THURSDAY 29TH APRIL 2021
09.40 – 17.30 AEST
Virtual Gold Conference
PROTECT & GROW YOUR WEALTH
Risks and Opportunities in a money printing world
Grant Williams gives his view on central banks flooding the world with monetary stimulus and how investors can navigate the current challenging markets.
Does gold play a part and if so what should investors be looking at?
Vulpes is designed to replicate a family office structure and enable outside co-investment in a range of strategies that seek to produce real capital appreciation and/or income by concentrating on a small number of compelling investment opportunities. Our own capital anchors all investments facilitating pure alignment with outside investors
Much to his chagrin, Grant Williams has spent the last 35 years in finance.
Over that period, he has held senior positions at a number of investment banks and brokers including Robert Fleming, UBS, Banc of America and Credit Suisse in locations as diverse as London, Tokyo, New York, Hong Kong, Sydney and Singapore.Grant’s website www.grant-williams.com is home to The Grant Williams Podcast and Things That Make You Go Hmmm…, his monthly newsletter which, from humble beginnings in 2009, has grown to become one of the most popular and widely-read financial publications in the world.Grant is a senior advisor to Vulpes Investment Management in Singapore, an advisor to Matterhorn Asset Management in Switzerland and also one of the founders of Real Vision—an online, on-demand TV channel featuring in-depth interviews with the brightest minds in finance.A regular speaker at investment conferences across the globe, Grant blends history and humour with keen financial insight to produce unique presentations which have been enthusiastically received by audiences wherever he has travelled.
Portfolio and Strategy Advisor
ABC Bullion is Australia’s leading precious metal and gold bullion specialist. We have been trading continuously for 40 years. Since 1972, we have offered investors like you the widest range of investment-grade gold and precious metals in Australia. In fact, we are responsible for one of the cornerstones of the Australian gold trading system: the investment-grade ABC Bullion bar. We’re also trusted as the exclusive, Australian distributor for Swiss bullion maker, PAMP – the largest independent refiner in the world. Our highly experienced and expert staff can offer you assistance with all aspects of your precious metal investment, from your very first purchase, to high-security storage and insurance solutions. Whether you’re new to bullion investment or you already have an account with us, our specialist team are here to advise you throughout your transaction from start, to finish.
Janie is a director of Pallion and managing director of ABC Bullion (NSW) Pty Ltd. She has worked in the precious metals industry for over 25 years and has overseen the expansion of the ABC Bullion brand to become Australasia’s largest independent bullion distributor and a major distributor of bullion in Hong Kong. Spearheading the ABC Bullion education program, Janie has been instrumental in promoting precious metal holdings in Australian investment and superannuation portfolios. Prior to joining the precious metals industry, Janie worked as an accountant at Price Waterhouse Coopers. Janie holds a Bachelor of Economics majoring in Accounting from the University of Sydney.
Janie Simpson, CEO
Impact Minerals (ASX: IPT)
Impact Minerals Limited is a project generation and exploration company with three major projects in some of the most prospective mineralised provinces in Australia, a Tier 1 jurisdiction. Impact’s ground holdings have significant potential for the discovery of high-grade mineral deposits of the main precious and base metals: gold, silver, PGE’s, nickel, copper, zinc and lead.
Impact is one of the largest ground holders in the Broken Hill area of NSW where drilling is in progress for high grade nickel-copper-PGE’s and with significant potential for silver-lead-zinc deposits similar to the world class Broken Hill deposit itself.
The company also has a significant tenement position in the prolific copper-gold district of the Lachlan Fold Belt in central NSW. Here Impact has identified a very significant porphyry copper-gold target along trend from the recent Boda discovery (Alkane Resources Limited) which it aims to drill by the Q1 2021. In addition the company has a modest VMS deposit containing 160,000 ounces of gold equivalent and which requires follow up drilling.
Impact also recently staked a very large ground holding in the SW Yilgarn Craton, the newly emerging province for nickel-copper-PGE’s following the discovery of the Julimar deposit (Chalice Gold NL). On groundwork will commence here in 2021.
The company has a strong cash position with supportive major shareholders.
Dr Mike Jones
Mike is one of the founding Directors of Impact Minerals where he leads the company’s small team in applying first class technical expertise to their exploration programmes across Australia. Prior to starting Impact Mike worked for several consulting groups on over 80 projects both in greenfields and near mine exploration in a wide variety of mineralised terrains. He specialised in the integration of geological field mapping with the interpretation of geochemical, geophysical and remotely sensed data for target generation. He was the team leader during the discovery of a significant gold deposit at the Higginsville Mining Centre, near Kalgoorlie and an iron ore deposit near Newman, both in Western Australia during this time.
Prior to his consulting career Mike worked for the project generation team for gold and nickel at WMC Resources Limited for six years which followed on from his undergraduate and post-graduate studies in Mining and Exploration Geology at Imperial College, London. His Ph.D work on gold mineralisation saw him move to Western Australia with WMC in 1988.
Dr Mike Jones,
Megado Gold (asx:meg)
Megado Gold has five high-quality gold exploration assets covering 511km2 and one licence application covering 227km2 in Southern and Western Ethiopia with the geological potential to host gold deposits of significant scale. Ethiopia is geologically highly prospective for deposits of significant scale and contains a world-class greenstone geological terrane and hosts part of the prolific Arabian-Nubian Shield. Megado has a premium land position immediately along strike to Ethiopia’s only modern gold mines, Lega Dembi and Sakaro (+3Moz Au), covering the same fertile greenstone terrane host rocks and structural setting, in addition to an asset located proximal to Ethiopia’s next gold mine, the +1.5Moz Tulu Kapi deposit. Megado has used satellite spectral targeting technology and field testing to identify over 50 high-priority targets in its project areas. Megado has assembled a strong team with considerable Ethiopian, gold and exploration experience.
Michael holds qualifications in Commerce (Sydney), Bachelor of Science in Foreign Service from Georgetown University, Washington, DC, USA and has a Masters of Political Science from the Sorbonne University, Paris. Michael has over 18 years of international finance experience as Chief Financial Officer and Operations Financial Manager with aid and not-for-profit organisations. Michael has a deep understanding and experience in negotiating, collaborating and delivering projects in developing nations across Africa and Asia, including in Ethiopia, where he collaborated with local partners, government, and other institutions to successfully deploy over US$60 million in developing more than 6,000 charitable water projects.
Michael Gumbley, Managing Director and CEO
Mithril Resources Ltd (MTH:ASX)
Mithril Resources Ltd (MTH:ASX) is an Australian listed resources company whose objective is the creation of shareholder wealth through the discovery of mineral deposits.
Mithril acquired private Australian exploration company Sun Minerals Pty Ltd which has an exclusive Option to earn up to 100% of the high-grade Copalquin Gold Silver Project in Durango, Mexico.
The Copalquin mining district covers an entire mining district of 70km2 containing several dozen historic gold and silver mines and workings, ten of which had notable production. The district is within the Sierra Madre Gold Silver Trend which extends north-south along the western side of Mexico and hosts many world class gold and silver deposits.
Multiple mineralisation events, young intrusives thought to be system-driving heat sources, widespread alteration together with extensive surface vein exposures and dozens of historic mine workings, identify the Copalquin mining district as a major epithermal centre for Gold and Silver.
John has over 30 years experience in gold-silver mining, both in management at operations and developing projects in Australia, Republic of Georgia and Mexico. He successfully developed Ballarat East, Quartzite Gold in Georgia, and Palmarejo Silver Gold Mine in Mexico, prior to the Coeur Mining takeover and was COO of Cerro Resources prior to its takeover by Primero Mining. He has 16 years experience in Mexico. He founded Sun Minerals in 2017 and acquired the option to purchase the Copalquin Project in Mexico.
MD and CEO
Evaluating exploration company news releases, tricks of the trade.
BRENT COOK, Senior Advisor and Founder, Exploration Insights
Brent Cook founded Exploration Insights in 2008.
As a seasoned geologist, Brent’s knowledge spans all areas of the mining business, from the conceptual stage through to detailed technical and financial modeling related to mine development and production. He has worked in over 60 countries and in virtually all geological environments, analyzing and providing commentary on proposed mine sites.
Brent is an independent exploration analyst with over 30 years of experience in both property economics and geology evaluations. He received a BSc in Geology from Utah State University in 1978. During his independent consulting service, he has provided advice and analysis to several funds and companies, including Global Resource Investments, Ltd; Rick Rule, General Partner Expo 1999, 2000 Funds; AMEC (MRDI); Mount Isa Mines; Kennecott Mining; Rio Tinto Mining; Barrick Gold (Homestake); Meridian Gold Corp/Yamana; Freeport McMoran (Cyprus-Amax); and Newmont Mining (Santa Fe). From 1997 to 2002 Brent was senior mining analyst for Rick Rule at Global Resource Investments (now Sprott-Global) and General Partner Expo 1999, 2000 Funds.
Apart from sole writing, and later contributing to, the EI Newsletter, Brent has also authored Geo-Insights, an instructive compendium of excerpts and geological explanations that he hopes will be a source of education for current and potential amateur investors doing their own due diligence. The document includes chapters on geology, mineralization, resource estimates, exploration and mining tools, and metallurgy.
He also jointly developed the Drill Hole Interval Calculator with Corebox, an invaluable tool designed to provide investors with a means of estimating the grade of drill hole intervals between the “highlights” of a longer assay interval.
Brent Cook, Economic Geologist and Co-Editor
Kairos Minerals (ASX: KAI)
Kairos Minerals is a diversified exploration company which holds one of the largest and most prospective land-holdings in the emerging Pilbara gold province of Western Australia.
Kairos is at the forefront of the renaissance of investor interest in gold exploration in the Pilbara following the recent breakthrough Hemi discovery by De Grey Mining (ASX: DEG), with its land-holding offering outstanding potential for the discovery of similar intrusive-hosted gold systems.
The Company is progressing a multi-pronged exploration program in 2020 including geochemistry, geophysics and drilling programs across priority intrusive-related gold targets at Kangan and Skywell and drill testing of the large Fuego gold anomaly.
Drilling is also planned at the Mt York Gold Project, located ~100km south of Port Hedland, where Kairos owns a 873,500oz JORC Mineral Resource across three deposits. Mining studies are also underway to evaluate the best pathway to extract value from this significant asset.
has more than 25 years of experience in minerals exploration and development worldwide and has played a key role in the incubation, listing and development of numerous ASX-listed resource companies over the past two decades.
His previous management roles have included Executive Director of ASX-listed nickel, copper and gold explorer Rumble Resources (ASX: RTR); Managing Director of ASX-listed uranium explorer Cauldron Energy (ASX: CXU); and Executive Director of ASX-listed gold explorer Taipan Resources (later Intrepid Mines), which discovered the high-grade Paulsen’s Gold Deposit, now being mined by Northern Star Resources (ASX: NST).
Mr Topping has a broad contact network throughout the global resource sector as well as extensive capital markets experience, where he has been involved in numerous IPO’s, corporate transactions, capital raisings and project acquisitions and divestments.
Terry Topping, EXECUTIVE CHAIRMAN
Southern Gold (ASX: SAU)
Southern Gold Ltd is a successful gold explorer listed on the Australian Securities Exchange (under ASX ticker “SAU”).
Southern Gold owns 100% of a substantial portfolio of high-grade gold projects in South Korea that are largely greenfield epithermal gold-silver targets in the south-west of the country. Backed by a first-class technical team, including renowned geologist Douglas Kirwin, Southern Gold’s aim is to find world-class epithermal gold-silver deposits in a jurisdiction that has seen very little modern exploration.
Southern Gold is currently in a sale process for its 50% equity interest in two joint ventures with London-listed Bluebird Merchant Ventures (BMV) that is looking to reopen and redevelop the Kochang and Gubong gold projects.
Simon Mitchell is a geologist and corporate executive with 30 years of resources industry experience in technical and finance roles including 10 years gold exploration and mine development experience with Normandy NFM, RGC Exploration, Goldfields and Aurora Gold in countries as diverse as Australia, Bolivia, Chile, Papua New Guinea and Indonesia.
Additionally, Mr Mitchell worked for 12 years in banking and corporate development, predominantly in project finance and equity capital markets where he was responsible for the raising of more than US$80 million in equity capital and engaging investors worldwide. During 2013-2014 Mr Mitchell was Managing Director of Asiatic Gold Ltd, an unlisted public company with gold exploration and development projects in South Korea and Managing Director of Southern Gold Ltd since February 2015.
Simon Mitchell, Managing Director
Challenger Exploration (ASX:CEL)
Challenger Exploration’s (ASX: CEL) flagship Hualilan Gold Project has a resource of 627,000 Oz gold at 13.7 g/t which is open in all directions. Recent drilling has demonstrated this high-grade skarn mineralisation is underlain by a significant intrusion-hosted gold system with intercepts including 116m at 1.0 g/t gold. The project was locked up in a dispute for the past 15 years and as a consequence had seen no modern exploration until CEL acquired the project last year. Results from our first drilling program included 6.1m @ 34.6 g/t Au, 21.9 g/t Ag, 2.9% Zn and 6.7m @ 14.3 g/t Au, 140 g/t Ag, 7.3% Zn. This drilling intersected high-grade gold over 2 kilometers of strike and extended the known mineralisation along strike and at depth in multiple locations. CEL has started a 45,000 metre multiple rig program and our 2020 program also includes metallurgical test work of key ore types.
Our El Guayabo Project covers 35 sqkms in southern Ecuador and was last drilled by Newmont Mining in 1995 and 1997. Our first results confirm the discovery of large-scale gold system with drill hole ZK-02 returning 134m at 1.0 g/t gold and 4.1 g/t silver.
Kris started his career as an exploration geologist before moving into investment banking, initially as a mining analyst. He is an experienced listed company CEO. He led the listing of a package of copper/gold assets in Saudi Arabia to create Citadel Resources (ASX: CGG) becoming the Managing Director for the first 18 months. Citadel completed a DFS on the Jabal Sayid copper project in Saudi Arabia prior to being taken over for $1 billion.
De Grey Mining (ASX: DEG)
De Grey Mining Limited (DEG) is engaged in gold exploration and development activities in one of the world’s strongest Tier 1 mining jurisdictions. It’s 100%-owned Mallina Gold Project (MGP) is located 60km south of Port Hedland in WA.
The tenement package is prospective for gold, base metals (Zn-Ag-Pb) and lithium. Over the last four- five years, DEG has expanded the area of the MGP to cover 1,500km2 and consolidated its ownership. During that time, it has grown the Resource base ~525%, from 346koz @ 1.6g/t Au in February 2016 to 2.2Moz @ 1.8g/t Au as at April 2020. The Company has released to the market that a Maiden Resource for its recent and exciting Hemi Discovery is expected by mid-2021 and which is expected to deliver a significant increase in the overall project resource.
Mr Jardine was appointed in May 2020 and is an experienced mining executive of 35 years with direct experience in growing resource companies from early stage exploration through to multi-operation entities. This includes taking projects through feasibility studies, equity funding, debt financing, project development and operations. His experience includes Project Manager and General Manager of the Henty Gold Mine in Tasmania for Goldfields Ltd; Project Manager of the Emily Ann and Maggie Hays nickel mines; General Manager New Business, Chief Operating Officer and Managing Director for Lion Ore Australia. He has more recently been Chief Operating Officer of Azure Minerals Limited. Commodity experience includes precious metals, base metals and bulk commodities across underground and open pit operations. Processing methods utilised at these projects and operations include CIP/CIL, DMS, sulphide flotation, BIOX, pressure oxidation and SX/EW. Projects developed have received Australian State and Federal recognition for environmental best practice and health and safety and human resources systems.
Why gold will always have a store of value
In this discussion Andrew Naylor will discuss the investment case for gold and why the $ price is not what you focus on
Why investors need to understand the long term investment case for holding gold
Discuss some of the research the World Gold Council has done and the importance for investors
Why ESG is an important part of purchasing bullion
World Gold Council
The World Gold Council is the market development organisation for the gold industry. Our purpose is to stimulate and sustain demand for gold, provide industry leadership, and be the global authority on the gold market.
We are a unique organisation that delivers tangible benefits to the gold industry. We are an active force within the market, working with a large and diverse set of partners to create access, drive innovation and stimulate demand, while providing a collective voice for our members. We provide insights into the international gold markets, helping people to understand the investment qualities of gold and its role in meeting the social and environmental needs of society.
The gold market has undergone significant change over the past two decades, becoming larger, stronger and more widely understood. The World Gold Council has been a key player in many of the initiatives that have driven that change, such as the liberalisation of the gold market in China and the rapid rise of demand in the East. We have also increased recognition of gold as a financial asset across a wide spectrum of market segments, supported by physically-backed gold product innovations.
Andrew Naylor joined the World Gold Council in 2016. He is part of the central banks and public policy team, and leads the Council’s Islamic finance initiative. The Islamic finance initiative was the catalyst for the launch of the AAOIFI Shari’ah Standard on Gold developed in collaboration with the World Gold Council, and opens up the gold market to the $2trn Islamic finance sector.
Prior to this role Andrew worked for international consultancy firm Cicero Group advising financial institutions on foreign investment and trade policy in Asia, and the global regulatory reform agenda. In this role he provided economic and political commentary for global broadcasters including the BBC, Bloomberg, CNBC and China Central TV.
Andrew has been a board member of the European Chamber of Commerce in Singapore since 2012, and was chairman of its financial services committee from 2012 – 2014 and treasurer from 2014 – 2016.
Andrew has a degree from the London School of Economics and Political Science.
Andrew Naylor, Head of ASEAN and Public Policy
Q Mines (ASX:QML)
QMines Limited is a Queensland focused copper and gold exploration and development Company. The Company owns 100% of four advanced projects with a total area of 978km². The Company’s flagship project, Mt Chalmers, is located 17km North East of Rockhampton. The Project is a high-grade historic mine that produced 1.2Mt @ 3.6g/t Au, 2.0% Cu and 19g/t Ag between 1898 – 1982. Mt Chalmers has an Inferred Resource (JORC 2012) of 3.9Mt @ 1.15% Cu, 0.81g/t Au and 8.4g/t Ag.
The Company has generated three Exploration Targets (JORC 2012) at Mount Chalmers that demonstrate resource growth potential. QMines’s objective is to grow its resource base, consolidate assets in the region and assess commercialisation options. The Company has commenced an aggressive exploration program that includes 32,000 – 62,100 meters of drilling providing shareholders with significant leverage to a growing resource and exploration success
Mr Sparke has over 15 years’ experience that includes fund management, corporate advisor and broker to a number of ASX listed resources companies.
He has significant experience serving in Chairman, Executive Director and Non-Executive Director roles and has been involved in several successful corporate transactions including numerous capital raisings, IPOs, back door listings and M&A transactions.
Between January 2014 and December 2018, Mr Sparke was a director of Lanstead Investors Pty Ltd, a UK based investment fund. Under his guidance, the fund invested into a number of ASX listed resource companies.
Mr Sparke is focused on identifying undervalued resource stocks, refining their strategy and focusing management on key value drivers. Mr Sparke is
Managing Director of Olive Capital Pty Ltd, a resource focused capital markets advisory firm.
Mr Sparke was formerly a director of Alt Resources Ltd (ASX:ARS) (now de-listed) and non-executive chairman of Torian Resources Ltd (ASX:TNR).
Mr Sparke is a graduate member of the Australian Institute of Company Directors (AICD) and holds a Bachelor of Business (Marketing) and a Masters
ANDREW SPARKE (B.BUS (MARKETING), M.FIN, GAICD) – EXECUTIVE CHAIRMAN
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Andrew is the Managing Director of Alice Queen Limited and founder of the Company in 2012. Prior to that Andrew was Managing Director of Kidman Resources Limited (KDR) an ASX listed lithium development company. Andrew has 25 years experience in the corporate sector specialising in business development, capital raising and corporate finance.
Andrew Buxton, Managing Director
Nova Minerals (ASX: NVA)
Nova Minerals is a dynamic explorer and developer of its flagship Estelle Gold project in the Tintina gold belt.
Nova’s strategy is to substantially increase the current 4.7Moz resource on the Korbel prospect by late 2021. Subsequently continue to locking in value through moving Korbel towards production whilst increasing the resource base across the pipeline of targets within the Estelle gold project.
Christopher as CEO, controls all aspects of the Estelle Gold project while implementing efficiencies and savings to keep cost per discovery ounce well below industry average. Mr Gerteisen has over 20 years of experience as a professional geologist with an extensive record of managing and advancing complex and challenging resource projects across North America, Australia, and Asia.
His work experience spans Greenfields from discovery through to production stage and other projects with a focus on commodities including gold and copper. He worked as a geologist on the Carlin Trend in Nevada and on exploration in Alaska with Newmont. He has held senior positions within several projects throughout the goldfields of Western Australia.
As a research geologist with Newmont he worked on the Batu Hijau Porhryry Cu-Au deposit in Indonesia. Most recently, through his technical contributions and management skills, Mr. Gerteisen played a significant role in the successful start-up, operations, and exploration which resulted in further mine-life extending discoveries at several prominent projects in the Australasian region, including Oxiana’s Sepon and PanAust’s Phu Bia in Laos. Mr. Gerteisen holds a BSc. Geology from the University of Idaho and a MSc.
Economic Geology from the Western Australia School of Mines. He is a dual USA and Australian Citizen based in Alaska and a member of the Australian Institute of Geoscientists.
Executive Director and CEO
Aurumin Limted (ASX: AUN)
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Brad Valiukas, Managing Director
The Perth Mint is Australia’s largest and most highly accredited precious metals enterprise. Through its integrated operations and trusted products and services, The Perth Mint develops markets and creates demand for Australian precious metals the world over. Operating the largest refinery in the southern hemisphere and the only facility in Australia accredited for gold and silver by the London Bullion Market Association, The Perth Mint is endorsed by the commodity exchanges in London, New York, Tokyo, Shanghai and Dubai. As Australia’s third largest manufacturer and Western Australia’s third largest exporter, the Mint delivers in excess of $23 billion worth of bullion bars and coins each year to investors in 130 countries and issues an array of legal tender commemoratives for collectors globally. Offering the only government guaranteed precious metals storage program, the Mint also manages in excess of $6 billion of assets under management for more than 40,000 clients.
Jordan Eliseo is a financial markets commentator and precious metals expert with 25 years industry experience. He has worked at companies including JP Morgan and Deutsche Bank and was Head of Investment Analytics at Cazenove Capital in London where he was responsible for building risk and attribution models for hedge funds as well as equity, fixed income and multi-asset portfolios.
Jordan has also worked as the Head of Investment Analytics for AMP Capital’s Multi-Asset Group in Sydney.
An author, professional speaker and financial markets expert, Jordan has spoken at more than 50 industry events at which he has shared is knowledge of gold, gold investment and the global financial markets with investor audiences ranging from SMSF trustees to financial advisors, family offices and institutional wealth managers, to individuals.
Jordan’s precious metals experience commenced in 2003 when he co-founded Argentaurus Investments, a private investment vehicle set up to invest in precious metals and related assets.
Bonds Debt and defaults.
David Morgan outlines what investors need to be aware of in the current environment
David Morgan, The Morgan Report
networking event online