hello everyone sage here for kalkine media and welcome to another edition of the executive
corner expert talks in this edition we'll be shining a light on must-grave minerals
the best way to do that is to sit down with the managing director
mr robert war who we've got for you today robert thank you so much for joining me today
great to be here thanks sage great well we may as well make good use of the time we have with
you robert mustagrave has been sharing back to back key critical developments of the q project
the latest being the 41 increase in the project's total mineral resource could you
please walk us through the upside potential of the project highlighted by the resource update
yeah there are two major trends if you like in the project area um there's a a western trend
and a very high grade uh trend along the break of day resource zone now the new resource we've added
in the very high grade trend is a white heat mosaic and that's about a 10 gram resource
so it's very high grade very close to surface and and in future development scenarios that should be
lead to really good margins so that's really the uh the backbone and then we have a western
trend that really adds a lot of tonnage and ounces as well um within the gold space to uh
to really be a baseline fee for a future development scenario in the project
fantastic and gold is definitely in the spotlight at the moment as a hedge against inflation so um
great to hear the news coming in from musgrave so musgrave is continuing aggressive drilling
program at the cube project can you tell us about the scope of the phase of drilling please and
when is it anticipated to complete yeah so it's really an ongoing program for us so we have a
number of components to it so we utilize air core drilling at early stage pipeline opportunities so
things are really early in the program and then we follow that up with rc drilling so we've got a 15
000 meter air core program that'll be followed up with around a 10 to 20 000 meter rc program
that's reverse circulation drilling so that drills a little bit deeper and then we have a
diamond drilling program that we also have running concurrently as well um and that gives uh gives
us a core so a core of rock that we look at from fresh perspective and that's a little bit deeper
again so there are a number of these programs that are all ongoing and they really convert
resources we have for through different stages of the project but also find new resources and
that's the intent is to keep this pipeline full so we can continue to build the resource base and
really make a viable large project going forward fantastic sounds like you're making the best use
possible of your time and resources there and it's great to see that advancements in technology are
helping you to drill further into the ground to hopefully find some great deposits um musgrave
recently inked a deal to acquire 100 interest in a tournament package to the south of mount magnet
could you throw some light on the synergies of this tenure with the existing q project please
yeah so it's only about 40 kilometers away so it's well within tracking distance to our main
queue project uh it's quite an early stage project and that really what that does is it
creates a pipeline for us so we want um projects in different stages of development so the early
stage projects um really expression takes quite a long time so to make these daily discoveries
um we know that the average time really within the industry from a discovery of a new belt project
to development this is average is well over about 12 to 15 years so and noting that we're hoping to
get into development a lot quicker than that but we also need this pipeline so this potential new
this new project will potentially lead to further discoveries down the track and that will then lead
to further growth at queue and linking real world with queue so yeah it's really about maintaining
that pipeline and that opportunity in years to come for the company fantastic it's great to hear
you think about um what your plans are with such a forward thinking um mechanism there thank you so
much for sharing that so this new tenure hopes to create a long-term pipeline of opportunities which
you've mentioned for the company and can you tell us about the activities that the company's planned
at this new tenure and the timeline of these activities in a little bit more detail please
yeah sure sage so um we've just started a detailed gravity survey and that looks at the density of
the rocks below the surface not much to see a surface so you need to find ways to see below
that so that's a geophysical program that's just started that'll take about three to four weeks to
complete uh we'll then get that data and interpret it and i'm linking that data to some existing
aeromagnetic data that we currently have will lead to a identifying targets and interacting with the
geology so we can find drill ready targets so that's the plan for us this is what the process
that led to the discoveries at the key project and we think we can use the same system down
here at mount magnet to find new discoveries as well so that's the stage we're at we're hoping
to be drilling uh down there at mount magnet um roughly around the end of the year so maybe
in january for every so with that in mind that that's sort of this pipeline of opportunities
and we know we need to collect this initial data before we can get to that drilling stage great
to hear about the positive signs of your data there and hopefully everything falls into place
the way you intend it to um so with frequent and intense impacts of climate change affecting parts
of australia there's an increasing consciousness towards esg activities globally especially among
explorers and miners how does mgv ensure that the requisite steps are taken on this front please
yeah so it's an important concept and important for the company going forward
and noting that we're a pre-development company so we're really an early stage
we try and integrate everything we do with all aspects of esg so we link in with community we're
linking in with the environment we're trying to minimize our impacts but the important thing to
note really for us is that ongoing process because we're talking about and looking at setting up a
whole new development from scratch it means we can integrate the new thinking into that model going
forward so we can try and utilize optimum uses of power and creation of power through solar or wind
we can also integrate that's that that then into the system for how we build and how we develop
going forward so noting that we can be right on the cutting front edge of these new technologies
as they come out because we're starting from scratch with a clean slate so it's important
to know that and i think it's really key for us going going forward well there's definitely
no shortage of sunshine out there in western australia that's for sure
um and it's great to hear that was government and also that there are software products that
can help companies stay on track with the esg requirements as well these days so thank you
for sharing that um mgv stands well funded amid a strong australian dollar gold price
environment how does mgv look to maintain the momentum in the future in your opinion
yeah so it's a good question so what we want to do is maintain um really an active environment
for us going forward so maintain the drilling at the same time progress our pfs level studies so
we know we need to do a level of feasibility and studies over all the deposits we find so these
new deposits will continue to get feasibility level activity on them which is mental energy
that revolves around the stability of the rocks it involves around also the the waste structure
chemistry making sure it's all benign minimizing the environmental impact or all these components
so we're continuing with that part of the process while we're also continuing to to do the drilling
which will expand the project and make it larger so uh the both compart components of that leading
forward with a good gold price environment it means that we can maintain this momentum on the
project and that's intent for us is really to keep a strong cash balance and maintain momentum sounds
great thank you so much robert for sharing that and it sounds like the team's got a lot of work
ahead of them so an exciting time to connect with your company um well would you like to close off
the discussion with any anything in particular to the viewers today i look at we think it's a
really exciting time for the company so agent i appreciate the chance to to express that with
with the viewers and what we do know is we've got a lot of work ahead of us as you mentioned
um we've got a lot of activity we should have a lot of news flow as well um and that's exciting um
yeah being at the cutting edge of new discoveries is always exciting people are always interested
in that but they're also interested in the development of the project so we're hoping
to do both best of luck robert gold definitely puts australia on the map and we are watching
this space thank you for joining us today thanks sage pleasure to be here and for everyone watching
that was robert war he's the managing director of mass grave minerals and if you missed any
part of that chat please watch the full interview on kalkine youtube channel so please subscribe as
well sage here reminding you to please stay apprised and invest wise with kalkine media