Having graduated from the Western Australian School of Mines (WASM) in 1993, Great Boulder Resources (ASX:GBR) Managing Director Andrew Paterson is old school but ready to rock as the company eyes a million-ounce resource target.
With Great Boulder among the many under-valued gold juniors in the ASX landscape, Paterson still sees value in attending events such as the upcoming International Mining and Resources Conference (IMARC) in Sydney, despite the current challenging environment.
“The IMARC format allows us to focus more on one-on-one meetings with investors and fund managers, which is better than the old school dog and pony show where we spend three days standing in a booth getting pestered by drilling companies,” Paterson tells Mining.com.au ahead of the event on 29-31 October.
“I don’t think conferences are as relevant as they used to be, but IMARC is a great opportunity to meet new people face-to-face.”
Paterson says Great Boulder is being very selective with attending conferences these days as many are dominated by service providers, whereas the company is focusing on meeting investors, establishing relationships, and “spreading the word about GBR to a wider audience”.
As such, the company will engage delegates at IMARC interested in investing in the Australian gold exploration sector, whether they represent institutional capital or are a retail investor. For “shonks flogging weird financing arrangements”, Paterson advises that Great Boulder might be one to avoid if it’s on their radar.
“The reason we stand out from the pack is because our Side Well Gold Project is an under-explored area in the middle of existing structure, 10 minutes from Meekatharra and we have really good geoscience underpinning a massive prospect pipeline,” he tells this news service.
“We’re possibly the busiest junior explorer in Australia and we’re 100% focused on achieving the million-ounce resource target as soon as possible.”
Great Boulder will soon complete follow-up drilling its Mulga Bill Project next year after assays from two diamond holes confirmed the project’s depth potential extends to 500m below surface.
Both holes intersected gold in north-plunging veins and subvertical shear-hosted lodes, which Great Boulder’s mineralisation model had predicted. Assay results include 5.93m @ 3.51 grams per tonne gold, including 1m @ 19.3g/t gold; 1m @ 7.74g/t gold; and 1m @ 7.02g/t gold.
Paterson says these latest results indicate a “substantial exploration upside” and demonstrate the growth potential of Mulga Bill’s resource, which is currently 568,000 ounces at 2.7g/t gold, at depth.
Mining.com.au will again be in attendance at IMARC. Register here for the event.
Write to Adam Orlando at Mining.com.au
Images: Great Boulder
