Destination Dallas: Everything’s bigger in Texas

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There’s a well-known saying in the United States regarding the nation’s second largest state, declaring that “everything is bigger in Texas.” Located in the huge Dallas–Fort Worth metroplex, the city of Dallas is the most populous city in the fourth-largest metropolitan area in the country. It’s fair to say that big is what Dallas does best.

The city’s location in the middle of the United States makes it ideally placed for travel to and from other US cities, coast to coast, as well as offering significant global appeal, with Dallas Fort-Worth being one of only a dozen or so airports in the world offering service to over 200 international locations.

Over the years, the region has hosted the headquarters for a diverse range of firms, with household names such as ExxonMobil, American Airlines, Toyota, and Dr Pepper all calling the region home. The Dallas Fort-Worth area boasts 22 Fortune 500 company headquarters and 42 headquarters from Fortune 1000 companies.

Global business is welcomed in Dallas. Situated in the heart of downtown, the Kay Bailey Hutchison Convention Center Dallas is one of the nation’s largest convention centers, with over a million people passing through its doors each year to attend major national and international conventions, meetings, concerts, and much more.

In nearby Fort Worth, north of the downtown core, are the historic Fort Worth Stockyards. These 98-acres of land contain a former livestock market and celebrate the area’s long tradition as part of the cattle industry. The Stockyards are now used primarily for shopping and entertainment, promoting the image of Fort Worth as America’s Cowtown.

Dallas Fort-Worth is one of only a dozen or so airports in the world offering service to over 200 international locations

When visiting Dallas, you won’t miss out on sampling the region’s famous cuisine. The taste for great BBQ permeates the city, with restaurants such as the Lockhart Smokehouse on West Davis Street offering an authentic Texan BBQ experience. Equally sought after are the city’s unique Tex-Mex dishes, which can be sampled at Herrera’s Cafe on Sylvan Ave.

Heading into the Dallas Arts District will quickly quench any thirst for the city’s artistic culture. The Dallas Museum of Art, the Nasher Sculpture Garden and the Morton H. Meyerson Symphony Center are all located here, in an area offering music, performances, exhibits and tours, along with a wide selection of dining and shopping venues.

As far as sports are concerned, Dallas doesn’t disappoint. Home of the world famous Dallas Cowboys, the AT&T stadium in Arlington is the fourth largest in the NFL, offering an exciting match-day experience. If soccer is your thing, then MLS team Dallas FC is located near Frisco, at the Toyota Stadium.

Dallas is most famous for the mystery surrounding the assassination of President John F. Kennedy in 1963. In downtown Dealey Plaza, the Sixth Floor Museum is extremely popular, hosting special exhibits that explore the impact of this historic event. Whether or not you believe in the conspiracy theories, the museum is a fascinating place to spend an hour or two.

While here you simply must take a closer look at its incredible skyline. The historic Reunion Tower is one of the city’s most recognizable landmarks, and its 470-foot-high GeO-Deck offers 360-degree panoramic views that will take your breath away. With a selection of dining, cocktails and private parties also on offer, the view is just the start.

Whether you are staying for a day, or a week, or even a month, Dallas promises to provide you with plenty of big experiences.

Our accommodation provider of choice when staying in Dallas is Stay Alfred, offering short or long-term stays right in the downtown core. Find out more at

Ready to exit your business?


Building a successful business takes hard work and dedication. Nobody ever makes the best of a business without the passionate desire to do so. If you’ve worked hard to build a business and make it successful, you will feel a genuine love for the business you have built.

Knowing how, when and why you will leave your business is also a very important factor in business success. Unfortunately far too many people don’t start planning for the time they will leave the business until it is much too late.

How late is too late? It is waiting until you’re ready to leave the business. Doing so can mean you are under more pressure and you will be more likely to make mistakes in those circumstances. This is especially true if you have a deadline by which you definitely want to move on to the next chapter of your life.

To maximise the full value your business offers, you need an exit strategy. This strategy is best planned as early as possible in advance of when you may plan to leave. 

With the recent buzz about baby boomer business owners preparing to leave their companies within the next few years, there can be confusion about the different terminology used for exit strategies. There are two popular concepts that are often referred to when considering how to exit a business—succession planning and exit planning.

Many people believe that succession planning and exit planning are one and the same and can be used interchangeably when talking about owners who are in the process of leaving their businesses. However, this misconception can end up leaving you unprepared for one of the biggest financial events of your life.

Even though succession planning and exit planning are different concepts, they can work in unison to achieve your overall exit objectives. To help clear up any confusion, let’s look at the differences that exist between the two concepts. 

Succession planning: focus on transferring leadership

A succession plan is essential to securing the future of your business. It’s the art of the changeover. Without a succession plan, you will strangle the future of your business and its future marketability. 

A succession plan gives you control, choices and sufficient time to put management in place to run your business. The more time you give yourself, the more your team can come up to speed on new roles and responsibilities, and the easier it will be for you to let go and move on to pursue other interests or passions. 

Succession planning could also be called “retention planning”—keeping it in the family.

Many owners choose to keep the business in the family when they leave. If this is something you’re thinking about, you need to consider the legal obligations, as well as the impact on family relationships. 

Succession planning primarily focuses on the business itself—the transfer of leadership and/or management from one generation to the next within the business. This one-off approach usually identifies successors within a business and provides them with an opportunity to develop their skills and experience in order to replace the existing leaders of the business at a future date.

Although this is important to the livelihood of your company, succession planning typically revolves around the needs and objectives of the business and not those of you, the departing owner. 

Succession planning is essentially a business continuity approach, which is one of several critical components of exit planning.

Exit planning: the comprehensive approach

Exit planning is the art of monetising the business. 

Exit planning is all about maximising and preserving the transferable value of your business—it’s about creating certainty for your future wealth fund. It’s extremely important to integrate personal, financial and estate planning goals into your exit plan.

These need to be considered hand-in-glove with your business growth goals and opportunities to maximise profit and minimise tax liability on both sides. Your unquestionable objective in your exit plan is to transfer ownership and corporate value as profitably as possible. 

Take this responsibility seriously early on and you will reap the rewards for all your hard work—and not give it to the taxman or others!

Exit planning is the comprehensive analysis of all of the factors that impact a business owner. Exit planning is not only the succession aspect but also other issues that can be important to you, including current and future planning with respect to your personal financial stability, your business (its value, its employees, its position in the market), your family and your community. 

These issues are really basic, but people don’t like to think about them because facing your own mortality can be quite confronting.

Exit planning starts from the perspective of your goals and objectives in each of these critical areas, along with your current and projected resources (business value, personal and business financial resources), to identify the unique combination of strategies and steps that are most likely to allow you to reach your overall goals. 

For example, if you happen to be slightly older and you are looking at a retirement, a big part of exit planning is considering how you’re going to fill your days. Many people envision their retirement as, more or less, a complete disengagement from responsibility and the need to plan for anything; in other words, they want to go out “without a care in the world.” 

Once you’re over the euphoria of retirement after so long at work, it can get boring. Playing golf three times a week might be just fantastic for a time, but after a little while, you begin to feel there’s more to life than just simply waiting around for someone to actually interact with you.

This boredom can lead to depression, which is bad enough on its own but can bring on other issues. Studies suggest that, if people retire and simply do nothing, they can face significant health problems, including the proven reality of the brain shrinking from less activity. 

Studies have also shown that men tend to suffer more after retirement than women because they’re more inclined than women to have their identity tied up in what they do for a living. For retired men, it can be difficult to be in a social situation and someone asks them, “What do you do?” They’re at a loss for words, and they feel insecure.

The number one thing you can do to avoid these issues is to give some considered thought to what your life will look like after retirement before you retire. With the retirement age being around 65, and life expectancy now well into the 80s and occasionally the 90s, you’ve got a lot of life to fill. 

Taking time to think about with whom you’re going to continue your social interaction, the people in your network with whom you can continue to engage and keeping yourself active over that course of time, is crucial. Physical and mental exercise also play a huge part in creating your best life. 

Exit planning uses your unique personal objectives to convert your current reality into your desired outcome. The exit planning process helps maximise the financial return, minimise tax liability, plan for contingencies and increase the likelihood of a successful transfer of the business. 

Although each exit plan is unique, depending on an owner’s specific objectives, a properly crafted plan has several common steps, or elements, to cover, including:

Step 1: Owner objectives

Step 2: Business and personal financial resources 

Step 3: Maximising and protecting business value 

Step 4: Ownership transfers to third parties 

Step 5: Ownership transfers to insiders 

Step 6: Business continuity

Step 7: Personal wealth and estate planning

Building a strong and successful exit strategy, which includes components of a succession plan and an exit plan, is not necessarily complicated; however, it is an absolute must if you want to get full value from any business sale. 

It’s important to remember that an overall exit strategy is a process, not a destination. It allows you to exit your business gracefully and to your own best advantage. There are many tools available to help you get into business, but an exit strategy is one of the few designed to help you get out.

If you had to leave your business tomorrow, could you do it? 

Kerry Boulton is Australia’s most respected exit strategy advisor. As CEO and founder of The Exit Strategy Group, Kerry works with business owners and CEOs to maximise their profits and to prepare their business for the ultimate payday. 

Her latest book, The Uncensored Truth About Exit Strategies, unmasks what’s really behind creating effective and financially sellable businesses. To order Kerry’s book, visit

Executive Coaching: Being the CEO of yourself


The burgeoning trend of Executive Coaching is tapping in to previously unrecognized levels of personal development for business people. No longer must career-focused business people wait patiently for their opportunities to become executives.

The trend taps into the new business need for mental toughness, an area of strength identified by psychologists who believes that it is no longer enough for business leaders to be merely resilient.

Mental toughness helps individuals focus on making things happen, without being distracted by their own or other peoples’ emotions. These individuals are generally more engaged, more positive and exhibit a “can do” attitude.

Mental toughness can be measured using the MTQ48, a reliable psychometric tool which is quick and easy to complete and provides a profile of overall mental toughness, as well as providing scores for a number of other characteristics. 

This is where Executive Coaching comes in, a process which helps executives focus on their own individual traits. Coaching is most successful when undertaken as a personal project and not necessarily as a business requirement.

The best candidates are those looking for the next stage in career development, those willing to take charge of their own careers going forward. These kinds of people will benefit tremendously from a coaching setup in terms of personal development.

It is now fairly common for CEOs to have a coach as part of their own personal development, but the growing trend is seeing people earlier in their career paths with aspirations to get to executive level engaging in some form of coaching.

Many people at this stage in their development would once have been expected to wait until they reached a certain level before being offered coaching in a professional capacity by their company, but are now taking matters into their own hands.

A coach can be equally useful for these people as they are for a Chief Executive. They will often act as a sounding board for ideas, to offer support in dealing with roadblocks and challenges and to help navigate the next career step.

First and foremost, Executive Coaching is not comparable to therapy, or a relationship where the coach tells the client how to go about doing things. It is more commonly an equally supportive and challenging relationship.

In an Executive Coaching relationship, the client is the expert, not the coach. A coach will not know all the details of what a client needs to reach their particular goals, and is present only to offer support and expertise in helping those goals be achieved.

Unlike a relationship with a therapist, the results from coaching can often happen very quickly. Most importantly, coaching is about looking forward to the future rather than assessing past failures.

An Executive Coach provides a confidential thinking space which can prove hugely beneficial to a client. It is usually the case that the more senior the client, the more benefit they gain from the process.

This is often a response to the amount of time available for a coach to just listen, something which is often a rare luxury for executives. In addition, the asking of questions helps clients mobilize their inner resources and solve their own problems.

The key is finding the perfect balance between support and challenge, nurturing clients to solve problems and meet goals whilst at the same time pushing them to better themselves in as many ways as possible.

There are certain requirements one should be looking for in a coach that will help executives reach their maximum potential. Probably the most important is for someone with a strong track record in business.

In addition, somebody who has an approach which is designed to support and guide rather than lecture and tell is essential. The best kind of coach will be there as a nurturing presence, encouraging others to find their own answers to problems.

Equally, a good coach will be interested in collaborating with their clients, forming a partnership that will ultimately help executives build successful foundations to set them up for further career development.

The job of a coach is to work with people to establish a personal vision for themselves, developing goals and actions which will ultimately help flesh and out and finally to deliver that vision.

In the same way corporations spend time developing visions and working towards achieving them, prospective executives should look at themselves as being their own CEO, and work towards delivering the same success as a company would.

There is no doubt that Executive Coaching represents a huge investment of time. Results show that the investment put in is resoundingly worthwhile, with typically 5-7 times of the initial investment returned.

It is little wonder then that many more people are choosing Executive Coaching as a way of forwarding their careers and fulfilling their business goals. The hope is that it will improve business and the economy for future generations.

ProMIS Neurosciences (TSX:PMN): Targeting the root cause of Alzheimer’s and other neurodegenerative diseases

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Most of us know someone who has been affected by Alzheimer’s disease. It’s a devastating, brain-wasting affliction and the most common form of dementia. The 2018 World Alzheimer’s Report reveals there are 50 million people in the world with dementia, a global community around the size of South Korea or Spain. About two thirds, have Alzheimer’s disease. These numbers are expected to more than triple by 2050.

There’s no effective therapy for Alzheimer’s but that’s not for lack of effort. Some of the most successful pharmaceutical companies in the world have exerted considerable effort to find a cure, but they’ve yet to cross the finish line. Thankfully, this could be about to change. Canadian researchers at a young, Toronto-based biotech firm, have received several patents for a new drug discovery platform that allows them to develop medicines that very precisely target the root cause of Alzheimer’s and other neurodegenerative diseases. The Canadian Business Quarterly spoke with CEO Dr. Elliot Goldstein about his team’s approach to what experts are calling a pivotal shift in drug development that’s renewing hope for an Alzheimer’s cure.

“This is a very exciting time in the Alzheimer’s community,” explained Dr. Goldstein. “We’ve learned some hard-won lessons over the past decade or so. Now, better understanding of what causes Alzheimer’s has spawned a new generation of drug development efforts that are focused on the right target.”

For decades, the Alzheimer’s drug development community believed amyloid beta—a naturally occurring substance that forms clumps in the brain—could become dangerous for some people as they aged; much like how a normal cell might become cancerous. The so-called “amyloid hypothesis” held that sometimes these clumps—commonly known as “plaque”—would strangle brain cells, leading to their death. The amyloid hypothesis alleged that by targeting plaque in the brain, researchers could halt Alzheimer’s disease. This belief guided Alzheimer’s drug development for nearly 25 years.

10 clinical trials that never produced an effective medicine called this theory into question. However, these “failures” deepened the research community’s knowledge of Alzheimer’s in some important ways. Namely, that there are many kinds of amyloid in the brain; most kinds are benign. However, one kind is particularly toxic, the toxic oligomer. In 2017, Dr. Eliezer Masliah, director of the U.S. National Institutes of Health’s National Institute on Aging, Division of Neuroscience, urged drug developers to redirect efforts at the toxic oligomer.

“The amyloid hypothesis is sound, but it needs a very important update,” explained Dr. Goldstein. “It’s not plaque that causes Alzheimer’s disease—as we had long thought—it’s the toxic oligomer. The resulting shift in drug development that we’re starting to see is predicated on what we’re calling Version 2 of the amyloid hypothesis. V.2 reflects our matured understanding of the deadly role the toxic oligomer plays in Alzheimer’s progression.”

There are now several hundred articles that implicate the toxic oligomer as the root cause of Alzheimer’s. Significantly, data also show it’s a root cause of other neurodegenerative diseases like Parkinson’s, a nervous system disorder that affects movement, and ALS (amyotrophic lateral sclerosis), in which nerve cells in the brain and spinal cord deteriorate. The good news: ProMIS is developing new medicines for all three. It’s the clear front-runner in the race to stop Alzheimer’s by selectively targeting the toxic oligomer. Initial data show ProMIS’ potential therapy, called PMN310, effectively neutralizes the toxic oligomer and prevents brain cell death.

ProMIS is developing new medicines targeting the toxic oligomer

How ProMIS is able to scale this summit ahead of many heavy hitters in drug development is where the real story begins. In order to develop a precise way to attack the toxic oligomer, ProMIS had to build a better mousetrap. That’s because today’s methods for working with highly unstable drug targets like the toxic oligomer don’t work. Enter Dr. Neil Cashman, professor of medicine at the University of British Columbia (UBC), neuroscientist at the Brain Research Center, academic director of the Vancouver Coastal Hospital ALS Center, and a past recipient of the prestigious Jonas Salk Prize for biomedical research. Dr. Cashman has dedicated his academic career to finding new ways to attack bad proteins like the toxic oligomer. 

“Today’s drug discovery methods have developed some wonderful medicines but for the toxic oligomer, they deliver drug candidates that are as precise as a shotgun: You hit a lot of things, and maybe you hit your target,” explained Dr. Goldstein. “Our unique platform delivers drug candidates that act like a sniper. This allows exacting precision on the toxic oligomer, reducing the potential for side effects related to targeting the non-toxic forms of amyloid beta. This kind of precision hasn’t been available before. Not only could we potentially avoid the side effects of prior therapies in development, we could also offer patients higher doses, which would have a positive impact on effectiveness. A highly effective dose of medicine is truly the holy grail of any therapy, and this is what our platform could allow us to do for these terrible diseases.” 

The ProMIS™ platform is a unique marriage between physics and medicine. On the medical side, the platform incorporates two decades of Dr. Cashman’s research, patents and publications (more than 300 and counting). But it doesn’t end there. Dr. Cashman works hand-in-hand with his physics counterpart, Dr. Steven Plotkin, a professor at the University of British Columbia in the Department of Physics and Astronomy. Dr. Plotkin has held the Canada Research Chair in Theoretical Molecular Biophysics, is a past recipient of the prestigious Sloan Fellowship, and is an associate member of the Genome Sciences and Technology and Bioinformatics programs at UBC. Together, Drs. Cashman and Plotkin, ProMIS’ Chief Scientific Officer and Chief Physics Officer, respectively, are hard at work developing a generation of medicines that can selectively target these highly unstable, “shape-shifters,” as Dr. Goldstein describes the toxic oligomer.

“ProMIS’ drug discovery platform reflects the groundbreaking scientific discoveries of some of the best minds in Canada,” said Dr. Sharon Cohen, medical director of Toronto Memory Program. “The result is a radically new way to target the root cause of Alzheimer’s disease, which we desperately need. Our deepest hope is that this can successfully deliver long-awaited disease modifying treatment. When it does, we can share in the pride of knowing that it began here in Canada.”

In late 2018, ProMIS announced new drug candidates for Parkinson’s disease. Next up, ALS. “Research shows the toxic oligomer is also a root cause of these diseases,” shared Dr. Goldstein. “Simply substitute ‘amyloid’ for the protein involved in the disease. For Parkinson’s, the toxic oligomer derives from the protein alpha synuclein. For ALS, the toxic protein derives from TDP43 (Tar DNA Binding Protein). We plan to develop highly validated drug candidates for each disease. And, because our platform is so powerful, we believe we can progress these candidates very quickly.” 

To say this is welcome news to the desperate disease communities currently without effective therapies would be an understatement. While developing new drugs is risky business, Canada has a strong international reputation for delivering breakthrough, best-in-class medications for several diseases without effective therapies. We look forward to adding ProMIS to this long list of accomplished biotech firms that call Canada their home.

Find out more about ProMIS Neurosciences by visiting or by following them on Twitter at @ProMISinc and LinkedIn.

NxGold (TSX-V:NXN): Enhancing shareholder value

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A Vancouver-based junior gold explorer listed on the TSX Venture, NxGold is an exploration and development company focused on pursuing high grade gold opportunities in world-class mining districts.

A lawyer with over 25 years’ experience in exploration and mining, Chris McFadden is NxGold’s President and CEO. Mr McFadden spoke recently with The Canadian Business Quarterly about the benefits of mining in world-class districts, the company’s experienced and committed team, and the exciting opportunities NxGold is pursuing to enhance value for shareholders.

Early-stage gold exploration

Since its inception in 2016, NxGold’s primary focus has been on two gold exploration projects. The first is the Kuulu project in Nunavut, Canada, and the second is the Mt. Roe project, located in the Pilbara region of Western Australia.

“You probably couldn’t find two more diverse climates in which to operate,” Mr McFadden says. “In both cases we’re in early-stage gold exploration, and we’re looking for high-grade gold, large volume deposits, which would lead to mining operations eventually.”

The route towards these projects has been a long one. After years working in the mining industry, Mr McFadden moved into a more entrepreneurial space, founding a company called NexGen Energy Ltd with NxGold’s current Chairman, Leigh Curyer.

“It was a uranium exploration junior based in Canada. NexGen had some extraordinary success in discovering the Arrow project, and along the journey of building that company over the last 7 or 8 years, we picked up a shell company.”

The world-class Arrow uranium project is a project in Canada which, according to a PEA released in July 2017, is expected to produce 18.5m lb uranium per year over an initial 14.4-year mine life, greatly surpassing the production of the world’s biggest uranium mines.

The shell picked up by NexGen from a previous transaction was soon sitting in its corporate structure without a specific purpose. It only became clear what to do with it when a shareholder bought forward a proposition.

“He said he was impressed with how we worked, and how the company had achieved its success, and he mentioned that he had a gold exploration project in Nunavut, and he was keen to explore the possibilities of entering a transaction around that project.”

Towards the end of 2016 the transaction was completed. The result was the formation of NxGold, with the company entering into an agreement with that NexGen shareholder to work on the Kuulu project in Nunavut.

The company has since added the Mt. Roe project, and now finds itself in an excellent position to push forward with its exploration. Although both projects are still at an early stage, the hope is high for significant results.

“As an explorer, I would like to think we’re on the cusp of making a discovery. That’s the exciting part of what we do. We take a very systematic approach to exploration. We’ve had success with NexGen, and we’re using the same methodology, the same discipline. We don’t madly and blindly pursue exploration just for the sake of it.”

The two projects being undertaken by the company have been carefully chosen for their suitably, with both being considered amongst the best districts in the world for mining, sharing conditions that make them perfect for exploration. 

Kuulu project: Nunavut, Canada

“One of the areas that I would say to shareholders provides great opportunity is what we’ve got at Kuulu in particular,” Mr McFadden says. “Once we gain access to that project, we’ve got significant exploration potential for a discovery there.”

Although the plan is to progress both projects at the same time, the project at Kuulu is currently delayed, as the company waits on an outstanding surface license renewal with the local Inuit association. 

The Nunavut region in northern Canada is not currently producing a significant level of mining output, but its potential to do so is huge. A distance of just 40km away from the town of Rankin Inlet, the region is well set up to be prosperous in the future.

“Rankin Inlet is on the western shores of Hudson Bay, in Nunavut. That town is the epicenter of mining development in the area. A company called Agnico Eagle has been operating at Meadowbank for a long period of time, about 80km from Rankin Inlet.”

Agnico Eagle is in the process of constructing a major operation at the Meliadine mine, situated roughly between the NxGold project and Rankin Inlet. Both operations benefit from being served by excellent infrastructure and support networks.

“There’s an airport [at Rankin Inlet] that’s serviced by jet planes from Winnipeg on a daily basis, there’s a port there that operates in summer months. There’s a workforce, there are trained people, there are mining services groups there.”

These groups are interested in expanding their operations with other companies, and the local community is likewise keen to see training and employment for its youth. It is an area that is extremely supportive of mining.

The Agnico Eagle project is of particular importance to NxGold’s plans. A large high-grade deposit that is soon to be in operation, the impressive work at Meliadine bodes well for good mining along trend to the west.

“We’re on the same structure as Meliadine, the same sort of rocks, fantastic soil anomalies, and really strong results in boulders at surface, very high gold assays from those boulders – beyond 400 grams a ton in some cases.” 

Having been underway for a number of years, the Nunavut project has drill-ready targets, meaning drilling can start as soon as the necessary license is secured. All signs point to successful mining in the region, promising to significantly enhance value for shareholders.

NxGold is an exploration and development company focused on pursuing high grade gold opportunities in world-class mining districts

Mt. Roe project: Pilbara, Western Australia

As it waits for the license needed to move forward with the Kuulu project, the company is currently focusing efforts on the Pilbara region. “In terms of work on the ground,” Mr McFadden says, “the Mt. Roe project in Western Australia is progressing.”

“The Pilbara region is home to the Australian iron ore industry, where majors such as Rio Tinto and BHP, as well as Fortescue Metals, produce huge volumes of iron ore for export to global markets, and in particular the Asian markets in China, Japan and South Korea.”

Between these three main producers, and several others in the region, there are around 600m tons of high-quality iron ore going out of the Pilbara region each year, making it one of Australia’s leading export earners.

“So the Pilbara, over the last fifty or sixty years, has become perhaps the premier mining district in the world in terms of value of production and volume of material that’s going out. There’s a very mature and well-established mining industry in that area.”

This long history of mining success means there is significant infrastructure already in place in the area, comprised of ports, rail, power generation, as well as an incredibly strong mining support sector.

“It’s a highly successful area in which to be operating,” Mr McFadden says, “so as a small explorer in the area, we’re able to take advantage of this fantastic infrastructure and support services that are in the region.”

Located 30km south of the coastal town of Karratha, the Pilbara region provides access to an airport running daily flights to the capital of WA, Perth, as well as being home to the Port of Dampier, from where large quantities of the iron ore mined in the region are shipped.

“There’s all the surrounding support services and infrastructure, that means that our project can be managed and operated from Karratha, and things are cheap there because of the volume of material that’s coming in.”

In the Pilbara, the company is not yet at drilling stage. More groundwork is needed over the coming months, following which there will be drill targets in place by the end of the year, putting the two projects at a comparable stage of exploration maturity.

“We have nuggets [of gold] at surface. You can bend down and scrape with your fingers, and pick out nuggets very close to surface. The potential we have there is to find the source of that gold. We’re already halfway there, we know we’ve got gold.”

In addition to the surface nuggets, there is also gold visible within the soil stream sediment sampling, over an extended strike length. The next step is therefore to narrow down the samples to provide more precise information.

“[We’ll] use that with the geophysics we have, and the mapping, and the metal detecting, to determine where exactly we’re going to drill, and hopefully we find the actual source of that gold that we’re finding at surface.”

In safe hands

With a vastly experienced management team and a board with significant contacts and experience in a number of sectors, NxGold is well placed to deliver significant value to current and potential shareholders.

“One of the key members of any exploration team is the Vice President of Exploration. Our VP Ex is a gentleman called Darren Lindsay. A highly experienced gold geologist, he has over twenty years of experience in mineral exploration across a number of continents.”

Mr Lindsay adds real value to the exploration team, having worked for both junior and major companies, such as BHP, Miramar and Kodiak Exploration, at various project stages. He has also worked extensively across Canada, including significant previous experience in Nunavut, with lots of exploration success.

“Our CFO, Janine Richardson, likewise has over 30 years’ experience in mining. She’s been involved in the gold industry in particular, with companies like Placer Dome, Rio Alto Mining and others. So again, vast experience and a very safe pair of hands.”

The company’s board boasts an equally impressive array of experienced members, starting with Chairman Leigh Curyer, an integral part of NxGold’s formation. Mr Curyer trained as an accountant, but has since amassed many years’ experience in mining.

“[Leigh] has been involved for a long time in very strategic roles. He’s a former CFO of Southern Cross Resources, which became Uranium One, and he’s also been in the private equity business. He ran Accord Nuclear Resources, reviewing global uranium assets for First Reserve, and has extensive experience in uranium in particular.”

Also on the board is Toronto-based Director Richard Patricio, a strategic thinker with a string of connections in the Toronto capital markets, connections that have proved beneficial for the company in helping raise money in Canada.

“Trevor Thiele is head of our Audit Committee,” Mr McFadden says. “His experience has largely been in major Australian agribusiness companies, like Elders. He’s been involved in IPOs, capital raisings and corporate reorganizations.”

Last but not least on the board is Perth-based Director Karl Laufmann, who has a strong background working in the Australian capital markets, giving him great experience with junior miners in the country.

This impressive team has already proved its worth in creating value for shareholders. The company is currently in excellent financial condition, putting it in the perfect position to complete the two exciting projects it’s engaged in.

“We’re currently funded – we have approximately $4m of cash. We completed a capital raising in June, that was very successful. We’re funded for the work that we want to do this year and into next.”

The company has approximately 81m shares outstanding, with 47m warrants, meaning there are about 135m shares on a fully-diluted basis. There is no debt and several other assets, including securities, making the company’s total working capital around $4.5m to $5m.

“We’re very much a results-driven and value-adding group that looks to enhance shareholder value,” Mr McFadden concludes, “and we believe we have that potential there with these two projects.”

Find out more about NxGold by visiting