MOD in London

The MOD team are in London just now, building up to the compliance listing on the LSE towards the end of November.

Just before the 'float' MOD will attend a 121 Mining Investment Conference in London on 20/21st November.

Here's their intro for the conference: https://www.weare121.com/121mininginvestment-london/client/mod-resources/

MOD Resources

Website: www.modresources.com.au
Primary ticker: ASX:MOD
Stage of development: Exploration
Primary minerals: Copper, Silver
Project to promote: Botswana Copper Project – T3

Live financials

MOD Resources Limited is an Australian listed company exploring and developing an ~11,518km2 licence holding in the central Kalahari Copper Belt. MOD will own 100% of the T3 Copper Project in Q4 2018 following completion of a transaction with its JV partner. MOD announced an expanded 60Mt Resource in July 2018 which contains 590kt copper and 27Mozsilver. The Company is planning to complete a feasibility study for the T3 Project in March 2019 which will include  an estimated 12 year open pit mine and 3Mtpa processing plant.

Management Profile

Julian Hanna – Managing Director

Julian Hanna is a geologist with over 35 years’ experience in a wide range of activities including exploration, development, mining and corporate growth.

 

Jacques Janse Van Rensburg – Business Development Manager

Jacques Janse Van Rensburg (Business Development Manager) extensive experience in planning and coordinating large scale resources projects in Africa in a career spanning more than 25 years.

What is your rationale for attending 121 Mining Investment?

To update the investment market about the progress on MOD’s copper project in Botswana including the full feasibility study and the regional exploration program in the Kalahari Copper belt. In addition to introduce MOD to potentially new investors and financiers.

What recent news would you like to highlight to investors attending?

– Transaction with Metal Tiger Plc to acquire 100% of the T3 project and rights to acquire 100% of all of other JV licences within a 3 year period.
– Progress on the T3 Feasibility Study
_ MOD’s London Listing
– Progress on the regional drilling program including the T3 Dome Complex and the T20 Dome

What are your key goals for the next 3, 6 and 12 months?

3 Months:

1. Progress the T3 Feasibility study including the Environmental and Social Impact Assessment.
2. Progress the regional drilling program for the T3 Expansion Project and T20 Dome
3. Continue to build on strong community relations

6 Months:

1. Complete the Feasibility Study and apply for a mining licence for the T3 Project
2. Commence and complete resource drilling and scoping studies where regional drilling has been successful.
3. Continue to build on strong community relations.

12 Months:

1. Take a decision to mine on the T3 Project, commence construction and obtain debt and equity funding
2. Commence and scoping studies where regional drilling has been successful
3. Continue to build on strong community relations

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

1. Commodity price and currency fluctuations caused by macro economic factors-Focused on developing a low cost copper project with stringent cost controls and appropriate hedging policies.

2. Power – The Botswana Power Corporation has indicated that grid power will be available in the region from 2020. MOD has made provision in its capital and operating estimates for diesel power generation until 2022

In a sentence, what do you think makes your company such a compelling investment?

Standout copper project in Botswana with substantial regional exploration potential (licence holding approx 11,518 square km’s in Botswana a country with low sovereign risk and good infrastructure (roads and water).

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