MODs in town16 May 2018 10:29
Tomorrow and Friday MOD resources are at 121 in London
121 Mining Investment London Spring Edition
17-18 May 2018 � ETC Venues County Hall
Mod Resources MOD Resources
Website: www.modresources.com.au
Primary ticker: ASX:MOD
Stage of development: Exploration
Primary minerals: Copper, Silver
MOD Resources Limited is an Australian listed company exploring and developing an ~11,518km2 licence holding in the central Kalahari Copper Belt. MOD�s extensive interests include a 70% joint venture in the substantial T3 deposit (Resources of 400,000t copper and 15Moz silver) where following completion of a pre-feasibility study in January 2018 a full feasibility study has commenced for a start-up 10-12 year open pit mine.
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?
Completion of the Pre-Feasibility Study for the T3 Copper Project.
Capital raising of A$18M(before cost)
Infill drilling builds T3 Project Expansion Potential
MOD commits to major regional exploration program in 2018
What are your key goals for the next 3, 6 and 12 months?
3 Months:
Commence drilling in the very prospective T3 Dome. Complete the updated resource for the T3 Copper project. Continue drilling on the following regional targets: T1, T3 Dome and T-Rex.
Build local employment, community and government relationships.
6 Months:
Continue drilling in the T3 Dome and other regional targets.
Commence drilling on the T20 Dome and other regional targets.
Commence scoping studies where drilling at regional targets were successful. Build local employment, community and government relationships
12 Months:
Complee the full feasibility study for the T3 Copper Project and take a decision to mine. Obtain equity and debt financing to develop the T3 Copper Project. Contunue exploration on all the regional prospecting licences. Commence an complete scoping sutdies where drilling has been successful.
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 Powe 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?
Continued
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