Chesser Resources Limited (ASX:CHZ)

Chesser Resources Limited (ASX:CHZ)


Share Price
$ 0.04
Change
0.001 (2.63 %)
Market Cap
$9.70 m
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Chesser Resources Limited

Chesser Resources Limited (ASX:CHZ) is listed on the Australian Securities Exchange. The company is exploring eastern Senegal’s emerging gold corridor and has a strategic land package of over 400 square kilometres.

EPIC: CHZ
Market: ASX:CHZ
52-week High/Low: A$0.07 / A$0.04
Sector: Mining
Market Cap: $9.70 m
Website: www.chesserresources.com.au
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Big Picture – A Deep Dive Examination of Chesser Resources Limited


Chesser Resources Limited Snapshot

Chesser Resources (ASX:CHZ) is an ASX listed company with a registered office in Brisbane (Australia) and a regional office in Dakar (West Africa).

Diamba Sud (100%)

Located in Eastern Senegal and covering 53.2km2 over the gold-bearing Kedougou-Kenieba Inlier, Diamba Sud is the company’s flagship project. Consisting of two blocks (DS1 & DS2) joined by a narrow strip, the Diamba Sud Project is located to the west of the regionally significant Senegal-Mali Shear Zone (“SMSZ”).

(click here for more information on this project)


Other Regional Projects (100%)

In addition to the Company’s flagship Diamba Sud project, Chesser holds 100% interests in two regional projects: Diamba Nord and Youboubou.

These regional licences are located within the Birimian Kédougou Kenieba Inlier in the south Eastern corner of Senegal.

DIAMBA NORD

The Diamba Nord project consists of two exploration tenements totalling approximately 242km2. The Project is located in south Eastern Senegal, lying within the Birimian aged West African Craton, host to multiple multi-million-ounce gold operations and projects (Figure 1).

The Project sits within the northern part of the Mako Series of greenstone volcanic and sediments. The Mako Series is bound to the west by the Hecynian Mauritanides Orogenic belt, and to the east by the sediment-dominated Diale-Dalema Series, bounded by the Main Transcurrent Zone (“MTZ”) shear.

The Mako Series hosts Senegal’s first commercial gold mining operation, Sabadola, as well as numerous other million-ounce operations (Mako) and projects (Massawa).

Exploration work to date has consisted of rock chip geochemistry, mapping and auger sampling. Numerous lower level gold geochemical anomalies have been detected, and pending completion of reconnaissance of the southern block, follow-up exploration activities are expected to be planned.

YOUBOUBOU

The Youboubou Project consists of a 113km2 exploration tenement located in south Eastern Senegal. The project lies within the Birimian aged West African Craton, host to multiple multi-million- ounce gold operations and projects (Figure 1). The project straddles the sediment-dominated Diale-Dalema Series and the felsic volcanics and sediment Faleme Series to the east.

Work to date has focussed on areas of the tenement where the prospective felsic volcanics and sediments occur on the Eastern flanks of the permit. The Company is continuously evaluating options to upgrade its gold exploration portfolio.

 


Last updated 15th March 2019

SIMON O’LOUGHLIN
Non-Executive Chairman

Mr O’Loughlin is the founding member of O’Loughlins Lawyers, an Adelaide based medium- sized, specialist commercial law firm. He also holds accounting qualifications and has had an extensive involvement with companies in the resources sector.He has also been involved in the listing and back-door listing of numerous companies on the ASX and National Stock Exchange.

Mr O’Loughlin is currently Non-Executive director of Bod Australia Limited and Petratherm Limited. Non-Executive Chairman of Oklo Resources.


MICHAEL BROWN
Managing Director & CEO

Mr Brown is a qualified geologist and former CEO with over 25 years’ experience, having worked in exploration and mining in Australia, Indonesia, Chile and Argentina. He has held senior executive roles with Kinross Gold, Austral Gold and Argentex Mining. He has previously worked for Homestake, RioTinto and Phelps Dodge.

Mr Brown was most recently a member of the executive team at Austral Gold (ASX: AGD), a junior producer. Prior to that, he was CEO of Argentex Mining, a TSX Listed precious metals explorer acquired by AGD.


SIMON TAYLOR
Non-Executive Director

Mr Taylor is a geologist with 25 years’ experience throughout Australia and overseas having held senior geologist and exploration manager positions for numerous ASX listed resource companies. He has gained considerable experience in exploration, project assessment and joint venture negotiations. His experience includes providing consulting services to resource companies and financial corporations as a resource analyst. Mr Taylor’s corporate experience includes project appraisal, advice on placements and fundraising.

He is a member of the Australian Institute of Geoscientists and is the Managing Director of Oklo Resources Limited and Non-Executive Director of ARC Exploration Limited and BOD Australia Limited.


STEPHEN KELLY
Executive Director, Company Secretary and Chief Financial Officer

Mr Kelly was appointed as the Company Secretary and Chief Financial Officer of the Company on 15 November 2012. A qualified Australian Chartered Accountant, Mr Kelly was previously Chief Financial Officer at Allied Gold Mining PLC. He has more than 25 years’ international experience in the areas of external and internal audit, risk management and compliance, treasury and corporate finance across a range of industry sectors including mining, infrastructure, property development and banking and finance.

Mr. Kelly holds a Bachelor of Business (Accountancy) from Queensland University of Technology.


GARETH O’DONOVAN
Exploration Manager

Mr O’Donovan is a qualified geologist and has a wealth of experience in West Africa including direct experience in Senegal and regionally on the West African Birimian terranes and is a French speaker.

He joined SRK Consulting in 1997 and subsequently founded SRK’s exploration consulting business in 2003. Mr O’Donovan was Managing Director of SRK Exploration until 2018 when he was appointed as Chairman. Prior to that he led exploration efforts for a number of junior explorers in West Africa following more than 10 years working in various regions in Africa (including Senegal) with Anglo American Gold.

 


Last updated 15th March 2019

Contact Us

Suite 3, Level 7
100 Edward Street
Brisbane QLD 4000

Phone: +617 3708 1014

DIRECTORS

Mr Simon O’Loughlin – Non-Executive Chairman
Mr Simon Taylor – Non-Executive Director
Mr Stephen Kelly – Executive Director
Mr Mike Brown – Managing Director

COMPANY SECRETARY

Mr Stephen Kelly


REGISTERED OFFICE AND PRINCIPAL PLACE OF BUSINESS

Suite 3, Level 7
100 Edward Street
Brisbane QLD 4000


POSTAL ADDRESS

PO Box 5807
Brisbane QLD 4000


SHARE REGISTRY

Computershare Investor Services Pty Ltd
Level 1, 200 Mary Street
Brisbane QLD 4000
Phone: 1 300 552 270


STOCK EXCHANGE

Australian Securities Exchange
20 Bridge Street
Sydney, NSW 2000


ASX CODE

CHZ


AUDITORS

Pitcher Partners

 


Last updated 15th March 2019

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