The 68th Sydney Mining Club Meeting

with the support of

Ausenco, GPR Dehler, HSBC & Outokumpu




LionOre MD – Mark Ashley


“Running Hot & Going Where No Company Has Gone Before”


In just three years the LionOre share price has romped from 40c to $7.00. Five years ago it was in survival mode. Last quarter it reported a whacking revenue of $72.1m. But lady luck has not been the only cause of this stellar rise vision has played a big part. According to Mark Ashley the idea that a company of this kind of performance would succeed as it has came from the bunch of ex-Rio nickel traders who started it. They saw the potential for an unhedged nickel producer in a market where supply had limited flexibility and the potential for China-led demand to squeeze the market. They designed their company around the expectation of rapid growth and have already shot into the western world’s top ten nickel producers. And you if you were to ask them about the prospects of the current nickel boom they, like Ashley, would say you ain’t seen nothing yet. But even in gold, LionOre is performing well with the WA Thunderbox mine now well on its way to a nine-month payback of its $65m development capital. For future growth, it is proactively working on developing projects from within its existing holdings.

But Mark Ashley says LionOres vision extends well beyond cash. He is emphatic in his desire for LionOre in Australia to be the employer of choice offering a work environment that is not only physically safe but free of politics and any sociological effects that stunt work performance. The families of workers can call on various free counselling services paid for by LionOre to keep their lives on track. Even family safety is a concern with parents, spouses and kids being involved in another employee program. LionOre is a new-generation company with holistic view of success. It is building a very different reality and there is none better than the effusive Mark Ashley to explain for you which part of success comes first. Not to be missed.

RSVP Tuesday prior – Booking Form below and ‘back’ on SMC home page


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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 and ties and jackets are no longer required but men must wear long trousers and a smart collared shirt.

Thank you for supporting your Sydney Mining Club and for your interest in the current affairs and issues that drive our industry.


The excellent lunch at Tattersalls in 2003 is $40.00 per person with complimentary drinks on arrival. Wine for the table can be ordered and settled directly with Tattersalls staff. All students remain at $10 so you should remind your student friends of this (Student ID to be presented at door).


Students $10, Concession Rate $30, Everyone else $40. Corporate Table bookings (10 people) $400.00 (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. .


AIMEX Mining Equipment Exhibition Register online now or call 61 2 9211 7455 for FREE entry to the largest mining equipment exhibition in Australia – AIMEX. It will be held at the Showground at Homebush, 9 – 12 September and entry is free, all you need to do is register on-line. The AusIMM Mining Risk Management Conference will run parallel with this major event.


The Sydney Mining Club – Booking Form

Fax bookings to 02 9416 2583

E-mail to:

(Other inquires call 02 9416 0666 and ask for Sharon Johnson)


Name/s: ………………… ……………………..



Name on Credit Card: ………………………………

¨ Visa / ¨ Master Card / ¨ Amex / ¨ Diners Amount: ………………..

Credit Card No.: ………………. Exp Date: ………………….


Signature: …………………

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E-mail Address: …………………..


This booking form can be used as a receipt for tax purposes.

AusIMM ABN 59 836 002 494


RSVP BY 5pm, Tuesday prior to Meeting


Note – late bookings $10 extra!!