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. |
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 |
(20min delay)