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Heard on Hannan Street – Day three of Diggers & Dealers 2020

Written by Genevieve Norton

October 13, 2020

Heard on Hannan Street Day 3-Kalgoorlie Super Pit


Major to watch – IGO Limited

There are a number of heavyweights taking the stand on the final day of Diggers & Dealers including IGO Limited, Regis Resources, De Grey Mining, Bellevue Gold and Western Areas.

IGO, an annual crowd favourite at Diggers & Dealers, has delivered an exceptional operational performance across its portfolio in the past 12 months, resulting in record financial results.

IGO has invested heavily in growth opportunities and committed to maintain its exploration budget of A$65m for FY21, with a primary focus on targets surrounding Nova, the Fraser Range and Paterson Province.

And lastly, what will happen with the Company’s 30% stake in the Tropicana Gold Mine, which is currently on the market and attracting keen interest?

Get your morning off to a good start and make sure you grab a seat at 9.25am.

Junior to watch – Alkane Resources

Not quite a junior anymore but certainly deserves the spotlight. The Nic Earner-led Alkane Resources has enjoyed a stellar 2020.

The Company’s flagship Tomingley Gold Project continues to deliver on all fronts, meeting FY20 guidance of 33,507 oz gold produced. The Company is taking the project to the next level with FY21 guidance of 45-50,000 oz.

Combine Tomingley with the incredible porphyry discovery and potential of Boda and $98.4m in cash, bullion and listed investments and Alkane is well placed for another exciting 12 months.

A must-not-miss presentation starting at 3.30pm.

After hours:

Last night saw the return of the Traditional Bash; sponsored by Kal Tire’s Mining Tire Group it was far from a ‘tiring’ affair with plenty of people in attendance enjoying beers and good banter from about 5pm.

Also, a Euroz Hartleys client dinner was heard to be a terrific night for all involved, with some key delegates and hangers-on doing their best to get into the tight-knit event.

Tonight is the gala dinner which is again a sell-out. The dinner is always a guaranteed a good feed with some first-class wines. Also eagerly-anticipated will be the Diggers & Dealers awards which will recognise the Digger of the Year, Dealer of the Year, GJ Stokes Memorial Award, Media Award and Best Emerging Company.


As always, delegates in attendance at Diggers & Dealers and locals from the City of Kalgoorlie-Boulder provided some colour and entertainment throughout day 2.

It seems almost everyone was relishing brekky at Relish Café on Hannan Street from early hours, some nursing themselves back to health after what all reports suggested was quite a knees-up on Monday night; apparently the Gold Bar was full to bursting at stumps with plenty of deals being done and Westgold Resources Executive Chairman Peter Cook entertaining the crowd with his band, the Smoking Guns, doing AC/DC covers.

Kalgoorlie local car adorned with memorabilia

Bill Beament from Northern Star and Eduard Hagel from BHP Nickel West were both enjoying a brekky wrap from Relish; with the former engaged in conversation with the legal team from Pragma Legal and the latter in a calm state of final preparation prior to his presentation to a generous audience.

An unnamed local drove by outside the Palace Hotel shortly after, displaying a collection of stuffed toys, Disney cartoons and some of the best Star Wars-themed memorabilia you’ve ever seen in the back of his trusty Nissan Patrol ute. The Force is strong with this one! Note the fake grass on the door step up into the driver’s seat; classy and comfortable under foot.


FMG’s Elizabeth Gaines was a popular presenter in the auditorium during the morning session on day 2; not one to mince words, Liz spoke honestly about the success of family-focussed FMG, having returned more than $9 billion in dividends to shareholders and generated almost $20 billion NPAT since inception in 2003.

One presentation worth watching today will be Westgold Resources. Executive Chairman Peter Cook takes the stage mid-afternoon and always puts on a comedic performance. Crowd favourites in past years have been his lookalike pictures with famous celebrities. Rumours have it ‘Cooky’ will have some fun with characters involved in the big Northern Star-Saracen merger, which he was heard comparing to a Royal Wedding.


Across the portfolio of presenters, two companies stood out from the rest of the pack on Tuesday.

Liontown Resources continues its strong run at Diggers, closing another 7.4% higher today to finish at 29 cents. Tim Goyder presented to the conference yesterday afternoon, so let’s see if the Company can deliver another solid day on the market and make it three days in a row.

NTM Gold have one of the best booth locations (number 50) at Diggers and it must be paying dividends, with the Company closing Tuesday’s session 4.35% higher to 12 cents on solid volume.


ESG is no longer a check box exercise; it’s at the top of the list for investors,” BDO Associate Director, Tim John.

The number of women reaching senior leadership positions at ASX 200 companies is actually flatlining,” FMG’s Elizabeth Gaines.

Jukkan Gorge should never have happened,” FMG’s Elizabeth Gaines.

Gotta feel for the Perth investment banker who hurried to place a bet on the next Wallabies game with a Kiwi nickel miner. A bottle of Grange was apparently the bet, after the Wallabies put on a decent show for a draw against the All Blacks on Sunday. Only problem was, our investment banker thought the next game was in Australia and forgot the Wallabies had to back up in Auckland next weekend, before jetting across the ditch for game three.

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