Coffee with Samso Episode 197 is with Sam Pazuki, Managing Director and CEO of AuMega Metals Limited (ASX: AAM)
The AuMega Metals Limited (previously known as Matador Mining Limited) story has come a long way since our first conversation in April 2020. The developing story is now moving into the next phase as the 2024 field season begins.
In this episode of Coffee with Samso Episode 197, Sam shares with us the philosophy of the company, the strategy for AuMega Metals and the reasoning behind the rebranding exercise. AuMega is well supported with an international miner, B2Gold Corp. as a major shareholder and that clearly shows the confidence the shareholders have in the AuMega Metals Limited story.
Samso's Conclusion
For those readers who have been followers of the Coffee with Samso series, it is common knowledge that I am a big fan of the AuMega story (formerly Matador Mining Limited). I have always said that the biggest value adding process for shareholders is to look for your own discovery. Promoters in this space preach that the refurbishing of projects is more cost effective but in practice this is more of a myth than a reality.
The strategy by the management of AuMega is disciplined and with the stewardship of Justin Osborne (ex-Gold Road Resources) leading the technical search and the corporate influenced Sam Pazuki, I am in no doubt that the mineral exploration will prove their strategy to be fruitful.
The rebranding is clearly a means of aligning the company name with its purpose for finding large economical deposits. The projects that are in the portfolio is the reason why "Mega" projects will be discovered. This is what I call a mineral province play to ensure the largest probability to discover economical deposit.
As the new drilling season starts to take shape, the next phase of the results will be highly anticipated from the company's shareholders. With B2Gold as a shareholder, one has to recognised that B2Gold is not here for a slim chance of discovery. The positioning is well thought and the target company is selected for its vast portfolio.
Tune in and start putting your thinking cap on and do some good old fashion DYOR.
Chapters:
00:00 Start
00:20 Introduction
01:06 All About AuMega Metals Limited.
02:48 Is Cape Ray still the Main Story?
04:26 Is there more love for companies like AuMega now?
07:01 Fair valuation due to a bearish equity market.
09:37 The need for District Scale Potential.
10:57 What have been the learnings from your exploration activities?
13:37 Long term exploration programs create the value for shareholders.
15:58 Short-Term and Long-Term Prize.
18:14 Taking Risks and Exploration Success.
20:40 What is the direction for Gold ?
23:09 Why is there a disconnect between gold equities and the gold price?
25:20 What is the Exit timing for potential investors?
27:48 News Flow for AuMega Metals.
29:48 Why invest in AuMega?
30:55 Big Brother Influence for Large Deposit Discoveries.
32:36 Conclusions
PODCAST
About Sam Pazuki
Managing Director and CEO
Mr Pazuki is based in Toronto and has over 20 years of mining industry experience in senior leadership positions. He joined AuMEGA as CEO / MD after nearly ten years with previously dual-listed OceanaGold Corporation (TSX: OGC), where he led the Investor Relations and Corporate Development functions.
Prior to OceanaGold, Mr Pazuki advised major mining companies, including BHP Billiton, as a management consultant within Ernst & Young’s Advisory Services practice in Toronto, and was part of a team that helped establish a Climate Change and Sustainability practice for the firm. Mr Pazuki is a member of the Professional Engineers of Ontario and has a Bachelor of Engineering Degree and a Masters of Finance.
Mr Pazuki’s extensive global capital markets network and gold industry leadership expertise allows AuMEGA to leverage its current and future success as it grows the business, successfully advances its Newfoundland portfolio and expands the Company’s shareholder base in North America.
About AuMega Metals Limited (ASX: AAM)
AuMEGA Metals Ltd (ASX:AAM | OTCQB:MZZMF) (formally Matador Mining Limited) is an exploration company focused on making gold discoveries in Newfoundland, Canada. The Company is one of only four gold companies with a defined gold Mineral Resource, currently 610,000 ounces grading 1.96 grams per tonne.
AuMEGA is well positioned with an extensive land package comprising 120-kilometres of continuous strike along the under-explored, multi-million-ounce Cape Ray Shear, a prolific gold structure in Newfoundland that currently hosts several major mineral deposits.
Additionally, the Company holds 27- kilometres of continuous strike at the Hermitage prospect which is located on the highly prospective Hermitage Flexure. The Company also has an Option Agreement over the Blue Cove Copper Project in southeastern Newfoundland, which is highly prospective for copper and other base metals.
AuMEGA acknowledges the financial support of the Junior Exploration Assistance Program, Department of Industry, Energy and Technology, Provincial Government of Newfoundland and Labrador, Canada.
Disclaimer
The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer.
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