Category: Research

MPS Commissioned Research Report Nova Minerals Ltd (NVA.ASX) – Update

by Alison Sammes

Nova Minerals Report Key Points

  • Maiden 2.5Moz Inferred JORC Resource achieved in Sept 2019
  • Resource size 181m tonnes @0.43g/t Au at 0.18g/t cut-off
  • Korbel is a near-surface, large scale and low strip IRGS deposit
  • Blocks A & B are open at depth and along strike
  • Resources drilling program underway in early 2020
  • Expect resource upgrade to double current resource base
  • Follow up drilling on RPM target - 102m @1.04g/t Au
  • Estelle tenement area extended by 85% to 220km2
  • Tenements have 15 known gold prospects so far
  • Estelle value could exceed $0.20/NVA share
  • Download Full Nova Minerals Research Report here

Nova Minerals (NVA) has the Estelle Gold Camp in the premier Tintina Gold Belt that hosts >220Moz in mostly bulk tonnage but high margin deposits.

Estelle has established a 2.5Moz JORC resource on Korbel Blocks A&B and the 2020 program is targeting a further 2-5Moz from here and in Targets C&D.

Officer Hill Gold Project with Newmont showing encouraging results chasing Callie-style mineralisation in the Tanami Region gold system. 

Nova Minerals Ltd Research Report Front Page

NVA is fortunate in having a number of existing new or project mines in the Tintina Gold Belt for comparison so indications on capital and operating costs are current or recent.

Nova Minerals Ltd Research Report Comparisons with Dublin Gulch (Victoria Gold - Eagle Mine)
The geophysical work at Korbel has identified additional potential resources at Targets C and D but it is important to note that no drilling has yet tested these Targets at all.

Call me to participate.

Barry Dawes BSc F AusIMM MSAFAA

Executive Chairman
Martin Place Securities

+61 2 9222 9111

Disclaimer: This commissioned report has been written by Martin Place Securities Pty Ltd. Data has been sourced from available public information and reflects the author’s own assessments.

GoGreen Holdings Invesment

by Barry Dawes



Beyond Meat (BYND.NASDAQ) produces plant based meat products

  • Stock price peaked at a 850% gain from US$25 IPO price to ~US$240!
  • Market cap exceeded US$14bn and is now ~US$10bn
  • Plant-based meat substitutes finally have meat tasting products
  • BYND will report 170% sales gains in 2019 to US$240m
  • Product distribution through mass marketing giving rapid sales growth
  • These products likely to achieve 10% market value share of 300mtpa meat market by 2030
  • Market value of broad meat market could be US$2-3tn by 2030
  • Clean meats revolution is starting as a global phenomenon
  • Australian based Go Green Holdings has Australian and Asian market opportunities
  • Product sourced from Taiwanese manufacturers with >25 year sales experience
  • ASX listing proposed through associate GoConnect (GCN.ASX) 44% share holder   
  • Significant upside potential possible here
  • Stock now available in Go Green Holdings at A$1.50/share
  • Commissioned Research Report attached
  • LINK to my  VIDEO interview on Go Green with ProActive investors
  • Contact me to participate: 
    +61 2 9222 9111

Global meat production 300m tonnes

The first 'tastes, cooks and looks like meat' burger

GoGreen’s Product source at Hoya Foods in Taiwan  - >25 years production and global sales



Video link to interview today on Proactive Investors

Call me to participate

+61 2 9222 9111

Research Report: Torian Resources (ASX:TNR)

by Alison Sammes

Torian Resources is a key participant in the Zuleika Corridor Gold Camp

Key Points

  • TNR is earning 49% of ~223km2 along the Zuleika Corridor by spending $5m
  • Zuleika Corridor Coolgardie Domain already has >7moz in resources
  • 7 major recent gold discoveries in contiguous ground by NST & EVN
  • 55,000m of RAB and RC drilling planned by TNR for FY17
  • Existing local mill facilities allow rapid discovery to production potential
  • Mt Stirling offers high-grade, >98% recovery near-term production potential
  • A$3.5m raised in recent capital issue to fully fund its FY17 programme
Download the report now
Martin Place Securities has produced a commissioned research report on Torian Resources, a small company operating in and around Kalgoorlie with particular focus on tenements along the Zuleika Corridor about 40km west of Kalgoorlie. What began as an interesting region for a small cap exploration play for MPS clients, the Zuleika Shear west of Kalgoorlie (now considered in some circles to be the Zuleika Corridor) has turned out to be something far more significant for the Australian gold industry and for the major companies in this area:- Northern Star, Evolution, Tribune and Rand Resources. This Zuleika Corridor is now Australia's fifth largest goldfield, producing over 400,000ozpa, and is expected to rise as new mines from NST and EVN in particular are brought on stream. The K2 and Strzleckie Structures carry narrow very high grade veins that support high grade and low cost mines that are currently very profitable and are amongst Australia's highest grade producers. This production growth in a single goldfield mining camp is unprecedented in Australia my experience. The growth in resources is also very substantial and the technical evidence from NST in particular is that the strong growth will continue.

Whilst most DawesPoints readers will be aware of the spectacular +750% performance of the ASX Gold Index from 2000 into 2011 like this:

They may not be aware that WA and the Kalgoorlie region in particular did not participate and in fact gold production fell 50% into 2008.

The gold production renaissance now underway and the exciting performance of the Zuleika Corridor makes for outstanding investment opportunities in the areas around Kalgoorlie. Torian Resources is very well placed here and the Company's management which includes MD Matthew Sullivan, who also discovered important deposits in Kundana itself and also Kanowna Belle, has assembled a tenement package that covers about 25% of the line of strike of the highly productive K2 structure along the Zuleika Shear. Torian's tenements along the Zuleika Shear are well chosen and even the tenements in the NE beyond Mt Pleasant may prove up to be a pleasant surprise.


The company is small but the opportunity has large potential and is deserving of a thorough assessment. The data indicates that the region is still substantially underexplored with <5% of drill holes to date exceeding 100m below surface. Barry Dawes BSc FAusIMM  MSAA I own TNR, NST, EVN, TBR and Cascade.   [button id="" css_class="" button_text="Download Torian Report" button_url="" button_style="style-1"]

Blackham Resources Limited (ASX: BLK) Research Update – Moving To Mining

by Alison Sammes
The gold price is beginning to show encouraging signs of beginning the next stage of the long term bull market that will take it to new highs over US$2000/oz. The demand for gold from India and China already exceeds global mine production and is adding to high investment interest from Europe and North America.  Central banks are also now significant net buyers so the overall gold market is tightening up. We also have to ask `who will be the sellers?’ to meet this demand at today’s prices. Gold has already been rising in most currencies and the recent weakness in the A$  has pushed up the gold price up above A$1500/oz. The ASX  Gold Index has responded to the better gold market and is up 60% from its low in November but it is still 69% below the 2011 high when gold was only about A$1400/oz compared to A$1550 today. There is much to catch up. Some Paradigm gold stock recommendations from the2014 December Dawes Points are up over 100% (NST +117, EVN115%) with others up over 50% (SAR +95%, MLX +83% and DRM +78%).  The recent strong earnings reports from many of these companies and some with increased dividends can only get better in 2015 with a gold price A$150/oz higher. Blackham Resources is one company that has outstanding prospects from its Wiluna gold mining project that Paradigm considers will provide outstanding short and long term returns as the entire Wiluna Goldfield is revived.   With 4.7moz resources and a 1.3mtpa processing plant the project should have a long term future at gold production rates of over 100,000ozpa generating revenues of over A$150mpa. Most Paradigm account clients hold BLK and should do very well as long term investors. Risked milestones are provided to indicate an 18 month share price base target of A$0.90/share with potential of $1.57. If you don’t have BLK and don’t have account with Paradigm  you might be missing out!

Key Points

  • Engineering studies on mines and mill well advanced
  • Target of >80kozpa by mid 2016 then >100kozpa
  • Mill refurbishment  capital costs set at <A$16m
  • Mine development costs estimated at <A$10m
  • Total funding requirement is estimated at <A$26m
  • Cash flow positive five months after major funding drawdown
  • Initial resources base in excess of 4.7moz and growing
  • Additional potential of up to 3moz in near mine exploration


Blackham Resources’ 1.3mtpa Matilda Gold Project to produce 100-110,000ozpa is coming closer to fruition with progress made on the mill rehabilitation process and the finalising of ore sources from the current 4.7moz resource.   Exploration appraisals are also providing potentially significant new resources. Higher A$ gold prices and the fall in the cost of mining contractor equipment and fuel costs should give this project even more attractive margins. Paradigm has determined a Base Case Project NPV8at A$1,500/oz of A$173m   (A$0.90 /share fully diluted) and a Standard Case Project NP V8 at A$1,500/oz ofA$303m (A$1.57 /share fully diluted).  Risked milestones are provided to indicate an 18 month share price base target of A$0.90/share with potential of $1.57.

Download the BLK Report Now