Tag: Mader Group

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Morning News Bites – September 4

Morning News Bites September 4 2020

S&P Dow Jones Indices announced changes in the S&P/ASX Indices, effective at the open of trading on September 21, 2020, Victoria Premier Dan Andrews set to release the plan for easing restrictions on Sunday and US Tech stocks drove Wall Street down overnight.

Brecciated and altered sediments containing disseminated and blebby
sulphides.

Encounter Resources have announced drill ready gold targets at Lamil, Paterson Province, WA. The targets are set to have drilling commence this month.  Encounter Managing Director Will Robinson said “High grade gold has been intersected in broad spaced drilling over 5km of the Lamil dome. Innovative new geophysical 3D inversion modelling of the IP, magnetics and airborne EM data has provided a potential step change in the structural understanding at Lamil and has highlighted an untested Havieron style target adjacent to the extensive breccia zone drilled in March 2020.”

Magnetic imagery indicates potential for around a 1.2km long extension of the western flank of Parks Reef for Podium Minerals. The locations of anomalous platinum, palladium, gold and copper in rock chip samples closely align with the observed stratigraphy in the Parks Reef drill results. Within the currently defined Mineral Resources in 3 separate resource blocks in the west, central and eastern sectors of Parks Reef with contained metals of 1,140,000 ounces of combined platinum, palladium and gold plus base metal credits with 37,300
tonnes copper. A resource upgrade is targeted for October 2020 and a drill campaign is planned to extend the total resources to a combined length of 8.5km,
including a continuous resource block spanning approximately 6.1km over the western half of Parks Reef. This is off the back of recent drilling which revealed thick intervals of significant platinum, palladium and gold mineralisation over 1.6km of strike length connecting the western and central resource blocks.

A joint venture for Flinders Mines with BBI Group Pty Ltd has resulted in the conditions precedent being satisfied or waived. Flinders Independent Non-Executive Chairman, Mr Neil Warburton said: “This is an important milestone for Flinders as there is now a pathway to bring PIOP iron ore to market and the first step of this is for BBIG to advance the necessary feasibility studies. “This has been a long time coming and we thank our shareholders for their patience. An exciting development in our journey for our shareholders really begins here.” The JV is for the proposed development of Flinders Mines flagship Pilbara Iron Ore Project

Mader Group has appointed a new Chief Financial Officer Mr Paul Hegarty. According to Mader Group Chief Executive Officer Patrick Conway  “We are delighted to welcome Mr Hegarty to Mader Group’s leadership team. He brings awealth of financial experience with him and we look forward to his input in what we envision will be a high performing year ahead,”

Azure Minerals has entered into an exclusive and binding agreement to acquire 100%-ownership of the Barton Gold Project, a single Exploration Licence Application (ELA 40/393) from local company 30 Well Pty Ltd. Commenting on this acquisition, Azure’s Managing Director, Mr. Tony Rovira said the purchase reduces the risk for Azure “Building a portfolio of Western Australian projects has reduced Azure’s risk profile by diversifying across commodities and jurisdictions. This strategy has now given shareholders exposure to two of WA’s most exciting gold exploration areas – the Mallina district in the Pilbara and the reborn Kookynie district – as well as taking on Creasy’s nickel-copper discovery in the Andover layered mafic-ultramafic complex. Given recent exploration successes in the Kookynie district by other companies, Azure is confident that comprehensive and targeted exploration on the largely unexplored 200km2 Barton landholding has good potential for the discovery of significant gold mineralisation.”

 

 

 

 

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Morning News Bites – Aug 10

In Today’s Morning News Bites for August 10. Victoria has recorded its deadliest day of the COVID-19 pandemic, with 19 deaths overnight. EY forecast a fresh wave of mergers an acquisitions for the Australian mining sector, with companies making most of high priced commodities. Mader Group FY20 results are out, up 20% from FY19 ($274m). Aurizon report another strong year, with FY20 up 10% on the previous year ($909m).

Strong gold hits in first air-core program at Whiteheads for Great Boulder Resources. Initial assays define gold mineralisation over 400m of strike at the Blue Poles prospect at Arsenal including: 6m @ 2.03g/t Au from 48m to EOH and 23m @ 0.54g/t Au from 32m to EOH, including 4m @ 1.69g/t. Great Boulder Managing Director Andrew Paterson commented that the company is excited by the initial assays. “It’s extremely encouraging to get such good numbers in the first batch of assays. This bodes well for further work on the Arsenal trend.”

Encouraging signs for the Rover Project for Twenty Seven Co., with assay results for the first half of the shallow auger and soil geochemical sampling program undertaken. The Harmonic target size has more than tripled to ~650m long, with a 1.77g/t Au rock chip sampled 400m north-west along strike from the nearest drill-hole, with a new soil sampling also confirming a gold anomaly ~650m long at Harmonic

Bryah Resources Limited release the results of leaching test-work undertaken on samples from the Windalah Gold Prospect, located within its Bryah Basin Project, north of Meekatharra in central Western Australia. A highlight of 12 metres @ 4.32 g/t Au from surface, including 2 metres @ 17.19 g/t Au from 3 metres was confirmed by 15 one metre residual drill samples (0-15m depth), that were
delivered for testing for gold recovery by cyanide using a 6-hour bottle roll leach test at a laboratory
in Perth.

Essential Metals confirm plans for major new field exploration programs, set to commence at the Kangan JV Gold Project, near the Pilbara region in Western Australia. Novo Resources Corp and Sumitomo Corporation are earning a 70% Joint Venture interest in the Kangan Project by spending $460,000 on exploration by December 2020.  Managing Director, Tim Spencer, said: “The sheer scale of the Novo’s Pilbara Gold Project was brought home to me during my visit to the region. The gold endowment in the Pilbara appears to be widespread and very significant.”

Potential for large-scale high-grade Sulphate of Potash Project at Lake Throssell for Trigg Mining, with results from the helicopter-supported rotary drilling program have confirmed the presence of a high-grade surficial aquifer over an extensive area, with favourable host lithologies.

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Mader Group Celebrates 15 Years

Mader Group is proud to celebrate the company’s 15 year anniversary through the launch of a ‘Moments of Mader’ competition to showcase the business’s fast-paced journey to success.

Now recognised globally, the company has gained experience operating in 16 countries across 4 continents, acquiring a reputable position as the largest independent maintenance provider for heavy mobile equipment in Australia (outside of the original equipment manufacturers).

Founded in 2005, the business stems from humble beginnings with Founder and Executive Director, Luke Mader, working out of his Ute in the Kimberley’s as a young mechanic. It was here he serviced his first ever customer, Roche Mining – the first of a now 200+ wide customer base ranging from top tier miners to backyard equipment operators.

Expanding from its homestate, Western Australia, Mader entered West Africa and South East Asia in 2011 before taking on the rest of the nation. Between 2016 and 2018, the company established offices in Australia’s second and third largest mining states, Queensland and New South Wales, before opening office in Colorado, North America.

“Our geographical footprint allows employees the chance to travel the world without changing their shirt,” said Luke Mader, Executive Director of Mader Group.

“In 2019, we sent a large team of specialists to South America to complete a planned shutdown for a Liebherr 996 Mining Excavator. This was a great feat for the company but also a prized experience for those fortunate enough to go for the 6 month period.”

Offering access to tap on, tap off maintenance services in Australia, Africa, Asia and the Americas, the international conglomerate has sustained organic growth and maintained momentum through a number of adverse climates. In 15 years of operation, the company’s business model has stood strong against setbacks including the Global Financial Crisis, a 4 year period of economic downturn and the latest global Coronavirus pandemic.

The company’s continued success is a testament to its people and community focus. With over 1,300 staff at its helm, Mader takes pride in being a big company with a small business feel. The business often sponsors community events in regional areas and supports a strong base of repeat customers comprising long standing, recurring relationships over a decade long.

One of Mader Group’s latest ventures, invests back into the mining sector by shaping the future of the workforce. In the past 12 months, Mader have run a series of Trade Upgrade Programs upskilling experienced Light Vehicle Mechanics to Heavy Duty Diesel Mechanics.

“The program gives tradespeople a foothold into the mining industry. We were thrilled to see our first wave of upskilled duel traders celebrating 6 months in the field just last week,” Luke Mader explained.

“This year has been a whirlwind which marks many milestone achievements for us. We’re excited to celebrate 15 years in operation and to see where the next 15 will take us.”

 

With assistance Mader Group