R3D Resources Ltd (R3D)
Key Information
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Company Deep Dive
R3D Resources is fully funded to kick off exploration and development activities, at its flagship project, the Tartana Copper Gold Project 40 km north of Chillagoe.
Tartana has a large porphyry copper exploration target which has been defined by an IP geophysical survey and supported by sporadic historical drilling intersecting copper mineralisation.
Independent Geological Group SRK has an estimated open pit exploration target of 1.2 Mt at 0.6% Cu for 64,000 tonnes to 47.0 million tonnes at 0.8% Cu for 376,000 tonnes of contained copper on the Tartana mining leases.
Highlights
The IPO was oversubscribed, with huge interest from investors.
The copper price is running hot, up 21% since the start of the year, and one of the most crucial commodities as the world increases the push to decarbonise.
Exposure to high-quality copper and gold assets that have been sitting in private hands for the last 30 years.
Tartana already has existing plant, heap leach pads and accommodation facilities from its historical Copper Sulphate operation.
This puts R3D in a unique position, as it can quickly restart remnant mining to generate short term cashflow, which will be used to supplement exploration activities.
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People
Board of Directors
Dr Stephen Bartrop
Steve’s professional experience spans more than 30 years covering periods in both the mining industry and financial sector.
Dr Stephen Bartrop
Executive Chairman
Steve’s professional experience spans more than 30 years covering periods in both the mining industry and financial sector. With a geology background, Steve has worked in exploration, feasibility and evaluation studies and mining in a range of commodities and in different parts of the world. In the financial sector, Steve has been involved in research, corporate transactions and IPOs spanning a period of more than 20 years, including senior roles at JPMorgan, Bankers Trust and Macquarie Equities. Steve is also Chairman of Stibium Mining Pty Ltd, and is a director of South West Pacific Bauxite (HK) Ltd, a company developing a bauxite project in the Solomon Islands. He is also Chairman of Breakaway Research Pty Limited.
Bruce Hills
Bruce has 35 years’ experience in the financial sector including 20 years in the banking industry.
Bruce Hills
EXECUTIVE DIRECTOR AND JOINT COMPANY SECRETARY
Bruce is an accountant and is currently an Executive Director of Breakaway Investment Group Pty Limited which operates the Breakaway Private Equity Emerging Resources Fund. Bruce is a Director of a number of unlisted companies in the mining and financial services sectors including The Risk Board and Stibium Australia. Bruce has 35 years’ experience in the financial sector including 20 years in the banking industry primarily in the areas of strategy, finance and risk.
Robert Waring
Robert has over 40 years experience in financial accounting and company secretarial roles, principally in the resources industry.
Robert Waring
NON-EXECUTIVE DIRECTOR
Robert has over 40 years experience in financial accounting and company secretarial roles, principally in the resources industry. He is involved as Company Secretary of a number of public companies listed on the Australian Securities Exchange. Robert has specialist skills in the preparation of company prospectuses, due diligence work and financial assessment of projects and companies. He has a keen interest in the equity markets. Robert is a founding Executive Director of Oakhill Hamilton Pty Ltd.
Michael Thirnbeck
Mr Thirnbeck is an experienced geologist with over 25 years in managing numerous mineral development projects in Papua New Guinea, Indonesia and Australia.
Richard Ash
Richard Ash has more than 30 years of experience in funds management, finance and principal investment in Australia, Asia and the UK.
Richard Ash
INDEPENDENT NON-EXECUTIVE CHAIRMAN
Richard Ash has more than 30 years of experience in funds management, finance and principal investment in Australia, Asia and the UK, Prior to forming AAP Capital to advise Family offices on investments, Mr. Ash was a Managing Director, Head of Asset Finance for Developed Aisa and a member of the Australian executive team for Nomura Australia. Richard is Chairman of Lakes Blue Energy. He has also worked at Westpac, Macquarie Bank and KPMG. Richard has keen interest in decarbonisation and the associated structural change.
Senior Management
Wayne (Tom) Saunders
Tom has 40 years’ experience in the mining and exploration industries in Australia and Asia Pacific rising to Chief Geologist of a public company before becoming a consultant.
Wayne (Tom) Saunders
TECHNICAL EXPLORATION MANAGER (TO BE APPOINTED)
Tom has 40 years’ experience in the mining and exploration industries in Australia and Asia Pacific rising to Chief Geologist of a public company before becoming a consultant. He also spent 12 years in DNRME Mining Tenure Unit rising to Director. Tom has a number of significant discoveries under his belt, as well as a reputation for progressing projects through from exploration to feasibility and then development and mining phases. Tom has put the discovery drill holes into multiple deposits in Queensland including the King Vol zinc deposit, Beaverbrook, Monte Video and the Tartana Heap Leach copper oxide. Tom is a member of the AusIMM and is a Competent Person in terms of the JORC Code 2012 in relation to multiple commodities from Exploration Targets through to Measured Resources.
Geoff Reed
Geoff’s experience spans 20 years with a significant focus on GIS and 3D technical work within the Exploration and Mining Industries.
Geoff Reed
CONSULTANT RESOURCE GEOLOGIST
Geoff’s experience spans 20 years with a significant focus on GIS and 3D technical work within the Exploration and Mining Industries. Geoff has experience in underground and open cut metalliferous mining and various metalliferous exploration and resource projects. Geoff has undertaken geological and resource management roles Cobar NSW, Mt Isa QLD, Broken Hill NSW, Townsville QLD, and Sydney.
Key Projects
Tartana Copper Sulphide Project, Queensland
Its flagship project is the Tartana Copper Gold Project 40 km north of Chillagoe. It has a large porphyry copper exploration target which has been defined by an IP geophysical survey and has been supported by sporadic historical drilling intersecting copper mineralisation.
Independent consultant SRK has estimated a JORC 2012 complaint exploration target for the Copper Sulphide Project (including the Valentino prospect) ranging between:
11.2Mt @ 0.60% Cu for 64,000 tonnes of contained copper; and
47.0Mt @ 0.80% Cu for 376,000 tonnes of contained copper.
Tartana Copper Sulphate Plant, Queensland
The Tartana already has existing plant, heap leach pads and accommodation facilities from its historical copper sulphate operations. The previous owners produced, high quality copper sulphate for more than a decade, with the end customers being to the mining operations and the stock feed industry.
R3D, has a strategy of restarting operations quickly, to supplement cashflows while kicking off exploration activities at its high priority targets.
The Queen Grade Zinc Project, Queensland
The Queen Grade Zinc Project covers a separate zone of zinc-rich skarn mineralization which outcrops as gossanous material on a chert dominated ridge north of the Tartana open pit. Although, not to JORC 2012 standards, the company reports impressive historical results returning:
33m @ 12.5% Zinc
60m @ 3.7% Zinc (including 14 m @ 7.7% Zinc)
The company is planning exploration activities to test these targets.
Zeehan Zinc Project, Tasmania
The Zeehan Zinc project is an old smelter site located in Western Tasmania, that contains low grade furnace slag stockpiles. The company has completed numerous shipments to South Korea, and are currently evaluating a number of opportunities to realise value from the asset.
Key Milestones
Past Achievements
Upcoming Milestones
Investors
Capital Raises
R3D successfully completes the public offering, enabling it to progress exploration activities across its portfolio of high quality copper, gold and zinc assets.
