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When capital meets the coast: JMM’s Noosa Investor Lunch showcases ASX growth

JMM’s annual Noosa Investor Lunch brought together ASX and pre-IPO companies with over 160 investors in attendance.

Special Report: Set against the vibrant backdrop of Noosa, Jane Morgan Management hosted its annual Investor Lunch on July 24.

  • Emerging companies connected with investors at Jane Morgan Management’s Noosa Investor Lunch
  • Rapid-fire 10-minute pitches showcased ASX and pre-IPO opportunities
  • Resources, biotech, and tech stories drew strong investor interest

Now in its annual rhythm, this year’s event brought together 12 ASX-listed and pre-IPO companies, each delivering powerful 10-minute pitches to a high-quality audience of over 160 brokers, fund managers and high-net-worth investors.

This year, the lunch was proudly sponsored by Alpine Capital, a sophisticated investment and advisory firm focused on emerging opportunities. Alpine’s backing ensured the event remained not just well executed but placed at the centre of meaningful investor discovery.

New Murchison Gold (ASX:NMG)

CFO Derek Humphry presented New Murchison Gold’s strategy as the next gold developer in WA’s Murchison region, targeting high-grade discoveries.

NMG holds a substantial package of tenements in the prolific Murchison goldfield near Meekatharra, Western Australia.

The Company is focused on the Garden Gully Gold Project which comprises a 677km2 tenure package covering the Abbotts Greenstone Belt and other key regional structures. The project has multiple gold deposits along the belt with the most advanced being the Crown Prince Deposit. Gold mineralisation in the belt is controlled by major north trending structures and contact zones between felsic and mafic metamorphosed rocks.

Highlights:

  • Mining Proposal and Mine Closure Plan approvals received
  • Major Contracts Executed 
  • Site Mobilisation and Operational Preparation underway
  • First blast completed at Crown Prince 

What’s Next:

  • Timing of first gold-in-ore sales on track for September 2025

Why Watch:

  • Early-stage gold production project with outsized discovery potential in a proven WA gold province

NMG CEO Alex Passmore presenting Crown Prince Development Underway & $15M Capital Raising - June 2025.

Kincora Copper (ASX:KCC)

President and CEO Sam Spring outlined Kincora Copper’s strategy as a project generator targeting copper–gold discoveries across NSW’s prolific Macquarie Arc. Finding a giant porphyry is one of the biggest prizes in mineral exploration but it requires significant investment, so Kincora has adopted a funding model that allows partners to earn-in at the asset level and for it to receive a management fee income stream.

Highlights:

  • $110 M of JV-funded drilling in process (AngloGold Ashanti, Fleet Space, Earth AI, Orbminco)
  • Several projects are now in advanced JV stages with ongoing drilling

What’s Next:

  • Drill results anticipated in late 2025
  • Progressing new JV agreements; funded pipeline cycle to continue

Why Watch:

  • Fully financed drills and pipeline generate self-funded discovery potential without share dilution

Blackstone Minerals (ASX:BSX)

Blackstone Minerals (ASX:BSX) is positioning itself as a major copper-gold developer in Southeast Asia following its transformational merger with IDM International, acquiring the world-class Mankayan Copper-Gold Project in the Philippines. One of Asia’s largest undeveloped porphyry systems, Mankayan significantly enhances Blackstone’s scale and strategic value, complementing its Ta Khoa nickel-cobalt project in Vietnam.

Led by a proven team with deep expertise in Southeast Asia and underground bulk mining, Blackstone is advancing a clear development strategy aimed at unlocking district-scale growth, with multiple value catalysts anticipated in 2H CY25. Scott Williamson, Managing Director, highlighted Blackstone Minerals’ Mankayan project in the Philippines, a large-scale multi-commodity porphyry opportunity.

Highlights:

  • $22 M capital raise backed by Macquarie
  • Visible gold encountered in early drilling
  • 50,000 m drill campaign for next 18 months underway

What’s Next:

  • Ongoing drilling, JV farm-in discussions to support stage-2 drilling
  • Upcoming assays and resource update expected late 2025

Why Watch:

  • High-grade asset in favourable jurisdiction with deep-pocketed backing and proven growth strategy

Pursuit Minerals (ASX:PUR)

Pursuit Minerals’ (ASX:PUR) Managing Director Aaron Revelle, highlighted the company’s focus on advancing the Rio Grande Sur Lithium Project in Salta Province, Argentina.

Located within the prolific Lithium Triangle, the project hosts a JORC Mineral Resource of 1.1 million tonnes of lithium carbonate equivalent (LCE) at 505.8 mg/L Li, with strong potential for expansion. Pursuit has successfully commissioned a 250tpa pilot plant producing 99.5% purity lithium carbonate and is progressing toward larger-scale production through a phased, capital-efficient strategy. The project benefits from established infrastructure access and Argentina’s supportive fiscal and permitting framework. In parallel, Pursuit is actively evaluating complementary acquisition opportunities across Argentina, predominantly in precious metals. Pursuit offers investors direct exposure to the re-rating of Argentina’s vast emerging resource potential, positioning itself as a pure-play on the resurgence of one of the world’s most prospective but underexplored mining jurisdictions. Its leadership team brings proven expertise in project execution and value creation.

Highlights:

  • Resource upgrade to 1.1 Mt LCE @ 506 mg/L Li—an increase of 339%
  • Stage1 drilling: DDH1 returned up to 620 mg/L at 115–117 m; DDH2 yielded 500–510 mg/L Li at 60–160 m
  • Pilot plant producing 250 tpa of battery-grade lithium carbonate, hitting 99.5+% purity

What’s Next:

  • Resource expansion drilling—including Mito tenement—planned for H2 2025
  • PFS expected by mid2026; expanded pilot throughput CD stage
  • Offtakes in negotiation with multiple sample requests documented

Why Watch:

  • Tier-1 Argentine brines with real commercial traction, commanding a re-rate opportunity vs early LCE producers

McLaren Minerals (ASX:MML)

McLaren Minerals (ASX:MML) is an exploration company focused on the future development of our high-value McLaren titanium project in the Eucla Basin of Western Australia. Titanium is considered a critical mineral and is essential for aerospace, defence and energy technologies Managing Director Simon Finnis outlined McLaren Minerals’ development of a 280Mt TiO₂ mineral sands resource in Western Australia.

Highlights:

  • PFS underway; assays from latest drilling expected Q4 2025
  • Preliminary tailings and metallurgy confirmation delivered; offtake discussions launched

What’s Next:

  • Final PFS in Q1 2026; tenure securement, permitting path in progress.

Why Watch:

  • Near-term, low-cost mineral sands operation in a stable tier-1 mining region with robust environmental credentials

Osmond Resources (ASX:OSM)

Managing Director and CEO Anthony Hall presented Osmond Resources, an ASX listed company focused on fast-tracking the development of critical minerals important to the EU.

Its flagship project, the Orion EU Critical Minerals Project, has the potential for very high-grade, high-value and high-tonnage. Drilling activities are expected to commence shortly that could quickly establish this project as a desperate needed significant resource for Europe.

Highlights:

  • Company is targeting high-valuevalue rutile (titanium), zircon/hafnium, and rare earths
  • Outcrop samples contain over 45% Total Heavy Minerals (THM)
  • Looking to fast-track development activities to take advantage of EU regulatory support where it has two of 17 strategic critical materials as designated by the EU

What’s Next:

  • Drill permit secured 
  • Maiden drilling to commence this quarter to confirm continuity and grade

Why Watch: 

  • Multi exposure to critical future facing minerals, with macro industry tailwinds
  • Could be the next significant resource in Europe

QMines (ASX:QML)

Executive Chairman Andrew Sparke presented Qmines, a brownfields copper-gold and silver developer at Mt Chalmers, QLD.The Company owns 100% of the Mt Chalmers (copper-gold) and Develin Creek (copperzinc) deposits, located within 90km of Rockhampton in Queensland. Mt Chalmers is a high- grade historic mine that produced 1.2Mt @ 2.0% Cu, 3.6g/t Au and 19g/t Ag between 1898-1982. Following several resource updates, Mt Chalmers and Develin Creek now have Measured, Indicated and Inferred Resources (JORC 2012) of 15.5Mt @ 0.82% Cu, 0.35g/t Au, 0.47% Zn & 5g/t Ag.

Highlights:

  • Mt Mackenzie resource upgrade: 151koz gold and 902koz silver
  • Scale-up of planned production to 2Mtpa with simplified bulk flotation and high recoveries
  • QMines’ hub-and-spoke strategy and progress toward a centralised processing facilit

What’s Next:

  • Upcoming catalysts including updated PFS, drilling results and development milestones

Why Watch:

  • A high-margin brownfields copper-gold project with enviable economics and expansion potential in the right region with the right neighbours

Uvre Limited (ASX:UVA)

Executive Chairman Brett Mitchell presented Uvre, Companyunlocking the untapped potential of New Zealand’s under-explored gold regions through the acquisition of a highly prospective portfolio of gold projects..

Highlights:

  • Backed by prominent mining executive Norm Seckold—founder of Santana Minerals and chairman of multiple ASX-listed resource companies—who has become Uvre’s largest shareholder and a board member
  • The flagship project, Waitekauri, is located just 8km from OceanaGold’s 10Moz Waihi Mine on the North Island and is surrounded by several other multi-million-ounce deposits
  • Waitekauri boasts historical production grades of 48g/t Au+Ag and numerous high-priority drilling targets, positioning it as a tier-one exploration opportunity. 
  • Four additional gold exploration projects across New Zealand’s North and South Islands

What’s Next:

  • Drilling program targeting high grade gold across the projects 

Why Watch:

  • Great neighbours in a great location known for developing gold production and gold enriched mineralised systems

Challenger Gold (ASX:CEL)

Challenger Gold (ASX: CEL) is a gold and copper exploration company. Challenger Gold's aspiration is to become a globally significant gold producer.

The Company is developing two complementary gold/copper projects in South America with a 2.8 million ounce resource estimate recently announced for the Hualilan Gold Project in San Juan, Argentina. In the 100% owned portion of its El Guayabo project in Ecuador the Company has announced a maiden 4.5 million ounce resource estimate.

The Company strategy is for the 100% owned Hualilan Gold Project to provide a high-grade low capex operation in the near term while it prepares for much larger bulk gold operations at both Hualilan and El Guaybo in Ecuador. Managing Director Kris Knauer presented Challenger Gold’s focus on the Hualilan gold porphyry in Argentina, home to ~2 Moz resource.

Highlights:

  • JORC resource defined; drilling underway for expansion
  • Investor interest growing as scale and grade improve

What’s Next:

  • Drilling to expand resource; PEA planned by H2 2026

Why Watch:

  • Advanced-scale gold asset in price-friendly Argentina, with proven mineralisation and blue-sky exploration

Commerce Resources Corp. (TSX-V:CCE)

Commerce Resources (TSX-V: CCE) is focused on developing the Ashram Rare Earth Deposit in Québec, Canada—one of North America’s largest rare earth deposits. The company is well-positioned in Québec, a top-tier mining jurisdiction with strong infrastructure, to supply critical minerals to Western markets.

Commerce is merging with Mont Royal Resources (ASX: MRZ) to form a combined company holding the Ashram Rare Earth and Fluorspar Deposit, the Eldor Niobium Project, and the Northern Lights Lithium Project.

The new company will be dual-listed on the TSX Venture Exchange and Australian Securities Exchange, enhancing capital access and investor reach. Backed by a refreshed Tier-1 team and with an updated Preliminary Economic Assessment underway, the combined company is strategically positioned to advance critical mineral development. Nicholas Holthouse, CEO, presenter for Commerce Resources spoke about the Company’s ambitions to Develop the Ashram Rare Earth & Fluorspar Deposit in Quebec.

Highlights:

  • Resource: 73.2 Mt @ 1.89% TREO (Indicated), 131 Mt @ 1.91% TREO (Inferred)
  • Concentrate (SGS Canada): 30–35% TREO at 60–70% recovery
  • PFS process flow simplification underway, with prep for mid2025 delivery

What’s Next:

  • Finalisation of flowsheet; full PFS by mid2025
  • Offtake/jv discussions with European/North American partners

Why Watch:

  • Western rare-earth supply solution for NdPr feedstock—catering to global clean-energy needs

Pilot Energy (ASX:PGY)

Pilot Energy (ASX:PGY) is a junior oil and gas exploration and production company that is pursuing the diversification and transition to the development of carbon management projects, production of hydrogen and clean ammonia for export to emerging APAC Clean Energy markets.

Pilot intends to repurpose and leverage its existing oil & gas operations and infrastructure to cornerstone these developments. Pilot is proposing to develop Australia's first offshore CO2 Storage Project through the conversion of the Cliff Head Oil field and associated infrastructure from oil production to CO2 Storage as part of the Mid West Clean Energy Project. Declaration as a Greenhouse Gas Storage Formation by the Commonwealth Government has been awarded.

Pilot is the 100% owner and operator of all the onshore operating assets and infrastructure of the Cliff Head Oil Field and subject to Commonwealth regulatory approval is acquiring 100% interest in the offshore Cliff Head Oil field and infrastructure.

Pilot is also the 100% owner and operator offshore Greenhouse Gas Storage Assessment License G-12AP and offshore petroleum exploration permit WA-481-P with a Prospective resource of 1,116 Bcf (Gas) and 18 mmbl (Condensate) mean estimate - both located offshore Western Australia adjacent to the Cliff Head CCS Project. Non-executive chairman Greg Columbus presented Pilot Energy, the Owner of the Cliff Head oil & gas platform, as it transitions to a CCUS hub.

Highlights:

  • Infrastructure valued at US$820M; a farm-out of over US$200M with a Korean consortium is nearing completion.WA’s most advanced CCUS infrastructure

What’s Next:

  • JV completion, baseline assessments, then Stage-1 injection trials
  • CCS permitting and regulatory engagement

Why Watch:

  • Australia’s first advanced CCUS opportunity with heavy infrastructure and strategic partners; mirror of global decarbonisation playbooks

Alicanto Minerals (ASX:AQI)

Alicanto Minerals (ASX:AQI) is a junior explorer backed by a world class team with a proven track record in sourcing high-quality opportunities and unlocking value through well-funded, technically driven exploration programs.

Alicanto is progressing its two-pronged strategy to drive growth, by reviewing high-potential project acquisitions opportunities while progressing exploration in Sweden

Alicanto is targeting precious and base metal projects in tier one jurisdictions as part of its project acquisition growth strategy.

Alicanto’s current exploration efforts are focussed in the highly prospective Bergslagen mining region of Sweden where it holds two key projects near the historic mining centres of Falun and Sala.  The company has defined a silver zinc resource at the Sala project and has identified advanced targets at both Falun and Sala. Executive Chairman Ray Shorrocks highlighted Sweden-based copper-silver assets centred on Fallun and Sala.

Highlights:

  • 2024 target generation at Falun identified multiple drill-ready copper-gold-silver zones
  • Sala: assays include 1.3 kg/t Ag + 0.8% Zn over 1.1 m; recent core reassays show 259 g/t Ag and up to 65 g/t in extensions

What’s Next:

  • Upcoming diamond drilling at Falun and Sala targeting structural extensions
  • Field mapping and geophysics in progress; securing partners for expedited exploration

Why Watch:

  • Low EV exposure to valuable EU-located copper-silver with substantial historical upside and minimal sovereign risk

This article was developed in collaboration with Jane Morgan Management, a Stockhead advertiser at the time of publishing. 

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

Originally published as When capital meets the coast: JMM’s Noosa Investor Lunch showcases ASX growth

Original URL: https://www.adelaidenow.com.au/business/stockhead/when-capital-meets-the-coast-jmms-noosa-investor-lunch-showcases-asx-growth/news-story/e44e2444b5427768162174cef79693b2