Following the serendipitous discovery of ‘watermelon seed-shaped’ gold nuggets in the Pilbara region of Western Australia in 2016, several junior mining companies and prospectors have speculated on the presence of gold conglomerates in the area, to rival that of the famous Witwatersrand Basin in South Africa.
On the back of such claims, over the last half of 2017 the share prices of companies with existing stakes in the Pilbara surrounds had skyrocketed, with Canadian-listed Novo Resources’ share price rising by 867% in that time; reaching a market cap of $1.5 billion in November.
It all started when Ed Mead of junior miner Artemis Resources (with which Novo Resources now have a joint venture in the Pilbara Gold Conglomerate tenements) happened upon the above-mentioned gold nuggets by Purdy’s Reward, south of Karratha, in the Pilbara region. Then at the Denver Gold Forum in September 2017, Novo set up a live stream to one of their Pilbara tenements, where local prospectors calmly unearthed more gold nuggets as the conference audience watched on. Since then interest has swelled, and the area traditionally known for its iron ore deposits, has been targeted as a 21st Century Gold Rush.
Matt Mullins (Chair of the SAMCODES Standards Committee and Director of Tecoma Strategies) will be speaking at this year’s Pilbara Gold Conglomerate Conference taking place at The Crown Perth, and will also be chairing the first day of the two-day event. His presentation is entitled An Overview of the Witwatersrand Basin: Its Exploration, Exploitation and Economics.
The conference runs from 21st to 22nd March. Bookings are still open: