Boadicea Resources managing director Jon Reynolds outlines the visions and directions of the board that is working to grow its exploration footprint and shareholder value. Listen here to the interview.

In this interview Jon Reynolds says: “We have a good balance of talent on the board including technical, geological, managerial, legal and accounting skills, complemented by exceptional consultants who provide the additional skills to ensure a robust management delivery.

“The new board and management team is committed to a growth program from a solid base of cash in the bank, a major partner in the Fraser Range and quality assets.

“We have effectively brought in IGO’s expertise, and they are paying us, to explore for nickel on the existing assets.

“The new board has demonstrated an ability to complete transactions that deliver value for shareholders and have plans related to pursuing new opportunities.

“Boadicea’s own exploration schedule over the very promising Paterson Province Koongulla licence and two remaining Fraser Range tenements is testament, that we’re not just handing over all the work to IGO, we’re going to be pursuing and growing value in our own remaining tenements.

“I think the determination of Boadicea demonstrated its can-do approach by the new management with the purchase of the Paterson Province Koongulla tenement at a time when Boadicea virtually had no money and at the same time negotiating a deal with IGO. Those two deals certainly can’t be underestimated and all at time when the world is in the middle of a global pandemic.

“But just like those famous advertisements … and there’s more, we’re on the hunt for potential acquisitions that we are investigating.

The board’s value proposition to Boadicea shareholders?

The Boadicea board was strengthened following Clarke Dudley’s passing, in possibly the toughest market conditions in living memory.

The achievements of the Board in such a short space of time demonstrate an ability to complete deals and raise significant working capital into the company.

Shareholders have a board with long term experience in resource companies, geology, corporate, audit, and business development.

Their experience spans the spectrum of exploration activity from grass-roots exploration through to corporate strategy, company management, project management, new project generation and expansion, as well as mine geology, ore resource/reserve generation and new mine development.

IGO board member

IGO has a has the right to appoint a non-executive director. IGO has not yet indicated whether it intends to take up the right.

Thiswill unfold as the working relationship develops and the dust settles on the IGO deal and they kick up some dust in the next chapter of exploration works on the nine Boadicea tenements which are imminent to start.