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Joe Webb’s journey to the helm of Felix Gold

Felix Gold Managing Director, Joe Webb, gained much of his valuable experience in developing mining operations at Mineralogy, where he was Director of Development and Environment. Clive Palmer founded Mineralogy to discover and bring into production iron ore in the Pilbara – and Joe played a critical role in their biggest deal of all time.
Felix Gold Managing Director, Joe Webb, gained much of his valuable experience in developing mining operations at Mineralogy, where he was Director of Development and Environment. Clive Palmer founded Mineralogy to discover and bring into production iron ore in the Pilbara – and Joe played a critical role in the commercial and development aspect of the Project. The operation, now known as Sino Iron and operated by CITIC Pacific Mining, is the largest magnetite mining and processing operation in Australia, and still pays enormous royalties to Mineralogy to this day – but it was just an early stage project when Joe started working on it. He managed the permitting process, through federal, state and local approvals, whilst managing the commercial aspect of the project delivery.   Joe was also a commercial manager at Rio Tinto, notably the Argyle Diamond Mine, where he was in the senior commercial team that managed the open-cut operations and was part of the development team transitioning to underground operations, and all up the mine operated for 37 years and produced more than 865 million carats of rough diamonds. Throughout his career, Joe has been surrounded by many well-renowned geologists who are responsible for some of the biggest tier one discoveries in the world. He met Andy Browne and Robert Sowerby while completing a strategic review for a resources company, and was subsequently introduced to John Main and Ross Large. Joe was part of the founding team to hunt new tier-1 discoveries in the world’s best jurisdictions, and MDF Global Limited (“MDF”) was born.  MDF is at the forefront of discovering Tier 1 metals deposits. MDF’s expert geological advisory board is responsible for some of the biggest discoveries in the world, including the 1.5Bt @ 1.5% Cu, 0.04% Mo (+Au, Ag) Resolution Deposit in Arizona USA, the 118Mt @ 10.2% Zn, 1.5% Pb, 32g/t Ag Century Deposit in Queensland, and the US$3.8 billion NPV Arrow uranium deposit discovery in Canada.  MDF is responsible for Felix Gold’s Alaskan NW Array project acquisition, which is right next door to the Kinross-owned Fort Knox mine. Felix has delivered a wealth of high-grade gold intercepts including 100.5m @ 1.14g/t Au from 21.3m, including 47m @ 1.7g/t Au from 38.1m, and 70.1m @ 1.6g/t Au from 6.1m, including 7.6m @ 6.4g/t Au from 21.3m. The project has a JORC exploration target of up to 3.6Moz.  Kinross’ Fort Knox mine produced 291Koz of gold equivalent in 2022, but mine life currently only extends to 2030. The mine has a 16Mtpa mill that is operating at just 55% of capacity and receives a head grade of around 0.7g/t Au. With an ore-hungry mill, Kinross is actively engaging in M&A to extend the mine life of their Fort Knox mine. In an exciting development, recent drilling assays from eight holes within the NW Array found extraordinary high-grade near-surface critical mineral antimony of 6.1m at 7.69% Stibnite from 3.05m including 1.52m at 28% Sb. In contrast, the largest antimony mine in the world – in China – operates at just 4% Sb. Felix’s antimony angle is particularly interesting given the US has no domestic production despite it being essential for many of their military technologies. The department of defence (DoD) is directly funding projects and stockpiling inventories In light of this, Felix is investigating low capital cost production methods that could see the company producing a concentrate or even a finished product in the near future. Joe Webb will be hosting a briefing on Felix Gold on Thursday 23rd of November at 12pm (AEDT) to discuss the multiple development pathways opening up for the company. Click here to book in or request the replay

Reach Markets have been engaged by Mine Discovery Fund Pty Ltd and may receive fees for its services. 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 Ltd and may receive fees for their services.

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