✦ We spoke to Pat Williams, Managing Director of Revolver Resources Limited (ASX: RRR) about unlocking the potential of Dianne and Osprey
There is much to explore with Revolver Resources Limited (ASX:RRR). Especially now with its development of a great copper deposit.
The company had been working on two little-known assets in north western Queensland, Australia for the past seven years in a private capacity. They were listed in 2021.
What we do know now is that the company is well funded, cashed up and in the process of unlocking the potential of the Dianne and Osprey projects. These are the two projects headlining the company and both are showing enormous potential.
Pat Williams, Managing Director, talks about how the company is dedicated to producing value for shareholders. It is systematically going through exploration while also keeping a firm hand on costs. The company also has a talented and experienced Board of Management and they are hands on actively exploring its tenements and pursuing further acquisitions as well as creating additional shareholder value.
The recent discovery of the Green Hill corridor is really showing up the potential of Dianne. Results from the Green Hill prospect are showing that the size could grow further. Operation on site commenced in the first half of Oct 2021-2022 and continues in the wet tropics. Completed work includes surface mapping, regional surface sampling, an extensive IP program and a 17 hole DD program. Diane is open in 3 remaining directions.
And as for Osprey, it is poised to be a Tier 1 project. The company has conducted 3 IP programs and continues building the geophysical signatures. The project is already showing indicators of a halo typical of an IOCG (Iron Oxide Copper Gold) system.
Listen to Pat Williams here:
01:10 The Dog with two Tales.
01:30 Pat Williams Introduction.
04:50 Transition from private company to public listed.
07:03 The Dianne Copper Project.
14:56 The prospectivity of projects like Diane.
16:50 Is the Dianne project an underexplored system?
24:11 The Green Hill prospect.
26:43 The other project - Osprey.
34:12 The value of WMC projects.
36:17 The pedigree of Osprey.
40:48 What could hamper your project and how are you countering these issues?
45:21 What are the news flow that investors can expect?
49:14 Why RRR?
About Patrick Williams
Qualifications: BAppSc (Mining Geology), MSc (Mineral Economics), MAus/MM
Pat Williams has worked in the global resources business for more than 30 years where he has held senior roles with several international mining operations from the front line through to the boardroom. Working through a range of senior production and management roles with BHP and Anglo American, Pat gained strong operational management expertise over a 15-year duration. As COO of global mining services company Runge Ltd, Pat stewarded the business through IPO and various M&A transactions. Pat has extensive experience leading small, medium and large-sized operations teams to deliver safe, efficient project outcomes, on time and on budget.
Pat has led value creation at operational, business, commercial and shareholder levels through all facets of the commodity cycle journey. He is differentiated from his peers by this rare mastery of business strategy, operational discipline, human leadership and commercial acumen. His knowledge encompasses resources planning, processing, infrastructure, logistics, operations, projects, maintenance and sales.
About Revolver Resources (ASX:RRR)
Revolver Resources (ASX: RRR) is an Australian listed copper exploration company focused on the development of natural resources for the world’s accelerating electrification. Our near-term focus is the exploration and development of advanced copper projects in Queensland.
Copper sits at the heart of the world’s acceleration to net zero emissions through electrification. Concurrent with a new commodity super cycle that is forecast to drive a surge in long-term demand for copper, the most cost-effective conductive material, Revolver Resources has copper projects located in premier polymetallic provinces, the North-West Minerals Province and the Hodgkinson province located in northern Queensland.
Our portfolio includes the Dianne Project, a near-term production prospect north-west of Cairns comprising six mining leases and an exploration permit, and the Osprey Project, consisting of six exploration permits north of Mount Isa with established prospectivity for IOCG and Mount Isa style targets.
Since our inception, multiple drilling programs and geological and geophysical works have increased the company’s confidence in its tenure. Following our listing, new work programs are to be accelerated at both projects, in parallel, to better quantify the known resources. At Dianne specifically, the company will progress the orebody through JORC code definition, as well as identify potential extensions and repeats within the tenure.
Revolver’s leadership team has extensive experience in the natural resources sector and has established strong connections with all relevant stakeholders including landholders, traditional owners, community representatives and government.
Contact Revolver Resources Limited
a/ Revolver Resources Holdings Ltd ACN 651 974 980
Level 23, 240 Queen Street, Brisbane QLD 4000, Australia
a/ PO Box 167 RedHill, Qld 4059 Australia
p / +61 7 3016 5000
f/ +61 7 3016 5100
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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.
Samso helps executives tell ASX stories that pique interest.
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