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Fastnet Oil & Gas, Caledonia Mining, Bushveld Minerals and ARC Exploration to present next week

Proactive is at its globetrotting best next week as our hunt for the best and most exciting natural resources stories brings another four growth companies to its One2One forum.


Proactive is at its globetrotting best next week as our hunt for the best and most exciting natural resources stories brings another four growth companies to its One2One forum.

Presenting will be Fastnet Oil & Gas (LON:FAST), Caledonia Mining (LON:CMLC), Bushveld Minerals (LON:BMN) and ARC Exploration (ASX:ARX).

Join us at the Chesterfield Mayfair Hotel on Wednesday, November 27 by securing your place HERE.

Fastnet Oil & Gas is positioned as one of the early movers in Morocco, which is fast becoming a top hydrocarbon frontier.

In the coming months the group’s interests in Morocco are primed to excite with both near-term production opportunities onshore and big-bang exploration opportunities offshore.

One of the focal points first will be news of the pending farm-out of a portion of its 18.75% stake in the high profile Foum Assaka, a deep-water licence, where BP recently moved in as a partner.

It’s a big commitment from the UK major, and Paul Griffiths, Fastnet’s managing director, sees it as an unequivocal validation of the potential offshore Morocco.

Last week, exclusive negotiations with one un-named company moved into the final stages to work out the finer points of the tie-up. The deal is expected to involve a significant contribution to past costs as well as a ‘carry’ on the drilling costs.

The drill programme is expected to start in the first quarter next year. 

Paul is here to tell us more.

The softness of the gold price has not prevented Caledonia Mining from continuing to make profits, aided in no small part by the company’s efficiency drive.

Lots of miners are talking about cost cutting at present but Caledonia is delivering, with the total cost of producing gold at its 49%-owned Blanket mine in Zimbabwe dropping below US$1,000 an ounce in the third quarter.

Management had already raised guidance on full-year production to around 44,000 ounce, from its previously indicated target of 40,000 ounces.

Being one of the few junior gold miners paying a dividend also marks Caledonia out from the herd.

As president and chief executive Stefan Hayden put it recently: “As a low-cost producer with a robust balance sheet, Caledonia is well-positioned to continue to implement its growth strategy, notwithstanding the current volatility in the gold price.”

Joining us at the Chesterfield will be VP Mark Learmonth to explain how it will build on its success.

Meanwhile, Bushveld Minerals has made rapid progress this year.

With the recent takeover of Lemur Resources (ASX:LMR) this mini-mining conglomerate has added a coal asset worth an estimated US$40mln to its portfolio of iron and tin and brought in around US$17mln in cash.

Bushveld's own iron ore and tin projects in South Africa have significant value in their own right, none of which is in any way reflected in the £9.5mln current market cap of this AIM junior.

Chief executive Fortune Mojapelo is here to tell us how this disconnect with the market will be closed and to update on Lemur’s integration.

ARC Exploration is an Australia-listed junior gold explorer with flagship properties in Indonesia, where it has two projects fully funded through a tie-up with Anglo American.

Scout drilling has been performed on its Trenggalek copper-gold porphyry project in East Java to test for potentially economic gold intercepts and the good news is that the drilling found lots of them; gold mineralisation intersected in the principal veins (Sentul, Kojan and Buluroto) is open in all directions and at depth, the company revealed.

At Papua, the second of the Indonesian prospects, ARC has 20% carried interest until a decision to mine, and once again it is working in cooperation with mining giant Anglo American.

Back in the homeland of Australia, the company has another project with tremendous potential in the form of 77,000 ounce Dobroyde gold deposit in New South Wales.

Anglo American clearly thinks the company is worth backing. Here to explain why you should think likewise is CEO Jeff Malaihollo.

Please join us at 5:45pm  to allow for a prompt 6:00pm start. Each company has approximately 30 minutes to give a short presentation and for Q&A. Followed by the 'Champagne Raffle' where 6 lucky guests will win a bottle each.

The evening will end with a  complimentary bar and an assortment of canapes, giving you the opportunity to speak with the directors and other investors.

Quick facts: Caledonia Mining Corporation PLC

Price: 1175 GBX

Market: AIM
Market Cap: £142.4 m

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Caledonia Mining Corporation acquires option to explore previously producing...

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