Hi guys, very late 11th hour for this, but I just got refered to a cracker of an IPO
Montezuma Mining, its 2 points of difference are its management (some of the best geologists in the business) and the projects they've pegged.
See below for extracts from IPO
Shares = 14m vendor + seed 22.5m IPO = 36m
• The company is managed by a highly experienced board, with a proven track record of discovery success, including two
AMEC Prospectors of The Year Award recipients in Denis O’Meara (Chairman) and Terry Grammer (Director).
Denis O’Meara – Chairman
Denis O’Meara is a Prospector and founder of De Grey Mining
Ltd. Denis has a lifelong involvement in mining, prospecting
and exploration. He has been involved in several major
resource and exploratory discoveries in Western Australia
including Miralga Creek, Sulphur Springs, Gorge Range,
Indee (Wingina and Orchard Tank Well) (Pilbara) Horans Dam
(Kalgoorlie), Triangle Bore (Mt Magnet) and Weld Range
(Murchison). His activities have supported several corporate
fund raisings/listings since 1969. His prospecting has also led
to joint ventures with 17 companies. Denis is the discoverer
of the Beyondie Bluff gold and base metal anomalies and
originally sampled for gold at the Indee Turner River Gold Belt
in 1987. He was awarded AMEC Prospector of the Year in 2004,
jointly with Geoff Blackburn.
Denis has served as an Executive Councillor of AMEC, a board
member of AGIC (Australian Gold Industry Council) for its
10-year duration and board member of the Port Hedland
Port Authority from 1972 to 1985. He also received a National
Outstanding Achievement Award - Greening Australia,
1991 and served as a board member of the Kings Park and
Botanical Gardens, Perth, 1994 - 1996.
Justin Brown – Managing Director
Justin Brown is a geologist with extensive experience in
minerals exploration in Australia and New Zealand. He has
a strong technical background with experience in the full
spectrum of mineral exploration and mining from grass roots
target generation through to resource mining and mine
Justin’s successful career in the mining industry culminated
in a position managing exploration for a large multinational
company in the Leonora, Edjudina and Marvel Loch regions of
Since leaving mineral exploration to pursue other business
interests, Justin has founded and operated a successful
internet services consultancy, developing and enhancing his
management expertise which he now brings to the Company.
Terry Grammer – Non-Executive DirectorMr Grammer is a geologist with over 30 years experience in
mining and mineral exploration with extensive experience in
Australia, Southern Africa, East Asia & New Zealand and has
operated in Western Australia since 1988. He has extensive
experience in exploring for gold and base metals.
Mr Grammer was awarded The Association of Mining and
Exploration Companies (AMEC) Prospector of the Year Award
(jointly with Mr Anthony Rovira) in 2000 for the Discovery of
Jubilee Mines NL’s Cosmos Nickel Deposit. The initial Cosmos
discovery defi ned a resource of approximately 400,000t @
8.2% Ni. The project has grown signifi cantly since then.
He was also a founder and promoter in 1999 of the successful
nickel explorer Western Areas NL where he was the
Exploration Manager from 2000 until retiring in 2004.
Mr Grammer became a Non-Executive Director of Hannans
Reward Ltd and, after assisting a $3.4m refunding of Hannans,
became an Executive Director in January 2006.
Ian (Inky) Cornelius - Non-Executive Director
Mr Cornelius has had over 40 years experience in the minerals
and petroleum industry. He spent the fi rst nine years of his
career with the Western Australian Department of Mines
before leaving to manage his own tenement consulting
business. Since 1976 he has held senior executive positions
in a number of public exploration and mining companies. In
this capacity he has had extensive experience and success
in the selection, management and development of deposits
of many commodities. Inky is a non-executive director of
Pancontinental Oil and Gas NL, New World Alloys Ltd, and
Alkane Exploration Ltd.
John Ribbons – Company Secretary
Mr Ribbons is an accountant who has worked within the
resources industry for over thirteen years in the capacity of
group accountant, fi nancial controller or assistant company
Mr Ribbons has extensive knowledge and experience with
ASX listed production and exploration companies. He has
considerable site based experience with operating mines and
has also been involved with the listing of several exploration
companies on ASX. Mr Ribbons has experience in capital
raising, ASX compliance and regulatory requirements.
• The Talga Project in the East Pilbara region covers over 5km of prospective ground along strike from and between the
Talga Mining Centre and recent fi rst pass drilling by another explorer which returned intersections of up to 7m @ 3.78
g/t gold. Rock chip sampling by historic workers returned assays of up to 3.4% Zn, 2.7% Cu, and 0.149% Pb. Recent
reconnaissance sampling by Montezuma has returned rock chip sample assays up to 1.02 g/t Au.
• The Pilgangoora Project is located adjacent to and along strike from the Lynas Find Deposit, the largest known Archean gold
producing location in the Pilbara. The tenement also contains an untested ultramafi c sequence with potential for nickel
sulphide mineralisation. Sampling of gossans to the south by previous workers returned values of up to 1.2% nickel.
• The Weebo Project north of Leonora in the Yilgarn Province contains an untested geochemical anomaly with a regionally
signifi cant peak value of 90ppb gold. The anomaly is approximately 500m in strike, open in both directions. It lies along
strike from the Wonder North/Celtic deposits with a combined premining resource of 282,000 oz Au, and just 10km from
the 2.2 million ounce Thunderbox Deposit.
• The Callawa Project in the East Pilbara covers 284 km2 of granitic rocks untested for porphyry style mineralisation. Surface
sampling by previous workers returned assay values of up to 19% copper in altered granite, with associated elevated gold
values. This occurrence is untested by follow up work.
• The Panorama Project is a small, strategic holding adjacent to and along strike from the Sulphur Springs Deposit, comprising
resources of 3.1 Million Tonnes @ 3.5% copper and 0.9% zinc, and 3.3 Million Tonnes @ 0.6% copper and 10% zinc.
• The Western Shaw, Copper Hills South, and Barite Range Projects provide holdings in prospective geological and structural
environments with potential to generate gold and base metals targets with cost eff ective, proactive regional exploration.
• Strong management, quality targets with multi-commodity potential, a proactive exploration philosophy and a tight
capital structure give potential for capital growth.
• An investment in the company should be considered as speculative and potential investors should refer to Section 5 for further
details concerning Risk Factors. Details of the exploration plans formulated by the Company are reflected in Section 3 and the
Independent Consulting Geologist’s Report contained in Section 4 of this Prospectus.