Next Thursday Goldplat (LON:GDD), Leyshon Energy (LON:LEN), Mariana (LON:MARL) are all speaking at their first 2014 Proactive forum and we're anticipating exciting updates on their developments from the year. To register please click HERE.
The management of African gold recovery specialist Goldplat have made no bones about the challenges they have faced over the past 12 months. A lower gold price and a weaker Rand have played their part in what has been a tough year for the AIM-listed company.
However, with a new management team at the helm, the company has knuckled down to move back to profitability.The new CEO and COO have refocused the gold recovery operations, which recover gold from by-products of the mining process such as woodchips and fine carbon, and the cost-cutting drive already appears to have paid off.
Chief operating officer, Hansie Van Vreden, one of the new recruits, will be joining us at the Chesterfield to talk us through the turnaround and why platinum group metals could play an important part in its future.
Earlier this year Leyshon Energy took the sensible-looking decision to separate its energy and mineral businesses. Leyshon Energy demerged from AIM and ASX-quoted sister company Leyshon Resources, a move that has allowed it focus on the Zijinshan Gas Project on the eastern fringe of the prolific Ordos Basin in central China.
It takes time, money and multiple well iterations to crack the code of these complex shale and coal formations, but COO Frank Fu knows these rocks well, after 20 years on its Shanxi Province acreage.He recently oversaw the drilling and testing of the nearby Sanjiaobei and Linxing gas discoveries and that experience gives the AIM newcomer some heavyweight credibility as it advances its unconventional gas business in China.
China's fledgling gas sector needs experienced hands, but with upwards of 3 TCF of gas on its lands the potential is certainly there to build a significant gas business in an energy-hungry region. Joining us to put meat on the bones is chief executive, Paul Atherly.
Mariana Resources is using the current tough market for junior miners quietly to build an impressive early stage exploration portfolio.Originally focused on Argentina, its latest deal saw it pick up four “highly prospective” gold, copper and silver projects on the Tethyan Porphyry-Epithermal Belt of Turkey and two exploration prospects in Northern Chile, close to a number of recent discoveries.
It adds to exploration already underway in Peru at its flagship project Soledad and Condor de Oro while the original assets in Argentina continue to throw up nice surprises. In June for example, Mariana identified a potentially huge new gold/silver deposit at Los Cisnes in Santa Cruz, with the system twice as large as its existing Las Calandrias discovery in Argentina that has a resource of 519,000 ounces gold equivalent.
Chief executive Glen Parsons recently re-affirmed the company is committed to its strategy in spite of the continued current global exploration downturn, commodity price softening and the ongoing political situation in Argentina. Glen will join us in person to explain the strategy and why now is such an opportunity period for the company.
Please join us at 5:45pm to allow for a prompt 6pm start. Each company has approximately 30 minutes to give a short presentation and for Q&A. This will be followed by the 'Champagne Raffle' where four guests will win a bottle each.
The evening will end with a drinks reception with canapés.