The Picha Project (100% Valor) is a Copper-Silver exploration project, located in the Moquegua Department of southern Peru. Picha is a 3,000 hectare exploration concession, which lies approximately 17km south of Buenaventura's San Gabriel Gold Porphyry Project, which reports indicated and inferred resources of approximately 12.5 million tonnes of gold with average grades of 6.5 g/t Au (circa. 2.5 million ounces). Picha's exploration history includes 2 field sampling exercises and geophysical surveys. The geophysical program comprised 158.22 line kilometres of Magnetic surveys and 65.5 line kilometres of induced polarization surveys, targeting disseminated and semi-massive copper sulphide mineralization to maximum depth of approximately 300 metres. More information coming soon.
Investors
Valor Resources Ltd is listed on the Australian Stock Exchange as VAL:ASX
Valor Resources Limited is an Australian company listed on the ASX under the ticker symbol VAL. Valor is engaged in metals exploration and project development, primarily the Berenguela copper-silver deposit in the Puno Department of southern Peru.
In recognising the need for the highest standards of corporate behaviour and accountability, the Board supports and has adhered to the principles of sound corporate governance. The Board recognises the recommendations of the Australian Securities Exchange Corporate Governance Council and has adopted the fourth edition of the Corporate Governance Principles and Recommendations. The Board considers that Valor Resources Limited is in compliance with these guidelines to the extent possible given the size and nature of its operations. The Board is guided by the principles and practices that are in stakeholders’ best interests while ensuring full compliance with legal requirements.
In pursuing its commitment to best practice governance standards, the Board will continue to:
Review and improve its governance practices; and
Monitor global developments in best practice corporate governance.
The consolidated entity’s Corporate Governance Plan for the financial year ending 30 June 2021 was approved by the Board on 30 September 2021. You can download our full corporate governance plan below.
Mr Bauk is an experienced company director with over 14 years’ experience as a listed company director in Australia with the resources industry in both production and exploration with assets in Western Australia, Australia and internationally.
He is an experienced executive, with 30 years’ experience in the resources industry. Mr Bauk holds a Bachelor of Business (Accounting and Finance) from Edith Cowan University, is a Fellow of the CPA and has an MBA from the University of New England. Mr Bauk has held global operational and corporate roles with WMC Resources and Western Metals. Mr Bauk has a strong background in strategic management, business planning, building teams, finance and capital/debt raising (over $350m), and experience with a variety of commodities in particular rare earths, gold, uranium and industrial minerals.
Mr Bauk has overseen a number of uranium exploration projects in the US, Tanzania and Western Australia, partnering with Areva in Western Australia whilst being Managing Director of Northern Uranium (prior to transitioning to Northern Minerals). In 2006, Mr Bauk was focussed on the southern Tanzanian region which was the region which was known for the successful Mkuju River discovery by Mantra Resources.
During his time as managing director of Northern Minerals, he led its rapid development from a Greenfields heavy rare earth explorer to one of a few global producers of high value dysprosium outside of China.
Mr Bauk is a passionate member of the WA resources industry having previously held a number of senior governing positions with the Chamber of Minerals and Energy including Vice President.
Mr. McMaster has almost 20 years’ experience in the area of corporate reconstruction and turnaround and performance improvement and 20 years in the mining industry. Mr. McMaster’s experience includes founding Highfield Resources, an ASX listed potash company with projects in Spain as well as numerous reorganisations and the recapitalisation and listing of 12 Australian companies. Mr. McMaster’s career to date includes significant working periods in the United States, South America, Asia and India. Mr. McMaster was a founding director in venture capital and advisory firm, Garrison Capital Pty Ltd, and is also currently a director of a number of ASX listed companies.
Ms. Smith is a finance professional with over 12 years’ experience and is presently a director of a consulting and secretarial advisory firm specialising in business advisory, consulting and back office support (finance and secretarial) to SMEs and ASX listed entities. Prior to that Ms. Smith held senior roles in advisory firms KordaMentha and Ernst & Young. Ms. Smith holds a Bachelor of Commerce/Law (Hons), is a qualified Chartered Accountant and a Graduate of the Australian Institute of Company Directors.
Mr. Billingsley has over 37 years’ experience as a listed company director in Canada in the resources industry from exploration through to production in both oil and gas and mining. He has global experience having worked on projects located in Canada, the US and Africa.
With 48 years’ experience in the resources industry. Mr Billingsley holds a Bachelor of Science Advanced degree in geology from the University of Saskatchewan, in Canada. He also obtained his Chartered Accountant designation and currently also holds designations as both a Professional Engineer and Professional Geoscientist. Mr Billingsley has held several operational and corporate roles from Chief Mine Geologist to President and CEO of both small and large public companies. Besides a strong technical background, he has extensive experience on the corporate financial side including fund raising and serving on board committees including Audit, Compensation, Corporate Governance and Environment, Health and Safety committees. His public company experience covers commodities including oil and gas, base metals, gold, diamonds, uranium, potash and rare earths.
Some highlights of Mr. Billingsley’s career include leading the team that put Saskatchewan’s largest gold mine into production, still producing after 29 years; discovering several diamond-bearing kimberlites in Saskatchewan, one of which has now completed final feasibility; playing a major role in taking a junior potash company public, that was subsequently purchased by BHP; and establishing one of the first companies to recognize the importance of developing rare earth projects outside of China including downstream capacity.
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Lodgement of Prospectus with ASIC
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Warning
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