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

Written by Genevieve Norton

October 12, 2020


Major to watch – Chalice Gold Mines

What a 12-month period it has been for Chalice Gold Mines. The Company has been one of the best success stories of 2020 on the back of its high-grade PGE-Ni-Cu-Co sulphide discovery in March.

Chalice hosted a site visit a few weeks ago and word around the marquee is a number of brokers came away from the trip with big expectations for the WA based Julimar Nickel-Copper-PGE Project.

Make sure you grab a seat at 4.45pm and listen in to what Managing Director Alex Dorsch has planned for the next 12 months.

Junior to watch – Poseidon Nickel

With a little over six months under his belt as Managing Director and CEO, Peter Harold has enjoyed a successful period at Poseidon Nickel, highlighted by the high-grade Golden Swan discovery.

Poseidon is focused on expediting its advanced, high-grade nickel sulphide project towards commercial production. With a healthy cash balance, an in-demand commodity and quick pathway to production, you will not want to miss this presentation at 2.50pm.

After hours:

Monday night served up a busy social menu starting with the Clarke Energy Cocktail Party at the conference marquee.

Macquarie, Euroz-Hartleys and Canaccord all hosted events which were well attended. Rumour has it that Peter Cook (Westgold) and his band were the main act at the Canaccord function, and they didn’t disappoint the 250 strong crowd.

Tuesday is Traditional Bash night, which kicks off in the main marquee at 5.30pm. Although, if past history is anything to go by some punters are into the beers by 5pm.


What is the next boom commodity after gold – There was a lot of chatter amongst the delegates asking could be nickel?

Mergers & Acquisitions – Following the Northern Star and Saracen merger, will consolidation continue amongst the precious metal players, and who will be next?

Borders, borders, borders – When will they open? Judging by the popularity of this topic, we don’t see discussions between delegates slowing down over the coming days.


Delegates arrived nice and early on Monday to secure a seat for the jam-packed morning session, highlighted by WA Premier Mark McGowan providing the opening address. Fun-fact, it was the first time in the 29-year history of Diggers that a WA premier delivered the keynote speech.

Mr McGowan opened by saying “I know I wasn’t the first choice keynote speaker… he was a Professor from England. I quickly worked out that all I needed to do to get the invitation to open this legendary event was to lock everyone else out!”

The Premier provided the forum with great insight into the early stages of COVID-19 and the steps taken to safeguard WA from the pandemic. Another fun-fact – WA leads the country in economic recovery from COVID-19 and is the only state not to be in a recession.

Mr McGowan went into detail on the importance of the resources industry and the key role it plays across jobs, training, international trade and investment and thanked the industry for the way it handled itself throughout the crisis.

Mr McGowan closed his speech by highlighting the enormous opportunity WA has to continue to grow regionally, domestically and internationally through the resources sector and stated “If I were a betting man I would be betting big on WA and particularly our resources sector”

Graham “Thomo” Thomson retires after 29 years of service as Logistics Manager for the ForumSPECIAL MENTION

Monday’s rockstar at Diggers & Dealers was none other than Graham “Thomo” Thomson who, after 29 years of service as Logistics Manager for the Forum, announced his retirement. Onya Thomo. Oh, and the chap on the left is WA Premier Mark McGowan, who’s going ok at the moment as well!


Citadel-MAGNUS will be providing a daily recap on any big market moves from companies presenting at Diggers this year.

There were four standout performers on the opening day of Diggers.

Azure Minerals – we highlighted this Company in our junior to watch on Monday and they didn’t disappoint, closing 62% higher at 38 cents after announcing visual sulphides from the Andover Nickel-Copper Project.

Market punters were getting in early ahead of today’s presentations by Poseidon Nickel and Chalice Gold Mines. Poseidon traded 15% higher to close at 7.4 cents and market-darling Chalice was up another lazy 17% to $3.51.

Oh yeah and the Tim-Goyder led Liontown Resources ended the day 12.5% higher at 27 cents.


“I don’t know what is hotter… The market or this weather” – Anonymous

“I got in at midnight , no wait….12.30…. no wait 1am…. Actually I can’t remember” – Well known Corporate Finance Director who will remain unnamed

“Best place to find gold is next to a gold mine” – Bill Beament, Norther Star Resources

“The only thing I’ll ever be President of is the Rockingham footy club!” – WA Premier Mark McGowan

“This State carries the nation, despite the other Premiers not liking to hear that…” – WA Premier Mark McGowan

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