✦ Patience is key, and it is helping the company discover a new mineral camp or province - the Side Well Project.
Noel Ong, CEO of Samso has finally managed to get Andrew Paterson, Managing Director of Great Boulder Resources Limited (ASX:GBR) to share his insights over a cup of Coffee with Samso.
Noel has been an advocate for mineral exploration for a long time. The recent discovery of Great Boulder Resources Limited's Side Well Project affirms his belief.
The Great Boulder story is one that he has been following since 2020. It has taken a while for the planets to be aligned, but Noel finally managed to get the Managing Director, Andrew Paterson to join him for a chat.
As they say, better late than never, and their recent conversation is making Noel even more eager to follow their development.
When Noel first looked at Great Boulder Resources, they were a company with a market capitalisation of less than AUD10M. Today, they are sitting at AUD52M.
For Noel, he understands that punters are going to see this as a 5 bag investment that has been played out. Considering that the company has a discovery but not the resource or even the initial information of building a resource, the AUD52M market cap is the premium one would be willing to pay for a safer "punt".
Given the current state of the world, investors would need to be careful about their investments. With the situation in Ukraine and the inflationary circumstances of the post pandemic world, there is much threatening the stability of the life we now have. What this means is, any investment would need to be more calculated than before, and money that goes into exploration stocks has more risks.
With or without these challenging times, Noel never tires of stressing how important it is to have an in-depth look into the technical aspects of a company and how it is managed.
Great Boulder Resources Limited has some great stories, and one cannot deny that their recent discovery in a new tectonic setting is highly attractive. One could say that they have discovered a new mineral camp or province.
Noel found Mr. Paterson to be a straight shooter and technically versed to share his thoughts. What he appreciates is his lack of blue sky narrative and his realistic expectations of what's to come. This is a thought leader you'd want to pose your questions to.
Tune in to the new discovery with Great Boulder Resources Limited.
Chapters:
00:00 Start
00:20 Introduction
02:22 How is Andrew's mining experience helping his current position in GBR.
05:43 The Side Well Story.
09:42 What was the target that discovered Side Well?
11:34 Is this a new camp or province for gold mineralisation?
15:47 Is the epithermal system creating the higher gold grade?
16:22 Diamond drilling is happening now.
16:39 Is continuation of mineralisation expected?
17:33 The 500m prospective 500m gap.
18:35 Is the geophysics helping exploration?
19:31 Wellington Project.
21:15 The nearology concept.
21:34 Whitehead Project.
22:50 The grades and intercepts at Whitehead is not small.
24:32 Will the prospectivity of Whitehead create an issue for GBR in terms of work required?
25:58 Focusing on what is best for the company is critical.
26:47 Gold market conversation.
29:32 What is the News flow?
32:32 Where is the confidence of drilling results coming from?
35:51 Is your understanding of geophysics and geochemistry driving your drilling confidence?
37:51 What would you say to investors who think the share price uplift is over?
38:59 GBR value should be higher with the potential to come.
40:13 Last words from Andrew.
42:36 Conclusions
Remember to download the first Ebook (FREE) from Samso as it is all about VMS (Volcanogenic Massive Sulfides).
About Andrew Paterson
Andrew is a geologist with over 25 years’ experience in mining and exploration in Australia and PNG. After graduating from WASM in 1993, he spent several years in surface and underground gold and nickel mining operations around the WA Goldfields before moving into a management role with Harmony Gold.
Since then, Andrew has managed diverse programs exploring for gold, nickel, iron ore and lithium for companies including Atlas Iron and Focus Minerals. In 2016 Andrew was part of the management team that recapitalised Kingston Resources, leading to Kingston’s successful acquisition of the 2.8Moz Misima Gold Project in PNG.
About Great Boulder Resources Limited (ASX: GBR)
Great Boulder is a mineral exploration company looking for gold and base metals in Western Australia. With over 1,000km2 of tenements spread across its key projects at Kalgoorlie, Meekatharra and Yamarna the Company is leveraged for exploration success.
Having made two large-scale copper-nickel sulphide discoveries at Yamarna within two years of listing, GBR has a track record of exploration success backed by a strong technical team. Early-stage exploration success on the gold projects in recent months have now set the Company up for an exciting year ahead.
Contact Great Boulder Resources Limited
Registered and principal office:
Level 1, 51 Colin Street, West Perth, Western Australia 6005
PO Box 677 West Perth, Western Australia 6872
Disclaimer
This article is sponsored content.
ASX companies engage Samso and Brilliant-Online to share their commentary on the progress of their companies and projects. The author, owners of Samso and Brilliant-Online and associated entities may or may not hold shares of these companies.
The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. - Samso
About the Author
Noel Ong, CEO of Samso tells compelling stories by engaging business leaders to reveal insights beneficial to the investment community.
Contact Samso
Samso helps executives tell ASX stories that pique interest.
t/ +61 490 092 814
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