Along with gaining more European exposure..an interview with...

Along with gaining more European exposure..an interview with Moran
source : https://www.translatetheweb.com/?from=de&to=en&ref=SERP&refd=www.bing.com&dl=en&rr=UC&a=https%3a%2f%2fwww.wallstreet-online.de%2fnachricht%2f12203456-metalstech-neuste-gold-technologie-neubewertung-wissenswerte-aktuellen-interview-ceo-russell-moran

"Mr. Moran, we are very pleased that you, as CEO of MetalsTech (WKN:A2DJM2, have taken the time for this interview forour interested readers.

Stock explorers:Your company is currently experiencing a brilliant rise, what impact does the current bull market for gold have on MetalsTech?

Russell Moran (CEO):

The price of gold has risen by 35% in the last five years, and there are industry experts who say it will continue to rise. In September last year, Citigroup,which manages nearly $2 trillion in assets, said that "we now expect spot gold prices to trade more heavily for longer, potentially breaking $2,000/oz, and reaching new cyclical highs sometime in the next year or two." From the market, you can hear something similar from billionaires like Eric Sprott, who invest deeply in the gold sector.

It's also important to remember that these market conditions are attracting merger and acquisition activity,as evidenced by the attempted "merger of the giants" into Barrick Gold Corp and Newmont Mining last year. This is similar to a "perfect storm" for a company like MetalsTech, which needs a strong gold price to attract the attention of investors.

Stock explorer:How did the market react to the acquisition of the Sturec gold mine?

Russell Moran CEO):

The reaction was very positive. We announced our plans to acquire the Sturec Gold Mine on November 20, 2019. In that one day, around €10.2 million of MetalsTech shares were traded, so there is obviously a lot of interest in what we do. Since the announcement of the acquisition, we have achieved a 400% increase in our share price from € 0.0085 to currently over € 0.05. We have a very stable and supportive share register with shareholders both from Australia and more recently from Europe, where the project has historically had a strong following.

Stock explorer:What makes Sturec so special?

Russell Moran (CEO):

Sturec is special because we believe that we can build an environmentally sustainable and profitable mine in Sturec, at a fraction of the cost and time compared to our colleagues.Previous owners of the mine have already completed the difficult, expensive and high-risk work required to discover the deposit and model its geology to a levelwhere it can support a feasibility study. There is now even a small mining suburb. This work has been independently studied and reviewed by some of the world's most respected technical consultants, including SRK, Golders and Snowdens. More than 30 million euros have been spent on modern exploration and feasibility studies at Sturec,so MetalsTech begins its development journey with a solid foundation of geological knowledge.

The robustness of the deposit has been confirmed by the previous owners, so we have every confidence that there is an operationally competitive and scalable opportunity within the mining district. The Sturec deposit is significant with an open JORC (2004) resource of 25.1Mt at 1.64 g/t AuEq for 1.32 million ounces of AuEq estimated by Snowden Mining Industry Consultants and an open JORC (2004) Proven and Probable Ore Reserve of 14Mt at 1.90 g/t AuEq for 873 thousand ounces auEq.

The biggest challenge for the previous owner to move Sturec forward was that in 2014 there was a parliamentary ban on the use of cyanide in gold recovery in Slovakia. Cyanide is the traditional elixir in the processing of gold-bearing ore, but it is very toxic.

This ultimately allowed us to secure a very good deal when we acquired Sturec, but we are confident that this problem can be easily solved with the implementation of modern processing technology. To that end, last week we entered into a technology agreement with Clean Earth Technologies, which owns a patented thiosulfate-based gold recovery process that we believe will allow us to develop Sturec without cyanide.

The thiosulfate-based processing technology was originally developed by the Australian government over two decades and marketed in a venture with Barrick Gold Corporation at its Goldstrike mine in Nevada, which today produces around 400,000 ounces of gold per year with a 5Mtpa thiosulfate cycle.

Sturec is an epithermal-style gold deposit with significant production history, with strong potential to deliver a million ounce deposit with continued drilling success.Previous owners did not test resource expansion along striking or down-falling dips, although there was evidence of historic gold mining in these zones, particularly along the strike.

Slovakia is also a secure jurisdiction that values business and economic development, and with further refinement, the Sturec mine could be world-class. We believe it is the type of project that could, over time, attract acquisition and/or investment interests from a Level 1 gold producer.

Stock explorers:Why should investors continue to invest in MetalsTech?

Russell Moran (CEO):

MetalsTech has a tiny market cap in relative terms, as we have only recently acquired Sturec, but this is an attraction for new investors as there is potentially tremendous value on the table. Sturec has already produced more than 1.5 million ounces of gold and 6.7 million ounces of silver for its former owners, which includes the Slovak government, which is worth more than 2 billion euros at today's prices... It is very rare for small companies like MetalsTech to be able to secure such a large-scale project and the timing could not be better.

MetalsTech is at the beginning of its journey. The company is led by a commercially aggressive management with a successful track record aligned with the interests of shareholders. Since Sturec is an advanced project, there are clear value catalysts over the next six to twelve months, and management intends to act quickly to achieve them. Our immediate plans include infill, down dip and along-strike drilling to better model the metallurgy of the deposit and test how large the deposit could grow.This work will then feed into updated resource and reserve modelling, an optimised pre-feasibility study and ultimately the permit for a commercial mine at Sturec.

Discussions are underway with strategic parties capable of providing non-diluted development capital, and the project is already on the radar of some of the industry's key players.

Since very few shares (around 117 million) and significant value catalysts are also on the horizon in the short term, MetalsTech shareholders have a significant influence on development success.

Stock explorers:What are your last words to interested investors?

Russell Moran (CEO):

Watch us very closely. We may be a small company, but we have big plans. It's a sexy time for gold.

Stock explorers:We can only agree with Russell Mortan's closing words. At this company, everything really fits together. They have the perfect project with incredible potential, a secure location in Europe, a dedicated management that understands its craft and, at the same time, a gold price that could not be better. It was only on Monday that it was able to reach a new seven-year high.