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Parkway Minerals (ASX:PWN) – Bahay Ozcakmak

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The CEO Mindset - Bahay Ozcakmak is the Managing Director of Parkway Minerals (ASX:PWN)

Bahay Ozcakmak is the Managing Director of Parkway Minerals (ASX:PWN). Under Bahay’s leadership, Parkway Minerals is emerging as a disruptive water TechCo, focused on leveraging a world-class technology portfolio to provide long-term sustainable solutions for processing complex brines, in the energy, mining and wastewater industries. The company has generated significant interest, as the technology has the potential to significantly improve the efficiency, performance and sustainability of a range of industrial operations, particularly in conventional brine and minerals processing related applications, globally.

What’s your journey in becoming an MD?
I studied science and commerce at The University of Melbourne, whilst working in a number of R&D and technology commercialisation related roles, both in the public and private sector. Throughout my career, I’ve been fortunate to have been a part of a number successful teams in the biotech, energy, renewables and mining sectors. When I look back at what attracted me to each of these roles, it was always the prospect of utilising technology to do things better, more efficiently, more sustainably. These diverse roles provided me with a really broad range of practical technology commercialisation related experiences, and most importantly “lessons learned”. What could we have done better? As a young kid, I had an entrepreneurial streak, so I always knew I wanted to lead something technology focused, sustainable, that could make a real difference.

As I gained more professional and corporate experience, in early 2010, I founded an energy technology company with the support of a listed company. We invested ~$10m over 3 years to build a successful power cycle TechCo, we owned half an operating geothermal power plant, with TechCo being acquired by the listed company. Around the same time, I recognised that water was going to become a major global challenge, so I started laying the foundations for a water TechCo which I incubated privately for a number of years. As the private company, Activated Water Technologies secured funding, grew and continued to achieve key technical and commercial milestones, it got to a point where we recognised it would make sense to get AWT public. Through a series of corporate transactions, AWT was eventually acquired by Parkway Minerals.

In late 2019, following the Parkway Minerals AGM, I was appointed Managing Director and in the subsequent 6 or 7 months we have been transitioning the company from an exploration focus, to a more technology focus, as this is where we have the opportunity to create the most value. Along the way, I’ve held directorships in various public and private companies, including in Australia, Canada and the U.K in mostly technology and mining focused entities

Tell us a bit about your business and how you are commercializing?
At Parkway Minerals, we are commercialising a world-class technology portfolio to provide long-term sustainable solutions for processing complex brines, in the energy, mining and wastewater industries. Through a strategic partnership with Victoria University, our own inhouse R&D and a number of acquisitions, we have assembled a highly valuable and strategic technology portfolio. As the technology has matured, we are now partnering with leading industry participants to provide, BPaaS – Brine Processing as a Solution™. In order to assist us commercialise our technology, we recently announced a partnership with Worley, a leading global engineering company.

How are you managing with the current COVID-19 pandemic on both business and personal front?
In terms of Parkway, we established an Engineering & Technology Office at Victoria University at the beginning of the year, and recruited a high-calibre engineering team. In March and into April when we started observing COVID-19 related disruptions, we pivoted to focusing on our own internal capability development, to build the foundations of the business, ready for when the world returns to some form of normality. On the personal front, in recent years I’ve spent a large proportion of my time on the road. The last few months have provided me with an opportunity to focus and develop some medium and longer term plans.

What’s the most exciting thing about running your business?
Building (and working with) a team of intelligent and experienced individuals focused on developing innovative technology, to solve growing challenges facing the global energy, mining and wastewater sectors. As a team, we genuinely believe in our mission to provide long-term sustainable solutions for processing complex brines, in the energy, mining and wastewater industries. This is what drives us. The passion of the team is really quite contagious and a real strength in enabling us attract high calibre partners.

How do you measure success?
Ultimately by making a difference. We want to be recognised as a leading technology solution provider for high value challenges that have previously been deemed too difficult. More specifically, by having our BPaaS – Brine Processing as a Solution™ offering, being adopted by major global companies, to improve the sustainability and performance of their operations, profitably.

What do you think is the most important quality of being an MD of a listed company?
There are so many; energy, experience, alignment, but in a rapidly changing world, I’d like to propose, independent/critical thinker. In many listed companies, particularly at the junior end of the market, there is often a case of groupthink, jumping on the bandwagon for whatever happens to be the flavour of the day. Mining investment guru Rick Rule often talks about, either being a contrarian, or a victim. Whilst Rick is describing investors in markets, the same is often also true for listed companies, hence the need for a CEO to be able to filter out the noise and focus on creating sources of sustained competitive advantage. This requires independent/critical thinking. In the case of Parkway Minerals, we are charting our own course. We are endeavouring to provide high value solutions, to difficult problems. We are not too fussed with what else the competition is or isn’t doing.

What is your favourite book?
I love Principles by Ray Dalio and also reading about entrepreneurial journeys, particularly over the summer break. But if I had to narrow it down to my favourite, it would have to be Zero to One, by Peter Thiel. This is a great read for leaders looking beyond incremental improvement, towards transformational disruption — the best of Silicon Valley in one book.

What message do you want to send to our readership in Asia?
Real economic opportunity can only truly be created through sustainable growth, and technology has a very important role to play. COVID-19 appears to be accelerating a number of macro trends that were already in motion, including in relation to societal expectations of demanding increased adoption of environmental, social and governance (ESG) related considerations. Whilst adoption of ESG friendly policies at first can appear somewhat ambitious, early adopters have the opportunity to establish a competitive advantage, underpinning long term economic growth, whilst late adopters risk being left behind.

Parkway Minerals is positioning itself to not only be a passenger during these inevitable macroeconomic changes, but we are actively seeking to be part of the longterm solution, as we see these changes through the lense of opportunity.

How can people connect with you?
Email: bahay@parkwayminerals.com.au
Company Website: https://www.parkwayminerals.com.au/

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

Representatives from Parkway Minerals and Victoria University research team during launch of the Australia Research Council Research Hub, where Parkway Minerals is a founding member and is delivering a $1 million plus research program with world leading researchers.

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Q&A With StockPal – Tao Commodities Ltd (ASX:TAO)

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Q&A with StockPal - Taso Arima, Managing Director of TAO Commodities (ASX:TAO)

Watch Taso Arima, Managing Director of TAO Commodities (ASX:TAO), explaining about the impact of COVID-19 on its business and various projects that they are working on.

0:11 – What is TAO Commodities all about?
1:41 – How did your company cope with the COVID-19 pandemic?
3:51 – What projects are you currently working on?
5:19 – What is your target timeline for production?
6:47 – What is TAO Commodities’ competitive advantage?
9:43 – How are you currently engaging with investors and what should they be looking forward to?

Visit TAO’s website: https://taocommodities.com.au/

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

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Q&A With StockPal – Ardea Resources (ASX:ARL)

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Q&A with StockPal - Andrew Penkethman, Managing Director and CEO of Ardea Resources Limited (ASX:ARL)

Watch Andrew Penkethman, Managing Director and CEO of Ardea Resources Limited (ASX:ARL), as he explains about Ardea’s mining projects in the exciting nickel-cobalt space.

0:00 – Intro

0:14 – What is Ardea all about?

1:05 – How did your company cope with the COVID-19 pandemic?

2:06 – What projects are you currently working on?

3:32 – What is your target timeline for production?

4:39 – What is Ardea’s competitive advantage?

6:14 – How are you currently engaging with investors and what should they be looking forward to?

Visit Ardea’s website: https://ardearesources.com.au/

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

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Several catalysts are on the horizon for Auroch Minerals

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Several catalysts are on the horizon for Auroch Minerals

Shares in Auroch Minerals Limited (ASX:AOU) have soared roughly 300% in the last six months, but there could be more upside to come.

Today, the company announced that it has commenced diamond drilling at its Leinster Nickel Project in Western Australia.

This nickel sulphide focused base-metal resource company, is building value through targeted high-impact exploration in Western Australia.

AOU has three nickel projects in Western Australia and all sit in the Norseman-Wiluna Greenstone Belt, home to some of the best nickel projects globally including Leinster, Mt Keith, Kambalda and Widgiemooltha.

All of AOU’s projects, including Leinster, Saints and Nepean are highly prospective for near surface, high grade nickel sulphide mineralisation.

High-grade nickel is a feature of the Leinster region and today’s results show that the second hole (HNDD002) has confirmed thick shallow high-grade nickel-copper-PGE sulphide mineralisation, with the logged massive sulphides interval reporting 7.3 metres at 2.2% nickel, 0.53% copper from 143 metres.

The first hole accepted 4.1 metres of high-grade nickel-copper sulphide mineralisation grading 2.4% nickel and 0.61% copper from 119 metres.

Both the quality of the grades and the near-surface nature of the mineralisation suggest that this could be a highly economical project.

The drill programme at Leinster consists of four diamond drill-holes and will be followed by reverse-circulation (RC) drilling to test strike potential and some of the more-advanced regional targets across the Leinster tenure.

The combined diamond and RC drill programmes will consist of approximately 1200 metres of diamond drilling and 1800 metres of RC drilling.

Drilling success at Leinster would be highly material given that BHP has expressed a desire to ramp up its nickel production to meet growing global demand fuelled by the shift to electric vehicles.

Mining giant BHP could boost production on commercially viable terms and has commenced trying to source contracts with Nickel Sulphide deposits to feed into its Nickel West refineries.

Nepean could be the game changer

AOU is also expecting the delivery of assay results from its maiden drilling program at the Nepean Nickel Project.

The Nepean Nickel Project contains the historic high-grade Nepean nickel sulphide mine and was the second producing nickel mine in Australia, producing just over 1.1 million tonnes of ore between 1970 and 1987.

The ore was treated by Western Mining Corporation (WMC, now BHP Group Ltd) at its Kambalda processing facilities.

The Nepean mine closed in 1987 due to low nickel prices, leaving significant nickel sulphide resources unmined.

At the end of 1986 when a fight or flight decision had to be made, the nickel price was hovering in the vicinity of US$1.60 per pound, about 80% below current levels.

Today, the nickel price is over US$7.00 per pound.

The Nepean nickel mine has a remnant high-grade JORC (2004)-compliant resource: 13,250t contained nickel @ 2.20% Ni. (It should be noted that the resource is JORC(2004) only (i.e. historic estimate) and not compliant with the JORC (2012) code required now.)

There is high potential at Nepean to build on the existing remnant resources with drill targets along strike and at depth.

Nepean is just 70km from BHP’s Kambalda Nickel Concentrator and Smelter and again the presence of nearby processing facilities operated by third parties, including BHP’s Kambalda smelter, is a substantial benefit for AOU as BHP looks for more nickel supply.

AOU has identified several high-priority areas at Nepean, and a 3,500 metre reverse-circulation (RC) drill programme has already yielded some extremely promising results including 3 metres at 3.7% nickel, including 2 metres at 5.1% nickel, as well as one metre at 5.6% nickel.

With plenty more drilling results to filter through in the coming weeks, there are plenty of catalysts investors can look forward to.

Looking beyond this drilling program, AOU expects to complete a resource estimate by year-end, enabling it to fast track Nepean to production.

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