Nickel Rock Stars Working For Shares: Twiggy’s # 1 Geologist Plus Sirius Masterminds Combine in One Fraser Range Micro Cap

PUBLISHED: 27-05-2014

There is nothing like an under the radar nearology play. We have been alerted to a unique explorer, currently capped under $7 million, with chunks of land firmly entrenched in two resource rich regions. This explorer remains undiscovered, yet has 100% ownership of tenements surrounding both Sirius and Rox Resources. Whilst it’s very early days for this tiny company, it has a technical dream team of nickel hotshots that is unparalleled for a company of its size. When you have Andrew ‘Twiggy’ Forrest’s favourite geologist from Poseidon on your side, plus Newexco, the team that discovered Sirius’ Nova and Bollinger deposits, it’s a definite solid foundation. Especially when they are taking shares in the company in exchange for their services... One of its tenements also lies in Fortescue’s front garden... It’s just raised $392,000 (before costs), and it appears to be the only “Fraser Ranger” to have attracted Chinese investment interest . The Next Small Cap is proud to introduce:

MPJ_MAIN_010

Kairos Minerals
ASX:KAI

To stay up to date with all the latest MPJ news, follow them on Twitter or like them on Facebook .

Compared to other “Fraser Rangers”, MPJ has a rather impressive acreage to market cap ratio... Would you believe it controls almost as much land in the Fraser Range as Sirius itself? It does, with over 800 km 2 of 100% owned tenure, but it is trading at just a tick over half a cent, and a market cap of under $7 million. A very recent capital raise of $392,000 (before costs) has bolstered the MPJ bank account so it can move forward with its exploration campaigns:

MPJ_MAIN_011

You know the story. This chart shows Sirius meandering along at 5c. Then with two giant nickel finds, it minted a small army of instant millionaires.

MPJ_MAIN_012

The past performance of this product is not and should not be taken as an indication of future performance. Caution should be exercised in assessing past performance. This product, like all other financial products, is subject to market forces and unpredictable events that may adversely affect future performance. One of MPJ’s projects shares borders with tenements held by Sirius and Fortescue... And the Nova and Bollinger deposits lie directly in the middle of MPJ’s two Fraser Range projects. MPJ own 100% three projects in the greater Fraser Range region:

  • Fraser Range East Project
  • Fraser Range West Project
  • Roe Hills Project

MPJ_MAIN_013

More of MPJ’s prospective nickel tenements surround the emerging nickel discovery of Rox Resources. Rox has been performing VERY well lately:

MPJ_MAIN_014

The past performance of this product is not and should not be taken as an indication of future performance. Caution should be exercised in assessing past performance. This product, like all other financial products, is subject to market forces and unpredictable events that may adversely affect future performance. The map below shows MPJ’s Dingo Range tenements, marked in black – a recent General Meeting of shareholders passed board resolutions to acquire these holdings.

MPJ_MAIN_015

In addition to the recent $392,000 (before costs) capital raising, MPJ completed the acquisition of the companies holding the Dingo Range and Balladonia tenements:

MPJ_MAIN_016

With its current tiny sub $7 million market cap, MPJ boasts impressive technical expertise for a company of its size... Neil Hutchison is on the job – he is Andrew “Twiggy” Forrest’s ‘nickel man’, and General Manager of Geology at Poseidon Nickel Ltd. Neil has agreed to be paid for his geological services partially in MPJ shares, rather than cash. That’s a big hint... there might be something special in the ground MPJ controls – geologists of his calibre don’t work for free. Neil made a big find at Poseidon within 12 months of joining the company – the biggest discovery for Poseidon since 1971 – the Cerberus deposit. Cerberus holds 68,000 tonnes of nickel and is still growing... that sort of find could multiply MPJ’s lightweight market cap several times over. A Cerberus-like discovery is not assured of course...we are a long way from this – but MPJ is a ground floor entry, it’s very early days and risk is to be expected. And, Neil is teaming up with renowned nickel prospectors Bill Amann and Adrian Black from Newexco. These two were behind the massive nickel discoveries of Nova and Bollinger, and Panoramic Resources’ recent intersect of 89.3 metres at 1.6% nickel. Not to mention Peel Mining’s Mallee Bull polymetallic hit of 84 metres at 5% copper equivalent... As well as the famed Spotted Quoll and Flying Fox nickel deposits for Western Areas. Bill and Adrian are backing MPJ with their wallets too... Check out what we dug up in the latest Notice of General Meeting – all resolutions in this document were passed :

MPJ_MAIN_017

So in return for providing geological and geophysics services, Newexco have also agreed to be partially paid in MPJ shares. The big end of town appears to be well and truly behind MPJ. And to top it all off, MPJ is exploring for the commodity with some of the best supply/demand metrics going around... Indonesia, the world’s biggest nickel supplier, recently banned exports .

MPJ_MAIN_018

MPJ_MAIN_019

Since the ban was imposed, the nickel price has been trending higher, and nickel stockpiles have started to fall. A recent cool off occurred over the last week, however the overall trend appears to be up:

MPJ_MAIN_020

MPJ_MAIN_021

MPJ_MAIN_022

Our Track Record

Another Fraser Range that we added to our portfolio earlier this year was Segue Resources (ASX:SEG) – since our first article was released, SEG has been up as high as 130%:

MPJ_MAIN_023

The past performance of this product is not and should not be taken as an indication of future performance. Caution should be exercised in assessing past performance. This product, like all other financial products, is subject to market forces and unpredictable events that may adversely affect future performance.

Hot Post Codes with Celebrity Neighbours

MPJ recently acquired some flash ground in both the Fraser and Dingo Ranges... Over 800 km 2 flanking the Nova-Bollinger deposits in the Fraser Range. With another 326 km 2 flanking Rox Resources, and their growing nickel discovery at Mt Fisher in the Dingo Range... And every one of MPJ’s projects is 100% owned. That in itself stands MPJ apart from a lot of other Fraser Range nickel explorers. As you can see in the image below, the Nova-Bollinger deposit is surrounded to the east, west and northwest by MPJ projects.

MPJ_MAIN_024

A close up of MPJ’s Fraser Range East project shows that MPJ even shares a border with none other than Fortescue Metals (marked FMG Resources in the map):

MPJ_MAIN_025

Imagine that... a $7 million minnow with Fortescue on one side and Sirius on the other , literally sandwiched between the two. Add to all this MPJ’s Roe Hills project (360km 2 ), the one to the northwest of Nova-Bollinger – Check out that nickel drill grade of over 6%...

MPJ_MAIN_026

Just in case you can’t see it:

MPJ_MAIN_027

This is the project that has attracted the attention of China’s International Mining Inner Mongolia Geology & Minerals Group (IMMG) , a significant private enterprise involved in all aspects of mineral exploration and production.

MPJ_MAIN_028

Much further to the north, and Rox’s Camelwood deposit of 1.6 million tonnes at 2.2% nickel shares borders with another two MPJ tenements.

MPJ_MAIN_029

And Cullen Resources Mt Eureka Project

MPJ_MAIN_030

You could say Cullen Resources has had an “interesting” run over the last month or so:

MPJ_MAIN_031

The past performance of this product is not and should not be taken as an indication of future performance. Caution should be exercised in assessing past performance. This product, like all other financial products, is subject to market forces and unpredictable events that may adversely affect future performance.

MPJ_MAIN_032

Mining Projects Group

ASX:MPJ

To stay up to date with all the latest MPJ news, follow them on Twitter or like them on Facebook .

Our Track Record

Did you receive The Next Small Cap report on Core Exploration (ASX:CXO)? Since this report was released, CXO has traded up to 85% higher.

MPJ_MAIN_033

The past performance of this product is not and should not be taken as an indication of future performance. Caution should be exercised in assessing past performance. This product, like all other financial products, is subject to market forces and unpredictable events that may adversely affect future performance.

Have you heard about the Next Investors VIP Club?

Joining this Club will give you free access to opportunities not normally available to general retail investors – however you must qualify as a sophisticated investor under Section 708 of the Corporations Act. These opportunities are as diverse as stock placements, seed capital raisings, IPOs, options underwritings. Plus a whole host of other high risk, high reward investment opportunities not available to the general public (careful – this stuff is high risk!). Just fill in the form and you will be alerted to the next opportunity.

Superstar Nickel Geologists

MPJ is punching above its weight, not only with its attractive ground but also its technical team. Prospective ground is one thing, but without the best geologists exploring it, major deposits can easily be missed. MPJ has this well and truly covered with a dynamic duo of nickel exploration hot shots... Neil Hutchison from Poseidon, the geologist that was instrumental in Poseidon’s Cerberus nickel discovery; And Newexco, headed by Bill Amann and Adrian Black. This is the team responsible for Sirius Resource’s meteoric rise, as well as Western Area’s development into a $1 billion nickel producing powerhouse. These are just a few of the major discoveries Newexco has engineered:

MPJ_MAIN_034

MPJ_MAIN_035

Quite an impressive history of big nickel finds. Remember, Newexco is even taking part payment for its services in MPJ shares... They are the best in the business when it comes to finding nickel. And they have decided that MPJ shares are more valuable than the equivalent cash... Reading between the lines here gives further indication of the chances of MPJ ground holding something rather special. In fact the team from Newexco have just completed an electro magnetic survey at MPJ’s Fraser Range East Project. Now they are over at the Dingo Range near Rox Resources for more magnetic surveying.

MPJ_MAIN_036

MPJ_MAIN_049

You can see the survey area circled in red on the map above. The program has been designed to test for bedrock conductors which may host a nice pile of nickel sulphides... After all, this is exactly how they found Nova... why change a system that clearly works. Neil Hutchison from Poseidon is also on the team – he is Twiggy’s very own “go to” nickel geologist. Not surprising that Twiggy took a shine to him after he discovered Poseidon’s 68,000 tonne Cerberus nickel deposit! Twiggy installed Neil as the head geologist there in 2007. Within 12 months he had discovered Cerberus – the first discovery within the Windarra Belt since 1971. Prior to Poseidon, he was the Jubilee Mines geologist, worked with Troy Resources, and managed nickel exploration at the Cosmos Nickel Project.

MPJ_MAIN_037

His expertise doesn’t end with the discovery phase either – he has also taken several deposits through to mining, production and profits. With over 18 years’ experience and an impeccable nickel pedigree, we couldn’t think of anyone better to lead MPJ in their nickel quest. And guess what... Neil is also taking partial payment in MPJ shares. Another hint.

MPJ_MAIN_038

Our Track Record

Regular readers are well aware of The Next Oil Rush ‘tip of the decade’ – TSX:AOI – Back in February 2012 The Next Oil Rush called it at around CAD$1.8 and has been as high as CAD$11.25 since – that’s over 600%!

MPJ_MAIN_050

The past performance of this product is not and should not be taken as an indication of future performance. Caution should be exercised in assessing past performance. This product, like all other financial products, is subject to market forces and unpredictable events that may adversely affect future performance.

New Star in the Fraser Range?

MPJ’s Fraser Range East Project will be the immediate exploration focus. This is the project that’s wedged between Sirius and Fortescue... And just 70 km from Sirius’ mammoth Nova-Bollinger resource of 14.6 million tonnes at 2.2% nickel. Sirius’ market cap is almost $300 million... and Fortescue’s is well over $16 billion. Then there’s little of MPJ in the middle, currently valued at just $7 million and about to embark on a comprehensive nickel hunt. That’s just their Fraser East project... Nova-Bollinger itself is actually surrounded by Fraser East, Fraser West and Roe Hills... All 100% owned by MPJ. That’s a little something we like to call reverse nearology!

Dingo Range Rocks

MPJ’s Dingo Range holdings cover 326 km 2 . It’s not just any 326 km 2 – it comprises two projects that are joined at the hip to Rox Resources and their multiple and expanding nickel deposits. This is illustrated nicely in the map below:

MPJ_MAIN_040

Rox is current valued at $37 million... almost 10 times MPJ... Rox’s Camelwood deposit already boasts a sizeable resource of 1.6 million tonnes grading 2.2% nickel – that’s the same high grade as Sirius’ Nova-Bollinger. At the Cannonball Prospect Rox has intersected 4.5% nickel... And at Musket, just weeks ago, Rox hit a whopping 19.5% nickel . MPJ have all this at their fingertips – the next crucial steps are proving up something worthwhile on their ground. By undertaking some comprehensive exploration work and drill campaigns, they should be on their way.

MPJ_MAIN_041

Mining Projects Group

ASX:MPJ

To stay up to date with all the latest MPJ news, follow them on Twitter or like them on Facebook .

Our Track Record:

Did you see The Next Oil Rush report on Swala Energy (ASX:SWE)? SWE has traded as high as 150% since:

MPJ_MAIN_042

The past performance of this product is not and should not be taken as an indication of future performance. Caution should be exercised in assessing past performance. This product, like all other financial products, is subject to market forces and unpredictable events that may adversely affect future performance.

Nickel Supply/Demand Imbalance

Despite a recent pullback, nickel prices are surging... and it has been for the better part of five months. Multiple economists believe that Indonesia’s unprocessed export ore ban is likely to have a sustained positive impact on nickel prices – by causing supply to dry up. Indonesia banned exports of nickel ore grading less than 4% nickel earlier this year . This ban completely changed the fundamentals of the nickel market, which had been oversupplied in previous years. Indonesia accounted for around 1/5 th of total global nickel supply – quite a big void to fill. And it won’t be easy to replicate the Indonesian supply – an Indonesian processing industry wont spring up overnight :

MPJ_MAIN_043

With demand also picking up, and long term fundamentals rock solid, nickel is widely tipped to be one of the best performing commodities in the coming decade:

MPJ_MAIN_044

MPJ_MAIN_045

This is all very good news for MPJ as it kicks of its nickel exploration campaign. There’s nothing like the whiff of a big discovery of a hot commodity to get the market excited.

Our Track Record

Did you receive the Next Oil Rush article on WHL Energy (ASX:WHN)? Since this article was released, WHN has been as high as 80%:

MPJ_MAIN_046

The past performance of this product is not and should not be taken as an indication of future performance. Caution should be exercised in assessing past performance. This product, like all other financial products, is subject to market forces and unpredictable events that may adversely affect future performance.

The Total Package

One of the best things about MPJ is its miniscule market cap – it won’t take a big discovery to get the market to sit up and take notice. Combine that with the nickel-detecting dream team from Newexco, and Neil Hutchison from Poseidon... Throw in prized tenements flanking Nova-Bollinger , Rox Resources and Fortescue... And MPJ may well become very popular soon. The dream team is currently devising the optimum exploration strategy for maximum results. Electromagnetics have been completed by Newexco at Fraser Range East, and are now underway in the Dingo Range near Rox... This will be followed by target refinement, and then by drilling... all by the absolute best in the nickel exploration industry. MPJ are doing things right, making their own luck, and we are hoping that the payoff might be big.

MPJ_MAIN_048

Mining Projects Group

ASX:MPJ

To stay up to date with all the latest MPJ news, follow them on Twitter or like them on Facebook .

Have you heard about the Next Investors VIP Club?

Joining this Club will give you free access to opportunities not normally available to general retail investors – however you must qualify as a sophisticated investor under Section 708 of the Corporations Act. These opportunities are as diverse as stock placements, seed capital raisings, IPOs, options underwritings. Plus a whole host of other high risk, high reward investment opportunities not available to the general public (careful – this stuff is high risk!). Just fill in the form and you will be alerted to the next opportunity.

The information contained in this article is current at the finalised date. The research contained in this article is based on sources considered to be reliable. S3 Consortium Pty Ltd has made every effort to ensure the information in this article is accurate, but the Firm does not make any representation or warranty that it is accurate, reliable, complete, or up to date. S3 Consortium accepts no obligation to correct or update the information or opinions in it.

Have you heard about Raisebook?

Joining Raisebook will give you free access to opportunities not normally available to general retail investors – however you must qualify as a sophisticated investor under Section 708 of the Corporations Act.

These opportunities are as diverse as stock placements, seed capital raisings, IPOs, options underwritings. Plus a whole host of other high risk, high reward investment opportunities not available to the general public (careful – this stuff is high risk!).

Are you a sophisticated investor?
Find out more
Please note: Raisebook is a related entity of S3 Consortium Pty Ltd as defined in Section 9 of the Corporations Act 2001.