{"id":709,"date":"2023-10-30T22:02:15","date_gmt":"2023-10-30T22:02:15","guid":{"rendered":"https:\/\/economicherald.net\/?p=709"},"modified":"2023-10-30T22:02:15","modified_gmt":"2023-10-30T22:02:15","slug":"top-of-the-line-gcx-appoints-new-boss-ahead-of-exploration-onslaught-at-dante-a-large-cap-project-in-a-small-cap-stock","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=709","title":{"rendered":"Top of the Line: GCX appoints new boss ahead of exploration onslaught at Dante, a large cap project in a small cap stock"},"content":{"rendered":"

Acquisition of Dante nickel-copper-PGE project in West Musgrave region complete
\nThomas Line appointed CEO and MD to drive the project forward
\nDante is just 15km from BHP\u2019s $1.7bn Nebo-Babel development
\n$20m of historical drilling to be unpacked, multiple targets will be drilled next year <\/p>\n

\u00a0<\/p>\n

GCX Metals has appointed a new CEO and MD in Thomas Line after completing the acquisition of the Dante project in WA\u2019s emerging West Musgrave mining hub \u2013 just 15km from BHP\u2019s $1.7bn 390Mt Nebo-Babel Ni-Cu-PGE project.<\/strong><\/p>\n

August marked the month that GCX Metals (ASX:GCX)<\/strong><\/a> decided to make a foray into the prolific West Musgrave critical minerals mining hub with the acquisition of the Dante project<\/strong><\/a>.<\/p>\n

Dante shares the same geological complex as Nebo-Babel, a mine tipped to deliver 28,000tpa Ni and 35,000tpa copper over a 24-year mine life.<\/p>\n

The West Musgrave province also sits on the Giles Complex, which has all the same hallmarks of South Africa\u2019s whopping 2.2 billion-oz platinum group elements (PGE) Bushveld Complex.<\/p>\n

The Dante project comes with large, delineated and advanced targets that include ~23km of outcropping strike at grading averages of 1.1g\/t PGEs, 1.13% vanadium, and 23.2% titanium.<\/p>\n

The company is concentrating on the promising 7km-long Cronus prospect, which has \u201cremarkable\u201d<\/a> combined element anomalism. Drilling is planned for in March next year.<\/p>\n

The Dante acquisition and surrounding critical minerals projects. Pic supplied: (GCX)<\/p>\n

\u00a0<\/p>\n

A new driver at the wheel<\/strong><\/h2>\n

As soon as the acquisition was completed GCX appointed experienced geologist and mining executive Thomas Line to the dual role of CEO and MD of the company to drive the company forward.<\/p>\n

\u201cI am pleased to have the opportunity to lead the exploration and growth strategy for GCX. With the addition of the Dante project and the appointment of executive management , the company is now well positioned to deliver an exciting exploration program which will commence immediately.\u201d CEO and MD Thomas Line told Stockhead<\/em><\/p>\n

Dante already has a lot of exploration work completed, and with up to $20m worth of historical exploration datasets, Line and his team have a lot of juicy targets already before they\u2019ve even hit the ground running.<\/p>\n

\u201cWe\u2019re bringing this project to market in a company which has a very low market cap, but the scale and quality of our targets are exceptional for a company our size,\u201d\u00a0Line said earlier this month.<\/p>\n

\u201cWe\u2019ve got backing from major investment group Tribeca Partners who have around 20% of the company, we\u2019ve also got the support of the Apollo Group and we also have institutional shareholders such as Australian Super Fund.<\/p>\n

\u201cIt\u2019s a unique scenario. We\u2019ve got the kind of backing that normally only companies in production or going into production would have.\u201d<\/p>\n

\u00a0<\/p>\n\n

\ufeff<\/span>\u00a0<\/p>\n

This article was developed in collaboration with GCX Metals, a Stockhead advertiser at the time of publishing.<\/em><\/p>\n

\u00a0<\/p>\n

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n

<\/span><\/p>\n

The post Top of the Line: GCX appoints new boss ahead of exploration onslaught at Dante, a large cap project in a small cap stock<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Acquisition of Dante nickel-copper-PGE project in West Musgrave region complete Thomas Line appointed CEO and MD to drive the project forward Dante is just 15km [more…]<\/a><\/p>\n","protected":false},"author":0,"featured_media":710,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-709","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nTop of the Line: GCX appoints new boss ahead of exploration onslaught at Dante, a large cap project in a small cap stock - Economic Herald<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/economicherald.net\/?p=709\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Top of the Line: GCX appoints new boss ahead of exploration onslaught at Dante, a large cap project in a small cap stock - 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