In this episode, we chat with Mark Sawyer and Mike Stuart of Omico Mining Corp who are a joint venture between Greenstone Resources LP, a private equity fund specialising in the mining and metals sector, and International Base Metals Limited, an Australian natural resources unlisted public company and advancing the development of the copper asset in central Namibia.

Mark has a background in finance and law and Mike’s background is in geology. Today we talk about the history of the business, their recent released BFS, the project and discuss what’s happening in the market.

KEY TAKEAWAYS

• Omico Mining Corp is a joint venture between Greenstone Resources LP and International Base Metals Limited, focusing on the development of a copper asset in Namibia. The company aims to leverage its expertise in finance, law, and geology to advance the project.
• The project will utilise solvent extraction and electrowinning (SX/EW) processing technology, specifically a chloride heap leach method. This approach has been optimized over four years of metallurgical testing, resulting in reduced acid consumption and shorter leach cycle times.
• The project is situated in a mining-friendly jurisdiction with existing infrastructure, including access to power and water. A 70-kilometre power line will be built, and a significant aquifer has been identified for water supply, which is crucial for the heap leaching process.
• Omico Mining Corp already holds a valid mining license until 2036. The company has completed the environmental and social impact assessments and is awaiting environmental clearance, which is expected in the first quarter of the following year.

BEST MOMENTS

"We see this time and time again... corners were cut. A lot of money was wasted. I think there was a missed opportunity to look at this from an entirely different perspective."

"The advantage of using heap leach over the previous ideas of using flotation was that it uses about a third of the water previously."

"This is a project that will get built. The challenge for us is to put the right structure in place to move the project forward."

"There is exploration potential around the whole dome. We haven't focused on it in the last few years... but there is some potential."

"Given the scarcity of shovel-ready copper projects out there, there's a lot of interest in it right now."

VALUABLE RESOURCES

Mail:        [email protected]

LinkedIn: https://www.linkedin.com/in/rob-tyson-3a26a68/

X:              https://twitter.com/MiningRobTyson 
YouTube: https://www.youtube.com/c/DigDeepTheMiningPodcast 

Web:        http://www.mining-international.org

GUEST SOCIALS

https://www.greenstoneresources.com/

https://www.omicomining.com/

ABOUT THE HOST

Rob Tyson is the Founder and Director of Mining International Ltd, a leading global recruitment and headhunting consultancy based in the UK specialising in all areas of mining across the globe from first-world to third-world countries from Africa, Europe, the Middle East, Asia, and Australia. We source, headhunt, and discover new and top talent through a targeted approach and search methodology and have a proven track record in sourcing and positioning exceptional candidates into our clients' organisations in any mining discipline or level. Mining International provides a transparent, informative, and trusted consultancy service to our candidates and clients to help them develop their careers and business goals and objectives in this ever-changing marketplace.

CONTACT METHOD

[email protected]

https://www.linkedin.com/in/rob-tyson-3a26a68/

Podcast Description

Rob Tyson is an established recruiter in the mining and quarrying sector and decided to produce the “Dig Deep” The Mining Podcast to provide valuable and informative content around the mining industry. He has a passion and desire to promote the industry and the podcast aims to offer the mining community an insight into people’s experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics. 

In this episode, we chat with Nick Bell, Global Sector Lead Mining, Minerals, and Metals at Worley, who are a global leader in engineering, project delivery, and consultancy for the energy, chemicals, and resources sector and helps customers achieve sustainable transformation, net-zero targets and innovative solutions.

Nick has a background in metallurgy and engineering and has worked for some of the leading engineering consultancies during his career. We talk about some of the biggest challenges that the mining industry is facing, trust in our industry, the risks and opportunities in automation and long-term global trends that will shape the mining industry over the next decade.

KEY TAKEAWAYS

• The mining industry faces significant challenges in meeting the growing demand for critical minerals, particularly due to a decline in major deposit discoveries and lengthy mine development timelines, which average around 16.9 years.
• Environmental, Social, and Governance (ESG) requirements are becoming increasingly stringent, complicating the permitting process and increasing costs for miners. The industry must find ways to balance the need for more metals with these elevated ESG standards.
• Trust between mining companies, local communities, and regulators is crucial for project success. Establishing a common purpose and practicing the four legs of trust—reliability, openness, acceptance, and congruence—are essential for fostering collaboration.
• Automation presents significant opportunities for improving safety and productivity in mining operations. However, the industry must carefully manage the change associated with automation, as it can impact employment and community relationships.

BEST MOMENTS

"Projects move at the pace of trust... finding a common purpose against which everybody can align is very, very difficult." 

"We're simply not finding enough major deposits that... proved to be economically viable in today's environment."

"If you can't find... a common purpose, it's our job as the industry to build that trust." 

"The elevated ESG requirements... mean that it lengthens the time and the costs of getting that metal to market."

"Now is still a good time to be in mining compared to any time in my history." 

VALUABLE RESOURCES

Mail:        [email protected]

LinkedIn: https://www.linkedin.com/in/rob-tyson-3a26a68/

X:              https://twitter.com/MiningRobTyson 
YouTube: https://www.youtube.com/c/DigDeepTheMiningPodcast 

Web:        http://www.mining-international.org

GUEST SOCIALS

https://www.worley.com/

https://www.linkedin.com/company/worley/

https://www.linkedin.com/in/nick-bell-383b919/

ABOUT THE HOST

Rob Tyson is the Founder and Director of Mining International Ltd, a leading global recruitment and headhunting consultancy based in the UK specialising in all areas of mining across the globe from first-world to third-world countries from Africa, Europe, the Middle East, Asia, and Australia. We source, headhunt, and discover new and top talent through a targeted approach and search methodology and have a proven track record in sourcing and positioning exceptional candidates into our clients' organisations in any mining discipline or level. Mining International provides a transparent, informative, and trusted consultancy service to our candidates and clients to help them develop their careers and business goals and objectives in this ever-changing marketplace.

CONTACT METHOD

[email protected]

https://www.linkedin.com/in/rob-tyson-3a26a68/

Podcast Description

Rob Tyson is an established recruiter in the mining and quarrying sector and decided to produce the “Dig Deep” The Mining Podcast to provide valuable and informative content around the mining industry. He has a passion and desire to promote the industry and the podcast aims to offer the mining community an insight into people’s experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics. 

In this episode, we chat with Richard Osmond, CEO of Element 29 Resources who are an emerging junior resource company with a highly experienced management team and board focused on exploring and growing its porphyry copper-molybdenum-silver resource deposits in Perú, one of the lowest-cost, lowest-risk mining jurisdictions globally.

Richard has over 25 years of experience in the mining sector across North America, Europe, and Scandinavia, working for companies like INCO, Falconbridge and Anglo American. Richard discusses the history of Element 29, the projects they are involved in, Peru as a mining jurisdiction, the challenges they have faced, and the leadership qualities needed for a junior miner.

KEY TAKEAWAYS

• Element 29 is an emerging junior resource company focused on exploring and developing porphyry copper, molybdenum, and silver deposits in Peru. The company was spun out from Globetrotters Resource Group, which spent seven years building a copper portfolio before listing in late 2020.
• Peru is recognised as one of the lowest risk mining jurisdictions globally, being the second-largest copper producer. The country has a strong mining sector that contributes significantly to its economy, with a free trade agreement and bilateral investment treaties that protect foreign investments.
• Elida is the flagship project of Element 29, featuring a porphyry copper-molybdenum-silver deposit. The project has shown promising initial resource estimates, and the company is currently drilling to expand the resource base and improve the quality of the starter pit.
• Copper Market Outlook: There is an anticipated supply crunch in the copper market, driven by increasing demand for copper in renewable energy and technology sectors. The company expects copper prices to rise due to the imbalance between supply and demand, with a focus on making new discoveries to meet future needs.

BEST MOMENTS

"Peru is, generally speaking, it's held a position as the second largest copper producer globally... Mining makes up about 60% of Peru's exports and about 10% of the country's GDP."

"We feel that, you know, we've been looking for copper for quite a long time. We've sort of known that this copper crunch was coming."

"We outlined an inferred mineral resource estimate of about 321.7 million tons of 0.32 copper, 0.03 molybdenum, and 2.6 grams per ton silver."

"We do a lot of work on health, safety and security, implementing best practices... We want to make sure that we do best practices from a sustainability perspective."

VALUABLE RESOURCES

Mail:        [email protected]

LinkedIn: https://www.linkedin.com/in/rob-tyson-3a26a68/

X:              https://twitter.com/MiningRobTyson 
YouTube: https://www.youtube.com/c/DigDeepTheMiningPodcast 

Web:        http://www.mining-international.org

GUEST SOCIALS

https://www.linkedin.com/company/element-29-resources-inc/

https://x.com/CopperE29

https://e29copper.com/

https://e29copper.com/_resources/presentations/corporate-presentation.pdf?v=112103

888-246-7881 (toll free in North America)

[email protected]

ABOUT THE HOST

Rob Tyson is the Founder and Director of Mining International Ltd, a leading global recruitment and headhunting consultancy based in the UK specialising in all areas of mining across the globe from first-world to third-world countries from Africa, Europe, the Middle East, Asia, and Australia. We source, headhunt, and discover new and top talent through a targeted approach and search methodology and have a proven track record in sourcing and positioning exceptional candidates into our clients' organisations in any mining discipline or level. Mining International provides a transparent, informative, and trusted consultancy service to our candidates and clients to help them develop their careers and business goals and objectives in this ever-changing marketplace.

CONTACT METHOD

[email protected]

https://www.linkedin.com/in/rob-tyson-3a26a68/

Podcast Description

Rob Tyson is an established recruiter in the mining and quarrying sector and decided to produce the “Dig Deep” The Mining Podcast to provide valuable and informative content around the mining industry. He has a passion and desire to promote the industry and the podcast aims to offer the mining community an insight into people’s experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics. 

In this episode, we have a returning guest who appeared back in December 2019 (Episode 55). Martin Horgan, formally the CEO of Centamin, a gold producer with an operation in Egypt who have recently been acquired by Anglo Gold Ashanti as of 22nd November.

A mine engineer by background, Martin has 30 years of experience in the industry working in the field, consultancy, and on the banking side before starting his own mining company, Toro Gold before selling this to Resolute. For the last 4 years, he has been at the helm of Centamin, transforming the company and its flagship operation Sukari into what it is today.

Martin takes us through his career and journey and talks about his more recent success with Centamin and what he did to change the fortunes of the business.

KEY TAKEAWAYS

• Martin has a diverse background in mining, spanning over 30 years, including roles in operations, consultancy, and investment banking. His experience has equipped him with a broad understanding of the mining sector, which he leveraged to transform Centamin.
• Upon joining Centamin, Martin focused on improving geological understanding, which led to a significant increase in the underground reserve from 400,000 ounces to 1 million ounces. This foundational change allowed for better mine planning and execution, ultimately enhancing production capacity.
• It's vital to build strong relationships with local communities, regional authorities, and national governments. Effective stakeholder engagement is crucial for navigating the complexities of operating in riskier jurisdictions, particularly in West Africa.
• The launch of Centamin's decarbonisation roadmap was driven by both a moral imperative to mine responsibly and investor expectations for transparency and sustainability. Martin believes that mining must demonstrate its role in decarbonisation and societal benefit to maintain its social license to operate.

BEST MOMENTS

"I think the thing that sort of surprised me within the West African sphere is that it was the rate of change... it's how quickly they changed as well."

"If you get the right people in place... that's what drives success to my mind, you know, ore bodies are ore bodies."

"We went from zero to in excess of 50 female professional employees at Sukari in a couple of years."

"If you're focused on that, if that's your primary driver, then that does a couple of things for you if you end up in a transaction phase."

VALUABLE RESOURCES

Mail:        [email protected]

LinkedIn: https://www.linkedin.com/in/rob-tyson-3a26a68/

X:              https://twitter.com/MiningRobTyson 
YouTube: https://www.youtube.com/c/DigDeepTheMiningPodcast 

Web:        http://www.mining-international.org

GUEST SOCIALS

https://www.linkedin.com/in/martin-horgan-038b298/

ABOUT THE HOST

Rob Tyson is the Founder and Director of Mining International Ltd, a leading global recruitment and headhunting consultancy based in the UK specialising in all areas of mining across the globe from first-world to third-world countries from Africa, Europe, the Middle East, Asia, and Australia. We source, headhunt, and discover new and top talent through a targeted approach and search methodology and have a proven track record in sourcing and positioning exceptional candidates into our clients' organisations in any mining discipline or level. Mining International provides a transparent, informative, and trusted consultancy service to our candidates and clients to help them develop their careers and business goals and objectives in this ever-changing marketplace.

CONTACT METHOD

[email protected]

https://www.linkedin.com/in/rob-tyson-3a26a68/

Podcast Description

Rob Tyson is an established recruiter in the mining and quarrying sector and decided to produce the “Dig Deep” The Mining Podcast to provide valuable and informative content around the mining industry. He has a passion and desire to promote the industry and the podcast aims to offer the mining community an insight into people’s experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics. 

In this episode, we chat with Stuart McDonald, President and CEO of Vancouver headquartered Taseko Mines, a dynamic and growing mid-tier mining company, driven to unlock the true value of copper for a complex and changing world. The companies corporate strategy has been to grow the company sustainably and profitably by focusing on the continued operations of its foundational asset, the Gibraltar Mine in central British Columbia, and the advancement of North America’s next copper mine, Florence Copper in Arizona - while also advancing its pipeline of advanced-stage development projects.

Stuart is a senior corporate executive with more than 30 years of experience in mining, corporate development, financial and management roles. He shares his career and journey with us, the history of Taseko Mines, updates on projects, their ESG initiatives, and the future of copper in the coming decades.

KEY TAKEAWAYS

• Taseko Mines is a mid-tier mining company focused on copper production, with its foundational asset being the Gibraltar mine in British Columbia and the upcoming Florence Copper project in Arizona, which is currently under construction.
• The Florence Copper project utilises in-situ copper recovery, which is a low-impact mining method that results in lower operating costs and a significantly reduced environmental footprint compared to traditional mining methods.
• Taseko prioritises environmental protection and community engagement, having developed a production test facility to demonstrate the viability of its mining method and to gain regulatory approval before scaling up to commercial production.
• The demand for copper is expected to grow significantly due to the global shift towards electrification and renewable energy, while the supply side faces challenges, potentially leading to a shortfall in copper availability by the mid-2030s.
• Taseko aims to transition from a single-mine to a two-mine company with the completion of the Florence project in late 2025, while also advancing the Yellowhead copper project through feasibility studies and permitting processes.

BEST MOMENTS

"I think we've got a great opportunity in the coming years to grow our business." 

"The Florence Project is pretty unique in the copper world. It's an in-situ copper recovery project." 

"We'll produce refined copper cathode with a carbon footprint about 80% less than a conventional copper mine." 

"It's going to be a very busy time for us in the next six to 12 months." 

VALUABLE RESOURCES

Mail:        [email protected]

LinkedIn: https://www.linkedin.com/in/rob-tyson-3a26a68/

X:              https://twitter.com/MiningRobTyson 
YouTube: https://www.youtube.com/c/DigDeepTheMiningPodcast 

Web:        http://www.mining-international.org

GUEST SOCIALS

https://www.tasekomines.com/

https://www.facebook.com/TasekoMines

https://x.com/TasekoMines 

https://www.youtube.com/channel/UCsydp9xsrB6KuZEwbFDsGHA

https://www.instagram.com/tasekomines/ 

https://www.linkedin.com/company/taseko/ 

ABOUT THE HOST

Rob Tyson is the Founder and Director of Mining International Ltd, a leading global recruitment and headhunting consultancy based in the UK specialising in all areas of mining across the globe from first-world to third-world countries from Africa, Europe, the Middle East, Asia, and Australia. We source, headhunt, and discover new and top talent through a targeted approach and search methodology and have a proven track record in sourcing and positioning exceptional candidates into our clients' organisations in any mining discipline or level. Mining International provides a transparent, informative, and trusted consultancy service to our candidates and clients to help them develop their careers and business goals and objectives in this ever-changing marketplace.

CONTACT METHOD

[email protected]

https://www.linkedin.com/in/rob-tyson-3a26a68/

Podcast Description

Rob Tyson is an established recruiter in the mining and quarrying sector and decided to produce the “Dig Deep” The Mining Podcast to provide valuable and informative content around the mining industry. He has a passion and desire to promote the industry and the podcast aims to offer the mining community an insight into people’s experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics. 

In this episode, we have a returning guest who appeared back in March 2022 (episode 226). Alan Clegg whose had a long and established career in mining for over 4 decades working in various aspects of metals & minerals value chain from exploration through to mine closure, including financing of projects, projects management & projects construction & execution, he’s done it all.

He also published more than 20 technical papers & presented at numerous international conferences and today talks about a variety of topics including precious metals, PGM’s, the energy transition, ESG and more. Some controversial topics with valid explanations but with truth always in Alan’s mind.

KEY TAKEAWAYS

• Gold has historically been viewed as a store of wealth, with its price fluctuations often reflecting the depreciation of fiat currencies rather than changes in its intrinsic value. Recent trends show a significant increase in gold prices, driven by global economic uncertainties and increased central bank purchases.
• Silver is primarily an industrial metal, with significant demand stemming from its use in electronics and solar panels. The market is currently facing a deficit, and retail interest in silver is growing as more individuals seek affordable ways to invest in precious metals.
• The platinum group metals (PGMs) market has experienced volatility due to shifts in automotive technology, particularly the transition from internal combustion engines to electric vehicles. Despite this, there is a projected market deficit for platinum, indicating potential future value.
• The so-called "green transition" is not a true transition but rather an addition of energy sources. The demand for critical minerals, particularly for battery production, is expected to outpace supply, raising concerns about the feasibility of fully replacing fossil fuels with renewable energy sources.

BEST MOMENTS

"Gold has been seen as a store of wealth for more than 5,000 years... an ounce of gold today is still an ounce of gold, despite price fluctuations."

"The current estimates suggest that China may have as much as 30,000 tons of gold... a hedge against fiat currency failure."

"The silver market is facing a net deficit of around 700,000 to 800,000 ounces in 2024, which is quite large."

"For every thousand deposits of metals and minerals that we discover, only one or two become tier one producing mines."

VALUABLE RESOURCES

Mail:        [email protected]

LinkedIn: https://www.linkedin.com/in/rob-tyson-3a26a68/

X:              https://twitter.com/MiningRobTyson 
YouTube: https://www.youtube.com/c/DigDeepTheMiningPodcast 

Web:        http://www.mining-international.org

GUEST SOCIALS

[email protected]

https://www.linkedin.com/in/alan-m-clegg-pr-eng-00227a9/

ABOUT THE HOST

Rob Tyson is the Founder and Director of Mining International Ltd, a leading global recruitment and headhunting consultancy based in the UK specialising in all areas of mining across the globe from first-world to third-world countries from Africa, Europe, the Middle East, Asia, and Australia. We source, headhunt, and discover new and top talent through a targeted approach and search methodology and have a proven track record in sourcing and positioning exceptional candidates into our clients' organisations in any mining discipline or level. Mining International provides a transparent, informative, and trusted consultancy service to our candidates and clients to help them develop their careers and business goals and objectives in this ever-changing marketplace.

CONTACT METHOD

[email protected]

https://www.linkedin.com/in/rob-tyson-3a26a68/

Podcast Description

Rob Tyson is an established recruiter in the mining and quarrying sector and decided to produce the “Dig Deep” The Mining Podcast to provide valuable and informative content around the mining industry. He has a passion and desire to promote the industry and the podcast aims to offer the mining community an insight into people’s experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics. 

In this episode, we chat to Geoff Day, CEO of AMAK, a listed mining company registered and licensed by the Ministry of Industry and Mineral Resources and located in the Kingdom of Saudi Arabia. They are one of the major mining companies in the Kingdom of Saudi Arabia, that produces copper, zinc, gold, and silver in distinct commercial quantities,

Geoff is a geochemist with over 35 years of experience in the mining industry globally, in countries across Australia, PNG, Indonesia, the Americas, Africa, and Europe. His expertise encompasses all phases of mining, starting from exploration through all mining and processing operations and technical services to mine closure and rehabilitation. He also has extensive experience in mergers, acquisitions, and external affairs.

Geoff gives us the history of AMAK, his journey, recent investments and developments, the company's corporate social responsibility, the outlook of the mining industry in Saudi Arabia, and the Kingdom’s Vision for 2030. 

KEY TAKEAWAYS

• The mining industry in Saudi Arabia is undergoing a transformation, supported by the government's Vision 2030 initiative, which aims for economic diversification and sustainable development. The regulatory environment is described as progressive, encouraging investment and exploration.
• AMAK is committed to sustainability, focusing on water management through dry stack tailings and recycling efforts. The company is also working on reducing greenhouse gas emissions by connecting to the National Grid and exploring hydrogen hybrid technologies.
• AMAK is leveraging digital transformation and technology, such as machine learning, to enhance exploration efficiency and asset management. This approach aims to optimise resource assessment and improve operational performance.
• The company emphasises local community support and economic impact, aiming to provide job opportunities for Saudi nationals and develop local industries. They are also focused on environmental stewardship and resource management to align with the Kingdom's sustainable development goals.

BEST MOMENTS

"I think from a sustainable development perspective, outside the ESG space, one of the initiatives I want to pursue next year is how we take a group of young engineers and young Saudi professionals and actually make the mining industry exciting."

"The government has a very proactive and relatively streamlined tenement auction process. So every three months, the government puts up a number of tenements for auction, and there's a very clear process that says, this is how you apply."

"We're currently looking to expand the current footprint for our dry stack tailings facility such that it will cover all of the production from the known resources we currently have."

"There's a very high level of respect for different people from different nationalities. I run a business with 23 different nationalities, which is a first. And they're very tolerant warm, welcoming people."

VALUABLE RESOURCES

Mail:        [email protected]

LinkedIn: https://www.linkedin.com/in/rob-tyson-3a26a68/

X:              https://twitter.com/MiningRobTyson 
YouTube: https://www.youtube.com/c/DigDeepTheMiningPodcast 

Web:        http://www.mining-international.org

GUEST SOCIALS

Website: https://amak.com.sa/

LinkedIn: https://www.linkedin.com/company/amak-mining-company/

[email protected] (investor relation email)

[email protected] (general email)

ABOUT THE HOST

Rob Tyson is the Founder and Director of Mining International Ltd, a leading global recruitment and headhunting consultancy based in the UK specialising in all areas of mining across the globe from first-world to third-world countries from Africa, Europe, the Middle East, Asia, and Australia. We source, headhunt, and discover new and top talent through a targeted approach and search methodology and have a proven track record in sourcing and positioning exceptional candidates into our clients' organisations in any mining discipline or level. Mining International provides a transparent, informative, and trusted consultancy service to our candidates and clients to help them develop their careers and business goals and objectives in this ever-changing marketplace.

CONTACT METHOD

[email protected]

https://www.linkedin.com/in/rob-tyson-3a26a68/

Podcast Description

Rob Tyson is an established recruiter in the mining and quarrying sector and decided to produce the “Dig Deep” The Mining Podcast to provide valuable and informative content around the mining industry. He has a passion and desire to promote the industry and the podcast aims to offer the mining community an insight into people’s experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics. 

In this episode, we chat to Janet Meiklejohn & Rebecca Hunter of Forum Energy Metals, a TSX listed junior miner exploring for Uranium and Energy Metals to support a low carbon economy in and around Saskatchewan’s Athabasca Basin.

Janet who is a NED and Rebecca who is the VP of exploration, and they discuss the history of the company, the projects they are involved in, the Thelon district, an overview of the uranium market, and the outlook of the company.

Janet is also attending the upcoming Resourcing Tomorrow (3-5 December, London) is Europe's largest mining event, designed to foster innovation, drive collaboration, and accelerate growth in the mining industry. Use code DIGDEEP 10 for a 10% discount on Delegate Passes when you register here: https://hubs.ly/Q02WXjzd0

So grab your tickets now and hopefully me and Janet will see you there

KEY TAKEAWAYS 

• Forum Energy Metals primarily focuses on uranium exploration, particularly in the Thelon Basin, which is considered under-explored and has the potential to become a tier one uranium district.
• The company has a strategic financial partner that owns 9.9% of Forum, providing essential support for exploration activities. Additionally, operational support from Orano, a neighbouring company with significant uranium resources, enhances Forum's potential for future collaboration.
• In 2023, Forum conducted a drilling program of nearly 7,000 meters, building a camp to facilitate operations. The results from this program are anticipated to inform future drilling strategies and exploration efforts.
• The uranium market is showing signs of recovery, driven by global decarbonisation efforts and increasing demand for nuclear power. This trend is expected to continue as more countries commit to expanding their nuclear energy capabilities.
• The management team at Forum Energy Metals includes experienced professionals with backgrounds in geology and capital markets. Their combined expertise is crucial for navigating the challenges of uranium exploration and capitalising on the opportunities in the market.

BEST MOMENTS

"We like to be focused. So we're focused on exploration. So 90% of the money that we raise goes straight into the ground, and that's what we'd like to continue doing going forward."

"The Thelon Basin is under-explored, and it has that potential to have the really big deposits, the really big sizes and grades, and it just hasn't been explored."

"There's a real focus on trying to find more uranium deposits in the West where we can actually secure our source of supply to support those power needs."

"One of the strengths that Forum has is that we have all this potential to find these kind of unconformity contact blue sky targets."

We have a strategic financial partner who owns 9.9% of us, and hopefully will continue to support us as we move forward."

VALUABLE RESOURCES

Mail:        [email protected]

LinkedIn: https://www.linkedin.com/in/rob-tyson-3a26a68/

X:              https://twitter.com/MiningRobTyson 
YouTube: https://www.youtube.com/c/DigDeepTheMiningPodcast 

Web:        http://www.mining-international.org

ABOUT THE HOST

Rob Tyson is the Founder and Director of Mining International Ltd, a leading global recruitment and headhunting consultancy based in the UK specialising in all areas of mining across the globe from first-world to third-world countries from Africa, Europe, the Middle East, Asia, and Australia. We source, headhunt, and discover new and top talent through a targeted approach and search methodology and have a proven track record in sourcing and positioning exceptional candidates into our clients' organisations in any mining discipline or level. Mining International provides a transparent, informative, and trusted consultancy service to our candidates and clients to help them develop their careers and business goals and objectives in this ever-changing marketplace.

CONTACT METHOD

[email protected]

https://www.linkedin.com/in/rob-tyson-3a26a68/

Podcast Description

Rob Tyson is an established recruiter in the mining and quarrying sector and decided to produce the “Dig Deep” The Mining Podcast to provide valuable and informative content around the mining industry. He has a passion and desire to promote the industry and the podcast aims to offer the mining community an insight into people’s experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics. 

In this episode, we chat with Jorge Ganoza, CEO of Fortuna Mining, who are multi-listed Canadian-based precious metals mining company established in 2004, with five operating mines and an advanced exploration project located in Argentina, Burkina Faso, Côte d’Ivoire, Mexico, Peru, and Senegal.

Jorge is an experienced geological engineer who has worked on many mineral exploration, mining, and business development projects throughout Latin America and has worked in senior levels for several private and public Canadian junior mining companies during his career. He co-founded Fortuna Mining back in 2004 and shares his and the company’s journey since then, an update on all the projects, how they contribute to their local communities, their social and economic development of local communities and what is the future strategic direction of the company.

KEY TAKEAWAYS

• Since its inception in 2004, Fortuna Mining has grown from a small startup with limited resources to a significant player in the mining industry, generating nearly $1 billion in sales and employing over 5,000 people across multiple countries.
• The company strategically expanded into West Africa in 2021, acquiring Roxgold and establishing the Séguéla mine in Côte d'Ivoire as its flagship asset. This move was driven by the region's promising mineral endowment and growth potential.
• Fortuna Mining actively invests in local communities, contributing approximately $8 million annually to initiatives focused on infrastructure, education, health, and sustainable economic development. The company emphasises training local workers to develop skills that can be utilised beyond the mining sector.
• The rise of resource nationalism in West Africa has led to discussions about adjusting tax breaks and local content requirements. Fortuna Mining views these discussions as a natural evolution of the industry and is committed to engaging in constructive dialogue with governments.
• The mining industry is increasingly held to higher standards of environmental and social governance (ESG). Fortuna Mining prioritises transparency and responsible practices, including adopting global standards for tailings management and conducting materiality assessments to focus on impactful sustainability efforts.

BEST MOMENTS

"We set out early on with big aspirations... always trying to balance that long-term vision with the short-term challenges that we face here in the industry."

"The mineral endowment, the capital efficiency to build mines, the growth that the region has exhibited is no secret... the amount of opportunity that we see emerge is second to none."

"Mining has always been a frontier business. So you must be willing to play in the frontier if you want to be in the mining business."

"We recognise that what we have is a concession, but it is their asset... it gives you a whole different sense of responsibility in how you engage with the nation."

VALUABLE RESOURCES

Mail:        [email protected]

LinkedIn: https://www.linkedin.com/in/rob-tyson-3a26a68/

X:              https://twitter.com/MiningRobTyson 
YouTube: https://www.youtube.com/c/DigDeepTheMiningPodcast 

Web:        http://www.mining-international.org

GUEST SOCIALS

Email: [email protected]

Website: fortunamining.com

X: https://x.com/fortunamining

LinkedIn: https://www.linkedin.com/company/fortunamining/

YouTube: https://www.youtube.com/@fortunamining

ABOUT THE HOST

Rob Tyson is the Founder and Director of Mining International Ltd, a leading global recruitment and headhunting consultancy based in the UK specialising in all areas of mining across the globe from first-world to third-world countries from Africa, Europe, the Middle East, Asia, and Australia. We source, headhunt, and discover new and top talent through a targeted approach and search methodology and have a proven track record in sourcing and positioning exceptional candidates into our clients' organisations in any mining discipline or level. Mining International provides a transparent, informative, and trusted consultancy service to our candidates and clients to help them develop their careers and business goals and objectives in this ever-changing marketplace.

CONTACT METHOD

[email protected]

https://www.linkedin.com/in/rob-tyson-3a26a68/

Podcast Description

Rob Tyson is an established recruiter in the mining and quarrying sector and decided to produce the “Dig Deep” The Mining Podcast to provide valuable and informative content around the mining industry. He has a passion and desire to promote the industry and the podcast aims to offer the mining community an insight into people’s experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics. 

In this episode, we chat to John Welborn, Executive Chairman of Fenix Resources, is a highly profitable, fully integrated mining, logistics and port services business with assets in the Mid-West region of Western Australia. The Companies flagship operations is their Iron Ridge Iron Ore Mine which is a premium high grade, high margin, direct shipping iron ore operation located approximately 360km northeast of Geraldton that hosts some of the highest-grade iron ore in Western Australia.

John is a Chartered Accountant and a former professional rugby player and Wallaby, developing his career in the mining industry over the last decade in executive management and board positions with a handful of companies. As the executive chairman of Fenix Resources, he’s going to share his journey from playing professional rugby moving into the resources sector, the history of Fenix Resources, their relationships with indigenous community, overview of the iron ore industry and much more.

John will be attending the Resourcing Tomorrow Event (3-5 December, London) which is Europe's largest mining event, designed to foster innovation, drive collaboration, and accelerate growth in the mining industry. Use code DIGDEEP10 for a 10% discount on Delegate Passes when you register here: https://hubs.ly/Q02WXjzd

So grab your tickets now and hopefully we will see you there

KEY TAKEAWAYS 

• Fenix Resources is a rapidly expanding iron ore producer in Western Australia, known for its unique approach to logistics and operations, including the use of road transport instead of traditional rail systems.
• The company places a strong emphasis on building relationships with local communities and indigenous groups, ensuring that their operations benefit the local population and respect cultural heritage.
• Technological Integration: Fenix Resources leverages advanced technologies, including AI for fleet management and driver training, to enhance operational efficiency and safety, particularly in their haulage operations.
• Fenix Resources aims to triple its production from 1.3 million tonnes to 4 million tonnes per annum by early 2025, with a focus on sustainable growth and profitability in a volatile iron ore market.

BEST MOMENTS

"I think the connection between running mining companies and being a part of a rugby team is really obvious... It's about building teams to be successful."

"We believe... that we can make smaller capital investments with quicker capital returns based on known margins."

"We don't believe that we need a railway to deliver low cost, high quality, efficient bulk commodity transport."

"Our opportunity is to revalue that investment and monetise it... providing value across the value stream to the Wiradjuri American people, to the state government, and certainly to the Midwest."

VALUABLE RESOURCES

Mail:        [email protected]

LinkedIn: https://www.linkedin.com/in/rob-tyson-3a26a68/

X:              https://twitter.com/MiningRobTyson 
YouTube: https://www.youtube.com/c/DigDeepTheMiningPodcast 

Web:        http://www.mining-international.org

GUEST SOCIALS

Website: https://fenix.com.au/

LinkedIn: https://www.linkedin.com/company/fenix-resources/

X: https://x.com/Fenix_Resources

YouTube: www.youtube.com/@fenixresourcesltd452

Email: [email protected]

ABOUT THE HOST

Rob Tyson is the Founder and Director of Mining International Ltd, a leading global recruitment and headhunting consultancy based in the UK specialising in all areas of mining across the globe from first-world to third-world countries from Africa, Europe, the Middle East, Asia, and Australia. We source, headhunt, and discover new and top talent through a targeted approach and search methodology and have a proven track record in sourcing and positioning exceptional candidates into our clients' organisations in any mining discipline or level. Mining International provides a transparent, informative, and trusted consultancy service to our candidates and clients to help them develop their careers and business goals and objectives in this ever-changing marketplace.

CONTACT METHOD

[email protected]

https://www.linkedin.com/in/rob-tyson-3a26a68/

Podcast Description

Rob Tyson is an established recruiter in the mining and quarrying sector and decided to produce the “Dig Deep” The Mining Podcast to provide valuable and informative content around the mining industry. He has a passion and desire to promote the industry and the podcast aims to offer the mining community an insight into people’s experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics.