Collingwood legend Peter Moore digs in for gold IPO, taps Bell Potter

Two-time Brownlow medal winner Peter Moore has a speccie for ASX-investors; copper, gold and silver play Sierra Nevada Gold.

Nearly 40 years after winning his second Brownlow, Moore’s in front of potential investors as the executive chairman of Sierra Nevada Gold, which has tapped Bell Potter Securities to manage an impending initial public offering and ASX listing.

Moore founded the company 10 years ago and has spent $12 million on exploration so far. Sierra now has five copper and gold projects in Nevada, United States and needs $10 million to $12 million drill from the IPO.

Potential investors were told Moore (also a former commercial lawyer) had played around Nevada for more than 20 years, including for his previous geotechnical consulting company Geoflite, which he owned with his father Professor Bruce Moore. (The older Moore helped select Sierra Nevada Gold’s initial properties).

He is Sierra Nevada Gold’s major shareholder, alongside former Citadel Resources principals, Singapore’s Kaiser Trading, American railroad and trucking company Athena LLC and a Saudi Arabian investor Gold Co.

Citadel Resources was an ASX-listed miner that was bought by Canadian-Australian copper miner Equinox Minerals for $1.25 billion in 2010. A year later, Equinox was bought by NYSE-listed giant Barrick Gold for $7.1 billion.

Sierra Nevada Gold’s chief geologist, Brett Butlin, was previously Citadel’s geologist. Citadel’s former chief executive Ines Scotland is also a shareholder at Sierra Nevada.

Presentation decks sent to investors said it would drill 12,000m in the first year after the IPO, with individual project’s results starting to flow from the second quarter. The deck flagged a potential joint venture with a major on the Blackhawk Porphyry copper, gold project in the third quarter.

Bell Potter has mailed out pathfinder prospectuses. Investors were told the offer would open later in February with a listing expected in April.