It’s that time of year again for Resources Rising Stars (RRS), the national events division of investor relations consultancy Read Corporate, to return for another season of its Twilight Series.
Taking place across three different cities – Brisbane (Monday 18 September), Sydney (Tuesday 19 September) and Melbourne (Wednesday 20 September), the three events will showcase six, carefully selected green metal companies leveraged to the impending global energy transition.
Read Corporate managing director and RRS organiser Nicholas Read says the sourcing of transition-critical minerals for the production of low-carbon technologies remains a hot topic and major investing thematic.
“As governments race towards renewable energy targets and mandates, ASX companies face a unique task of finding and supplying the critical metals needed to facilitate the transition.
“Our line-up this time around features six high-growth companies with exposure to these metals such as lithium, copper and uranium.
“All are making a solid effort to proving up their resources and getting their projects further along the development pathway.”
The Sydney and Melbourne events will take place from 3-6pm with canapes and drinks to follow at 5pm. The Brisbane event will take place from 11.30am – 2.30pm with presentations to be followed by a working lunch.
Attendance is free for investors. Register to watch the presentations in person at www.resourcesrisingstars.com.au/events.
The headliners: Boss Energy and Develop
Kicking the presentations off will be headline act and Australia’s next uranium producer Boss Energy (ASX:BOE) with first output from the Honeymoon project in South Australia slated for the December quarter.
Redevelopment of Honeymoon is on time and budget with all critical path items on track and perfectly timed as the uranium price continues to rise, nearing almost decade highs on the back of ambitious demand projections.
The Word Nuclear Association estimates a near doubling in demand by 2040 with its first Nuclear Fuel Report claiming reactor requirements for uranium would lift from 65,650t in 2023 to 83,840t in 2030 and 130,000t in 2040 just on a scenario based on government and utility target – setting a good scene for Boss Energy.
Up 112.81% YTD, the company is now a $1.52 billion stock and a 6070% gainer in the past five years.
Next cab off the rank is copper-zinc-lithium developer Develop Global (ASX:DVP), backed by Aussie mining titan and former Northern Star (ASX:NST) executive Bill Beament.
DVP’s Woodlawn project in NSW is making rapid progress towards a production restart.
The company recently released a mine plan that shows it can get Woodlawn into production for just $32m with a six-month runway from the start of the redevelopment to production.
Over a seven-year mine life the operation in regional New South Wales, bought from the administrators of Heron Resources, would deliver 10,000t of copper, 35,000t of zinc and $90m of pre-tax cashflow a year, with a pre-tax NPV of $481m and IRR of 367%.
If all goes to plan Woodlawn will be in production by 2024/2025 following the release of a mine plan update and FID.
Who else is on the line up?
Lithium explorer-developer Critical Resources (ASX:CRR) is aiming to establish itself as a new lithium producer and key participant in the fast-growing North American battery materials supply chain.
A recent maiden Inferred Resource of 8Mt at 1.07% Li2O at Critical’s Mavis Lake Project in Ontario provides a strong foundation for this strategy.
Having delivered this resource in just 11 months, Critical is now focused on delivering rapid growth in its inventory, both through extensional drilling at Mavis Lake Main Zone and initial exploration at the exciting Gullwing/Tot Lake project, 4km away, where it has defined an 8km long pegmatite system.
Other companies on the Twilight program include Battery Age Minerals (ASX:BM8), touted as ‘one of the most exciting new entrants’ to the junior lithium exploration sector on the ASX – not just because of the location of its projects, but also because of the pedigree of its leadership team.
The senior management team is backed by several former Pilbara Minerals (ASX:PLS) executives who bring a wealth of expertise to the company in its search for lithium at Falcon Lake, just 10km along strike from the Seymour Lake Lithium Project, owned by Green Technology Metals (ASX: GT1).
Meanwhile, Alicanto Minerals (ASX:AQI) is preparing for the start of drilling at its historic, 1,000-year-old Falun copper mine in Sweeden.
With its recent capital raising successfully completed, the major diamond drilling campaign will test high-priority targets which sit around the Falun mine as well as the highly prospective 3.5km trend that runs between Falun and high-grade mineralisation intersected at the Skyttgruvan-Naverberg target.
And New World Resources (ASX:NWC) will discuss the ins and outs of their development strategy at the flagship Antler copper project in Arizona, USA home to an 11.4Mt resource at 4.1% copper equivalent.
This puts the explorer in a rarefied space in terms of ASX listed copper developers as global markets enter a copper deficit of roughly 1.9Mt by 2030.
The Resources Rising Stars Twilight Series will be on in Brisbane (Monday 18 September) from 11.30am – 2.30pm and Sydney (Tuesday 19 September) and Melbourne (Wednesday 20 September) from 3-6pm.
Attendance is free, but registration is essential.
Visit www.resourcesrisingstars.com.au/events to sign up for the event, or find details on how to watch the presentations online.
At Stockhead we tell it like it is. While Alicanto Minerals is a Stockhead client, it did not sponsor this article.
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