To be a successful, reputable natural resource company, committed to the responsible development of quality mining projects and the creation of value for our shareholders, employees, and host communities.
To grow our business and create value for all stakeholders, through responsible and sustainable mining and exploration, employing a continuous improvement philosophy throughout our organisation, while seeking out further opportunities for acquisitive growth.
Focus on growing shareholder value:
Ormonde’s assets include the cash proceeds from the recent €6 million disposal of its interests in a tungsten mine, interest in assets relating to the La Zarza Project (copper/gold) and a number of exploration licenses prospective for gold, all located in Spain.
Ormonde’s strategic goal is to deliver shareholder value through the application of its cash resources to the right project/s, which have the opportunity to create a high impact. This may be through direct investment or M&A.
Retain a skilled and experienced management team and workforce:
Ormonde’s Board and management is staffed with skilled and experienced mining executives who collectively offer a strong background in all stages of international mining projects from grassroots exploration through evaluation, permitting, financing, development and into production. To deliver on its Mission, it is essential for Ormonde to put structures in place so it retains access to the skills required.
Operate with care and responsibility:
The safety and welfare of the workforce, and good relations with host communities, governments, contractors and joint venture partners, are critical to Ormonde’s success. Social and environmental responsibility, and high ethical standards and behaviour across the business, are essential to the successful execution of the Company’s strategy.
Manage finances with discipline:
The Company will continue to manage its business to minimise administrative expenditures, and will seek to fund growth in a manner that limits value dilution.
Key challenges to the execution of this strategy and the success of the Company’s business model include commodity price risk, managing its joint venture interests and availability of finance. The collective skills and experience of the Board and management in the mining and financial sectors provides the ability to overcome these challenges as they arise.