John Hillam

John Hillam is a qualified geologist and has considerable expertise in mineral exploration from his previous involvements with magnetite deposits at and surrounding Razorback Ridge and gold projects in the Olary Province of SA. Mr Hillam holds a Bachelor Degree in Science and Honour Degree in Geology from the University of Adelaide in 1975 and Graduate Certificate in Australian Migration Law and Practice in 2008. His Honour’s thesis was based on field work undertaken at Broken Hill NSW which was funded by the Broken Hill Mine Managers Association and is very familiar with the Olary region and other areas in South Australia.

Experience

Mr Hillam held exploration positions with Newmont Mining at Telfer in WA in the pre and post mine construction phase in the mid 1970’s, worked with Getty Oil in Base Metal and Oil Exploration Projects in the Officer Basin of SA, an Oil Shale Project at Dalhousie Springs in SA, a Uranium Prospect at Yuendumu NT and numerous other projects in SA and NT. In the 1990s, he founded the CFM Group whose business was computer software publishing with close links to US market leaders. He was the managing director at the CFM group in Australia for almost 20 years.

Mr Hillam has 45 years of multi-disciplinary experiences in geology and international business management consisting of marketing, legal, accounting, finance and people management in Australia and more than 6 years in the US. His substantial expertise in the mining, computer and software industries brings a unique array of skills to the work of marrying new ground penetrating electro-magnetic resonance imaging to target geological strata with surveying technology to give the Company a rapid, expert appraisal of the mineral content of its ore bodies.

Mintech resources pty ltd

In 2008-09 Mr Hillam was the Geologist & Project Manager of Mintech Resources Pty Ltd. His work was responsible for the initiation and sale of Mintech’s premier resource Razorback Ridge Iron Project to Royal Resources for $30million with a second option agreement for its leases to the north and south of Razorback Ridge for another $10million.

In September 2009 after leaving Mintech Resources P/L upon the successfully completion of the Razorback Ridge sale, Mr Hillam founded Wentworth Metal Group (WMG). Mr Hillam is the CEO and a director at WMG whose aim is become a major iron-ore producing company whose main focus is in the Olary region of SA.

Australian metals group ltd

CORPORATE & INTERNATIONAL BUSINESS EXPERIENCE

In 2010 Mr Hillam was instrumental in founding Australian Metals Group Limited which holds approx. 4000 square kilometre of prospective IOCG tenements in the Woomera Defence Green Zone mainly in the area northeast of Tarcoola SA and nearby to the Indian Pacific Railway.

AMG purchased four leases from Dominion Gold NL one of which surrounds the Western Plain Resources Giffen Iron Project and contain considerable extensions of this resource. Currently AMG holds 471 million tonnes Inferred Mineral Resources (JORC) of magnetite iron ore which grades 32% iron in Bulgunnia Project which is next to Giffen Well.

Highlights of the Bulgunnia Project are:

The integrated project will consist of an open pit iron ore mine and concentrator at Giffen Well, an open pit coal mine and power station at Penrhyn that will supply low cost energy to the iron ore operation, development of local services and infrastructure, construction of a rail spur line that will connect to the Central Australian line near the Carnes siding, and the construction of rail receivable, storage and out-loading facilities on the Company’s land at Port Pirie.
The project is underpinned by a total resource estimate of 689 million tonnes at an average grade of 30.9% Fe, with 62% of the resource tonnage estimate classified as Indicated. Metallurgical test work has delivered excellent recoveries, with approximately 40% DTR mass recoveries and DTR concentrate grades of up to 68.5% Fe.
Thirteen million tonnes per annum of magnetite iron could be mined to produce 5mta Fe concentrate with low levels of impurities. A haematite concentrate will also be produced in early years while the oxide zone is mined.
AMG leases contain areas which have extensions that run for three times the length on the same anomaly as Giffen Well.
All infrastructure, railway line, railway siding, water pipeline and power to Giffen Well pass through AMG leases and are next to AMG iron ore horizons.
AMG is an unlisted Public company.

PRMSE eXPLORATION technology

In 2010 -11 Mr Hillam was the first to use the PRMSE technology from Ukraine at a number of its projects in Australia which was able to remotely define several new Iron ore sites and ore bodies in the Olary region. These have the potential to contain 5 – 10 billion tonnes of magnetite. This information is held privately

olary iron pty limited

In 2011 Mr Hillam founded Olary Iron Pty Limited (OIL) to facilitate a farm-in agreement with Polymetals Mining Limited and Exco Resources Limited where OIL has earned a 80% interest (potential to reach 100% interest). Olary Iron tenement boundary and target horizons are within 2 kms of the Indian Pacific Railway and as such are the closest Braemar Iron opportunity to the extensive railway infrastructure and port at Port Pirie.

Olary Iron is currently undertaking addition drilling program with the aim to prove that a resource of 1.5bt to a JORC standard with 15-45% Fe where the overall exploration target is 4.2- 6.5 Billion tonnes of 15-45% Fe.

Highlights of Olary Iron are:

- An exploration target of 4.2 to 6.5 Bt at 15 to 45% Fe defined for EL 4199.
- Aeromagnetic modelling has defined numerous new drilling targets for follow-up.
- Strike length of magnetic anomaly in EL 4199 is 51.1km in total.
- Cornish Hill Project estimates 900 Mt at 15% to 45% Fe.
- Macdonald Hill Project 1-9 estimates 4,200 Mt at 15 to 45% Fe.
- This work was later suspended due to a collapse of the iron ore price in 2013/14 however it is being revisited in 2019/20 after the price has stabilized.
- November 2018 Olary Iron is in negotiations with Exco / Polymetals to purchase EL 4199

Australian tailings group pty limited (Iron Ore)

In 2011 Mr Hillam founded Australian Tailings Group Pty Limited and has steered the company through its establishment phase of exploration and development under cooperation with Wentworth Metals Group (WMG).

Iron Ore Project

ATG has identified a 5 million tonne iron sand deposit which is capable of being inexpensively recovered as 65% Fe product in several large creek systems that exists within WMG leases.

ATG intended to commence its highly profitable iron sands mining opportunities in Olary Region of South Australia in 2015. Capital raising at this stage has been restricted to director’s funds and various seed investors in Australia who are assisting the Company to meet all the requirements of compliance to date and bringing it to the point of public listing however additional capital is currently required.

Highlights of ATG opportunity are:

The works and physical inspection to date allow us to conclude there is excellent potential to develop a major sand mining operation by removing the sand from the large dry creek bed which exist in EL 4566 Area C, process them and return the processed sand back to the creek bed without any detrimental effect to the environment.
The Management of ATG completed exploration by bulk sampling in the joint venture area and establish a production process and plant with an initial capacity of 300 m3 (1,000 tonnes) per hour. An iron ore grade of between 5% – 20% Fe per cubic metre of material process is a realistic input expectation from this plant. The output of 50 -200 tonnes per hour of 65% Fe is a realistic expectation from this plant in order to generate 100,000 tonnes of product in the first 6 months so that ATG can undertake a full smelting trial.
ATG process plant does not require water. It is a dry process for separating magnetite from these sands
The grade of 5-20% Fe per m3 is the base grade for the financial calculations relating to the plant. This production target will be accompanied by an ongoing exploration programme to seek and develop further resources within the concession area.
ATG iron sands project will generate a positive cash flow in excess of $100m pa.
A decline in the iron ore price has placed this project on hold.

Australian tailings group pty limited (Gold)

In 2015 Australian Tailing Group purchased 4 ML at Teetulpa Gold mine covering 26 hectares

In 2105 Teetulpa Metals Pty Ltd purchased 100% of the shares in Australian Mining Pty Ltd which owned 67% of Teetulpa Alluvial Joint Ventura (TAJV) Goldus Pty Pld owned 33.3% of the TAJV

In 2017 ATG purchase Ml 5470 the remaining ML at Teetulpa to consolidate 100% control of the Teetulpa project

In 2018 Mr Hillam acquired 100% of its TAJV partner Goldus Pty Ltd which is due to be completed in 2019

In 2019 and wholly owned Hillam Keneko (100% Hillam) purchase EL 5895 which is 160 sq kms exploration licence surrounding the 13 MLs at Teetulpa

Teetulpa Alluvial Gold Project contained and estimated 250,000 ounce of Gold as alluvial sediments contained within the top 4 meters of the surface. The Au material is an unconsolidated alluvial silty gravel sediment that can be easily separated by a wet gravity plant.
The Teetulpa Group of companies currently operate a 100 tph autonomous gravity wet plant which can recover Alluvial Au from the estimated 10 million tonnes of alluvial materials present at Teetulpa. The group owns 100% of the processing plant at Teetulpa which is unencumbered.
The Teetulpa Group has access to large ranges of earth moving equipment which it owns 100% unencumbered and other earthmoving equipment that it has hired from Major Suppliers.
The Teetulpa Group awarded the initial a mining and screening contract to King Sound Contracting (a company owned by Noel Selsmark in WA) to mine, screen and produce 50,000 tonnes of alluvium per month.

Teetulpa is the group’s first operating mine with a project turnover of $50m-$80mpa

wentworth metal group and blackfire resources

WMG and Blackfire Resources have 4 other joint venture agreements covering other tenements in mid and far north of SA which have base metal and gold opportunities.

These leases were surrendered in 2017- 2018

wentworth metal group OIL SHALE acreage

Additionally WMG has vast OIL Share potential reserves in the Arckaringa Basin because of WMG 50% interest in Blackfire and Menzel which control two of the largest and strategically located PELA leases in the Arckaringa Basin (15% of the basin’s total area).

Highlight of the WMG-Blackfire PELA’s are;

Potential for 43 billion barrel of oil equivalent (BOE)*
15% of the total Arckaringa Basin area and 15% or more of the Oil and Gas potential.
7,000 square kilometres in the centre of the Arckaringa basin and approx.
4200 square kilometres of the south-western parts of the basin and the Prominent Hill mine area.
Smaller but multiple coal occurrences which add to the potential for OIL or Oil Equivalent occurring in its areas.
Linc Energy are the only party with large scale (85%) holding in the Arckaringa basin.
Based on the Linc Energy announcement on the 23rd January 2013
Linc Energy is in Administration as of April 2016

Other Mining opportuniites

Mr Hillam additionally owns 100% of any potential royalty’s revenue Magnetite Mines Limited is obligated to pays to Goldus Pty Ltd from iron ore production associated with the 2010 Goldus sale of its former iron ore tenement and mineral leases to MML at that time.

MaNagagment initiatives

In July 2011 Mr Hillam hosted Mr Wang Xueli President of Tianjin The leader Group, Co Ltd and its delegation to Australia and the Olary Province SA. Mr Wang Xueli and his SOE have a commitment to invest USD $10 Billion into an iron ore project in Liberia.

Also in 2011/12 Mr Hillam undertook an extensive marketing campaign throughout India to gage the appetite for iron ore projects in Australia and made extensive and valuable contacts with a number of large scale mining and industrial groups.

New opportunities 2019

Gold refining and minting business. This business is being set up in Sydney to initially produce 7kg/per day of bullion and 9999 gold coins.