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Orpheus Minerals Ltd (ASX:ORP) goes IPO

✦ A great uranium lesson for new investors to take note of. This is useful information from Simon Mitchell where you can learn about the roll-front and unconformity style uranium deposits.


Orpheus Minerals Limited (ASX: ORP) is currently completing their Initial Public Offer which will close at 5PM AEST Friday 25 November 2022.




Uranium has lost its shine since 2006 but now with the wave of global acceptance to build more nuclear reactors, the market sentiment for uranium is looking bright.


Simon Mitchell, Managing Director of Orpheus Minerals Limited (ASX: ORP) has extensive experience in the uranium sector and he gives a great summary of why Orpheus is on a path that is now getting some attention.


During the interview, Simon breaks down the Orpheus projects, the market sentiment for uranium and the two major styles of uranium geology.


Jump to interview

The future for uranium is going strong. Orpheus has selected projects in two Australian states that have good uranium mining policies. The company has several strong points which include a good project, an even better management, and a management team with a great wealth of experience in the uranium space, which is rarely seen. There are not many uranium exploration companies that have a staple of uranium experience like Orpheus Minerals Limited.


Lots to learn in this video


Chapters


01:23 Introduction to Simon Mitchell.

02:38 Why Australia for Uranium?

03:37 Australian Uranium Province.

05:47 The Orpheus Paleo-Channel Projects.

06:15 The Orpheus Northern Territory Projects.

06:43 The Frome Project.

07:53 The Two Major Styles of Uranium Geology.

08:56 The Paleo-Channel / Roll-Front Uranium Style.

10:51 Do Paleo-Channel Uranium Projects occur together?

12:53 The Cooking Pot - Mineral System of Uranium Mineralisation.

13:56 Phosphate as a Uranium Pathfinder Mineral.

15:17 The Unconformity Uranium Geology.

20:08 Geological Unconformity Explained.

21:06 The Covid Unconformity Example.

21:25 Why is Uranium going to be in Focus?

26:33 Where is the Uranium Discussion Now?

27:44 What's the Global Nuclear Point of View?

32:34 What is the progress of Nuclear Safety?

34:46 Great Advancement of Safety in the Nuclear sector.

37:09 The Orpheus IPO Progress.

38:04 Key takeaway from Simon Mitchell.

38:39 Key management of Orpheus Minerals Limited.


About Simon Mitchell

Managing Director

BSC (HONS) GEOL, GRAD.DIP. APPLIED FINANCE, MAUSIMM, GAICD, MSEG


Simon Mitchell was appointed Managing Director of Orpheus on 1 November 2021. Mr. Mitchell is a geologist and corporate executive with 31 years of resources industry experience in both technical and finance roles.


From 2015 to 2021, Mr Mitchell was CEO and Managing Director of Southern Gold Limited, an ASX listed gold exploration company with a focus on Australia and South Korea.


Mr Mitchell was General Manager of Business Development with ASX listed uranium exploration and mine development company Toro Energy Limited from 2006 until 2013 where he was responsible for managing the raising of more than US$80m.


Mr Mitchell was also the lead executive for Toro in the A$280m takeover of ASX listed Nova Energy, then owner of the Lake Way-Centipede uranium project, near the town of Wiluna. Subsequent to the Nova acquisition, Mr Mitchell also negotiated a series of deals to consolidate the broader Wiluna Uranium project, doubling the resource base from 24mlb uranium oxide to more than 50mlb uranium oxide.


Prior to Toro Energy, Mr Mitchell had 10 years gold exploration and mine development experience with Normandy NFM, RGC, Goldfields and Aurora Gold in Australia, Bolivia, Chile, Papua New Guinea and Indonesia, and worked for six years at the Commonwealth Bank of Australia, predominantly in Project Finance.


About Orpheus Minerals Limited (ASX:ORP)

Orpheus Minerals Limited was established to explore and discover greenfield uranium deposits in South Australia and the Northern Territory at economic grade and scale. The focus is on sandstone/sediment hosted (paleochannel roll front or structurally controlled) and unconformity (hard rock) uranium deposit types as these are typically higher grade or more simply extracted.


Orpheus’s exploration focus is on the Australian jurisdictions that presently include approved and operating (or recently operating) uranium mines – South Australia and the Northern Territory. These are also the jurisdictions considered to have high prospectivity for economic uranium deposits and have the regulatory systems at both state and federal level supportive of the development of new uranium mines.


Orpheus Minerals is an Australian unlisted public company, incorporated on 21 August 2020 by its current parent company, Argonaut Resources NL (ASX:ARE) (Argonaut).


Following a strategic review by Argonaut of its assets, Argonaut decided to demerge its uranium exploration projects via the Offer, which is considered to be a partial, non-standard spin-out. Argonaut shareholder approval for the demerger for the purposes of ASX Listing Rule 11.4 was received on 30 September, 2022.


Download Orpheus Minerals IPO Prospectus by clicking on the image below

Download Orpheus Minerals IPO Prospectus as featured in Brilliant-Online

Contact Orpheus Minerals Limited (ASX:ORP)


Address: Level 6, 100 Pirie Street, Adelaide SA 5000

 

Disclaimer


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About the Author


Noel Ong, CEO of Samso tells compelling stories by engaging business leaders to reveal insights beneficial to the investment community.


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Samso helps executives tell ASX stories that pique interest.

t/ +61 490 092 814

 

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