Allan Kelly - An Insight into a Mineral Explorationist : A Practical Eternal Optimist

Coffee with Samso, Episode 198, brings a new perspective to the Coffee with Samso conversations. In this first episode we bring a delve into the thoughts of Allan Kelly, Executive Chair of Miramar Resources Limited (ASX: M2R).

The life of an executive in the small mineral exploration is busy and stressful. Those that are out there trying to make an economic discovery are constantly under the spotlight. .

In my five years of establishing the Coffee with Samso series, Allan Kelly strikes to me a a true mineral explorationist. To those that have followed the Samso journey and have watched Allan share his projects in Miramar Resources Limited, you will know that he speaks with great sincerity.

Our conversations on the Samso platform (see below for previous conversation) are always long form and it has always offered a great insight to the reasons why Alan is so passionate in the potential discovery. When you watch and listen to Allan talking about the projects, there is no doubt that he is enthusiastic nature is wanting the viewers to know what he is doing and why he is spending money into the project.

The Insights to Allan Kelly

In this first episode of Coffee with Samso - Insights, we learn about Allan Kelly, the person. In an industry that takes no prisoners, it is hard for investors to know who is actually really trying to make a discovery. It is difficult to know if the person who is telling you the story is actually telling the truth or the real facts.

I have been an investor in this industry since my university days in 1987 and have been a willing participant in the mineral industry since 1992. Like everyone who is working in the mineral exploration industry, we are all trying to make that economic discovery. The rate of success is not very high and as Allan mentioned in the first minute of the introduction to this episode, that rate of success is very low.

So what makes us continue to work in mineral exploration? Why are the likes of myself and Allan Kelly continuing to be in the lime light and the brunt of all criticism? The questions that are being asked is why the Coffee with Samso Insights is beginning its journey.

Get yourself a coffee or your favourite beverage and watch or listen and get a better understanding of Allan Kelly:

Chapters:

00:00: Introduction

05:13 How did Allan Kelly get into this industry?

09:04 Western Mining Interview

11:40 Work with Western Mining

13:18 Is the Development of Geological Skills still a common trait?

13:44 Western Mining was Unique for the time.

15:27 What traits do you need to stay in the mineral exploration industry?

17:05 The Keys to be a Mineral Explorationist.

17:35 Don't be afraid to say you don't know something.

18:22 What is the Core Asset required to do well in the industry?

19:03 Need to have Endurance, the "Non-Technical Asset" - "Non-Geological Assets"

21:18 The Andy Well Story

23:29 The many reasons why a project may not be discovered.?

24:30 How do you decide and manage which projects to leave behind.

29:56 The lack of Mineral Exploration and Mineral Discovery.

32:24 Does Criticism Ever Affect you Negatively?

34:26 The Gidgee Project and The Paleochannel Problem.

35:11 Is it Frustrating to be misunderstood about the Gidgee Project?

37:30 How do Investors understand Exploration Results?

41:23 How to understand lack of Mineralisation strike length

42:31 What is Allan's thoughts on the Mineral Exploration sector?

43:49 Lack of Patience from Brokers

45:03 Reasons why Allan is optimistic with Nickel and the Bangemall project.

50:57 Allan's last Words.

51:26 Conclusions

Previous Conversations with Allan Kelly

1. Mineral Exploration - Creating Value Organically

2. Miramar Resources Limited (ASX: M2R) - Mineral Exploration Success - Discovery at Marylebone.

3. Miramar Resources Limited (ASX: M2R) Discovery at Gidji, Bangemall and Whaleshark

4. Miramar Resources Limited (ASX: M2R) Discovery at Gidji, Glandore and Whaleshark.

5. Miramar Resources Limited (ASX: M2R) - Surprises in the Bangemall: Carbonatites and IOCG

6. Project Updates at Miramar Resources Limited (ASX: M2R)