This ASX junior has a portfolio of highly prospective early-stage projects in largely underexplored areas in resource-rich Africa and Western Australia’s prestigious Kimberley region.
Its projects contain a meticulously selected commodity spread, overseen by a heavyweight board armed with serious industry muscle, and plenty of scope for future growth.
Its joint venture Mambasa Gold Project is located in the prolific Tanzanian mineral fields, where more than 100 million ounces of gold have been defined over the last decade.
Importantly, this project bears a number of similarities to the A$4.85 billion-capped AngloGold Ashanti’s (ASX:AGG) 20 million ounce Geita mine, Loncor Resources Inc’s (TSE:LN) 1 million ounce Makapela project, and Kilo Goldmines’ (TSX:KGL) 1.9 million ounce Abumbi project.
The company has begun an aggressive exploration program at Mambasa and will rapidly drill test the project and gauge its potential.
Assays have already produced encouraging results of up to 0.93 grams per tonne gold with a Phase 2 program now slated for June.
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Also in this company’s gold arsenal is its under explored Crackerjack Gold Project in the historical Kimberly Goldfields: the site of WA’s first gold discovery. Assay results from sampling reveal strong indications of gold mineralisation and considerable upside potential on hand.
The company has one further noteworthy project, the Katanga Cobalt-Copper Project where a technical due diligence program is currently underway.
It is early days for this $14.4 million capped company, but with a series of exploration works across its African and Australian projects in coming weeks, we can expect plenty of news flow.