The Matador Capital team typically has an active role in identifying world class development projects and attracting the people with the appropriate technical and management skills that have a proven track record of creating shareholder value. The Matador Team is involved in:
Frontier Energy Ltd
Frontier Energy Ltd is developing the Waroona Renewable Energy Project (the Project) located 120km from Perth in Western Australia.
The Project is on track to become one of the largest renewable energy projects in Australia, with 868ha of freehold land under Frontier’s control.
The Project’s location, in close proximity to major existing infrastructure and nearby regional towns, provides several strategic advantages. The nearby 330kV Landwehr Electricity Terminal will allow the Company to sell electricity via the South West Interconnected System (“SWIS” – Western Australia’s main energy network), generating revenue from electricity sales, reserve capacity credits and other essential services in WA’s Wholesale Electricity Market (“WEM”), as well as large-scale generation certificates (LGCs) for renewable energy (effectively carbon credits).
Lotus Resources Ltd
Lotus Resources Limited (ASX:LOT; OTCQX:LTSRF) is an Australian Stock Exchange Listed Company (ASX: LOT) and owns an 85% interest in the Kayelekera Uranium Project in Malawi, Africa, and 100% interest in the Letlhakane Uranium Project in Botswana, Africa.
Kayelekera is currently on care and maintenance and is past producing asset having delivered approximately 11 million pounds uranium, before its closure due to a sustained low uranium price.
Lotus released a Re-Start Definitive Feasibility (DFS) Study in August 2022 that highlighted Kayelekera ranks as one of the lowest capital costs (US$88m) uranium projects globally whilst also having the ability to quickly recommence production (15 months development for construction/refurbishment) once a Final Investment Decision (FID) has been made.
Letlhakane is one of the largest undeveloped uranium projects in the world and boasts a current Mineral Resource estimate of 118.2Mlb U3O8 at 345 ppm (RPEEE basis), which holds potential for decades of production in one of the best mining jurisdictions in the world.
Earths Energy Ltd
Earths Energy has entered into binding Sale Agreements to acquire 84% interest in Volt Geothermal Pty Ltd (“Volt”) and Within Energy Pty Ltd (“Within”), who hold geothermal projects in South Australia and Queensland, respectively(collectively the “Projects”). The Projects comprise of prospective geothermal exploration licences, surrounded by key existing infrastructure for electricity generation, including powerlines and sub power stations.
The Company plans to focus on systematically exploring early-stage geothermal targets and developing geothermal resources at the Projects. This will involve a fit-for-purpose exploration programme analysing subsurface geology to identify thermal resource potential at different well depths, undertaking preliminary survey and resource assessments based on offset well data, exploration location definition and exploration drilling. This will determine priority targets for exploration drilling for geothermal resources.
Copper Strike Limited
CSE recently sold its all the shares it held in Syrah Resources Limited. Copper Strike is continuing its strategy of actively seeking project acquisition opportunities across a range of commodities and sectors. The sale of the Syrah investment has put the Company in a strong financial position for when the right opportunity is presented, as it will likely mean minimal future dilution to existing shareholders.
