Thursday, December 5th at 12.30 p.m.
Presents a gold and coal Christmas Special
Gympie Gold CEO Harry Adams
“The Gympie Gold
Growth Phenomenon ”
Over the last six years Gympie Gold has provided an average shareholder return of just under 20% per annum. It has done this by transforming the mine development of its prolific field at Gympie, cracking open an impressive exploration potential, acquiring and developing the boutique Southland coal mine in the Hunter and taking a second listing on the AIM market and more. Phew!
This has been the momentous six-year term that Harry Adams has had at the helm applying a fresh style of management with, by mining industry standards, a very short lead time between decisions and results. Revenues have climbed steeply with 60,000 Oz gold and 1.5 million tonnes coking coal slated for 2003. Working from the bottom up, the one-kilometre-deep 1-2Mtpa Lewis decline is now ready to become the draw point for abundant exploration potential lying closer to the surface. With 4MOz of historic production, Gympie Gold is now bear-chestedly expecting an accelerating drill program to yield another 6MOz and with recent snippets such as 3m of 60g/t of gold from the Partridge discovery immediately beneath the Mary River’s alluvial blanket one can believe a season of exciting exploration is around the bend. Gympie started the Southland coal mine in 1998 when it started to mine its long-held lease spring boarding from the collapse of an adjoining mine. Now its metallurgical coal product, noted for its low ash and high fluidity, goes to widely diversified buyers. After cracking the nut of development earlier this year, in-seam thrust faulting has slowed production. Until this structure is passed, Adams is not enjoying the wading through treacle. An accountant, merchant banker, AGSM graduate and CEO, his company building record is a new benchmark in resource company management.
Don’t miss it! Julian Malnic P.S. The Christmas drinks are on us!
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The Forum is held at the Tattersalls Club at 181 Elizabeth St, Sydney (adjoining the Sheraton on the Park). There has been a relaxation of dress rules at the Tattersalls Club so ties and jackets are no longer required.
Thank you for supporting your Sydney Mining Club and for your interest in the current affairs and issues that drive our industry.
Dear Sydney Mining Clubbers,
‘Members’ are required to pay $35 reflecting the new, but fair, schedule of charges. Because – at least for now – the Sydney Mining Club uses a virtual membership, where people who have attended once automatically become members, we have removed the differing charges for ‘members’ and ‘non-members’ and replaced it with a flat $35 charge. If the additional cost represents a significant imposition to you, you need only let Sharon know by e-mail and you can stay with the $30 ‘concession’ rate. All students remain at $10 so you should remind your student friends of this. I can assure you we are working hard to minimise the cost of your forum lunches.
At some time in the future we may move to a formal membership arrangement for the Sydney Mining Club so if you have any friends and colleagues to add to our ‘virtual membership list’ – that is our e-mail list – now is the time to send their name and e-mail address to Sharon.
AusIMM students $10, Concession Rate $30, Everyone else $35. Corporate Table bookings (10 people) $375.00 (incl GST) per table
Please note any bookings received after close of business on the Tuesday prior to the lunch will automatically be charged a late fee of $10 per person. .
The Sydney Mining Club
Fax bookings to 02 9416 2583
(Other inquires call 02 9416 0666 and ask for Sharon Johnson)
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