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Marvel Gold Ltd (MVL)

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A Deep Dive profile provides ASX listed companies with an opportunity to tell their story in plain English.

Company Deep Dive

Marvel Gold is a Mali-focused gold explorer with advanced gold exploration projects and extensive landholdings in Southern and West Mali.

Marvels most advanced project, Tabakorole, is comprised of 10 tenement areas covering a total of 830 km2.

The JORC compliant Mineral Resource estimated in October 2021 revealed an exceptional combined Mineral Resource of 26.5 million tonnes at 1.2 g/t for 1.025 million ounces.

Marvel Gold has an experienced board and management team with specific skills, and extensive experience, in African based exploration, project development and mining.

Highlights

Exposure to an emerging West African gold story

JORC Mineral Resource of 1.025Moz grading 1.2 g/t gold

Primary Project has excellent metallurgy, shallow, thick deposit

830km2 landholding, drill-ready targets for new discoveries

Exposure to world-class graphite spin-off, Evolution Energy Minerals (ASX: EV1)

Showcase your ASX company to 500k+ investors

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People

Board of Directors

Stephen Dennis

Non-Executive Chairman
Mar 2016 - Present

Stephen Dennis has been actively involved in the mining industry for over 30 years. He has held senior management positions at MIM Holdings Limited, Minara Resources Limited and Brambles Australia Limited.

Mr Dennis was previously the chief executive officer and managing director of CBH Resources Limited, the Australian subsidiary of Toho Zinc Co., Ltd of Japan. Mr Dennis is also currently the Chairman (Non-Executive) of Marvel Gold, Heron Resources Limited, Rox Resources Limited and EHR Resources Limited.

Chris Van Wijk

Managing Director
Jun 2020 - Present

Mr. Van Wijk is an experienced geologist, who specialises in project evaluation and project generation. Chris brings to his role in Marvel a wealth of relevant experience including base metal and gold exploration in Africa, Europe, the Americas and Australia as well as joint venture management and project evaluation for major mining companies including BHP, IAMGOLD, First Quantum Minerals and Fortescue Metals Group.

Profile

Chris Van Wijk

Managing Director

Jun 2020 - Present

Mr. Van Wijk is an experienced geologist, who specialises in project evaluation and project generation. Chris brings to his role in Marvel a wealth of relevant experience including base metal and gold exploration in Africa, Europe, the Americas and Australia as well as joint venture management and project evaluation for major mining companies including BHP, IAMGOLD, First Quantum Minerals and Fortescue Metals Group.

Chris has managed various successful exploration projects including the Scoping Study at Mont Nimba in Guinea for BHP Billiton and the resource drilling at First Quantum’s Sentinel Project in Zambia.

Chris has a Master of Science in Ore Deposit Geology from the University of Western Australia and is a member of the AUSIMM.

Andrew Pardey

Non-Executive Director
Jun 2020 - Present

Mr. Pardey has over 30 years in the mining industry with experience in exploration, project development, construction and operations. Between February 2015 and December 2019, he was Chief Executive Officer of Centamin Plc which holds the Tier 1 Sukari Gold Mine.

Profile

Andrew Pardey

Non-Executive Director

Jun 2020 - Present

Mr. Pardey has over 30 years in the mining industry with experience in exploration, project development, construction and operations. Between February 2015 and December 2019, he was Chief Executive Officer of Centamin Plc which holds the Tier 1 Sukari Gold Mine.

Andrew also served as General Manager Operations at Sukari before his previous appointment as Chief Operating Officer in May 2012. He was a major driving force in bringing Sukari into production, having joined during the mine’s construction phase, and was instrumental in the successful transition of the operation through construction and into production.

Andrew holds a BSc in Geology and has also previously held senior positions in Africa, Australia and other parts of the world including Guinor Gold Corporation and Ashanti Goldfields, now AngloGold Ashanti.

Phil Hoskins

Non-Executive Director
Jan 2016 - Present

Mr Hoskins commenced his career at a large international accounting firm and has since gained corporate experience with both Australian and international listed companies. He is a senior executive with 16 years of broad finance and commercial experience across resources exploration, project development and production as well as large-scale property developments requiring debt and equity financing. Since 2014, he was the senior executive responsible for the development of the Chilalo Graphite Project, now owned by Evolution Energy Minerals.

Phil holds a Bachelor of Commerce, a Graduate Diploma of Applied Finance and is a Chartered Accountant.

Profile

Phil Hoskins

Non-Executive Director

Jan 2016 - Present

Mr Hoskins commenced his career at a large international accounting firm and has since gained corporate experience with both Australian and international listed companies. He is a senior executive with 14 years of broad finance and commercial experience across resources exploration, project development and production as well as large-scale property developments requiring debt and equity financing. He was appointed as IMX’s Managing Director in October 2015 after being Chief Executive Officer since September 2014, before which he spent almost three years as IMX’s Chief Financial Officer.

Chris Knee

Chief Financial Officer
Jan 2016 - Present

Chris is a qualified accountant and has over 15 years’ broad experience in a multi-national chartered accounting firm and a number of senior finance roles across the resources industry with projects in Africa, Canada and Central Asia. Chris has a range of experience across a variety of disciplines including joint ventures, international tax structuring, accounting and compliance, commercial contracts, project divestments and acquisitions. Chris is currently a Director of Superior Lake Resources Limited and Chief Financial Officer of Marvel Gold Limited, Lotus Resources Limited and Tanga Resources Limited.

Stuart Mckenzie

Commercial Manager and Company Secretary
Jan 2021 - Present

Stuart has over 25 years of experience in senior commercial roles. He was previously Company Secretary with Anvil Mining Limited for six years, prior to which he held senior positions with Ok Tedi Mining Limited, Ernst and Young and HSBC.

Projects

Project

Tabakorole Gold Project

The Tabakorole Gold Project, located in southern Mali approximately 230km south of the capital city of Bamako, is comprised of 10 tenement areas covering a total area of 830 km2. The Company announced a JORC-compliant Mineral Resource in October 2021 of 26.5 million tonnes at 1.2 g/t for 1.025 million ounces. Tabakorole has positive development attributes including excellent metallurgy and is a shallow, thick deposit. Marvel is focused on near-deposit exploration to grow the resource.

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Map of Tabakorole Gold Project
Map of Yanfolila Gold Project
Project

Yanfolila Gold Project

Attractively located adjacent to existing infrastructure, including sealed roads, hydroelectric power, water sources and telecommunications, the 200km2 Yanfolila Project is located in southern Mali, 45km north of Endeavour Mining’s Kalana gold project (2.0Moz) and 35km east of Hummingbird Resources’ Yanfolila gold mine (1.8Moz).

First-pass drilling of the Solona Main prospect at Yanfolila in 2012 returned significant intersections including 26.5m at 3.59g/t gold and 15.6m at 2.01g/t gold within an extensive gold-in-soil anomaly that extends for over 2km, where there has been limited drilling.

 

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Project

Kolondieba Gold Project

Located 70km west north-west of Resolute Mining’s Syama gold mine and 50km south of Barrick Gold’s Morila gold mine, the 200km2 Kolondieba Project is prospective for gold mineralisation in a similar structural setting to the Morila mine and the Tabakorole deposit. 

The project is located adjacent to the Bannifin Shear Zone, one of the major controlling structures in southern Mali. The project displays extensive soil anomalism over a strike of 15 kilometres as displayed by a number of artisanal workings which supports the project’s exploration potential.

Learn More
Map of Kolondieba Gold Project

Key Milestones

Historical Milestones

Acquisition of Gold Project with Altus JV
Oklo JV delivers 544% increase in landholding
Tabakorole tenement expanded to 830km2
Tabakorole project resource estimated at 1.025Moz
Water installations completed for 2 nearest villages

Future Milestones

Spinout of graphite asset into Evolution Energy Minerals (EV1)
Continued drill results from expansive auger, aircore and RC drilling at Tabakorole
Continued target generation from regional datasets at Tabakorole
Exploration results at Kolondieba and Yanfolila

Investment

Investors

Capital Raises

Marvel Welcomes New Cornerstone Investor
|Aug 2021

Proceeds from the Placement will be used to meet costs associated with Marvel’s ongoing gold exploration programs in Mali, the proposed spin-out of the Chilalo Graphite Project and general working capital.

Raised $4.2m
Offer Price $0.06
Notes
$5.7m Capital Raising
|Nov 2020

Proceeds from the Placement will be used to meet costs associated with Marvel’s 2020-21 exploration program. The Company is now fully funded to accelerate its exploration plans in the upcoming Mali field season running from November 2020 to July 2021.

Raised $5.7m
Offer Price $0.06
Notes

Documents

March Quarterly Activities Report

29 Apr 2022 | Report
PDF (1545.2 KB)

December Quarterly Activities Report

31 Jan 2022 | Report
PDF (1225.8 KB)

September Quarterly Activities Report

28 Oct 2021 | Quarterly Report
PDF (1291.5 KB)

Corporate Presentation

06 Oct 2021 | Presentation
PDF (6790.1 KB)

Annual Report

30 Sep 2021 | Annual Report
PDF (1906.4 KB)

Bridge Street Capital – Research Report

01 Oct 2021 | Report
PDF (414.3 KB)

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