Pinned straw:
21-March-2024: The Money of Mine (MoM) podcast lads discussed the new DVP contract at Karora Resources' Beta Hunt gold mine, which is situated quite close to a number of Bill's other DVP projects and contracts so he's developing a little "hub" of sorts there in that Kambalda/Southern Goldfields district of Western Australia south of Kalgoorlie (maps included below).
Beta Hunt is located 25km from the Mt Marion lithium mine where Develop has an initial A$46m underground development contract, and Mt Marion is located 40km south-west of Kalgoorlie. Both Beta Hunt and Mt Marion are less than 100km from Develop’s Pioneer Dome Lithium Project (see maps below).
From: The Report that Shaved $250 Million from IGO Today (youtube.com)
[Money of Mine podcast video, Thursday 21st March 2024]
To skip straight to the DVP discussion - use this link: https://www.youtube.com/watch?v=0RPcQEn8yMc&t=947s
"We started the show by dissecting a bearish report written on IGO, before discussing the latest news from Develop (DVP)."
"Next, we pulled apart Sierra Rutile (SRX) in one of the year’s most fascinating M&A stories, then moving to another M&A story that is drawing to a close, we spoke about the Battle for Nyanzaga (ORR, PRU, SVM.t)."
"Meteoric (MEI) & Australian Strategic Materials (ASM) both received non-binding hand outs from the US Export-Import Bank which was worth a chat, before we flew through announcements at Spartan (SPR), Calidus (CAI), Firefly (FFM) and lastly Global Lithium (GL1)."
CHAPTERS
0:00:00 Introduction
0:00:38 More pain to come for IGO?
0:15:47 Develop announce Karora deal
0:23:41 The years most fascinating M&A deal (SRX)
0:34:48 The Battle for Nyanzaga is almost done (ORR, PRU, SVM.t)
0:36:30 MEI & ASM get big government boost
0:40:24 Why the board changes at Spartan?
0:47:11 Calidus rattle the tin
0:52:34 Firefly's copper equivalents
0:53:35 Global Lithium find drill results
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DISCLAIMER
All Money of Mine episodes are for informational purposes only and may contain forward-looking statements that may not eventuate. The co-hosts are not financial advisers and any views expressed are their opinion only. Please do your own research before making any investment decision or alternatively seek advice from a registered financial professional.
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Source: 2019: https://www.karoraresources.com/2019-08-13-RNC-Minerals-Announces-Filing-of-Technical-Report-for-Beta-Hunt-Gold-Resource-Update
Source: https://www.mining-technology.com/projects/mount-marion-lithium-project/ [April 2021]
Source: https://stgm.com.au/projects/lithium-star or Lithium Star – WA Projects | St George Mining Limited (stgm.com.au) [Current website; I do not hold SCQ shares, they closed at 2.2 cps today and their market cap is less than $23 million.] DVP's Pioneer Dome Lithium project is shown there below Mt Marion.
Mt Marion Lithium Mine and Processing Plant - Source: https://thewest.com.au/business/mining/mineral-resources-hands-develop-global-46m-mt-marion-contract-c-12747402 or Mineral Resources hands Develop Global $46m Mt Marion contract, as Delta hoovers up lithium rights | The West Australian [01-Dec-2023]
Lithium - Mineral Resources [on MinRes' current website] Mt Marion at night.
Source: https://www.abc.net.au/news/2019-06-06/spectacular-rare-gold-specimens-unearthed-at-beta-hunt-mine/11174958
or Rare gold specimens unearthed at WA mine compared to 'finding a needle in a haystack' - ABC News [June 2019, Beta Hunt Gold Mine]
Massive Beta Hunt gold specimens on display — Gold Industry Group [October 2018]
Karora Resources - Photo Gallery [unknown date, probably 2022 or later, see below]
Karora Resources makes new high-grade coarse gold discovery at Beta Hunt | Kalgoorlie Miner (kalminer.com.au) [August 2022]
Karora Resources - Beta Hunt Mine
So Bill B is back in gold, in addition to lithium and zinc, although Bill's company does not own the gold mine this time.
Further Reading:
Plain Text Link: https://www.afr.com/companies/mining/mining-rock-stars-beament-and-finlayson-face-their-reinvention-tests-20240322-p5feip
I have included some excerpts from this AFR story about Develop (DVP) and Genesis (GMD) over in this forum post about GMD.
Disclosure: I do hold DVP and GMD shares both here and in real money portfolios that I manage. I also hold MIN shares both here and in real money portfolios, and MIN own half of Mt Marion and are the mine operators there. I sold out of RMS (Ramelius Resources) recently - and RMS are in M&A discussions with Karora Resources Inc., who are listed on the TSX in Toronto, Canada (KRR.tsx). Karora Resources own the Beta Hunt gold mine and were once known as RNC Minerals (or Royal Nickel Corporation) - see here. I do not hold Karora or St George Mining (SCQ) - I used one of SCQ's maps above to show where DVP's Pioneer Dome lithium project was and one of RNC's maps to show where the Beta Hunt gold mine is.
