Samso Insight Episode 103 is on the current critical and essential minerals debate and what this means for investors, communities and Australia.
There are many narratives on what this drive for electrification means for investors. We can all agree that there are no doubts on the demand for critical and essential minerals, but how could this demand spur the next resource bull run?
In this episode of Samso Insights, we are talking to Lightning Minerals Ltd (ASX:L1M) and Taiton Resources Ltd (ASX:T88) about their respective IPOs which were live at the time of the recording.
This is a brief insight into the people who are running the companies and what is motivating them to be in this space. Alex Biggs and Noel Ong are experienced members of the mineral exploration sector having been in the same positions not long ago.
Alex was on the board of Critical Resources Limited (ASX CRR) before leaving to take over the helm of Lightning Minerals Limited (ASX: L1M). He shares with us the projects and the strategy of the company. In a time when critical metal stories are in demand, it is not a bad idea to keep an eye on what Alex is doing now.
The Taiton Resources story is one that is all about the search for Essential Minerals. The company is going to the IPO with the view that they have found a mineral province that has primarily been overlooked. The mineral province has had historical work showing some very important points, a shallow cover to basement, mineralisation within geophysical targets and CSIRO data indicating an area of hydrothermal activity that is consistent with mineral production.
Take time to watch this episode which showcases two companies that are in the Critical and Essential mineral space and a thorough discussion of why this industry is value adding to the community and Australia.
Chapters:
00:00 Start
00:20 Introduction
01:09 What is happening with Lightning Minerals Limited ?
02:54 The critical mineral space.
03:49 About Taiton Resources Limited.
06:53 Gold prospect.
09:43 Is the gold prospect a potential to a fast track cash flow?
12:07 Lightning Minerals board: Dr Karen Lloyd.
16:44 Recent development in downstream processing.
18:22 Importance of the mining industry in Australia.
27:55 Comments on people resources.
31:27 The vision for Taiton Resources.
33:20 The vision for Lightning Minerals.
34:30 Conclusion
PODCAST
About Alex Biggs
CEO - Lightning Minerals Ltd
Mr Biggs is a qualified Mining Engineer and Mechanical Engineer. He has over 20 years’ experience in the engineering and mining sectors including corporate, operations, consulting and finance, including capital raising, both equity and debt as well as deal structuring and significant commercial expertise.
Mr Biggs is currently a Non-Executive Director at Metals Australia (ASX) and previously Managing Director of Critical Resources (ASX). He has held management and operational positions at Venturex Resources, Palisade Capital Corporation, Barrick Gold as well as Principal level positions in consultancy and advisory capacities.
Mr Biggs is a Member of the Australian Institute of Mining and Metallurgy and a graduate of the Western Australian School of Mines.
About Lightning Minerals Limited
Exposure to the high value and high demand critical minerals commodity markets.
- Four project areas in Western Australia
- Battery minerals focus including Lithium, Nickel, Cobalt, Copper and PGEs
- Clear exploration strategy focused on Lithium and battery minerals
- Principal focus on Dundas licences – Next to Liontown Resources (ASX:LTR)’ Buldania project
About Noel Ong
Managing Director - Taiton Resources Ltd
Noel Ong is a geologist with over 30 years of experience in the resource industry. He has extensive mineral exploration and project management experience in the gold, lithium, iron ore (hematite and magnetite), tantalum and the diamond industry.
Since 1992, Noel has worked predominantly in the goldfields of Western Australia, Pilbara iron ore fields and the Northern Territory. He has worked with Ashton Mining, Great Central Mines, and held management roles with API Management, Galaxy Resources, Citic Pacific Mining and Silver Lake Resources. Noel is a member of the AusIMM and the Australian Institute of Geoscientists.
About Taiton Resources Ltd (ASX:T88)
The company is an early-stage mineral exploration focussed on discovering large scale mineral deposits in South Australia and Western Australia.
The company has assembled a portfolio of projects across both South Australia and Western Australia.
On Admission, the Company's projects will comprise the following:
(a) Highway Project, located in South Australia, (b) Lake Barlee Project, located in Western Australia; and (c) Challenger West Project, located in South Australia;
The projects have a range of exploration activities planned. The company will be undergoing a series of grassroots exploration and also several walk-up drilling targets.
While the Company has developed and designed programs to undertake exploration activities on each of the Projects, it will also pursue and assess other new business opportunities in the resources sector over time which complement its business.
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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.