Shannon Green XLR8’S the play of his career

XLR8 Metals Executive Chairman and CEO Shannon Green calls XLR8 Metals his passion project, applying the learnings of every challenge he’s overcome over 26 years in resources and the lessons learned from it.

XLR8 is nearing the final stages of an IPO to list a portfolio of exciting nickel projects in Tanzania and Sweden on the ASX. For Green, it’s the culmination of a life dedicated to resources beginning as an intrigued child seeing mining on television.

He has travelled a hell of a long way to reach this point. 

“I’ve been involved in just about every aspect of mining since starting in open-pit and underground gold mines,” Green says.

But an injury sustained while working underground took him away from all he knew up to that point in his career and on a new path beginning as doing feasibility work for the former Western Mining Corporation at its Central Norseman Gold operation in Western Australia’s Eastern Goldfields.

“It ended up being the catalyst for studying and working in numerous and diverse roles across the globe from northern Canada to the depths of West and Central Africa, to far north Queensland and the iron ore-rich Pilbara,” Green reflects.

“You see mining from many different angles when you have had the opportunity to be part of exploration and discovery through the study phase and into construction, offtake deals, and finally reaching steady-state mining.”

“XLR8 will be an opportunity to leverage an incredible amount of value from those experiences I gained through years of hard work for myself and people investing in our company.”

Green admits he has faced many challenges but takes each one as positive learning for today.

“XLR8 is an opportunity to jump in a time machine and start fresh,” Green points out between a stream of IPO-related phone enquiries.

And it has been a worthwhile journey allowing XLR8 to leverage an incredible amount of value from those experiences Greens gained through years of hard work.

What has resulted is a compellingly ambitious proposition laying out finely tuned plans to develop an integrated nickel business feeding into the rapidly growing EU Gigafactory supply chain.

“It has become even more compelling since we started pulling the IPO together in early 2022,”   Green adds.

“Having BHP drop US$100 million into the Kabanga Nickel Project located in Tanzania, while Barrick Gold talks up plans to expand its East African footprint in Tanzania, Rio Tinto revealed they are hunting for nickel — the world is suddenly aware Tanzania has turned the corner.”

X Marks the Spot

With everything going to plan, XLR8 will waste no time post-IPO, beginning boots-on-ground with exploration activities immediately and simultaneously in Tanzania and Sweden.

In Tanzania, ground geophysics and geochemical sampling will be used to define drill targets at the priority Ntaka West project, initially focussing on existing airborne EM targets on granted tenements. The same strategy will be employed at the equally important Kabanga North project.

Meanwhile, walk-up drill targets in Sweden present an immediate drilling opportunity.

“Modern geological exploration tools will enable us to see through the shallow glacial till, allowing us for the first time to identify hidden ultramafics that have a high probability of containing nickel sulphides and thus enabling us to expand our tenement footprint rapidly,” Green says. “Exploration work to date in the region has only focused on areas of outcropping ultramafics. Therefore, we see a significant upside opportunity to identify previously hidden ultramafics. 

“As we are looking to leverage into the higher value downstream supply chain in Sweden and more broadly across Europe, we will also immediately engage with the key players as we begin establishing our business and defining our resources.”

“It is essential everyone knows who we are, what we have and what they can be part of because, in our view, nickel is going to become one of the most sought-after commodities in the European Union and elsewhere around the world because there is not enough nickel supply, and the demand curve even in the most pessimistic case is vertical.

XLR8 will save time post-IPO, beginning boots-on-ground exploration activities immediately and simultaneously in Tanzania and Sweden.

In Tanzania, ground geophysics and geochemical sampling will be used to define drill targets at the priority Ntaka West project, initially focussing on existing airborne EM targets on granted tenements.

The same strategy will be employed at the equally important Kabanga North project.

Meanwhile, walk-up drill targets in Sweden present an immediate drilling opportunity.

“Modern geological exploration tools will enable us to see through the shallow glacial till, allowing us for the first time to identify hidden ultramafics that have a high probability of containing nickel sulphides and thus enabling us to expand our tenement footprint rapidly,” Green says. “Exploration work to date in the region has only focused on areas of outcropping ultramafics. Therefore, we see a significant upside opportunity to identify previously hidden ultramafics. 

“As we are looking to leverage into the higher value downstream supply chain in Sweden and more broadly across Europe, we will also immediately engage with the key players as we begin establishing our business and defining our resources.”

“It is important everyone knows who we are, what we have and what they can be part of because, in our view, nickel is going to become one of the most sought-after commodities in the European Union and elsewhere around the world because there is not enough nickel supply, and the demand curve even in the most pessimistic case is vertical.”

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