Peel Mining (PEX) 2025 Conference Transcript

Peel Mining (PEX) 2025 Conference Summary Company Overview - Peel Mining is focused on building a copper-centric resource company primarily in the Cobar Basin, with aspirations to explore further afield [3][4] - The company has established significant resources, with a current share price perceived as undervalued [3] Key Resources and Projects - The South Cobar project contains approximately 5,000,000 tonnes of copper equivalent metal at a grade of about 2% [5] - Major deposits include: - Mallee Bull and Wirrlong: Approximately 11,000,000 tonnes at around 2% copper equivalent [9] - Wagga Tank: A newly identified resource with strong oxide and supergene mineralization, currently under evaluation for potential open-pit mining [10][15] - Southern Knights: An underground high-grade silver-lead-zinc system with significant growth potential [17] - May Day: A modest gold resource with potential for deeper exploration [19] Exploration and Development Strategy - The company emphasizes exploration success, with a focus on cost-effective discovery methods [6][20] - Recent exploration efforts have identified new targets, including: - Nomini: A historical gold prospect with promising assay results [21] - Bean Bar: A large-scale target with a significant magnetic anomaly [22] - The Kurnamona joint venture with Red Hill Minerals aims to explore the Broken Hill and Annabella areas, with a planned 4,000-meter diamond drill program [24] Market Position and Industry Context - Peel Mining holds a dominant land position in the Cobar Basin, which is recognized as a significant mining jurisdiction in New South Wales [8] - The region has seen increased activity from neighboring companies, indicating a vibrant mining environment [6][7] - The company is positioned to provide feedstock to local mills, which are currently underfed [8][26] Financial and Operational Highlights - The company has a strong shareholder base, with major shareholders including Perth Capital and various Australian institutions [4] - Exploration costs have been efficient, averaging around $0.01 per copper equivalent pound [20] - The company is advancing its Pre-Feasibility Study (PFS) for the South Cobar project, with a focus on optimizing capital costs through potential open-pit mining at Wagga Tank [10][11][26] Conclusion - Peel Mining presents a compelling investment opportunity with solid resources, a strategic focus on exploration, and a strong position in a historically rich mining district [27]