Connect with us

Materials

Nova Minerals (ASX:NVA/OTC:NVAAF/FRA:QM3) – Christopher Gerteisen

Published

on

The CEO Mindset - Christopher Gerteisen is the CEO and Executive Director of Nova Minerals (ASX: NVA | OTC:NVAAF | FRA:QM3)

Christopher Gerteisen is the CEO and Executive Director of Nova Minerals (OTC:NVAAF), an exploration company based in Australia and listed on the Australian Stock Exchange (ASX:NVA) and the Frankfurt Stock Exchange (FRA:QM3). Nova is focused on gold exploration in two highly prospective regions, the Tintina Gold Province in Alaska and the Northern Territory in Australia.

What’s your journey in becoming a CEO?
I joined the company as CEO as the company was gearing up towards expanding its resource and progressing the Estelle Gold Camp to production. I’ve always considered this my area of specialization advancing projects from the resource development phase, where Estelle is positioned now, into mine planning and production. Certainly, my experience in both the technical and management realm reflects success in this arena. What’s exciting for me personally, is with the Estelle Gold Project I’m able to put my skills to work in my home state here in Alaska where I was born and bred, and working with an Australian company, a place I consider my second home where, as I like to say, I was reborn and rebred. Up top meets down under, a recipe for success.

With over 25 years of experience as a professional geologist in technical and corporate roles, I have an extensive record of managing and advancing complex and challenging resource projects across North America, Australia, and Asia. My experience spans greenfields through to production stage projects focussed on a wide range of commodities, including gold and copper. I have worked as a geologist on the Carlin Trend in Nevada and on exploration in Alaska with Newmont. Have held senior positions at several projects throughout the goldfields of Western Australia. As a research geologist with Newmont I worked on the Batu Hijau Porhryry Cu-Au deposit in Indonesia. Most recently, through my technical contributions and management skills, I played a leading 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.

A few years ago, I took the opportunity to finally return to Alaska. I’ve come full circle. Alaska is a resource-based economy. It’s a safe jurisdiction and ticks all the positive boxes for development of a project on the scale of Estelle. I’m based in my hometown where I grew up. Life doesn’t get any better than this, building a mine here for my state and bringing jobs and economic benefits to my community. This could be my last stop in what’s been a long rewarding journey. But I am now in gold miners heaven!

Tell us a bit about your business and how you are commercializing?
We are in a self-imposed race to build a senior gold producer. Over the past two years we have been steadily proving up our gold resource, with the results to date going way above and beyond our original expectations. Now we plan to capitalize on this success by fast tracking the resource development. The drilling program currently underway is designed to significantly increase the total resource, adding millions of ounces to our inventory, but also it’s aimed at converting a large portion of the resource to the higher confidence Measured and Indicated categories. The Estelle Gold Project is shaping up to be one of the most significant resource endowments, both in terms of quantity and quality, in the world today and the investment community is really starting to tune in to this project. We are seeing the smart money get in early, getting in now. These investors are taking note of resource, as discussed, but are also seeing a capable management team focussed on a fast track towards production at Estelle. The resource development drilling program currently underway will produce results shortly and we plan to release a mid-year JORC compliant resource update. Based on this, we plan to commence the feasibility studies on the path towards production. We are focussed on this objective like a laser, with our internal budgets and schedules moving us to commission a mining operation in the 2023-2024 time frame. I should mention, the production ambitions we are discussing, is only for our Korbel deposit, which on projection shows may host upwards of 10Mozs of gold, not uncommon in the Tintina Gold Province neighbourhood, see Fort Knox, Dublin Gulch, Pogo, etc. In addition, we have 15 other known prospects across our 220km2 claim block, at various stages of advancement. We are steadily progressing this pipeline of opportunities as we are really start unlocking and developing a district here. All of these additional prospects and further upside will provide the resources as we build the next world-class mining district over the next several decades.

As a note to investors, I want to make it very clear that Nova Minerals is not building itself to be sold; it’s building itself to be a major.

How are you managing with the current COVID-19 pandemic on both business and personal front?
The health and safety of our people and the safe operation of our site is of paramount importance. Keeping our operation running is critical for jobs, our communities and for the Alaskan economy. We are not a business that can do all of our work remotely and we are fully focused on action to reduce the risk of transmission at our sites and in our offices. In light of COVID-19, we know the situation is difficult and we are encouraging our workforce to look out for each other, their families and communities as we manage through this together.

Operations at Estelle continue with additional monitoring and procedures in place to reduce the risk of COVID-19 transmission among our workforce. As things currently stand, there have been no material impacts on our operations or supply chain with our workforce able to access our safely and operate effectively.

Nova’s supply chains are still open and we currently have adequate supplies to operate and maintain critical equipment.

The Estelle Gold Camp and offices across the world are monitoring local conditions and have plans in place designed to maintain workforce safety and business continuity. These include procedures to move quickly to isolate anyone who may require medical treatment or testing as well as additional information and resources to support the wellbeing of our workforce.

What’s the most exciting thing about running your business?
As I said previously, Alaska is a safe jurisdiction and my hometown; life doesn’t get any better or exciting building a mine here for my state and people.

I want to make it very clear that Nova Minerals is not building the Estelle Gold Camp to be sold, it’s building itself to be big, create jobs and opportunity for the state of Alaska and my people, that’s what excites and drives me every day. There are lots of good reasons for that; I would like the Estelle Gold Project to live beyond my lifetime as a very large gold producer and developer. That’s something that I’m working hard to try to create, along with all our fine management team and crew on the ground.

How do you measure success?
Success is measured differently for each stakeholder in Nova Minerals, and my success is when each of those stakeholders is successful. For our investors, it is the share price and resource growth. For the staff, it’s doing work they love and which makes them grow professionally, and which rewards them with the upside of the business as we grow the resource and move the project into production.

What do you think is the most important quality of being a CEO of a listed company?
For any CEO, its resilience, hands down. Ability to problem solve as the challenges come up. Progressing the project regardless what is thrown at you and most importantly looking after your people and all stakeholders each step of the way. The listed aspect adds the dimension of your performance judged by the market each day and it remains your job to run the business and communicate the value to the investors the best you can.

What is your favourite book?
The Bible, besides all the time-tested lessons to live by and stories of overcoming adversity, up, downs, etc. Here’s the takeaway as pertains to the subject at hand, the Estelle Gold Project. When you truly believe in something, put all your heart, mind and soul into it, never give up, never give in. In business we call that perseverance, which has been shown time and again, in research as well as just plain old common sense, as the most critical key ingredient to success in any business endeavour. And that’s what we have at Nova Minerals, unshakeable perseverance, and a management team on a mission to develop the next world-class gold district.

The Art of War by Sun Tzu is another which gives great insight into strategy to rank and discipline and, as they say, a little bit of luck doesn’t hurt either and to quote Sun Tzu “Luck is what happens when preparation meets opportunity.”

So the massive gold resource we have at Estelle, that continues to be wide open in all directions, helps our mission immensely. It also helps to have a bunch of committed, capable, and like-minded colleagues in the trenches along the way. I’m so proud to be a part of the Nova Minerals team as we push forward and get the results expected by our stakeholders.

What message do you want to send to our readership in Asia?
To keep it simple, view us as the Fortescue Metals Group of the Gold space in Alaska and how fast we move.

In 2019, we went out to prove the concept in the initial phase of fieldwork. From the first stage of metallurgical test work at the Korbel deposit, we had a 76 per cent average recovery. That result is exceptional when compared with our peers who average 55–60 per cent recovery, in this type of gold operation, even a one or two per cent recovery upgrade has a large impact on overall profitability.

Not only have we defined the major resource at 2.5 million ounces, but we managed to do it at a discovery cost of less than US$1 per ounce [A$1.7], which is why we’re fast tracking this project. To give some perspective, anything less than US$10 [A$17] per ounce discovery cost is off the charts” and currently US$30 or $40 [A$52 or A$69] an ounce is more realistic.
Every time we drill, we’re adding millions of ounces to the resource inventory. Our gold is very liberated throughout the ore body, so we have a high recovery, which keeps the recovery cost low, Our 2020 target is to recover somewhere between the 5–10 million-ounce range. Adopting advanced ore sorting technology is also an exciting possibility thanks to the style and mineralisation of our rock, which will further improve our recovery.
We believed in the project and now we’ve proved it. We have 15 other known prospects at various stages of advancement and Korbel, which is developing into a super pit scenario, so our future is very exciting.

How can people connect with you?
Email:
chris@novaminerals.com.au
Nova Minerals Website: https://novaminerals.com.au/

Continue Reading
Advertisement
1 Comment

1 Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Materials

Is EMH set to supply clean lithium to the EU?

Published

on

Is EMH set to supply clean lithium to the EU?

European Metals Holdings Limited (ASX:EMH; AIM:EMH; NASDAQ:ERPNF) is currently developing the fully integrated Cinovec lithium, tin, tungsten deposit located in the northern Czech Republic.

This is the largest hard rock lithium resource in the European Union.

EMH provides a compelling play in the green energy materials sector, particularly given the location of its Cinovec Project, which is not only strategically positioned in terms of its potential client base, but also benefits from being situated in a mining friendly jurisdiction.

The location is also prime real estate in the electric vehicle (EV) revolution.

The EU is rapidly switching from petrol transport to EVs, as part of the “European Green Deal” which plans to make Europe carbon neutral by 2050.

€750BN has been allocated to generous EV subsidies, alongside penalties for CO2 emissions.

This transition in energy consumption and use has become a key driver of the need for a local source of lithium.

The EU currently has no local supply and requires imports from China and South America.

A significantly sized lithium industry is about to emerge in the EU, with EMH well placed to capture a significant portion of this market share.

The EU is aiming for 80% local lithium production by 2025.

EMH’s Cinovec project is located in the northern Czech Republic, in the epicentre of over a dozen new and planned lithium-ion battery factories, on the doorstep of dozens of potential customers.

Geomet s.r.o. controls the Cinovec project’s mineral rights and is owned by EMH (49%) and CEZ (51%).

CEZ is the seventh largest European Union power utility by customers and the tenth biggest by market cap (US$13 billion), domiciled in the Czech Republic.

The Czech Republic Government is CEZ’s largest shareholder with a 70% stake in the group.

CEZ has a balance sheet of €28 billion, and a clear strategic need to ensure EMH’s project moves into production.

EMH intends to supply a minimum of 25,267 tpa of lithium hydroxide or 22,500 tpa of lithium carbonate over the long term.

About the Cinovec Project

The Cinovec deposit is covered by three Exploration Permits and three Preliminary Mining Permits (PMP) that cover a combined area of nearly 19 square kilometres.

EMH’s strategy is to combine the three permits and progress the mine permitting and environmental studies that will support the proposed definitive feasibility study (DFS).

As illustrated below, Cinovec is by far the largest hard rock lithium project in Europe.

The deposit also contains a globally significant tin resource, and this is fully funded through to Final Investment Decision, expected early 2022.

The Cinovec deposit is covered by three Exploration Permits and three Preliminary Mining Permits (PMP) that cover a combined area of nearly 19 square kilometres.

EMH’s strategy is to combine the three permits and progress the mine permitting and environmental studies that will support the proposed definitive feasibility study (DFS).

In short:

Cinovec hosts a hard rock lithium deposit with:

  • a total Indicated Mineral Resource of 372.4 million tonnes at 0.45% Li2O and 0.04% Sn and
  • an Inferred Mineral Resource of 323.5 million tonnes at 0.39% Li2O and 0.04% Sn.

The deposit contains a combined 7.22 million tonnes of Lithium Carbonate Equivalent and 263kt of tin.

An initial Probable Ore Reserve of 34.5 million tonnes at 0.65% Li2O and 0.09% has been declared to cover the first 20 years mining at an output of 22,500 tonnes per annum of lithium carbonate.

Could EMH meet supply demands?

Independent industry analyst Roskill is expecting demand for lithium next year to increase significantly with carbonate to reach 165,000 tonnes LCE, up from 139,000 tonnes in 2020, while demand for hydroxide should total 132,000 tonnes LCE.

EMH expects to commence production in 2024 as the supply/demand dynamics for the battery grade hydroxide market look set to drive prices higher.

The demand side of the equation will be driven by an increase in CO2 compliance in the European Union that will commence in 2025.

The European Union is committed to investing 550 billion Euro in climate change initiatives between 2021 and 2027.

Of further significance for EMH is the goal of becoming self-sufficient in terms of lithium production, and by 2025 regulatory bodies are aiming for 80% regional production.

Further initiatives include the establishment of a 40 billion Euro Just Transition Fund aimed at assisting in the transition from fossil fuels to green energy.

High profile end-users such as Tesla, Samsung and Volkswagen are already on the move, and they are at various stages of increasing/adapting capacity to cater for an uptick in demand for electric vehicles and the broader power storage sector – note Cinovec’s central proximity to its potential clients.

European Metals could become a compelling play in the green energy materials sector, particularly given the location of the Cinovec Project and its strategic position in terms of its potential client base.

A focus on ESG

While ESG is focused on delivering a sustainable lithium product to the European market, it is also doing its ESG (environmental, social, governance) credential no harm.

EMH has adopted a set of ESG metrics and disclosures as released by the World Economic Forum (WEF) and is reporting their quarterly progress on ESG metrics.

The single roast, low heat process outlined in the PFS minimises the use of power, and a combination of recycled water and the use of benign reagents adds up to environmentally friendly production.

The application of EMH’s process also provides the company with options to produce battery grade lithium carbonate or lithium hydroxide, opening up multiple markets and which translates to client diversification.

What to expect

There are several potential share price catalysts that could help the company re-rate in the near to medium-term.

This includes the completion of a definitive feasibility study (DFS) which should occur in the next 12 months.

With EMH sending samples to potential customers in 2021, there is the likelihood of end users negotiating offtake agreements, particularly given that analysts are already predicting supply constraints.

Continue Reading

Materials

Q&A With StockPal – Volt Resources (ASX:VRC)

Published

on

Q&A with StockPal - Trevor Matthews, Managing Director of Volt Resources (ASX:VRC)

Watch Trevor Matthews, Managing Director of Volt Resources (ASX:VRC) explains about its business and its recent successful capital raise of AUD 3.65 million in February 2021.

0:14​ – What is Volt Resources all about?

2:01 – How did your company cope during the COVID-19 pandemic?

4:40​ – Having just successfully completed a capital raise, how would it be used on the projects that you are currently working on?

8:16 – What is your target timeline for production?

9:51​ – What is your firm’s competitive advantage?

12:25​ – How are you currently engaging with investors and what should they be looking forward to?

Visit Volt’s website to learn more about their story: https://voltresources.com/

Email editor@stockpal.asia if you are or represent a listed-company and is keen to be in our interviews.

Want to be on the list next time this company raises capital? Open an account with Fresh Equities and start exploring capital raises – freshequities.com

Continue Reading

Materials

Q&A With StockPal – Theta Gold Mines (ASX:TGM | OTC:TGMGF)

Published

on

Q&A with StockPal - Bill Guy, Non-Executive Chairman of Theta Gold Mines (ASX:TGM | OTC:TGMGF)

Watch Bill Guy, Non-Executive Chairman of Theta Gold Mines (ASX:TGM | OTC:TGMGF) explains about its gold mines exploration plans in South Africa given their recent investment in Jaggards, DigitalX and Aura Group-backed Bullion Asset Management of Singapore.

0:11 – What is Theta Gold Mines all about?

0:38 – How did your company cope during the COVID-19 pandemic?

1:32 – What are the current ongoing projects and the timeline for production?

2:01 – What is your firm’s competitive advantage?

2:52 – How are you currently engaging with investors and what should they look forward to?

Visit Theta Gold’s website to learn more about their story: http://thetagoldmines.com/

Email editor@stockpal.asia if you are or represent a listed-company and is keen to be in our interviews.

Want to be on the list next time this company raises capital? Open an account with Fresh Equities and start exploring capital raises – freshequities.com

Continue Reading

Get more stuff

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.

Recent Posts

Categories

Trending