Mine Discovery Fund Pty Ltd (MDF) is a company at the forefront of discovering Tier 1 metals deposits. Some of MDF’s expert geological advisory board are responsible for leading teams for some of the biggest discoveries in the world. The team uses AI-driven proprietary algorithms that incorporate machine learning for big data processing to identify high priority targets.

MDF’s unique incubator model criteria rigorously analyses the size of the ultimate prize, weight of evidence for potential discovery and the cost of definitive testing. They then match the prospect with world-leading discovery geologists who have the most relevant real-life experience, and give them access to all of MDF’s proprietary big data and AI/machine learning technologies.

The group is led by Joseph Webb, who has over 20 years of executive management experience in the resources and manufacturing industries both in Australia and overseas. He previously held commercial roles at mining giants Rio Tinto and Mineralogy Pty Ltd. 

The MDF expert advisory board includes John Main, a geologist with 45+ years of global experience in mineral exploration and evaluation. He has led teams that have discovered eight deposits that have become mines, with a value of actual and planned production from these deposits exceeding $100 billion.

Also on the board is Professor Ross Large, a distinguished professor of geology who is internationally recognised for studies on sediment and volcanic-hosted deposits of Zn-Pb, Cu and gold. He led the premier ore deposit research centre globally for 25 years, and was involved in many major mineral discoveries. He is most interested in testing and adopting new technologies for discovery.

Another MDF advisor, Andy Browne, is a geologist with 48+ years of global experience in minerals exploration and evaluation. He was a team leader in major discoveries of gold, mineral sands & uranium, including NexGen’s giant US$3.8 billion NPV Arrow uranium deposit discovery in Canada.

A strong track record

Some of the deposits discovered by the MDF team throughout their careers had exploration success quite early in the process, a repeated occurrence that is attributed to their refined and comprehensive systems.

Notable examples include the 1.5Bt @ 1.5% Cu, 0.04% Mo (+Au, Ag) Resolution Deposit in Arizona USA. The first hole returned over 400m at above 1% copper, and the project is currently a US$64 billion project that will run over 60 years as a joint venture between Rio Tinto and BHP. There is also the 118Mt @ 10.2% Zn, 1.5% Pb, 32g/t Ag Century Deposit in Queensland – which produced over US$15 billion of commodities during its 16 year mine life. The third hole hit ore. A particularly high grade example includes the 5.2Mt @ 2.93% Ni, 2.49% Cu (+Co, Au, PGE) Eagle deposit in Michigan USA, which was developed and is currently in production. Once again, the third hole hit ore.

Q&A Interview on Felix Gold

Listen to Joe Webb describe how MDF goes about discovery, why their member’s experience is so important, and the types of unique discoveries that they are able to find. He discusses why they put together the Felix Gold’s (ASX: FXG) tenement package, and what excites them about the drilling results.

Join Felix Gold (ASX: FXG) MD and CEO Anthony Reilly for a live investor briefing this Friday, 15th September art 1pm (AEST), where he will discuss the company’s  position as a gold explorer with a multi-million ounce exploration target in an ideal strategic location. Click here to book in or request the replay.

Mine Discovery Fund Pty Ltd is a private investment vehicle that has interests in Felix Gold Ltd.

Reach Corporate provides Corporate Advisory Services, including managing investor communications on behalf of Felix Gold Limited and may receive fees for its services.

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