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Spotlight on Emerging Juniors at the 2024 RIU Explorers Conference

9 February 2024 12:41
Spotlight On Emerging Juniors At The 2024 RIU Explorers Conference

The annual RIU Explorers Conference is set to once again take centre stage as the premier Western Australian forum for the junior resources sector.

Scheduled to be held from the 13th to 15th of February this year, at the esteemed Esplanade Hotel Fremantle – by Rydges, this event promises to be a gathering of industry leaders, investors, and stakeholders eager to delve into the latest developments, trends, and opportunities within the resources industry.

A Platform for Innovation and Discovery

The RIU Explorers Conference consistently draws a significant turnout from both established entities and emerging companies operating within the junior and mid-cap resources sector.

This event provides a platform for participants to present their achievements in exploration and production, offer updates on technological advancements, and showcase corporate performance.

One notable aspect of the conference is its capacity to assemble a wide range of industry experts, facilitating an atmosphere conducive to collaboration, information exchange, and networking opportunities.

Spotlight on Emerging Companies

One of the most exciting aspects of the RIU Explorers Conference is its knack for uncovering promising new ventures.

While established players have historically dominated the industry spotlight, this event provides a unique opportunity for emerging companies to showcase their potential and carve out their place within the sector.

Ora Gold (ASX:OAU)

Amidst a bullish outlook for gold in 2024, driven by factors such as geopolitical tensions and inflationary pressures, Ora Gold, a junior gold explorer with a market capitalisation of $36.98 million and assets located in WA, has made significant strides in its Garden Gully Project near Meekatharra.

The Company’s comprehensive drill program in 2023, totalling 21,858 metres, played a pivotal role in augmenting the Mineral Resource Estimate (MRE) for the Crown Prince Prospect to 240,000 ounces of gold at a grade of 4.1g/t Au.

Moreover, Ora Gold has identified a maiden resource at the Southeastern zone within the Garden Gully Project, recording 164koz at 5.2g/t Au.

This new discovery underscores the Project’s vast potential, particularly given its strategic location in the prolific Murchison gold district. With a significant portion of the resources falling into the Indicated JORC category and the shallow nature of the mineralisation, Ora Gold is poised for further growth and development.

Looking ahead, the Company’s strategy revolves around advancing drilling and exploration programs, with a focus on expanding the resource inventory and enhancing the economic prospectivity of the Crown Prince Prospect.

TG Metals (ASX:TG6)

TG Metals Limited is actively pursuing its exploration efforts at the Burmeister prospect within the Lake Johnston Li-Ni-Au Project.

In 2023, the Company experienced major highlights with the significant discovery of the Burmeister lithium prospect in Western Australia, which subsequently led to a successful $10 million capital raising towards the end of the year, facilitating the advancement of exploration activities and further delineation of the deposit.

The ongoing drill program, which commenced this year, employs both Reverse Circulation (RC) and Diamond Drilling (DD) rigs aimed at further investigating the lithium potential at Burmeister.

This phase of drilling focuses on testing for lithium pegmatites beneath previously intercepted zones, as well as targeting up-dip extensions and continuity along strike.

Recent assay results from the 2023 drilling campaign have showcased encouraging outcomes, with notable intersections including 17.8 metres at 1.66% Li2O and 4.0 metres at 1.21% Li2O, indicating the presence of high-grade spodumene lithium.

TG Metals remains focused on advancing their drilling activities, with plans for further resource drill-out phases and continued progress in permitting for exploration at the Jaegermeister lithium prospect.

Kali Metals (ASX:KM1)

Kali Metals, a recent spinout of Kalamazoo’s Australian lithium assets, made a remarkable debut on the ASX earlier this year, with its IPO closing in less than 20 minutes after opening, raising $15 million at 25 cents per share.

The IPO was heavily oversubscribed, attracting high-profile top 20 holders and aggressive on-market buying from Mineral Resources.

Notably, the Company’s shares briefly soared to 89 cents, marking a 256% gain from its IPO price, underscoring the enthusiasm surrounding Kali Metals’ entry into the market.

With a pro forma cash balance of $14.9 million, Kali Metals is well-positioned to advance its exploration efforts, particularly in its lithium projects across Western Australia, including Pilbara, Kalgoorlie, and New South Wales-Victoria regions.

Furthermore, Kali Metals has garnered attention for its strategic partnerships and substantial backing from industry giants. Top 20 holders include influential figures such as MinRes’ Managing Director Chris Ellison and Rod Jones, founder and Chairman of Navitas, among others.

Despite declining a joint venture offer from MinRes, Kali Metals’ focus on lithium exploration remains strong, with significant potential for value creation in the future.

Investors are drawn to Kali Metals’ promising exploration portfolio, coupled with its strong financial position and backing from industry heavyweights, positioning the Company as a compelling opportunity in the lithium sector.

Matsa Resources (ASX:MAT)

Matsa Resources Limited emerges as a dynamic player in the resource exploration sector, showcasing its recent achievements and strategic initiatives in both gold and lithium exploration with a focus on its flagship Lake Carey Gold Project in Western Australia and burgeoning lithium projects in Thailand.

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Figure 1: Matsa’s Lake Carey gold project and lithium and base metals projects

Set to embark on exploration activities for lithium in Southern Thailand, following recent successes in the region by peers like Pan Asia Metals.

Armed with 65 prospecting licenses covering over 942 square kilometres, Matsa’s venture aims to tap into lithium occurrences identified by Thailand’s Department of Minerals and Resources.

Leveraging nearology and strategic positioning near Pan Asia Metals’ Reung Kiet Lithium Project, Matsa plans to focus its initial exploration efforts in the Phang Nga province, adjacent to the Reung Kiet area, with the goal of identifying drill-ready targets expeditiously.

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Figure 4: Ratchaburi granted SPL tenements in red – western Thailand

With a pending cash injection from the sale of its Red October and Devon gold projects, Matsa is well-equipped to advance its Thai projects and capitalise on Thailand’s burgeoning mining landscape.

Chairman Paul Poli envisions Thailand as an emerging mining frontier ripe with opportunities for significant discoveries, driven by its highly prospective geology and strategic proximity to China, suggesting a promising future for Matsa’s exploration endeavours in the region.

You can find further information about the 2024 RIU Explorers Conference online here or by clicking to view the full 2024 programme.

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