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Meeting Overview The meeting was a live investment summit for Stepgold, where executives provided a mid-year update on the company's progress, including production status, financial health, and future plans for exploration and expansion in Mongolia. Key highlights included the successful restart of production and the initiation of drilling at the Udham-Hundi project. Key Discussion Points - Overview of Stepgold's history and achievements since its inception in 2016. - Update on the ATO mine's production, including the successful restart in March 2023. - Introduction of the Udham-Hundi project and its significance as a new exploration license. - Discussion on the company's financial structure, including share distribution and institutional support. - Insights into the mining landscape in Mongolia, particularly in relation to Rio Tinto's investments. - Future plans for production expansion and exploration activities. Decisions Made - No explicit decisions recorded. Action Items & Next...
Executive VP & Director at Steppe Gold
Aneel is EVP and Director of Steppe Gold, and a ï¬nancial services professional with 15 years of progressive experience in capital markets having worked on over $1B in deals. He is the founder of ATMA Capital Markets, focusing on advising public and private companies in the Natural Resources sector. Aneel holds an MBA from the Goodman Institute of Investment Management at John Molson School of Business.
Senior Vice President and Chief Financial Officer at Steppe Gold
Jeremy was a director of Steppe Gold from March 2017 until his appointment as CFO in July 2018. He has over 35 years of experience in M&A, including senior positions in investment banking at Deutsche Bank, NatWest Markets and Deloitte. He also has over 11 years of experience working in Mongolia. Jeremy is a Chartered Accountant and holds a Bachelor of Economics degree from Monash University (Australia). He holds the ICD.D designation as a graduate of the Institute of Corporate Directors.
Chief Operating Officer at Steppe Gold
Greg was a Systems Accountant with over 12 years extensive experience in financial reporting, financial analysis, developing key performance indicators and modelling of financial reports over a number of industries including transport, media and infrastructure and held management positions at Asciano and Patrick Stevedores. Greg was appointed Chief Operating Officer in 2016 and established Steppe Gold into a world class fast track low-cost operating gold mine. Directing all stage 1 development and operational readiness, he oversaw all operations to successfully commence production in 2020. He is responsible for all daily onsite operations and development of the Phase 2 expansions.
Speaker 1: Hello, everyone, and welcome to Stepgold's live investment summit today. I'm joined by Anil Warach, Executive Vice President and Director, Jeremy South, Senior Vice President and CFO. Speaker 1: And coming on the call later is Greg Wood, Vice President of Operations. He's on site today. But as a reminder, before I hand things over to Anil, I'd like to make sure that everyone in the audience is aware that you can submit questions using the Q&A tab found on the right-hand side of your screen for the Q&A that's going to follow today's presentation. Speaker 1: As always, this summit is being recorded and will be available to watch on six.com in the coming days without further ado, and Neil, I wanna hand things over to you, get us started. Speaker 2: Great, thanks Cam. Speaker 2: And thank you everyone for taking the time to get the Speaker 2: mid-year update and we look forward to your questions as well. Speaker 2: Usual disclaimer but again I'll just really quickly highlight for anyone who may be new to the SEP story, obviously I think most of the people here are investors already or walked in the story, but we started the company at the end of 2016 as a private company Speaker 2: with the goals and aspirations of building Mongolia's premier precious metals company. In 2017, we acquired the 2 assets that we own today. Speaker 2: 1 being the ATO mine, which is now in production, in commercial production and expanding into our phase 2 over the next 18 to 24 months. And our 2nd project is the Udham-Hundi Speaker 2: project, which is a 14, 400 Speaker 2: hectare exploration license that we've just started drilling for the 1st time ever. So we're the 1st owners and the 1st team to drill on this project. So it's a highly prospective Speaker 2: exploration license t...