Proactive - Interviews for investors

Nexus Minerals Ltd (ASX: NXM) managing director Andy Tudor joins Proactive’s Jonathan Jackson to discuss positive results from a scoping study for open-pit mining and third-party toll treatment of the Crusader-Templar gold deposit at the Wallbrook Project, located 130 kilometres northeast of Kalgoorlie, Western Australia.

The study indicated strong project economics across varying gold prices, achieving positive outcomes above A$2,635 per ounce. At a gold price of A$3,000 per ounce, the study assessed 26% of the current gold mineral resource, estimating production of 1.5 million tonnes at 1.75 g/t, yielding an undiscounted cash surplus of A$67 million. Higher gold prices of A$3,500 and A$4,000 per ounce increased the surplus to A$106 million and A$28 million respectively.

Mining operations are planned as a Stage 1 multi-pit campaign over 28 months with a strip ratio of 16:1. Pre-mining capital and start-up costs are estimated between A$2.2 million and A$3.3 million, with total funding requirements projected between A$10 million and A$15 million. The scoping study, conducted by Minecomp Pty Ltd, lays a foundation to refine material inputs and enhance project economics.

Tudor highlighted the significant potential cash generation and further upside of the Crusader-Templar deposit, noting that only 26% of the published resource was included in the study. Nexus plans to advance permitting, regulatory processes, and explore joint venture partnerships to commercialise the project.

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Saturna Capital Executive Vice President Monem Salam joined Steve Darling from Proactive to discuss the Saturna Al-Kawthar Global Focused Equity UCITS ETF. This ETF is listed on several European exchanges, including the London, Deutsche, and Swiss exchanges. The fund invests in 35 to 40 companies, balancing exposure between developed and emerging markets, particularly in technology sectors in Asia. The fund employs a rigorous screening process, focusing on Sharia-compliant stocks that adhere to Islamic principles. This involves excluding industries such as alcohol, tobacco, gambling, and banking due to the prohibition of interest in Islam. Financial ratio screens further ensure limited exposure to debt and interest. The fund also incorporates Environmental, Social, and Governance (ESG) criteria, assessing companies on sustainability factors and ranking them across various parameters.

The portfolio is diversified across sectors like technology and pharmaceuticals, with significant holdings in companies like Novo Nordisk and Eli Lilly. The fund avoids oil and gas investments, which can impact performance variably based on market conditions. Despite this, it has achieved an inception-to-date return of about 9%. Salam highlighted the fund's appeal to both Muslim and non-Muslim investors, noting its ethical investment approach and strong downside protection during financial crises. This aspect attracts investors seeking stability and consistent long-term performance.

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Galaxy Gaming CEO Matt Reback joined Steve Darling from Proactive to discuss the company's focus on table games for both land-based casinos and online platforms. Based in Las Vegas, Galaxy Gaming has been in business for approximately 30 years, originating from the creation of the Lucky Ladies side bet. The company now offers a variety of games, including felt games, electronic table games, and interactive table games. Galaxy Gaming’s products are distributed globally, with installations in over 600 casinos and 76 cruise ships. The company offers traditional games like blackjack and baccarat, as well as proprietary games such as Easy Baccarat and Heads Up Hold'em. Known for its popular side bets, Galaxy Gaming holds five of the top seven blackjack side bets, including 21+3 and Perfect Pairs.

The company has seen significant growth in its online presence, reporting 3.5 billion wagers on its games in the past year through partnerships with major gaming companies like Evolution and Playtech.

Reback shared insights into the company’s Q1 financial results, highlighting record-breaking gross and net revenues achieved by significant margins. In the core sector of business, gross revenue for the quarter increased by $1 million, or 20%, and net revenue grew by $225,000. A key factor in this growth was the distribution of EZ Baccarat, which began in September 2023 and accounted for the bulk of the increase in recurring license revenue.

The strong performance and market demand for Galaxy Gaming's innovative products and solutions.

Additionally, the company has added Steve Kopjo as the new Chief Financial Officer. Kopjo brings a wealth of experience from senior finance and accounting positions held at various publicly traded gaming companies. He began his career at Ernst & Young as an auditor for casino operators, where he acquired his CPA license. Kopjo has developed a diverse skillset in technical accounting, investor relations, corporate finance, and mergers and acquisitions through his roles with both operators and suppliers, including SHLF Entertainment, Wynn Resorts, Play AGS, and most recently, as Vice President of Finance at Everi Holdings.

#proactiveinvestors #galaxygaminginc #otc #glxz

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London’s FTSE 100 has slipped lower this morning after experiencing falls from some of the index’s largest companies.

Both oil giants BP and Shell tumbled as much as 2% as the markets began to adjust for further slips in oil prices, with Brent crude down close to 1% today.

British American Tobacco saw its shares lift marginally despite cutting its first-half forecast due to US macroeconomic pressures and the rise of illicit vape products globally.

However, shareholders were left impressed after the group maintained full-year guidance, citing market share gains in the tobacco sector and a recovery in vaping as two key driving forces.

In macro news, UK retail sales rebounded in May, with sales surging by 0.7% year-on-year, representing a marked improvement from the 0.3% average of the last three months.

Yet, figures are still behind the 12-month average of 2%, something analysts believe is the effect of wet weather and an uptick in mortgage interest rates.

#ProactiveInvestors #marketreport #ftse #ftse100 #footsie #bp #shell #brentcrude #oil #britishamericantobacco #vape #tobacco #retail #retailsales #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

Astral Resources NL (ASX:AAR) managing director Marc Ducler sits down with Proactive’s Jonathan Jackson to discuss the recently completed reverse circulation (RC) drilling at the Kamperman Prospect within the Feysville Gold Project in Western Australia, extending the strike length to approximately 450 metres.

The 18-hole, 2,172-metre RC drill program focused on infill and extensional drilling. The program aimed to reduce line spacing to no more than 40 metres and tested an 80-metre northern and 40-metre southern extension. Results showed consistent positive gold mineralisation, with highlights including 28 metres at 1.99 g/t gold.

The successful drilling supports gold mineralisation interpretation over a 450-metre strike length, which remains open to the north. Astral is now preparing a maiden mineral resource estimate (MRE) for Kamperman, along with MRE updates for the Think Big deposit and Rogan Josh prospect, expected later this year. Feysville currently hosts a MRE of 3 million tonnes at 1.3 g/t gold, potentially providing satellite ore feed for the Mandilla Gold Project.

Ducler noted the efficiency of shallow RC drilling, with a slimline RC rig now in use at Rogan Josh. The new resource estimates will contribute to the broader Feysville MRE update, expected in the latter half of 2024. Regional exploration, including aircore drilling, is planned to test gold targets north of Kamperman.

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GTI Energy Ltd (ASX:GTR, OTC:GTRIF) executive director Bruce Lane sits down with Jonathan Jackson in the Proactive studio to discuss the appointment of highly experienced Simon Williamson and plans for drilling at its US uranium projects.

GTI Energy has appointed Williamson, former general manager and director of Cameco Australia, as a non-executive director. Williamson has 13 years of experience in the uranium industry with Cameco, overseeing strategic and operational directions, project approvals, and stakeholder relations. His expertise includes project due diligence, feasibility studies and regulatory affairs, notably contributing to major projects like Kintyre and Yeelirrie and Cameco’s global ESG reporting.

Williamson’s previous roles include positions with Cliffs, Sons of Gwalia, the WA Chamber of Minerals and Energy, and WMC. This appointment follows the resignation of GTI chairman Nathan Lude, who served for five years and established GTI as an ISR uranium developer in the US.

Lane expects Williamson's extensive experience and industry relationships will enhance the development of the company's Lo Herma Project. GTI has contracted a Wyoming-based exploration drilling contractor for its July drill program at Lo Herma, aiming to expand resource areas and upgrade mineral resource classification. The program includes 71 drill holes and construction of groundwater monitoring wells, with data collection for metallurgical testing. Drilling is set to commence next month pending permit and environmental clearances.

Additionally, GTI has finalised a maiden drill plan for the Green Mountain Project, with 16 drill holes planned for 2024. The program aims to validate historical data and interpret mineralised regions from a geophysical survey. The decision to proceed is contingent on reclamation bonding approval.#ProactiveInvestors #GTIEnergy #ASX #Uranium, #Mining, #SimonWilliamson, #Cameco, #UraniumIndustry, #ISR, #LoHermaProject, #DrillingProgram, #MineralResources, #NathanLude, #GreenMountainProject, #Exploration, #ResourceExpansion, #MetallurgicalTesting, #EnvironmentalClearance, #Wyoming, #ScopingStudy, #ESG, #MineralDevelopment

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EZZ Life Science Holdings Ltd (ASX: EZZ) chairman Glenn Cross joins Proactive’s Jonathan Jackson to discuss a five-year sales agreement with Pinehills (Hong Kong) Limited. Pinehills will purchase EZZ-branded products worth at least A$15 million in the first year, starting May 2024, with a minimum 10% annual increase in purchase volume over the term.

The agreement will expand EZZ’s distribution into China, Vietnam and other Southeast Asian markets. Pinehills, established in 2022, specialises in distributing maternal and infant health, skincare and cosmetics products and has a robust distribution network across China and Southeast Asia.

Should Pinehills fail to meet the purchase growth requirements, EZZ reserves the right to claim all costs and losses. The agreement concludes on April 30, 2029.

Cross highlighted the significance of this agreement in enhancing EZZ’s market reach and customer base, reflecting the company's commitment to growth and innovation.

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Australian Potash Limited (ASX: APC) managing director and CEO Matt Shackleton joins Jonathan Jackson in the Proactive studio to discuss the mobilisation of an aircore drill rig to the Lake Wells Gold Project in Yamarna, via Wiluna.

The drill program will target two primary areas, the West and East targets. According to Shackleton, the project spans 13 exploration licences over more than 540 km², located approximately 50 kilometres northwest of the Gruyere gold mine. The program aims to test the contact zone between the Yamarna greenstone and the granites, as well as the Ibanez trend identified by neighbouring Gold Road Resources. The program includes a 4,000m – 6,000m in-fill and extensional drill, designed to test extensions to the Yamarna shear zone and the Ibanez trend.

Additionally, APC has issued 20,000,000 ordinary shares to the vendors of the West Arunta tenement E80/5778, finalising the Tenement Sale Agreement from June 7, 2023. The tenement is now fully owned by APC.

APC holds a 100% interest in the West Arunta Nexus Project, an early-stage exploration opportunity in Western Australia's most promising exploration frontier. APC also holds 100% interests in the Lake Wells Gold Project and the Laverton Downs Project, both located in Western Australia’s Eastern Goldfields and prospective for various minerals.

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Latin Resources Ltd (ASX:LRS, OTC:LRSRF) managing director Chris Gale speaks with Proactive’s Elisha Newell after the company enhanced its Salinas Lithium Project in Brazil via a mineral resource update (MRE).

The revised estimate, which significantly increases both the overall resource and the JORC confidence levels at the lithium play, stands at 77.7 million tonnes of ore at 1.24% Li2O, reflecting an 11% increase from the previous estimate.

Notably, 95%, or 67.27 million tonnes of the cornerstone Colina deposit’s resource, is now classified in the higher confidence measured and indicated categories.

The update precedes a definitive feasibility study for Salinas, which is set for release next quarter and expected to positively impact project economics by enhancing cash flow and extending mine life.

Latin’s Colina deposit, with an overall resource of 70.9 million tonnes at 1.25% Li2O, ranks among the largest-scale, tier-one undeveloped lithium deposits globally.

In light of the resource, Gale praised the exploration team's work in achieving this uplift in MRE tonnage and confidence, reinforcing the project's status as a globally significant lithium deposit.

The updated MRE includes a measured resource of 28.64 million tonnes at 1.31% Li2O, an indicated resource of 38.63 million tonnes at 1.23% Li2O, and an inferred resource of 3.6 million tonnes at 1.10% Li2O.

The company is continuing offtake discussions with several credible parties to secure low-cost funding and further progress the project.

#ProactiveInvestors #LatinResources #ASX #LRS #SalinasLithiumProject #Lithium #Mining #ResourceEstimate #JORC #FeasibilityStudy #MineralResources #ProjectEconomics #Exploration #BrazilMining #ColinaDeposit

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Cordiant Capital CEO and managing partner Benn Mikula delves into the evolving cloud landscape, highlighting its integral role in modern digital infrastructure in an interview with Proactive's Stephen Gunnion.

Contrary to its intangible implication, Mikula noted that the cloud manifests physically through data centres, fibre optic cabling, and a network of masts and antennae. Data centres, resembling large warehouses, are pivotal in storing and processing data, facilitating various online activities. These facilities are noted for their substantial consumption of electricity and water.

Mikula explains the diversification within cloud services, emphasizing the rise of hybrid clouds. Companies like Amazon and Microsoft offer comprehensive cloud services, while others opt for colocation data centres, showcasing the cloud's multifaceted nature. The demand for cloud capacity is surging, driven by the digital economy's expansion and artificial intelligence. This demand prompts a significant increase in data centre capacity, especially in North America and Europe, though challenges such as land availability, power grid capacity, and water demand pose constraints.

Through the Cordiant Digital Infrastructure Ltd (LSE:CORD), Mikula said Cordiant Capital's investment strategy focuses on the infrastructure underpinning the internet, such as data centre buildings and fibre optic cabling. He shared insights into investment opportunities on both the supply and demand sides of cloud capacity. A notable investment is in CRA, a Czech Republic-based platform, reflecting Cordiant's strategy to invest in and expand data centre capabilities, especially in emerging data centre hubs.

The discussion also touches on the strategic importance of digital crossroads and interconnect data centres, vital for the seamless operation of the digital network, illustrating Cordiant's proactive approach in capitalizing on the cloud's evolving landscape.

#CordiantCapital #CloudComputing #DataCentres #DigitalInfrastructure #HybridCloud #AI #InvestmentOpportunities #DigitalEconomy #FibreOpticCabling #CloudServices #ProactiveInvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews