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Perth Brokers Lunch wrap

28 October 2022 13:57

On Wednesday, Jane Morgan Management brought companies and brokers together for its Perth Broker lunch, the first since the onset of COVID-19.

The Market Bull was lucky enough to tag along to get first-hand information on the assembled movers and shakers.

C29 Metals (ASX: C29)

C29 Metals executive technical director Mark Major was the first to take the microphone.

C29 was a late addition to the afternoon’s lineup but after a massive 90 per cent jump on the ASX the day before, all eyes were on Major.

Originally focused on copper, C29 has made a quick turn into the burgeoning lithium market and has just secured two exploration licences for some land highly prospective for lithium salars in South America’s lithium triangle with emerging technology in hand to meet unprecedented demand.

Major said with C29’s use of technology, it is able to get high-quality lithium to the market faster and believes that the battery-critical metal is in it for the long haul.

“15 years’ time and we will still be talking about lithium.”

Monger Gold (ASX: MMG)

Monger Gold was up next, and it was made clear that lithium would be the word of the day, with the company announcing that it too would be shifting towards lithium, going so far as changing its name to Loyal Lithium Limited.

The explorer recently acquired Scottie lithium project in the legendary Nevada desert, with it being the main focus of the company’s speech at the event.

Scottie adjoins and surrounds the Bonnie Claire project, one of North America’s largest lithium resources and is located 330km from EV giant Tesla’s Gigafactory, the company is actively preparing a variety of exploration activities to kick off by the end of this year and into the next.

Caprice Resources (ASX: CRS)

Up next was Western Australia-focused gold and base metal exploration company Caprice Resources, remaining optimistic about the safe haven metal.

The company spoke about its two main project areas: Mucherson, made up of over 150 square kilometres of licences in a historical mining district, and Northhampton which has over 1,170 square km of land known for high-grade copper, lead and zinc.

Hiremii (ASX: HMI)

Breaking up the stream of exploration companies was Hiremii technology-based recruitment company made up of two parts.

First is Hiremii technology, a cloud-based platform that uses machine learning and artificial intelligence to cut down manual labour in recruitment by automatically processing, preventing and shortlisting candidates.

The second is Inverse a group, A recruitment business that provides specialist recruitment for the energy, technology and resources sectors.

Basin Energy (ASX: BSN)

If lithium was the world of the day, uranium was a close second as Basin Energy took the stage detailing its holdings in Canada’s world-class Athabasca Basin.

Uranium has been staging something of a comeback tour as the world works towards net zero carbon emissions by 2050 and Basin hope to get in on the ground level, holding projects surrounded by high-grade uranium deposits such as Cigar lake (349.3Mlbs @15.7 per cent U3O8) and Mcarthur river (674.9Mlbs@17.0 per cent).

Elevate Uranium (ASX: EL8)

While Basin has staked its claim in Canada, Elevate Uranium has set up shop in Nambia, holding a large tenement position in the world-renowned Erongo Uranium Region.

Elevate put great focus on how well-established Erongo’s uranium mining industry is, touting the region’s experienced and skilled workers, and how supportive the government is of the area’s uranium prosperity.

The Company also detailed its breakthrough and wholly owned U-pgrade benefaction process which reduces ore mass by 95 per cent prior to leech.

Conrad Asia Energy (ASX: CRD)

The discussion remained on energy as Conrad Energy came up next.

Conrad placed focus on Southeast Asia, exploring and developing a number of natural gas projects in the offshore waters of Indonesia, including holdings in the Mako Gas field, one of the largest undeveloped gas resources in the world.

The Company believes it is well-positioned for the next decade and beyond with Asia expected to deliver strong growth in demand for gas and LNG.

Eagle Mountain Mining (ASX: EM2)

Metals returned to the stage with copper-focused Eagle Mountain Mining.

The company detailed a flagship Oracle Rig project in Arizona, an advanced-stage underground copper/gold/silver project where it hopes to supply high-grade material while maintaining low emissions.

While the project is also targeting gold and silver, EM2’s spokesperson maintained that copper remained the focus, with the company believing as interest in battery-critical metals grows, copper is set for a resurgence.

Vmoto (ASX: VMT)

High-quality electric scooter manufacturer and distributor Vmoto closed things out.

Amidst a growing EV market, Vmoto hopes to become a leader in the international market, with a wide array of bikes and scooters ranging from delivery scooters to high-performance bikes, combining low-cost manufacturing with high-performance design.

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