Company Details

Intermin Resources (ASX: IRC)

ASX Listed
ASX Listed, Exploration, Growth Stage
Resources & Mining
General Investor Profiling

Company Information

  • Executive Summary

    Executive Summary

    Intermin is a gold exploration and mining company focused on the Kalgoorlie and Menzies areas of Western Australia which are host to some of Australia’s richest gold deposits. The Company is developing a mining pipeline of projects to generate cash and self-fund aggressive exploration, mine development and further acquisitions. The Teal Stage 1 gold mine is now in production.

    Intermin is aiming to significantly grow its JORC-Compliant Mineral Resources through infill, extensional and grass roots exploration and complete Feasibility Studies on core projects to build a sustainable production profile.

    Intermin is targeting the definition of significant high grade open cut and underground gold deposits, has acquired highly prospective tenure and will continue to actively pursue consolidation and value-adding joint venture opportunities for the benefit of all stakeholders.

    Request Information

    • Developing 100% owned mines to self fund aggressive exploration, mining pipeline development an further acquisitions.
    • Ability to achieve company growth with minimal shareholder dilution
    • No debt, tight capital structure over 100yrs collective experience in WA goldfields
    • 198m shares on issue
    • 18.4m options on issue expiring 30 June 2017 with strike 7.5c
    • 17.2m options on issue expiring 31 Aug 2018 with strike 17c
    • MCap of $22m
    • No debt
    • Top 20 s/holders hold 65%
    • Directors and associates hold 5%
  • Company Highlights

    Company Highlights

    • Highly experienced Board and management team
    • Generating cash by developing 100% owned gold projects close to infrastructure
    • Building a project pipeline to self fund exploration and development
    • Aggressively pursuing growth strategy with minimal shareholder dilution
    • Significant investment on grass roots exploration and Resource development
    • Delivering excellent high grade results from targeted drill programs
    • Expanding Resources and asset base in the Western Australian goldfields
    • Joint venturing non-core projects with quality partners with leverage to upside
    • Tight capital structure and low overhead corporate culture
    • First gold production from Teal Completion of largest drilling program to date completed in December delivering high priority walk up drill targets for next major program in June Qtr
    • Completed 7 acquisitions to date
  • Board & Management

    Board & Management

    Peter Bilbe

    Non-exec Chair
    Mr Bilbe is a Mining Engineer with over 40 years’ experience in the Australian and International mining industry at the operating, corporate and business level. He has comprehensive operational experience in all facets of underground...

    Mr Bilbe is a Mining Engineer with over 40 years’ experience in the Australian and International mining industry at the operating, corporate and business level. He has comprehensive operational experience in all facets of underground and open pit mining and processing operations including exploration, feasibility studies, construction and provision of mining contract services. Mr. Bilbe has held senior positions at Mount Gibson Iron, Aztec Resources, Portman, Aurora Gold and Kalgoorlie Consolidated Gold Mines. Mr Bilbe is currently the Non-Executive Chairman of Independence Group.

    Peter Hunt

    Non-exec Director
    Mr. Peter Hunt, FCA, has served as a Non-Executive Director of Intermin Resources Ltd for 22 years and is a member of the Institute of Chartered Accountants in Australia and an experienced Company Director. He...

    Mr. Peter Hunt, FCA, has served as a Non-Executive Director of Intermin Resources Ltd for 22 years and is a member of the Institute of Chartered Accountants in Australia and an experienced Company Director. He has been a Director of Strzelecki Metals Limited, formerly Primary Resources Ltd (November 2005 – November 2012), Adelaide Energy Limited (February 2007 – December 2011), MUI Corporation Ltd (June 2011 – December 2011) and Metaliko Resources Ltd (June 2012 – current).

    Jon Price

    Managing Director
    Mr Price is a metallurgist and mineral economist with over 25 years experience in WA and overseas across all aspects of the industry including finance, exploration, development, construction and mining operations. He was general manager...

    Mr Price is a metallurgist and mineral economist with over 25 years experience in WA and overseas across all aspects of the industry including finance, exploration, development, construction and mining operations. He was general manager of the Paddington and St Ives gold operations in Western Australia and the founding Managing Director of Phoenix Gold, recently acquired by Evolution Mining Ltd.

    Lorry Hughes

    Exec Director
    Mr Hughes is an economic geologist with over 20 years experience and was previously Managing Director and CEO of South Boulder Mines Ltd. He has held senior management positions on mining and development projects for...

    Mr Hughes is an economic geologist with over 20 years experience and was previously Managing Director and CEO of South Boulder Mines Ltd. He has held senior management positions on mining and development projects for companies including Energy Metals Ltd, CSA Global, Rio Tinto, and Barrick Gold.

  • Company News
  • Contact Details

    Contact Details