Sydney Mining Club - Leading Edge Series 2025

At 5.15pm on the 1st of May at The Establishment, the Sydney Mining Club will host an exceptional line up with the Fenix Resources Chairman, John Welborn; the Executive Director of GTI Energy, Bruce Lane; the Managing Director of Kaiser Reef, Jonathan Downes; and the Managing Director of Legacy Minerals, Christopher Byrne.

Fenix Resources (ASX: FEX)
John Welborn
Chairman

Rocking a $200m plus market cap in Fenix accomplished company builder John Welborn at the Helm, Fenix Resources has just initiated an off-market takeover bid for exploration company CZR Resources (ASX: CZR), aiming to create a substantial iron ore mining and logistics business operating in Western Australia's key Midwest and Pilbara regions.

The acquisition includes CZR's 85% stake in the Robe Mesa Iron Ore project in the Pilbara region, a significant asset adjacent to Rio Tinto's operations. Fenix plans to leverage its mining, logistics, and port capabilities to expedite the development of Robe Mesa, with an initial production target of 3.5 million tonnes per annum, potentially increasing to 5 million tonnes.

Robe Mesa has a Mineral Resource of 89.6 million tonnes (Mt) at an average iron (Fe) grade of 54.4%, which increases to 61% Fe when calcined.

RAAS Research:
Download Fenix Resources (ASX: FEX) SMC Leading Edge RaaS Report

GTI Energy (ASX: GTR)
Bruce Lane
Executive Director

And with a US twist, GTI Energy is developing a uranium asset in the renowned Powder River Basin in Wyoming, USA. The company has a JORC resource base of of 8.57 million pounds (Mlbs) of uranium (U₃O₈) at an average grade of 630 parts per million (ppm).

GTI has identified an additional Exploration Target ranging from 5.59 to 7.10 million tonnes at grades between 500 to 700 ppm U₃O₈, suggesting substantial potential for resource expansion. The company has just completed hydrology drilling to support a scoping study at the Lo Herma project that is soon to be released.

RAAS Research:
Download GTI Energy (ASX: GTR) SMC Leading Edge RaaS Report

Kaiser Reef (ASX: KAU)
Jonathan Downes
Managing Director

In our South, Kaiser Reef has signed a definitive agreement to acquire the historic Henty Gold Mine and associated Tasmanian exploration tenements from Catalyst Metals Limited for a total consideration of approximately A$31.6 million. This acquisition positions Kaiser Reef as a multi-asset gold producer, with an immediate annual production exceeding 30,000 ounces and a pathway to 50,000 ounces per annum.

Kaiser Reef is also developing its A1 Gold Mine, at Woods Point in Victoria, Australia, about 100 kilometers northeast of Melbourne. There the company has accessed the new Nova Zone, which contains historically high-grade ore.

RAAS Research:
Download Kaiser Reef (ASX: KAU) SMC Leading Edge RaaS Report

Legacy Minerals (ASX: LGM)

Christopher Byrne
Managing Director

Legacy Minerals has just released a scoping study for its Drake Gold Project near Tenterfield, New South Wales. The project is expected to produce an average of 32,200oz of gold annually over a 5.5-year mine life, with a payback period of 14 months based on a gold price of A$4,250/oz.

Drake has an open-pit resource of approximately 0.8 million ounces of gold-equivalent and 35 million ounces of silver-equivalent. This estimate also includes significant base metal contributions, such as 147,000 tonnes of zinc, 33,000 tonnes of lead, and 20,000 tonnes of copper. With the markets jumping around, people are turning to gold, this evident in Legacy’s warming stocks.

RAAS Research:
Download Legacy Minerals (ASX: LGM) SMC Leading Edge RaaS Report