Adyton Nears Q4 Gold Production in PNG While Advancing Tier-1 Feni Island
Summary
Daniela Camone interviews Tim Crossley, Managing Director of Addington Resources (ADY), about his transition from major mining roles to leading this PNG gold explorer. Crossley highlights Addington’s proximity to cash flow at the Wapolo project and its fully funded status, which allows for self-financed development of the flagship Feni Island asset. He discusses mitigating exploration risk through historical data, leveraging modern techniques, and benefiting from improved sulfide concentrate payability due to global sulfuric acid shortages.
Topics discussed
Tim Crossley's background and move to Addington Resources
Applying major mining lessons to junior exploration in PNG
Stakeholder engagement and community relations experience
Why now is the right time for investment in PNG gold
Addington's proximity to cash flow and de-risked assets
The executive team and exploration strategy at Feni Island
Future prospects and geological excitement at Feni Island
Sulfuric acid shortage boosting payability for sulfide gold
Self-funding development to avoid dilutive capital raises
Long-term success scenarios and potential exit strategies
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