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NEW AGE EXPLORATION LIMITED

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Completion of Placement and Redmoor Drilling Commencement

ASX Announcement 26 June 2018 

New Age Exploration Ltd (“NAE” or “the Company”) is pleased to provide an update on its placement, led by CPS Capital, to raise $1.6 million, as announced on 19 June 2018 (“the Placement”). Tranche 1 of the Placement has now been fully completed raising $728,000 enabling the Company to fund it’s share of the recently commenced 2018 Redmoor drilling programme and maintaining its 50% shareholding in Cornwall Resources Limited.

HIGHLIGHTS 

  • Tranche 1 of the Placement now completed raising $728,000 via the issue of 112,000,000 shares issued at 0.65 cents per share.
  • Firm commitments received for Tranche 2 of the Placement to raise a further $872,000 via the issue of 134,153,846 shares, to be issued subject to shareholder approval, at 0.65 cents per share. 
  • A Notice of Meeting for a meeting of NAE shareholders to be held on 26 July 2018 will be dispatched today to approve; 
    • The issue of shares for Tranche 2 of the Placement, 
    • The issue of shares to CPS Capital for payment in full of their broker fee for the Placement, 
    • Refreshment of the Company’s placement capacity.
  • NAE will fund its £332,000 share of the Redmoor 2018 Phase 1 Drilling Programme costs and retain its 50% ownership in Cornwall Resources Limited. 
  • Drilling re-commenced on site at Redmoor last Friday 22 June 2018. 
  • The 2018 Redmoor Phase 1 Drilling Programme will target an increase in both the tonnage and grade of the Redmoor High Grade Inferred Resource.

NAE Managing Director, Gary Fietz, commented: “The funds raised from Tranche 1 of the Placement will be mainly applied to the fully funded drilling programme already underway at Redmoor aimed at extending the high-grade resource. Drilling will be targeted below the current resource where grades have shown a tendency to increase with depth. Also importantly NAE will maintain its 50% ownership in Cornwall Resources Limited and the Redmoor Project.”

Completion of Tranche 1 of the Placement

On 19th June 2018, the Company announced a placement led by CPS Capital to raise $1.6m from sophisticated investors in two tranches (“the Placement”).

Tranche 1 of the Placement is now completed raising $728,000 via the issue of 112,000,000 shares issued at 0.65 cents per share.

Firm commitments have been received for Tranche 2 of the Placement to raise a further $872,000 via the issue of 134,153,846 shares, to be issued subject to shareholder approval, at 0.65 cents per share.

A Notice of Meeting for a meeting of NAE shareholders to be held on 26 July 2018 will be dispatched today to approve;

  • The issue of 134,153,846 shares for Tranche 2 of the Placement, 
  • The issue of up to 14,769,231 shares to CPS Capital for payment of their broker fee for the Placement, being 6% of the total funds raised. CPS has elected to take its brokers fee in full by way of the issue of shares at a deemed issue price of 0.65 cents per share. 
  • Refreshment of the Company’s placement capacity.

Cornwall Resources Limited Funding

NAE will fund its £332,000 share of the Redmoor 2018 Phase 1 Drilling Programme costs by way of participating equally with its JV partner, Strategic Minerals Plc (“SML”), in a Cornwall Resources Limited placement to raise £664,000, to be undertaken during the week commencing 2 July 2018. 

As a result, the loan and underwriting arrangement provided by SML to enable early commencement of drilling will then be cancelled.

Commencement of Redmoor 2018 Phase 1 Drilling Programme

Drilling re-commenced on site at Redmoor last Friday 22 June 2018. The 2018 

Redmoor Phase 1 Drilling Programme will target an increase in both the tonnage and grade of the Redmoor High Grade Inferred Resource. 

The High Grade Inferred Resource1 shows a significant increase in grade (SnEq) with depth from the surface.

Click here to view the full announcement 



NAE Secures $1.6m to develop the Redmoor Tin and Tungsten project

ASX Announcement 21 June 2018 

New Age Exploration Ltd (ASX: NAE) is pleased to advise that firm commitments have been received from clients of lead manager, CPS Capital, to undertake a placement to raise $1.6 million (the ‘Placement’). The Placement will be undertaken via the placement of 246,153,846 new shares at an issue price of $0.0065 (0.65 cents) per share to raise a total of $1,600,000 under a two-tranche arrangement, with the second tranche subject to shareholder approval.

Highlights 

  • $1.6m Placement to fund the Redmoor tin and tungsten project and working capital requirements was heavily oversubscribed. 
  • Funds the Company’s 50% share (£332,000) of the Redmoor 2018 Phase 1 drilling programme and maintaining NAE’s 50% share of the Redmoor tin and tungsten project.
  • The drilling programme will target an increase in both the tonnage and grade of the Redmoor High Grade Inferred Resource. 
  • Tin and Tungsten fundamentals have continued to remain strong. 
  • NAE’s 100% owned Lochinvar Coking Coal Project is a significant strategic asset that could generate further value for shareholders with hard coking coal benchmark prices now over US$200/t.

Details of the Placement 

  • Tranche 1 of 112,000,000 shares at an issue price of 0.65 cents per share to raise $728,000 before associated costs will be issued to sophisticated investors pursuant to the Company’s available capacity under Chapter 7 of ASX Listing Rules (66,914,267 shares under LR7.1 and 45,085,733 shares under LR7.1A). Settlement and allotment of Tranche 1 shares is due on 25 June 2018. 
  • Tranche 2 of 134,153,846 shares at an issue price of 0.65 cents per share to raise $872,000 before associated costs will be issued to sophisticated investors subject to shareholder approval at a forthcoming EGM on or about 26 July 2018, whereby the Company expects that the resolution relating to Tranche 2 will be approved by shareholders. Settlement and allocation of Tranche 2 shares is expected on about 1 August 2018, subject to shareholder approval.

CPS Capital have elected to take their broker fee payable only in shares, at the Placement price of 0.65 cents per share, which will be issued on completion of the Placement subject to shareholder approval. Following completion of the Placement NAE will have 711,780,410 fully-paid ordinary shares on issue.

NAE Managing Director, Gary Fietz, commented: “We are delighted by the strong interest in the placement and the funds raised will initially be applied to drilling about to commence at Redmoor aimed at extending the high-grade resource, directly below the current resource where grades have shown a tendency to increase with depth based on results to date. CPS Capital’s request to take their broker fee only in shares demonstrates their support of the Company and their positive view on the value of our projects and we look forward to the continued relationship with CPS Capital going forward.”

Click here to view the full announcement 

New Age Exploration Limited@NAE_Exploration

UK unveils extensive new plan to go all-electric by 2040 https://electrek.co/2018/07/09/uk-extensive-new-plan-all-electric-2040/ … via @FredericLambert


New Age Exploration Limited@NAE_Exploration 1

Key activities ahead for $NAE: Redmoor #Tin & #Tungsten Project – results from drilling (ongoing), resource update (Q4 18), PFS (H1 19) Lochinvar #CokingCoal Project – seeking investment to move project forward Full interview with our MD Gary Fietz: https://bit.ly/2u4iu7r 



New Age Exploration Limited@NAE_Exploration 1

$NAE drilling to demonstrate that Redmoor is a "world-class deposit – already one of the top five #tin and #tungsten resources globally in terms of grade". – Hear Gary Fietz summarise the objectives of the drilling program underway at our flagship project:



New Age Exploration Limited@NAE_Exploration

$NAE New Age Exploration drilling to demonstrate 'Redmoor is a truly world-class deposit' http://tinyurl.com/ycrkbuvg  via @proactive_au  #NAE #brighterir #AndrewScottTV #CapitalNetwork1



New Age Exploration Limited@NAE_Exploration

New Age Exploration Limited Retweeted Cornwall&IoS LEP

Encouraging to see the launch this week of a new Cornwall investment fund to help growing small businesses across the region


New Age Exploration Limited@NAE_Exploration 1

Drilling commenced yesterday at Redmoor.  Core from top of first hole in the the Cornwall Resources 2018 programme in the core tray! @PriorityDrill #tin #tungsten


New Age Exploration Limited@NAE_Exploration

Priority Drilling's rig arrived on site yesterday at Redmoor. Looking forward to re-starting drilling aimed at extending and increasing the grade of the Redmoor high grade tin-tungsten-copper resource in Cornwall! #tin #tungsten @PriorityDrill


New Age Exploration Limited@NAE_Exploration 

Drilling equipment loaded in Priority Drilling's yard in Ireland on it's way to Cornwall Resources Redmoor Project in Cornwall  #tin #tungsten


New Age Exploration Limited@NAE_Exploration 

Cornwall mining, the Poldark effect and what could happen next


Click here to view NAE on Twitter

New Age Exploration raises capital to advance drilling at Redmoor Tin-Tungsten Project

New Age will maintain its 50% ownership in Cornwall Resources Limited and the Redmoor Project.

New Age Exploration Ltd (ASX:NAE) has completed tranche 1 of its $1.6 million placement, raising $728,000 via the issue of shares at 0.65 cents per share.

Firm commitments have already been received for tranche 2 of the placement to raise a further $872,000 via the issue of shares at the same price.

The new funds will enable New Age to fund its share of the recently commenced 2018 Redmoor drilling program and to maintain its 50% shareholding in Cornwall Resources Limited.

READ: New Age Exploration to recommence drilling to expand high-grade tin-tungsten resource

New Age re-commenced drilling on site at the Redmoor Tin-Tungsten Project in Cornwall, UK on 22 June 2018.

The phase I drilling program is aimed at upgrading the Redmoor high-grade inferred resource of 4.5 million tonnes at 0.37% tungsten, 0.25% tin and 0.57% copper for a 1.0% tin equivalent grade.

Drilling will be targeted below the current resource where grades have shown a tendency to increase with depth.

Cornwall Resources Limited funding

New Age will fund its £332,000 share of the Redmoor 2018 phase I drilling program costs by way of participating equally with its JV partner, Strategic Minerals Plc, in a Cornwall Resources Limited placement to raise £664,000, to be undertaken during the week commencing 2 July 2018.

As a result, the loan and underwriting arrangement provided by Strategic Minerals to enable early commencement of drilling will then be cancelled.


New Age managing director Gary Fietz said: “The funds raised from tranche 1 of the placement will be mainly applied to the fully funded drilling program already underway at Redmoor aimed at extending the high-grade resource.

“Also importantly New Age will maintain its 50% ownership in Cornwall Resources Limited and the Redmoor Project.”

Click here to view the article


New Age Exploration secures funding for tin tungsten project

By funding the upcoming drilling program, the company maintains its 50% project equity.

New Age Exploration Ltd (ASX:NAE) has secured $1.6 million in commitments for a two-tranche share placement priced at 0.65 cents per share.

The funding will go towards the company’s flagship 50% owned Redmoor Tin-Tungsten Project in Cornwall, UK.

Specifically, the money raised will go towards paying the company’s 50% share of the Redmoor 2018 phase I drilling program amounting to £332,000.


New Age’s managing director Gary Fietz said: “We are delighted by the strong interest in the placement and the funds raised will initially be applied to drilling about to commence at Redmoor aimed at extending the high-grade resource, directly below the current resource where grades have shown a tendency to increase with depth based on results to date.”

Lead manager elects to take fee in shares

In a show of confidence for the company, the placement’s lead manager CPS Capital has elected to take their broker fee payable only in shares at the placement price.

The shares will be issued on completion of the placement subject to shareholder approval. 

Fietz added: “CPS Capital’s request to take their broker fee only in shares demonstrates their support of the Company and their positive view on the value of our projects and we look forward to the continued relationship with CPS Capital going forward.”

READ: New Age Exploration to recommence drilling to expand high-grade tin-tungsten resource

The planned 5,000-10,000-metre program is due to an encouraging economic evaluation based on recently completed mining, processing and surface infrastructure studies.

Drilling is aimed at extending the high-grade resource in order to increase the life of a potential mining operation and consequently its economic value.

Click here to view the article

REDMOOR

Location & History 

The Redmoor Project is located between the village of Kelly Bray and the small town of Callington in southeast Cornwall, United Kingdom, approximately 25 km by road from the city and port of Plymouth, and 40 km from the recently commissioned Drakelands (Hemerdon) tungsten mine and processing plant. The area has well-established infrastructure and is located in the historically significant Cornish tin – tungsten – copper mining district.

Redmoor Project Location Map

The original Redmoor Mine is one of a group of mines (Redmoor, Holmbush and Kelly Bray) that were opened in the 18th century and continued operating until 1892 when they were forced to close due to low tin prices. Sections of the Redmoor Mine were re-opened between 1907 and 1914 and again in 1934. Historical records show operations at the Redmoor Mine, Kelly Bray Mine, and Wheal Florence Mine. The license area has records of the production of 574 tonnes of tin, 268 tonnes of WO3, 852 tonnes of copper, 153 tonnes of lead and 9,179 ounces of silver.

Ownership

In October 2012, NAE acquired a 100% interest in the Redmoor Tungsten-Tin-Copper project through an exploration license and option agreement with the owner of the mineral rights. These rights cover an area of approximately 23 km2, including the Redmoor Project. The exploration license was granted for an initial period of 15 years with modest annual payments. The license is now held by subsidiary Cornwall Resources Limited (CRL).

CRL has the right to a 25 year mining lease, extendable by a further 25 years, which can be exercised at any time during the term of the exploration license. The mining lease permits commercial extraction of the minerals, subject to obtaining planning and other approvals, and is subject to a 3% net smelter return royalty payable to the mineral right owner once commercial production has commenced. Surface land access for exploration drilling and mining over part of the Redmoor deposit is also included in these agreements.

In 2016, Strategic Minerals plc (SML), an AIM listed company, entered a Joint Venture with NAE. Following investment by SML, which largely funded the 2017 drill program NAE and SML are now equal 50% shareholders of CRL.


Geology

The geology of the Redmoor Project is typical of other established mining areas of Cornwall. Tin, tungsten and sulphide mineralisation is spatially related to granite intrusions, which caused mineralising fluids to be mobilised along fractures and faults in host rocks. Redmoor is located adjacent to the Kit Hill granite intrusion, which is the focus of a number of historic mines, both within and contiguous to the east of the CRL mineral rights.

At Redmoor, tungsten and tin-oxide, and other base metal sulphide mineralisation occurs both in discrete veins or lodes (e.g. Johnson’s Lode, Kelly Bray Lode) and within a zone of numerous closely-spaced sub-parallel narrow mineralised quartz-veins known as the Sheeted Vein System (SVS). The SVS contains High Grade Zones where there is a higher density of mineralised quartz veins. These High Grade Zones within the SVS form the basis of the current, 2018 Redmoor High Grade Inferred Resource.

3D View of the Redmoor Deposit Looking South East

Previous Exploration, Testwork and Studies

South West Minerals Limited (SWM) completed a drilling program at Redmoor between 1980 and 1983 comprising 35 diamond drillholes (totalling 12,146 m) to a maximum depth of 600 m.

The majority of the SWM drillholes were angled holes designed to intersect true thickness of the target lodes. All holes were downhole surveyed. Core was split and assayed for metals including tin, tungsten and copper in mineralised zones.

Two metallurgical testwork programmes were undertaken on composited samples of crushed diamond drill core. The results of this testwork was used by SWM for flowsheet and engineering design of the processing plant. SWM also undertook mine design and feasibility studies aimed at constructing a mine and processing plant at Redmoor.

The work of SWM came to an end in the mid-1980s as a result of the tin price crash resulting from the collapse of the International Tin Council. The resource potential outlined by SWM was left in the ground, offering an opportunity when metal prices recovered.

In 2015 NAE completed a detailed review of SWM’s metallurgical testwork and, through its consultant, Devlure, concluded that the Redmoor ore is coarse grained, is a simple, low-cost ore to process and that overall process recoveries of 68% tin, 72% tungsten, and 35% – 85% copper (depending on flowsheet design) are expected.


2017 Exploration by Cornwall Resources

In 2017 Cornwall Resources Limited (“CRL”) drilled 20 diamond holes for 7,046 m in total. This program was successful in identifying high-grade zones within the SVS which form the basis of the 2018 High Grade Inferred Resource.

CRL 2017 Boreholes, Historic Boreholes and Surface Geology

Community and Environmental Responsibility

Minimising community and environmental impacts is CRL’s first priority in all exploration activities it undertakes on site. There has been positive community engagement throughout the 2017 drilling program with 14 community meetings held to date. No complaints have been received from the local community despite drilling operations being in relatively close proximity to residential and rural properties. CRL has also aimed to maximise local employment and collaboration with local universities.

2018 High Grade Inferred Mineral Resource

In March 2018, SRK UK and CRL defined an updated JORC Inferred Mineral Resource and Exploration Target for the Redmoor Project:

Redmoor 2018 Inferred Mineral Resource Estimate[2]

 [2] Equivalent metal calculation notes; Sn(Eq)% = Sn%*1 + WO3%*1.43 + Cu%*0.40. Commodity price assumptions: WO3 US$ 33,000/t, Sn US$ 22,000/t, Cu US$ 7,000/t. Recovery assumptions: total WO3 recovery 72%, total Sn recovery 68% & total Cu recovery 85% and payability assumptions of 81%, 90% and 90% respectively.

2018 High Grade Exploration Target

SRK UK also identified a high-grade exploration target within the SVS of 4-6 Mt with an estimated grade between 0.9% SnEq and 1.3% SnEq.

It should be noted that this exploration target is conceptual in nature, that there has been insufficient exploration to define a mineral resource within this target volume and that it is uncertain if further exploration will result in the determination of a mineral resource.

Cross section showing Inferred Resource (SVS High Grade Zones) & Exploration Target


2018 Studies by Cornwall Resources

A process plant engineering and surface infrastructure study was completed by Fairport Engineering in April 2018. This study included capital and operating cost estimates for the processing plant and mine surface infrastructure.

A consulting metallurgist, experienced in processing Cornish ores, has been retained by CRL to guide future metallurgical testwork.

Consultants Mining One completed a mining study in May 2018, which utilised the 2018 resource to produce a potential scoping-level mine design, life-of-mine schedule and mining capital and operating cost estimates.

An economic assessment of the project based on the 2018 processing, surface infrastructure and mining studies has been carried out by CRL and has shown that the Redmoor project is economically attractive, especially if the size of the resource can be increased.

2018 Drilling Program by Cornwall Resources

CRL will commence a fully funded 2018 Phase 1 drilling program (4,000 m) in June 2018 which will focus on extending the high-grade resource at Redmoor and aim to add a significant portion of the 4-6Mt exploration target to the resource.

The grade of the inferred resource increases with depth; it is hoped that the 2018 drilling program, focused on the Exploration Target which deeper than the existing resource may also increase the overall grade of the resource.

A general permitted development order (GPDO) has been obtained for the drilling programme. Continuing consultation with landowners, local community, local councils and other key stakeholders will form an integral part of the drilling program planning and implementation. 

Grade of Inferred Resource Increasing with Depth


Redmoor Benchmarking

The Redmoor High Grade Resource is in the world’s top five highest grade tin-tungsten projects (SnEq Basis) and the top 3 new projects.

The Redmoor Inferred Resource has 45,000 tonnes of contained tin equivalent and the Exploration Target has the potential to increase this to 100,000 tonnes via further drilling planned for 2018. If successful, Redmoor will become a world-class project in terms of contained metal.

Redmoor Benchmarking

Click here to view the company website 

LOCHINVAR

Location and History

The Lochinvar Coking Coal Project is located on the Scottish / English border and is the Company’s principal focus. The project comprises two adjacent exploration and conditional underground mining licences known as Lochinvar (67.5 km²), and Lochinvar South (51km²).

Location of the Lochinvar Project

These licenses cover a shallow portion of the Canonbie Coalfield, an undeveloped coking coal resource located adjacent to the West Coast Main Line rail connecting with UK steelmakers, coke makers and export ports.

Historic exploration at Lochinvar was conducted in the 1950’s by the National Coal Board, which sank four boreholes. This work proved the existence of the same sequence of thick coals of the Middle Coal Measures, which had been previously mined at Rowanburn colliery to the east of the licence where operations ceased in 1922.

From 1979 the NCB drilled a further nine boreholes and shot 55 kilometres of seismic line which proved the existence of a large concealed coking coalfield (the Canonbie Coalfield).

NAE drilled an initial four drill holes at Lochinvar in 2013 and a further 6 holes in 2014.

Scoping Study Results

In October 2014, NAE completed the Lochinvar Scoping Study which confirmed the potential for a low cost long life 1.9Mtpa long wall mining project to deliver 1.4Mpta coking coal into UK and European markets. The Scoping Study was updated in March 2017.

The Updated Scoping Study delivered a robust set of economics highlighted by an NPV9% of US$410M with and IRR of 27% and a payback of 4 years.

The project is focused on an underground mine connected by a drift (decline) to the surface where coal will be processed and loaded into rail wagons for direct delivery to either UK steel mills or port facilities in the UK for shipping into Europe. Underground coal will be mined using a 200m wide longwall with development roadways constructed by 3 continuous miner/ bolters.


Lochinvar Schematic Mine and Infrastructure Layout

Based on the production schedule over the life of mine, a total of 47.3 Mt ROM coal will be produced, averaging 1.9 Mtpa ROM coal with a peak production of 3.1 Mtpa ROM coal in year 16. The ROM coal will be processed at a high 71% yield to produce 33.7 Mt of clean coal (saleable product), averaging 1.4 Mtpa clean coal.

Lochinvar Scoping Study Production Schedule

These results demonstrate the potential for Lochinvar to deliver excellent returns on investment with lowest quartile operating costs and a low capital cost structure.

Summary Economic Results – Lochinvar Scoping Study Update (March 2017)

Indicated and Inferred Mineral Resource

A total resource of 111 Mt comprising 49 Mt Indicated Resource and 62 Mt Inferred Resource has been defined for the Nine Foot and Six Foot Seams. The Indicated Resource, Inferred Resource and Exploration Target have been reported in accordance with the JORC Code (2012) and have been independently estimated by Palaris Australia Pty Ltd, an internationally recognised mining consultancy specialising in coal exploration and mining.   The resource estimate is based on 9 holes drilled by the National Coal Board (NCB) from 1979 through to 1983 and 10 holes drilled by NAE in 2013 and 2014.

Lochinvar Resource Statement (August 2014)

An additional Exploration Target of 31 – 64Mt has also been identified which includes both the Lochinvar and Lochinvar South Leases.

It should be noted that this exploration target is conceptual in nature, that there has been insufficient exploration to define a mineral resource within this target volume and that it is uncertain if further exploration will result in the determination of a mineral resource.

Geology

Geological data collected from the two phases of NAE drilling and a re-interpretation of the available seismic data has increased the understanding of the Lochinvar structure.  Palaris completed a revised structural interpretation in August 2014 which identified an increased density of faulting compared to the previous interpretation.  Mine plans in the Scoping Study will be based on this revised structural interpretation.

Lochinvar Structural Interpretation and Nine Foot Seam Depth Contours

This Resource occurs between 200m and 1,000m depth with 95 Mt of the total resource, including 74 Mt from the Nine Foot Seam, being shallower than 800m depth. All of the Indicated Resource is shallower than 800m depth.

Average seam thickness is 2.2m for the Nine Foot Seam and 1.8m for the Six Foot Seam.

Lochinvar Resource – Depth from Surface

Coal Quality

Lochinvar Coal is comparable to highly sought after US High Volatile A Hard Coking Coal (Wood Mackenzie Lochinvar Marketing Study, March 2017).

Wood Mackenzie completed an assessment of the expected Lochinvar coal specification compared with commonly traded industry standard benchmark coking coals as follows:

Lochinvar Coal Quality Summary (Source Wood Mackenzie, 2017)

Lochinvar expected coal quality vs competing benchmark coals:

  • Very Low Ash & Phosphorous
  • Comparable VM, CSN, CSR (Predicted) & Fixed Carbon
  • High Sulphur but within UK / Europe blend limits. Potential to reduce to 1.2% based on coal processing modelling
  • Lochinvar Fluidity has wide range in results which were affected by laboratory media
  • Lochinvar CSR has been predicted by Pearson Coal Petrography. Bulk samples and CSR tests are planned to determine actual CSR

These results confirm the potential for Lochinvar to produce a low ash high volatile coking coal product at a high yield that will be attractive to the UK and European steel industry.


Market and Infrastructure

Lochinvar is ideally located to become a supplier of low cost, high volatile hard coking coal to the European Steel Industry as a result of:

  • 7km to main West Coast Main Line railway which links directly to nearby Steel mills in UK and nearby ports to access European market
  • Lower labour rates when compared to Australian mining costs
  • Excellent UK fiscal regime with low corporate taxes and royalties
  • European Metallurgical Coal imports forecast to grow from around 52Mt (2017) to 61Mt (2035)
  • Lochinvar Coal is comparable to US High Volatile A Hard Coking Coal – highly sought after in Europe
  • European High Volatile Hard Coking Coal (HV HCC) imports forecast to increase from 10.4Mt (2017) to 15.9Mt (2035)
  • Lochinvar 1.4Mtpa annual production represents ~12% of UK/Europe HV HCC coking coal imports in 2021
  • Lochinvar coal enjoys a clear distance and freight cost advantage over competing imported coal and the benefit of regular local deliveries reducing customer inventories

Lochinvar Infrastructure and Potential Markets

Click here to view the company website

BOARD OF DIRECTORS



GARY FIETZ

Managing Director and Chief Executive Officer

Mr Gary Fietz holds a degree in geology and is a senior resources industry executive with over 22 years experience in all aspects of exploration, business development and project evaluation. His extensive international experience includes 21 years with BHP Billiton, primarily working in the iron ore business group. Mr Fietz has also worked on coal, base metals and gold projects.

Most recently, Mr Fietz held the position of Project Director, West Africa for BHP Billiton Iron Ore where he was responsible for direction of exploration programs and project development of an advanced tier-one project within the region. Previously, he held the position of Vice President Iron Ore Business Development with responsibility for assessing global iron ore business development opportunities for BHP Billiton.

Mr Fietz has a broad range of commercial and technical experience including; exploration management, global iron ore and coal deposit targeting studies, acquiring early stage exploration projects, M&A transactions, divestments, joint venture agreements, project evaluation and project development.


ALAN BROOME

Chairman

Mr Alan Broome, AM (I.Eng, F.AusIMM, FAICD, FICME, MInstD (NZ)) is a metallurgist with over 40 years’ experience in mining and metals. A well-know figure in the Australian mining industry, Alan has extensive board experience, both as a director and chairman of a number of listed and unlisted mining and mining technology companies.

Alan commenced his career as a metallurgist in the Port Kembla Steelworks before joining the Australian Coal Industry Research Laboratories, which he ran for over a decade. Over the past 20 years, Alan has had in-depth experience in coal mining, mining technology, equipment, services and research sectors, both in Australia and abroad.


MIKE AMUNDSEN

Non Executive Director

Mr Mike Amundsen (B.Bus, GDM, FAICD, AusIMM) has over 30 years’ experience in the global resources industry. Mr Amundsen was previously CEO & Managing Director of FerrAus Limited. Prior to this, Mr Amundsen had a 28 year career with BHP Billiton, holding numerous senior positions in business development, finance, planning and strategy, including overseas assignments to Hong Kong and Brazil.



Click here to view the company website






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  38. 8,434
    2
    06/07/1806/07
  39. 8,434
    4
    05/07/1805/07
  40. 8,434
    1
    05/07/1805/07
  41. 8,434
    4
    05/07/1805/07
  42. 8,434
    7
    05/07/1805/07
  43. 8,434
    2
    05/07/1805/07
  44. 8,434
    05/07/1805/07
  45. 8,434
    3
    05/07/1805/07
  46. 502
    1
    05/07/1805/07
  47. 502
    1
    05/07/1805/07
  48. 8,434
    3
    05/07/1805/07
  49. 8,434
    5
    05/07/1805/07
  50. 8,434
    3
    05/07/1805/07
  51. 8,434
    1
    05/07/1805/07
  52. 8,434
    1
    05/07/1805/07
  53. 8,434
    1
    05/07/1805/07
  54. 8,434
    1
    05/07/1805/07
  55. 8,434
    3
    05/07/1805/07
  56. 8,434
    4
    04/07/1804/07
  57. 8,434
    5
    04/07/1804/07
  58. 8,434
    3
    04/07/1804/07
  59. 8,434
    1
    04/07/1804/07
  60. 8,434
    04/07/1804/07
  61. 8,434
    2
    04/07/1804/07
  62. 8,434
    1
    04/07/1804/07
  63. 8,434
    3
    04/07/1804/07
  64. 8,434
    04/07/1804/07
  65. 8,434
    04/07/1804/07
  66. 8,434
    4
    04/07/1804/07
  67. 117
    02/07/1802/07
  68. 72
    02/07/1802/07
  69. 9,129
    3
    02/07/1802/07
  70. 9,129
    5
    30/06/1830/06
  71. 9,129
    4
    30/06/1830/06
  72. 9,129
    7
    29/06/1829/06
  73. 9,129
    6
    29/06/1829/06
  74. 9,129
    3
    28/06/1828/06
  75. 9,129
    7
    28/06/1828/06
  76. 114
    27/06/1827/06
  77. 164
    26/06/1826/06
  78. 1,361
    26/06/1826/06
  79. 1,361
    2
    26/06/1826/06
  80. 1,361
    2
    26/06/1826/06
  81. 1,361
    26/06/1826/06
  82. 1,361
    1
    26/06/1826/06
  83. 1,361
    2
    26/06/1826/06
  84. 1,361
    1
    26/06/1826/06
  85. 502
    26/06/1826/06
  86. 9,129
    1
    26/06/1826/06
  87. 9,129
    1
    26/06/1826/06
  88. 88
    26/06/1826/06
  89. 1,361
    1
    26/06/1826/06
  90. 107
    26/06/1826/06
  91. 146
    26/06/1826/06
  92. 1,361
    2
    25/06/1825/06
  93. 1,361
    3
    25/06/1825/06
  94. 1,361
    5
    25/06/1825/06
  95. 1,361
    4
    24/06/1824/06
  96. 9,129
    1
    24/06/1824/06
  97. 1,361
    2
    24/06/1824/06
  98. 9,129
    2
    24/06/1824/06
  99. 502
    3
    22/06/1822/06
  100. 141
    22/06/1822/06
  101. 9,129
    1
    21/06/1821/06
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