6872

Emerald House
1202 Hay Street
West Perth WA 6005

Phone: +61 8 6117 0478
Email: info@matador-mining.local