THE BOURSE WHISPERER: The Roadhouse was fortunate to catch up with Investigator Resources (ASX: IVR) managing director John Anderson in Brisbane.
We just knocked on the front door as the company announced its intentions of moving its head office from Brisbane to Adelaide.
Anderson said the company was shifting its focus entirely to South Australia, which the company considers to be a vibrant and resurging minerals frontier.
The move is also spearheading a drive to reduce the costs of Investigator’s on-going exploration and development opportunities.
“The consolidation of the corporate and operational offices in Adelaide will facilitate Investigator’s focus on developing the Paris silver deposit and exploring its other exciting copper gold and nickel opportunities in South Australia,” Anderson explained to The Roadhouse.
“With sentiment turning in the market, our 33 million ounce Paris silver project is finally attracting market interest reflected in the strong rise in Investigator’s share price since early February.”
Investigator announced an upgraded Resources at Paris last November, which received limited interest from the market.
Anderson mused that point appears to be have been at the bottom of the market, or what he described as, “the silence before the dawn of the next upturn”.
With a robust grade of 116 grams per tonne silver and shallow open-pit attributes for Paris, Anderson remains confident it is only a matter of time before a renewed interest in bullion would launch Investigator out of the pack.
“There is plenty of exploration potential around Paris to discover more silver,” he said.
“But we also perceive market interest in the step-change concepts for copper-gold and nickel discovery that we are developing with our innovative approach out of the Paris lead.”
Anderson indicated the Nankivel copper gold targets near Paris as potential prospects of being South Australia’s first porphyry deposits, probably of Olympic Dam age.
“We are also aiming to turn the surprise of finding previously unknown ultramafics with nickel sulphides near Paris into another breakthrough for that region,” Anderson continued.
“And based on new government research, we feel the Maslins gravity target is well positioned for a renaissance in IOCG exploration in the southern extensions of the Olympic Dam belt.
“Our corporate relocation into South Australia is well and truly justified by our intention to develop Paris into an operating mine, along with the quality and diversity of precious and base metal exploration projects we are taking into the next upturn.”