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Coffee with Samso: Orpheus Minerals on nuclear energy - uranium as a cleaner energy source

Published: 14:00 18 Nov 2022 AEDT

Samso - Coffee with Samso: Orpheus Minerals Ltd on nuclear energy - uranium as a cleaner energy source
Samso chats with Orpheus Minerals managing director Simon Mitchell.

Coffee with Samso Episode 161 is all about uranium. Orpheus Minerals Ltd is currently completing its initial public offer which closes on the 25th November 2022.

Download Prospectus: www.orpheusminerals.com.au/IPO

Closure date of the offer: 5PM AEST Friday 25 November 2022

Simon Mitchell, the managing director of Orpheus Minerals shares his thoughts on a sector that rarely makes an appearance in recent media coverage. Simon has extensive experience in the uranium sector and he gives a great summary of why Orpheus is on a path that is now getting some attention.

Uranium has been a dirty word for a while and the last major market interest in it was as far back as 2006. There was some interest a couple of years back, but that was very short-lived.

In this episode, we focused on the Orpheus projects and what the market sentiments will be for uranium. We had a discussion of the two major styles of uranium geology.

This is a great episode for new investors to get some sort of an understanding on the roll-front and unconformity-style uranium deposits.

Listen to Simon here

We also talked about the market and why the future for uranium looks bright. Orpheus has also selected projects in two Australian states that have good uranium mining policies.

Those that are looking for exposure in this sector should take a good look at Orpheus Minerals as they have two of the main points I always look for in a company i.e. a good project, and an even better management.

Check out the management team and you will find that there is a great wealth of experience in the uranium space. This is very rare. There are not many uranium exploration companies that have a staple of uranium experience like Orpheus Minerals Limited.

The key to the uranium industry, from an investor's point of view is the global wave of acceptance to build more nuclear reactors. According to Simon, this has already happened. This gives me the greatest confidence that the investor's position is near.

Do Your Own Research but don't let this slip.

Chapters

00:00 Start

00:20 Introduction

01:23 Introduction to Simon Mitchell.

02:38 Why Australia for Uranium?

03:37 Australian Uranium Province.

05:47 The Orpheus Paleo-Channel Projects.

06:15 The Orpheus Northern Territory Projects.

06:43 The Frome Project.

07:53 The Two Major Styles of Uranium Geology.

08:56 The Paleo-Channel / Roll-Front Uranium Style.

10:51 Do Paleo-Channel Uranium Projects occur together?

12:53 The Cooking Pot - Mineral System of Uranium Mineralisation.

13:56 Phosphate as a Uranium Pathfinder Mineral.

15:17 The Unconformity Uranium Geology.

20:08 Geological Unconformity Explained.

21:06 The Covid Unconformity Example.

21:25 Why is Uranium going to be in Focus?

26:33 Where is the Uranium Discussion Now?

27:44 What's the Global Nuclear Point of View?

32:34 What is the progress of Nuclear Safety?

34:46 Great Advancement of Safety in the Nuclear sector.

37:09 The Orpheus IPO Progress.

38:04 Key takeaway from Simon Mitchell.

38:39 Key management of Orpheus Minerals Limited.

40:26 Conclusion

Simon Mitchell

Managing Director

BSC (HONS) GEOL, GRAD.DIP. APPLIED FINANCE, MAUSIMM, GAICD, MSEG

Simon Mitchell was appointed Managing Director of Orpheus on 1 November 2021. Mr. Mitchell is a geologist and corporate executive with 31 years of resources industry experience in both technical and finance roles. From 2015 to 2021, Mr Mitchell was CEO and Managing Director of Southern Gold Limited, an ASX listed gold exploration company with a focus on Australia and South Korea.

Mr Mitchell was General Manager of Business Development with ASX listed uranium exploration and mine development company Toro Energy Limited (ASX:TOE) from 2006 until 2013 where he was responsible for managing the raising of more than US$80m.

Mr Mitchell was also the lead executive for Toro in the A$280m takeover of ASX listed Nova Energy, then owner of the Lake Way-Centipede uranium project, near the town of Wiluna. Subsequent to the Nova acquisition, Mr Mitchell also negotiated a series of deals to consolidate the broader Wiluna Uranium project, doubling the resource base from 24mlb uranium oxide to more than 50mlb uranium oxide.

Prior to Toro Energy, Mr Mitchell had 10 years gold exploration and mine development experience with Normandy NFM, RGC, Goldfields and Aurora Gold in Australia, Bolivia, Chile, Papua New Guinea and Indonesia, and worked for six years at the Commonwealth Bank of Australia (ASX:CBA), predominantly in Project Finance.

Orpheus Minerals Limited

Orpheus Minerals Limited was established to explore and discover greenfield uranium deposits in South Australia and the Northern Territory at economic grade and scale. The focus is on sandstone/sediment hosted (paleochannel roll front or structurally controlled) and unconformity (hard rock) uranium deposit types as these are typically higher grade or more simply extracted.

Orpheus’s exploration focus is on the Australian jurisdictions that presently include approved and operating (or recently operating) uranium mines – South Australia and the Northern Territory. These are also the jurisdictions considered to have high prospectivity for economic uranium deposits and have the regulatory systems at both state and federal level supportive of the development of new uranium mines.

Orpheus Minerals is an Australian unlisted public company, incorporated on 21 August 2020 by its current parent company, Argonaut Resources NL (ASX:ARE) (Argonaut Resources NL (ASX:ARE)) (Argonaut).

Following a strategic review by Argonaut of its assets, Argonaut decided to demerge its uranium exploration projects via the Offer, which is considered to be a partial, non-standard spin-out. Argonaut shareholder approval for the demerger for the purposes of ASX Listing Rule 11.4 was received on 30 September, 2022.

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For further information about Coffee with Samso and Rooster Talks visit: www.samso.com.au

About Samso

Samso is a renowned resource among the investment community for keen market analysis and insights into the companies and business trends that matter.

Investors seek out Samso for knowledgeable evaluations of current industry developments across a variety of business sectors and considered forecasts of future performances.

With a compelling format of relaxed online video interviews, Samso provides clear answers to questions they may not have the opportunity to ask and lays out the big picture to help them complete their investment research.

And in doing so, Samso also enables companies featured in interviews to build valuable engagement with their investment communities and customers.

Headed by industry veteran Noel Ong and based in Perth, Western Australia, Samso’s Coffee with Samso and Rooster Talk interviews both feature friendly conversations with business figures that give insights into Australian Stock Exchange (ASX) companies, related concepts and industry trends.

Noel Ong is a geologist with nearly 30 years of industry experience and a strong background in capital markets, corporate finance and the mineral resource sector. He was founder and managing director of ASX-listed company Siburan Resources Limited from 2009-2017 and has also been involved in several other ASX listings, providing advice, procuring projects and helping to raise capital.

He brings all this experience and expertise to the Samso interviews, where his engaging conversation style creates a relaxed dialogue, revealing insights that can pique investor interest.

Noel Ong travels across Australia to record the interviews, only requiring a coffee shop environment where they can be set up. The interviews are posted on Samso’s website and podcasts, YouTube and other relevant online environments where they can be shared among investment communities.

Samso also has a track record of developing successful business concepts in the Australasia region and provides bespoke research and counsel to businesses seeking to raise capital and procuring projects for ASX listings.

Disclaimer

The information contained in this article is the writer’s personal opinion and is provided for information only and is not intended to or nor will it create/induce the creation of any binding legal relations. Read full disclaimer.

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