Magnetic Resources company strategy is aimed at discovering significant ore bodies which offer viable commercial off take. These discoveries are made primarily utilising our unique set of skills in ground magnetics and soil geochemistry.
Our Assets
- The company has 261 km2 of prospective exploration tenements in the Laverton region and 213 km2 in the Leonora Region.
- Our 100% owned tenements are within 10-15km of operating gold mines of Dacian and Goldfields.
- Magnetic priority projects are
- Hawks Nest 9
- Lady Julie
- Homeward Bound South
Our Strategy
- The company focus is based on looking to discover the next multi-million ounce deposit in the Laverton district.
- By focusing on our core strengths utilising ground magnetics and soil geochemistry and a new survey using 2D shallow seismic to map out deep-seated tapping structures for the 3km long HN9 gold zone, intrusions and multi stacked thickened lodes due to start in early December
- Extensive shallow drilling to date – 723 RC holes 39,740m average depth of 55m. Upside expected from deep drilling.
- Targeting a maiden resource by March 2021.
Board and Management
George Sakalidis
Managing Director
Founding director and shareholder of the Company since incorporation and was the former Managing Director until October 2014 (reinstated as MD April 2017). Mr Sakalidis has worked tirelessly to establish a portfolio of assets which the Company continues to develop for production.
Mr Sakalidis is an exploration geophysicist with over 30 years’ industry experience, and his career has included extensive gold, diamond, base metals, iron ore and mineral sands exploration. Mr Sakalidis has been involved in a number of significant mineral discoveries, including the Three Rivers and Rose gold deposits, the Dongara Mineral Sands Deposits and the Boonanarring-Gingin South-Helene Mineral Sands Deposits in Western Australia.
Eric Lim
Non-Executive Chairman
Eric Lim is Managing Director and Head, Group Finance with United Overseas Bank, one of South-East Asia’s largest banks. Eric also serves as Chairperson of UOB’s Group Environmental, Social and Governance (ESG) Committee. Prior to joining UOB, he held positions with Standard Chartered Bank, OCBC Bank and General Electric in executive positions across the US and Asia Pacific, spanning wholesale banking, consumer finance and corporate finance roles.
He also has extensive audit experience with GE Corporate Audit leading a variety of engagements ranging from process to financial audits. Eric is qualified with an MBA from the Kellogg School of Management and a Bachelor of Accounting from the Nanyang Technological University.
Ben Donovan
Non-Executive Director & CFO
The Company is also pleased to announce the appointment of Mr Ben Donovan as Non- Executive Director. Mr Donovan has been the Company’s company secretary since 2013 and has significant experience in the areas of compliance, corporate governance and capital markets.
Ben has significant experience in ASX listing rules, capital markets and corporate transactions, which will be an important contributor to the Board as we execute our growth priorities and pursue the crystallisation of investor value.
Chan Hian Siang
Non-Executive Director
Mr Chan is the founder, Executive Director and CEO of SP Chemicals Pte Ltd. Mr Chan is also an Executive Officer of SP Chemicals’ parent company, Asiawide Holdings Pte Ltd (AWH), and a few other companies within the parent group. From 1985 to 1987, Mr Chan was a Loans and Syndication Officer at Asian-American Merchant Bank Limited. In 1988, he joined AWH as a General Manager and was appointed as an Executive Director of AWH in 1990.
Mr Chan holds a Bachelor of Arts(Economics) degree from York University, Toronto, Canada and a Master of Business Administration from McGill University, Montreal, Canada. Mr. Chan is also a council member of Singapore Chinese Chamber of Commerce and Industry.
