Categories: Base Metals / Precious Metals / Mining Stocks
Topics: General Base Metals / General Precious Metals / Gold Stocks / Copper Stocks

Hannan Metals (TSX-V: HAN)(OTC: HANNF) CEO Michael Hudson on Leadership Transition as Maiden Drilling Nears at Belen Prospect, Peru

 

Gerardo Del Real: This is Gerardo Del Real with Resource Stock Digest. Joining me today is the executive chairman and CEO of Hannan Metals Ltd. (TSX-V: HAN)(OTC: HANNF) — Mr. Michael Hudson. Mike, thank you for jumping on a call with me on such short notice. I know you are on the road. So safe travels. How are you today, sir?

Michael Hudson: I'm very well, thanks, Gerardo. I'm just at the airport so some background noise… but ‘top of the world down under’ still. I'm at Melbourne Airport heading up to Sydney for a conference.

Gerardo Del Real: Excellent. Well, listen, I want to get right to it and just provide a brief but quick update. You just announced a leadership transition where Lars Dahlenborg  will be stepping down or has stepped down as president of the company. 

Obviously, Lars and then yourself and the team have done a beautiful job of getting the company in a position where we now get to test three potentially company-making projects; two copper-gold ones and an epithermal gold project. I couldn't be more excited for that. I wanted to have you on just to provide an update on the leadership transition.

Michael Hudson: Sure, Lars has been absolutely wonderful and will be hugely missed without a doubt. That’s the first thing to say. He started Hannan alongside me, and he's put in all of the hard yards over the last five or six years.

Just from a personal point of view about travel… Lars was living in Sweden, and coming down to Peru was getting harder and harder at his stage of life. And with the nature of the project changing from a grassroots explorer — where he built an amazing team of geologists down in Peru to transitioning to drilling — he just thought it was the best time to transition. 

He's still going to hang around for six months, full time, to help the company through the change. He’s been such a huge part of it and, no doubt, my association with Lars, personally, will continue as it has for, I think, we've worked together for 16 or 17 years. And I can't see that changing.

Just the day-to-day on Hannan is where he'll be missed. But we're in good shape. We've got a team in Peru that Lars has been responsible for building, and they're the ones who've done the majority of the work on the ground, but not all of the work, over the last few years and made those discoveries. And we've got great people internally who will replace Lars in that exploration management role over the next four weeks.

So we are in good shape. Change is never perfect in terms of, it's always a bit sad, but it's also new opportunities to come for new people and new ideas… and so we've got the best of both worlds; new people with Lars hanging around.

Gerardo Del Real: Let's talk about the billion-dollar question: how are the projects looking as far as drilling goes? You mentioned in the release that you are fully permitted, of course, and ready to commence drill-testing. You also mentioned the second week of May for that to happen. What is the status of that right now, Mike?

Michael Hudson: We're on-track, Gerardo. The drill rigs, or rig, I should say — we are starting with one rig and will ramp up to more than one rig after we've got all of the systems and procedures in place over the first two or three months — that first rig is on its way to site as we speak.

All is done in order. We've constructed all of the pads. And there have been 30 people working over the last two or three weeks, making all of those preparations. And we're waiting with bated breath for the rig to get to site over the coming days and for it to start turning shortly thereafter. We will inform the market as we know more.

Gerardo Del Real: Exciting times! We've waited a very, very long time. It's been a lot of hard work by you and the team to get us to this point. I believe, in 2025, we'll see Hannan positioned as “THE” exploration story. And not just for 2025, by the way, but 2026 and likely onward if the company is still around once ‘The Monster’ is drilled and discovery season commences here in the next week or so. Anything to add to that, Mike?

Michael Hudson: No, we've got lots of geologists on the ground still exploring ‘The Monster,’ which we call Previsto, formally. And the team is in there as we speak on rotation; two weeks on and one week off, basically. And we have a team in place at Belen for drilling about 20 km away…. so lots happening on the ground.

Gerardo Del Real: Exciting times, Mike. Great work getting us to this point. Wishing Lars the absolute best in the transition and wherever he finds himself next. I'm going to date myself a bit here but I've known Lars coming up on 10 years now. So wishing him nothing but the best. 

Mike, thank you so much for making time. I'll let you get to the flight. Let's chat soon when the drill bit is turning.

Michael Hudson: Thanks, Gerardo, as always.

Click here to see more from Hannan Metals Ltd.
 

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