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Arrow Minerals (ASX:AMD) – Howard Golden

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The CEO Mindset - Howard Golden is the Chief Executive Officer of Arrow Minerals (ASX:AMD)

Howard Golden is the Chief Executive Officer of Arrow Minerals (ASX:AMD), a Western Australian mineral exploration company, targeting gold, lithium and nickel. The company’s primary exploration projects are:
– Strickland Gold Project, 100km west of Menzies in the Eastern Goldfields;
– Malinda Lithium Project, 250km east of Carnarvon in the Gascoyne Region;
– Pilbara Gold Project, 50km south of Whim Creek in the Pilbara Region; and
– Fraser Range Nickel Project, 300km east of Kalgoorlie in the Fraser Range Province.

What’s your journey in becoming a Chief Executive Officer?
My journey has been a varied one. I hold degrees in Behavioural Sciences and geophysics. I believe that both have been extremely valuable in my career. That career has been varied, working in my early career with major mining house BHP and later other majors like Rio Tinto and Western Mining, as well as smaller organisations like Nordgold. I spent my early days in the field doing international exploration, taking on more and more managerial and corporate responsibilities, finally arriving at my current role running Arrow Minerals, an ASX listed mineral exploration company. The technical journey has been varied, comprising geoscientific aspects of exploration and mining for a multitude of commodities. And the physical journey has been a rich one, having been fortunate enough to have lived and worked on four continents including Côte d’Ivoire, Russia, Gabon, the US, the UK and currently Australia. The breadth and depth of the voyage has, I believe, enabled me to assemble the skills necessary to stay on top of the technical and financial aspects of the CEO role as well as the critical relationships with employees, shareholders, regulatory agencies and the communities in which we work. My current role involves responsibility for projects in West Africa and Western Australia, and the considerable time I have spent working across disparate cultures has prepared me well for the challenges I face today.

Tell us a bit about your business and how you are commercializing?
Arrow Minerals is an exploration company that is in the hunt for economic deposits of copper and gold in West Africa and Western Australia. We have gone to great lengths employing the best technical experts and knowledge to choose the best possible jurisdictions in which to explore to give us the greatest chance of success. We are funded by our shareholders in this phase, but we hope soon to be in a position where we have a mineral deposit that can be mined on a commercial level to provide tangible returns to our company stakeholders as well as the local government jurisdictions and communities.

How are you managing with the current COVID-19 pandemic on both business and personal front?
We are very fortunate to have our corporate office in Western Australia, where the management of the pandemic has been very effective and the rates of infection relatively low. Nonetheless, during the first three months of the COVID-19 crisis we worked from home here in Australia and suspended all field work that could have resulted in disease transmission. In Africa, our staff also worked from home and was able to avoid any cases of COVID-19. We also completed a nurses’ accommodation block for a new clinic near our project in Burkina Faso that will significantly improve local health outcomes. We are now cautiously resuming active work on our projects, taking great care to ensure the safety of our employees and those with whom they interact. 

What’s the most exciting thing about running your business?
More than in most businesses, running a mineral exploration company has the built-in excitement of part treasure hunt, part detective work. It is a scientific process that allows for great creativity and lateral thinking that, run properly, gets everyone at every level involved and on the edge of their seats as each phase of the exploration process delivers results.

How do you measure success?
In the end, an economic mineral deposit discovery is the holy grail in this business. But along the way there are many smaller successes including seeing communities involved and employed, assisting professionals to hone their craft and stay motivated, and of course we are always focussed on making sure our shareholders are rewarded.

What do you think is the most important quality of being a Chief Executive Officer of a listed company?
Running a company that is supported by shareholders requires constantly assessing the competing demands from all the stakeholders of the company. This involves, obviously, the shareholders who are the owners of the company, but also includes the regulators, communities, employees, the environment and civil society in general. Done well, there is no reason that a publicly listed company shouldn’t be able to reach an outcome that satisfies all of those parties.

What is your favourite book?
I recently read A Gentleman in Moscow by Amor Towles. It follows a man’s incarceration in a Moscow hotel not long after the Russian revolution. The language is exquisite, and it deftly touches on relevant themes such as loyalty, decency, the value of education, and the ability to see through narcissistic leaders and their sycophants. 

What message do you want to send to our readership in Asia?
We are honoured to have many Asian shareholders on our register, as well as many international investors from a wide array of regions. I think the message I would send is that in the minerals exploration space there is no substitute for focused quality work and the willingness to go wherever the science tells us to go to increase the probability of success. It’s impossible to generalise, of course, but I have found that many our Asian investors to have a great interest in learning about the technical aspects of our business and in making choices that can expose them to the very significant upside of a successful mineral exploration portfolio.

How can people connect with you?
Email:
Company Website: https://arrowminerals.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

 

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Materials

Q&A With StockPal – Bannerman Resources (ASX:BMN)

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Q&A with StockPal - Brandon Munro, Chief Executive Officer of Bannerman Resources (ASX:BMN)

 

Watch Brandon Munro, Chief Executive Officer of Bannerman Resources (ASX:BMN) and Jared Sim, Editor-in-Chief and Co-Founder of StockPal in this engaging Q&A with the following questions:

0:00 – StockPal Introductions
0:11 – What is Bannerman Resources all about?
1:31 – How did your company cope during the COVID-19 pandemic?
2:28 – What are the current ongoing projects?
3:46 – What is the timeline for commercialisation?
5:06 – What is Bannerman’s competitive advantage?
8:05 – How are you currently engaging with your investors?

Visit BMN’s website to learn more about their story: http://www.bannermanresources.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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TMZ acquires Australia’s Highest Grade Undeveloped Silver Asset

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TMZ acquires Australia’s Highest Grade Undeveloped Silver Asset

The prices of precious metals (gold and silver) have experienced slight pull back in recent months.

For many, particularly leveraged early stage stocks, this suggests a likely return to form in the early months of 2021.

This is especially true for silver stocks, as analysts believe the price of silver is poised to run hot next year.

According to Kitco analyst Peter Hug, “Once industrial demand picks up, more tailwinds for silver will push the metal closer to the $35 to $40 an ounce range next year.”

Thomson Resources (ASX:TMZ) could be positioned to capitalise on this precious metal resurgence, with an existing Gold portfolio and the pending acquisition of two silver assets.

Thomson is a NSW focused explorer, set to acquire 100% of two transformational silver assets in the first months of 2021, with due diligence to be completed in January.

The Webbs Project is Australia’s highest grade undeveloped silver asset and will be complemented by the Conrad Silver Project.

Historical workings show Conrad has a very large “in ground value”; one which the previous owner demonstrated to have value of almost one billion dollars.

Both projects have seen historic silver production and have a resource defined compliant with the JORC Code 2004 as follows:

  • Webbs: 1.5Mt @ 345g/t Ag Eq – 16.5 million ounces Ag Eq
  • Conrad: 2.65Mt @ 206g/t Ag Eq – 17.5 million ounces Ag Eq

Both silver projects are located in the New England Fold belt in NSW and combined, equate to an acquisition of over 30 million ounces of silver equivalent resources.

The projects will be acquired from the $207M capped Silver Mines Ltd (ASX: SVL), and as part of the acquisition, Silver Mines will hold ~ 19% of the issued shares of TMZ, which will be escrowed for 12 months. Silver Mines Managing Director Anthony McClure will take a board seat as a Non Exec Director.

The company is aiming to start aggressively expanding its silver resource base over the coming months, both organically and via acquisitions.

There is an experienced management team driving this agenda and it has been strengthened by the engagement of Global Ore Discovery, led by Stephen Nano.

Global Ore is assisting with running the due diligence process of on the silver assets and has a history of silver project generations that lead to takeovers.

Thomson stacks up

Thomson has a $30M market cap, and recently raised $6M, so appears well funded for near term exploration.

With the early stage nature of TMZ’s silver ambitions, the company is provided significant leverage to this metal heading into 2021, and compares favourably with other ASX listed silver stocks.

Its closets peer is Investigator Resources (ASX: IVR), which is currently capped at $63M. IVR’s South Australian Paris Silver Project has a resource of 9.3 million tonnes at an average 139 grams per tonne of silver and 0.6% lead for a contained 42 million ounces of silver and 55,000t of lead.

Thomson’s peers also provide a pathway to growth, favourably indicating how the market values silver ounces in the ground.

The company seems severely undervalued compared to its peers on a market cap vs silver grade basis, however once the transaction is completed and resource inventory grows, TMZ is expected to catch up.

Aside from silver, Thomson has a number of quality intrusion related gold systems in NSW and Queensland, where it is undertaking extensive rolling drilling programs that build on previous high grade results.

Silver, with a side of gold

 It is clear that Thomson exhibits ample upside moving into the new year.

TMZ is focused on building a strong silver resource base in 2021, whilst being supported by existing gold assets.

In the coming weeks, the company is set to complete its due diligence to acquire high grade, undeveloped silver assets, with the acquisition to be completed early in 2021.

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Minbos’ dedication to African food supply continues to grow

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Minbos’ dedication to African food supply continues to grow

Minbos Resources Limited (ASX: MNB) last week announced a Memorandum of Understanding (MOU) with the International Fertilizer Development Centre (IDFC), which will work to develop and grow the Small Holder Farmer market in Angola.

The IFDC is an international non-for-profit organisation, dedicated to scientific innovations that increase global food production, protect the environment and empower Small Holder Farmers.

The organisation strives to improve the lives and productivity of Small Holder Farmers, and does so through running country-scale agricultural projects across Africa. These projects introduce farmers to improved agricultural practises, fertiliser technologies and facilitation of market access.

As crop yields grow in Sub-Saharan Africa, so too does the demand for key ingredients of food production such as fertiliser.

A severe demand for reliable sources of fertiliser is imminent, with fertiliser consumption expected to almost double in the next 10 years in Africa.

Minbos has worked in partnership with the IFDC for several years, most notably to help develop the company’s Cabinda Phosphate Product, which included developing market demand in one of the most prospective fertiliser regions globally.

Developing food security in Africa

Minbos is building a nutrient supply and distribution business that stimulates food security in Angola and the broader Congo Basin.

This project has the potential to impact the whole country by boosting fertiliser production and food security.

Indeed, the new MOA with IFDC provides the platform to develop a joint proposal for a multi-year project designed to support the development of the local fertiliser market in Angola.

Angola is one of the world’s great untouched agricultural regions, possessing over 35 million hectares of arable land, high rainfall and some of the lowest rates of fertiliser use globally.

Minbos hopes to leverage the IFDC’s innovative research and market expertise to identify sustainable solutions for soil and plant nutrition for the benefit of Small Holder Farmers, local communities and the environment.

Utilising strategic partners, the IFDC works with national and private parties to create or expand Small Holder fertiliser demand in parts of Angola.

Productivity gains are predicted to cause marketable crop surpluses, encouraging additional farmer investment in fertilisers.

More than four million Small Holder Farmers are expected to be reached by the IFDC Angola project, which will be underpinned by Minbos’ fertiliser production.

The Cabinda Phosphate Project will commence production at 50,000tpa.

Given the large Small Holder Farmer market in Angola and the IFDC’s strong record of delivering high-impact projects which boost fertiliser usage, demand is expected to exceed the nameplate capacity of 150,000tpa.

Commenting on the MOU, Minbos CEO Lindsay Reed said, “As the Company looks to enter production in early 2022, securing market offtake through a program that unlocks value for local Small Holder Farmers and government stakeholders, as well as Minbos shareholders, is key to our successful collaboration.

“This first step in developing a project to establish a new market in Angola marks another milestone for Minbos as we look towards production in early 2022.”

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