Here is a basic comparison table of the two companies Aston minerals ASO.asx and Western mining group WMG.asx
This is my own research and not financial advise, it is important to understand peers and invest with informed decisions.
Cheers, enjoy your Easter break
Aston Minerals ASO.asx
Western mining group WMG.asx
Location
Country
Ontario, Canada
Country
Western Australia, Australia
Jurisdiction
Tier 1
Jurisdiction
Tier 1
Workforce
60 km North (Timmins Ontario)
Workforce
190km Southwest (Kalgoorlie)
Downstream
Smelter
294km Sudbury
Capacity 2.75 million tonnes of ore per year
Downstream
Smelter
Nickel West
Capacity 750,000 tonnes of ore per year
Management
Exceptional management with combined experience of completion of over 10 mining projects:
Exploration experience - Yes
Feasibility experience - Yes
Financing experience - Yes
Project management - Yes
Construction - Yes
Commissioning - Yes
Operations- Yes
Current Executive Chairman - Tolga Kumova
Currently largest shareholder 11% of company.
Aston current management link - https://astonminerals.com/about/directors/
Mr Peter Breese to be appointed as Executive Chairman 01 May 2023
35 years of operational and project management experience.
·Chief operating officer of Nickel producer, LionOre through takeover by Norilsk Nickel
·Chief Executive of Norilsk Nickel following its acquisition of LionOre
·CEO of ASX Listed Mantra Resources Ltd, acquired in 2011 by ARMZ for A$1.16Bn
Aston appointed management link - https://astonminerals.com/wp-content/uploads/AstonAppointsExpertNickelMineBuildingTeam04Apr23.pdf.
Exploration experience and capital raising but no current experience progressing project to production.
Exploration experience - Yes
Feasibility experience - No
Financing experience - Yes
Project management - No
Construction - No
Commissioning - No
Operations- No
Managing director - Dr Caedmon Marriott
Currently holding 3m shares (6% of company)
Caedmon has over 18 years experience in mineral exploration and equity capital markets. Caedmon was previously Managing Director of Western Australian gold and nickel explorer Aldoro Resources (ASX:ARN).
Link - https://www.westernmines.com.au/corporate/board-of-directors/
Power
Existing power infrastructure - Yes
Hydro power running through tenement.
Ranging from 7-15 cents per kWh
Existing power infrastructure - No
If possible but not likely able to access grid from Kalgoorlie - 29c per kWh plus capital to install infrastructure.
Otherwise, options such as diesel generator, solar/battery or gas.
Resource
MRE - Yes
1,044 Mt at 0.30% Ni Nickel Sulphide
MRE - Feb 23
MRE - No
Mining
Near surface open pit starting at 10m to depths of 847m, width ranges between 100-650m, and strike length of 4,443m
Table 2 Reasonable Potential for Economic Extraction (RPEE)Not assessed
Recovery
Four acid (4A) versus aqua regia (AR) assay
Summary of four acid (4A) versus aqua regia (AR) assay results in table 1
Four acid (4A) versus aqua regia (AR) assay
Summary of four acid (4A) versus aqua regia (AR) assay results in table 1
Recovery circuit
Aston ran samples through XPS Laboratories, Subdury and on first pass rougher flotation concentrate still achieved exceptional recovery of 71.8% Ni.
This will improve with ongoing optimisation and confirms saleable product.
Recovery circuit
Not assessed
Other assets
MRE - Yes
Gold - 1.5Moz
Various exploration projects globally
MRE - No
Various exploration sites across WA.
Aston published an assumptions table within MRE feb 2023 This table allows you to calculate project economics for Astons project.
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Mkt cap ! $14.24M |
Open | High | Low | Value | Volume |
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16 | 5874886 | 0.009 |
5 | 437230 | 0.008 |
5 | 385494 | 0.007 |
5 | 2000000 | 0.006 |
Price($) | Vol. | No. |
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0.012 | 1023422 | 5 |
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