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Golden Deeps Ltd (GED)

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Company Deep Dive

Golden Deeps (ASX:GED) is an emerging explorer-developer focused on the world-class Otavi Mountain Land (Otavi) Copper District of Namibia. GED has very high-grade battery-metals deposits including vanadium and copper as well as lead, zinc and silver, on a brownfields site with limited modern exploration.

Golden Deeps has a unique regional development and processing model based on building resources and advancing development planning with the ultimate objective of becoming a key player in the supply of battery minerals, such as vanadium and copper, for the rapidly growing EV and renewables markets.

Golden Deeps also has two highly prospective and historically under-explored gold and copper-gold projects in the world-class, Lachlan Fold Belt of NSW, Australia, as well as high-grade cobalt projects in Ontario, Canada.

Key Details
Projects
4
Industry
Mining
Headquartered
Perth
Primary Market
Vanadium and Gold
Updated: 01 Jan 2022

Why Invest in GED

Under-explored tenements in world-class copper belt, with previous high-grade production of copper, vanadium, lead, zinc and silver

Key battery metals targeted, with a very positive price outlook – feeding the growing EV market

Portfolio of tenements in world-class Lachlan Fold Belt, with drill ready targets

Management team with a track record of Brownfields discovery in these environments

Leadership Team

Board of Directors

Mark Savich

CEO and Executive Director
May 2014 - Present

Mr Savich has over 15 years of technical and financial experience in the resources industry, dealing from early stage exploration through to production. He is skilled in project identification, technical and economic evaluation and public company management.

Profile

Mark Savich

CEO and Executive Director

May 2014 - Present

Mr Savich has over 15 years of technical and financial experience in the resources industry, dealing from early stage exploration through to production. He is skilled in project identification, technical and economic evaluation and public company management.

Mr Savich holds a Bachelor of Commerce from the University of Western Australia and a Graduate Diploma in Mineral Exploration Geoscience from Curtin University. He is a CFA Charterholder, a Chartered Accountant (CA) and is a graduate member of the Australian Institute of Company Directors (AICD).

Richard Seville

Non-Executive Director and Chairperson
Jul 2019 - Present

Mr Seville has over 35 years experience in the resources sector including positions as Managing Director, Operations Director, Non-Executive Director and Chair.

Profile

Richard Seville

Non-Executive Director and Chairperson

Jul 2019 - Present

Mr Seville has over 35 years experience in the resources sector including positions as Managing Director, Operations Director, Non-Executive Director and Chair.

Mr Seville recently retired from his position as CEO and Managing Director of Orocobre Limited, a lithium and boron chemicals producer with operations in Argentina.

He led Orocobre Limited for 12 years where he took the flagship Olaroz brine project through exploration, feasibility, financing with project debt and partnering with Toyota Tsusho Corporation and into production.

Mr Seville holds a BSc in Mining Geology from Imperial College, London and a Masters in Engineering Science from James Cook University. Mr Seville continues to serve Orocobre Limited as a Non-Executive Director.

Brad Sampson

Non-Executive Director

Mr Sampson is an internationally experienced business leader, director and mining professional with 30 years resources industry experience.

Profile

Brad Sampson

Non-Executive Director

Mr Sampson is an internationally experienced business leader, director and mining professional with 30 years resources industry experience. In addition to significant project development and operating experience, he is an experienced director with listed and non-listed company and joint venture governance experience across multiple international jurisdictions.

Brad has been the Managing Director of Discovery Metals Ltd and held senior management roles in resources and engineering companies including Newcrest Mining, Gold Fields, and Thiess. His experience covers the entire cycle of exploration, development, operations and closure, and includes equity and debt funding of resources projects, government relations and product marketing.

Alec Pismiris

Non-Executive Director and Company Secretary

Mr Pismiris has over 30 years of experience in the securities, finance and resources industry and is currently a director of five ASX listed companies

Profile

Alec Pismiris

Non-Executive Director and Company Secretary

Mr Pismiris has over 30 years of experience in the securities, finance and resources industry and is currently a director of five ASX listed companies. Since 1990 Mr Pismiris has served as a director and company secretary for various ASX listed companies as well as a number of unlisted public and private companies.

Mr Pismiris completed a Bachelor of Commerce degree at the University of Western Australia, is a member of the Australian Institute of Company Directors and an associate of The Governance Institute of Australia.

Mr Pismiris has participated numerous times in the processes by which boards have assessed the acquisition and financing of a diverse range of assets and has participated in and become familiar with the range of evaluation criteria used and the due diligence processes commonly adopted in the commercial assessment of corporate opportunities.

Management

Tom Lyons

General Manager
Feb 2014 - Present

Mr Lyons is a Geologist with 12 years of international experience, covering most facets of minerals exploration from generative work to project development.

Profile

Tom Lyons

General Manager

Feb 2014 - Present

Mr Lyons is a Geologist with 12 years of international experience, covering most facets of minerals exploration from generative work to project development. He has broad experience in a range of commodities including industrial minerals, precious and base metals and bulks.

Mr Lyons has been instrumental in the acquisition of the company’s project portfolio, and has been responsible for leading the Mackay Project through its exploration, feasibility and permitting phases. He is a Geologist with a Bachelor of Science degree from the University of Western Australia.

Rhys Bradley

Chief Commercial Officer
Nov 2017 - Present

Mr Bradley is a Chartered Accountant with 13 years of experience in the resources industry based in Perth and London.

Profile

Rhys Bradley

Chief Commercial Officer

Nov 2017 - Present

Mr Bradley is a Chartered Accountant with 13 years of experience in the resources industry based in Perth and London. Experienced in capital markets, financial modelling and marketing. Mr Bradley holds a Bachelor of Commerce from the University of Western Australia and a Graduate Diploma in Mineral Exploration Geoscience from Curtin University.

Michael Hartley

Project Manager & Principal Hydrogeologist

Mr Hartley is a Hydrogeologist with 19 years experience undertaking hydrogeological assessments of resource projects around the globe, and was recently the Chief Hydrogeologist and Senior Project Manager for the ICL Group’s Potash Project in the Danakil Depression, Ethiopia.

Profile

Michael Hartley

Project Manager & Principal Hydrogeologist

Mr Hartley is a qualified Hydrogeologist with 19 years of experience in undertaking hydrogeological assessments of resource projects around the globe and was recently the Chief Hydrogeologist and Senior Project Manager for the ICL Group’s Potash Project in the Danakil Depression, Ethiopia. Mr Hartley is a member of the International Association of Hydrogeologists (IAH), Australian Institute of Geoscientists (AIG) and the Australian Institute of mining and Metallurgy (AusIMM).

Graeme Ditri

Process Manager
Jul 2018 - Present

Mr Ditri is an experienced Technical Specialist in chemical processing, having held various technical roles over a 20 year period with local and international secondments.

Profile

Graeme Ditri

Process Manager

Jul 2018 - Present

Mr Ditri is an experienced Technical Specialist in chemical processing, having held various technical roles over a 20 year period with local and international secondments.

Mr Ditri holds a Bachelor of Applied Science degree from Murdoch University and has a broad base of practical experience on projects, from process development through to operations in mining, oil & gas and pharmaceutical industries.

Mr Ditri is a chartered member of the Royal Australian Chemical Institute (RACI) and an associate member of the Institute of Chemical Engineers (IChemE).

Deanne Savich

Financial Controller

Mrs Savich is a Chartered Accountant with over 12 years of experience in the resource industry based in Perth. She holds a Bachelor of Commerce from Curtin University.

Greg Hill

Project Development Manager

Greg is a qualified Mechanical Engineer with over 20 years experience in process plant operations, port facilities, mining and mineral processing projects in Australia and overseas. Greg is commercially minded and has particular experience in managing projects from concept, through feasibility study, detailed design and construction.

Peter Prendiville

Legal and Corporate Development Manager

Mr Prendiville is a corporate lawyer with over 10 years’ international experience in capital market transactions, M&A, joint ventures, strategic consultancy and corporate advisory matters, primarily in the resources and shipping sectors in Australia and the UK. Mr Prendiville holds a Bachelor of Laws and Bachelor of Commerce (Accounting Major) and studied corporate finance at the London School of Economics.

Projects

Khusib Springs copper project
Copper-Silver Project

Khusib Springs - Namibia

The Khusib Springs Mine was a high-grade mine located in the Otavi Mountain Land near Grootfontein in Northern Namibia. The deposit was discovered early in the 1990s through mapping and drilling and went into production in 1995. Historically there was only limited drilling to locate the ore zone below the stopes mined on Level 6 and a fault offset made targeting difficult. The Company believes the ore zone may continue at an orientation that was not tested by previous drilling. Golden Deeps will continue to compile historical data on the Khusib Springs mine with a plan to conduct drilling to confirm the existence of high-grade copper-silver ore on the margins of the old stopes and along strike.

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Gold Projects

Havilah and Tuckers Hill

Golden Deeps Limited has acquired 100% of Extract Minerals Pty Ltd (Extract Minerals) which holds the Tuckers Hill Project and the Havilah Project in the Lachlan Fold Belt, New South Wales.The East Lachlan Fold Belt is a high-profile mining and exploration region that contains several major gold, copper-gold and silver deposits. Golden Deeps has commenced a desk top study of the Havilah and Tuckers Hill Gold Projects and has identified several priority gold and base metal targets. Field checking, geological mapping and additional sampling is planned prior to drilling testing.

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Havilah and Tuckers Hill
Map of Abenab project
Vanadium-Lead-Zinc Project

Abenab

Abenab Vandium-Lead-Zinc Project covers 35km of the prospective Abenab mineralised trend and is located on existing Exploration Prospecting Licences held in the Otavi Mountain Land (OML), north east Namibia, an area roughly bounded by a triangle linking the towns of Tsumeb, Grootfontein and Otavi. The Abenab Project contains an Inferred Mineral Resource of 2.80Mt @ 0.66% V2O5 (vanadium pentoxide), 2.35% Pb (lead), 0.94% Zn (zinc) at a 0.2% V2O5 cut-off (announced January 2019).

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Cobalt Project

Professor and Waldman

The Professor Co-Ag Project consists of a contiguous landholding of 16 patent and leasehold claims for a total of 129.7 hectares and includes historical working known as the Professor Adit, 3 Oxford Shafts and the Cummins Pits. The Waldman Ag-Co project is located about 3km south of Cobalt and consists of a contiguous landholding of 11 Crown Claims, for a total of 188.8 hectares. The claim block includes the past producing Waldman Mine which can be easily gained through a dedicated road which runs off a main road running north-south at the east boundary of the Waldman Mine project. The cobalt projects include significant exploration upside and further growth opportunities due to minimal exploration techniques applied, structures are relatively shallow and amendable to geophysical surveys and low-cost, shallow drilling. Former mines provide a significant database for the Company on production assets and for exploration programs to target along strike.

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open pit mine

Milestones

Historical Milestones

Acquired 100% of Extract Minerals Pty Ltd
|Nov 2021
Nosib drilling intersects high grade copper
Mining study at abenab delivers positive results

Investment

Investors

Coniston Pty Ltd

Kalgoorlie Mine Management Pty Ltd

Pio Services Limited

Capital Raises

Capital Raising To Ramp Up Gold Exploration In Lachlan Fold Belt In NSW
|Dec 2020

The funds will enable the Company to ramp up exploration on the recently acquired, highly prospective and historically underexplored gold projects in the Lachlan Fold Belt in NSW, Australia.

Raised $3.3m
Offer Price $0.014
Notes 1:1 options exercisable at $0.015 at any time up to 30 June 2021
Capital Raising To Fast Track Gold Exploration In Lachlan Fold Belt In NSW
|Aug 2021

The funds will enable the Company to accelerate exploration on the recently acquired, highly prospective and historically under-explored gold projects in the Lachlan Fold Belt in NSW, Australia.

Raised $2.3m
Offer Price $0.0125
Notes 1:1 options exercisable at $0.015 at any time up to 30 June 2021

Documents

Quarterly Activities Report for the period ended 30 September 2021

01 Nov 2021 | Report
PDF (2263.3 KB)

Annual Report

29 Oct 2021 | Report
PDF (5163.2 KB)

Company Presentation

17 Jun 2021 | Presentation
PDF (1786.2 KB)

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