Metalsgrove Mining Ltd (MGA) - Company Deep Dive

19 Sep 2022

MetalsGrove Mining Limited (ASX: MGA) is an Australian-based exploration and development company, focused on the exploration and development of its portfolio of high-quality lithium, rare earth, copper-gold, manganese and base metal projects in Western Australia and the Northern Territory. MGA is committed to green metal exploration and development to meet the growing demand from the battery storage and renewable energy markets in the transition to a decarbonised world.

Highlights

Portfolio of quality assets located in Western Australia and Northern Territory

Led by proven board, management and advisory team driven by ESG fundamentals

MetalsGrove has acquired 100% of the shares of Territory Lithium Pty Ltd

Working on green metals project linked to growing demand for battery and renewable energy

All projects have close proximity to ports and world-class mining infrastructure

Board and Management

Richard Beazley

NON-EXECUTIVE CHAIRMAN

Founder and Director of both Altair Mining Consultancy and Hydrogen Energy Pty Ltd and the Interim CEO and Managing Director for Troy Resources (ASX-TRY). Mr Beazley is an experienced mining engineer with 35 years of experience with a strong corporate, operational and technical background in the resources industry. Throughout his career he has worked on projects throughout Australia, Africa and South America.

Sean Sivasamy

MANAGING DIRECTOR AND CEO

Mr Sivasamy is a mining professional with more than 25 years of global experience. He has held Senior Management roles within large, medium and junior Mining companies in Australia, Africa, India and South East Asia. He is the Founder, Director and CEO of MetalsGrove Mining Limited.

Haidong Chi

NON-EXECUTIVE DIRECTOR

Mr Chi is one of the very early Co-founders of Kimberley Metals Group and KMG Mining Pty Ltd. Mr Chi has been the Managing Director of the company’s business operations, liaising with key relevant stakeholders, driving strategic company growth, and responsible for the overall performance of the business for more than 10 years.

Rebecca Broughton

CHIEF FINANCIAL OFFICER

Ms Rebecca Broughton is a Chartered Accountant with more than 20 years experience in both public practice and commerce, with significant focus in the resources sector.

Projects

Lithium and Tin

Upper Coondina

Location: located 85km south-west of Marble Bar in the East Pilbara district.
Size: Approximately 6,365 ha (E45/5952).
Interest: 100%.
CSR identified simple pegmatite veins as the sources of the tin.
Potential to establish economic long-term producing assets.
High quality lithium, tin and tantalum project in highly prospective regions in Western Australia (Pilbara lithium mineral field).
Well connected to mining infrastructure.

Rare Earth, Gold, Copper and Base Metals

Artuna Projects- Box Hole, Bruce and Edward Creek

Projects: Box Hole, Bruce, and Edward Creek Projects are located in Northern Territory.
Location: 110km north of Alice Springs.
Size: Approximately 320km 2 (EL32420, EL31225 and EL32419).
Interest: 100%.
Access: Via Stuart and Plenty Highways.
Drill ready walk-up drilling targets.
Well connected to existing mining infrastructure
Historical presence of Cu-Au, base metal and historical pegmatite workings have been demonstrated in the area

Managanese

Woodie Woodie North-Manganese

Location: Situated in the East Pilbara region of Western Australia approximately 400km south of Port Hedland and 95km east of Marble Bar.
Size: Approximately 14,400 ha (E45/5945).
Interest: 100%.
Access: All-weather Ripon Hills Road that ensures continued site access.
Manganese is a critical ingredient in steel production and Electric Vehicle (EV) engineering.
Drill ready walk-up drilling targets.
Surface sampling has returned a number of highly anomalous manganese and cobalt assays (up to 52% Mn and 540ppm Co).