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Australasian Gold Ltd (A8G)

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Company Deep Dive

Australasian Gold Limited is a gold and lithium exploration company focused on low-risk, value add Australian projects. 

The company holds close to 1000km2 of highly prospective exploration tenements in Queensland, the Northern Territory and Western Australia.

Key Details
Established
2018
Projects
4
Industry
Mining
Primary Market
Gold and Lithium
Updated: 01 Nov 2021

Why Invest in A8G?

Australia Gold and Lithium exploration focused company with over 7 M AUD cash

High grade lithium discovered in the surface, re-sampling on the way

On track to add value to the projects with strong news flow expected

Front runner of next lithium discovery in Australia, well connected with potential off-take partners

Tight capital structure only ~52 M shares on issue. Top 20 own over 60%. Highly leveraged with exploration success

People

Board of Directors

Dr. Qingtao Zeng

Managing Director

Dr Zeng completed a PhD in geology at the Centre of Exploration Targeting (CET) of University of Western Australia in 2013.

Profile

Dr. Qingtao Zeng

Managing Director

Dr Zeng completed a PhD in geology at the Centre of Exploration Targeting (CET) of University of Western Australia in 2013.

He has been engaged as a consulting geologist, principally working with Eldorado Gold Limited CSA Global China and Australia, and has a range of geological and commercial specialties. Since 2015, Dr Zeng has been extensively involved in the lithium exploration and corporate transactions through his strong network of contacts throughout Asia. Dr Zeng has published several academic papers on orogenic gold or structure control gold geological studies, and is a member of AUSIMM and Society of Economic Geologist (SEG).

Dr Zeng is currently a non-executive director of ASX-listed Metalstech Limited (ASX:MTC) and AIM-listed Kodal Minerals plc. Dr Zeng does not consider that these appointments will adversely affect his ability to act as the Company’s Managing Director.

The Board considers that Mr Zeng is not an independent director by virtue of his role as Managing Director.

Mr Rory McGoldrick

Non-Executive Director

Rory McGoldrick is a qualified lawyer and holds a Bachelor of Laws from the University of Western Australia.

Profile

Mr Rory McGoldrick

Non-Executive Director

Rory McGoldrick is a qualified lawyer and holds a Bachelor of Laws from the University of Western Australia.

Mr McGoldrick has advised public companies on a wide range of corporate matters for over 15 years, and has broad experience in Corporations Act and ASX Listing Rules compliance, corporate governance matters, capital raising and acquisitions.

Mr McGoldrick has broad experience in the energy and resources sector, working on a range of corporate transactions as a lawyer and as an advisor. He assisted with the early stage development of a number of mining and energy projects within Europe since 2010. He holds board positions for a number of unlisted companies in the energy sector.

Mr McGoldrick was previously non-executive director of Pilot Energy Ltd, ASX:PGY. Mr McGoldrick is currently not a director of any other publicly listed companies.

The Board considers that Mr McGoldrick is an independent director.

Mr Graeme Fraser

Non-Executive Director

Mr Graeme Fraser holds a BSc (Hons) from the University of Melbourne and since graduation has gained 20 years of international experience in the mining industry with a strong focus on gold. Graeme is a member of AusIMM.

Profile

Mr Graeme Fraser

Non-Executive Director

Mr Graeme Fraser holds a BSc (Hons) from the University of Melbourne and since graduation has gained 20 years of international experience in the mining industry with a strong focus on gold. Graeme is a member of AusIMM.

Having held a combination of exploration, mine production and corporate positions, Graeme has gained a well-rounded and extensive knowledge of multiple geological styles and the mining industry in general.

As Exploration Manager for Eldorado Gold at their Tanjianshan Project in China, Graeme led a small team of local staff to the discovery of the “323 zone”, a previously unknown area of mineralisation. The 323 zone is still being subject to resource definition drilling today by the new owners (Beijing Yintai group) and is proving to be a world class deposit.

Graeme was the CEO of Altius Mining Ltd (now Australian United Mining Ltd) (ASX:AYM) between November 2012 and November 2014. Mr Fraser is currently not a director of any other publicly listed companies.

The Board considers that Mr Fraser is an independent director.

Projects

Project

Mt Peake Lithium Project

The Mount Peake Pegmatite project is located within the Northern Arunta pegmatite province approximately 200km north of Alice Springs and 250km south of Tennant Creek along the Stuart Highway in the Northern Territory.

The project area is in the Anningie Sn- Ta pegmatite field which is a known LCT pegmatite district in Central Northern Territory. Additionally, lepidolite (Li-bearing mica) and spodumene were identified in pegmatite sample by petrological examination in 1965 by Pontifex.

At the Mount Peake pegmatite field, the Company will shortly conduct field reconnaissance and geological mapping using the 1:250,000 scale Mt Peake geological map. In the meantime, the Company is exploring innovative techniques, like remote sensing interpretation, to narrow down pegmatite outcrop which could be potential hosts of lithium mineralisation.

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Project

May Queen Gold Project

The May Queen gold project comprises two tenements and is part of Brovinia gold field.

The area has had prior exploration carried out by Black Swan, Compass Resources, Copper Strike and IronRidge Resources.

Exploration focus will initially be around verification of previous drilling and resource extension which will amount to approximately 1,200m of diamond drilling.

Potential also exists for additional high‐grade gold mineralisation similar to May Queen at untested aeromagnetic anomalies of similar dimensions and intensity as May Queen on EPM 27746 application.

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Project

Mt Clermont Gold Project

The Clermont Project is located in the southern part of the Drummond Basin in Central Queensland. The site had previously been explored by Impact Minerals between 2016 and 2019. The work found a total strike of mineralisation up to 1,200m long and 125m below the surface.

The key target area for future exploration lies in the very poorly drilled area between Retro and Retro Extended including Retro South with a total strike length of 2 kilometres.

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Project

Fairview Gold Project

The Fairview gold project, currently pending application, is located on Wyloo cattle station within the Pilbara district of Western Australia.

The area has had previous exploration carried out most recently by Biliton Australia, Adelaide Prospecting and Jackson Minerals.

The main exploration focus at Fairview will be along the deep northeast striking structure along which a dolerite intruded that passes through the extent of the Fairview tenement application.

Of special note are the two magnetic high nodes at the southern end of the tenement application, either side of the dolerite.  The eastern node is in the vicinity of the anomalous Noranda rock chips.  Despite these anomalous samples, this area has not been drilled to date.

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Key Milestones

Historical Milestones

First diamond drilling program finished and mineralization is confirmed
Partnered with CSIRO on lithium exploration
Discovered high grade lithium at Mt Peake

Future Milestones

Undertake detailed mapping and targeting
Leverage CSIRO for technical boost

Investment

Investors

Ironridge Resources Limited

BACKGROUND

Lithium and Gold Exploration Company

Mr Yuqing Liu

Impact Minerals Limited

BACKGROUND

Gold exploration company

Capital Raises

Australasian Gold secures $2.5M strategic placement
|Oct 2021

Australasian Gold (ASX:A8G) has raised $2.5M at $0.45 per share to accelerate lithium exploration at the Mt Peake Lithium project in the Northern Territory. Shandong Ruifu Lithium Industry Co Ltd and Tangshan Xinfeng (Hong Kong) Limited have each subscribed for $1M as part of the capital raise

Raised $2.5m
Offer Price $0.45
Notes
ASX Listing
|May 2021

Australasian Gold listed on ASX on 13 May 2021, following its successful ~$5.5 million IPO.

Raised $5.5m
Offer Price $0.20
Notes

Documents

Quarterly Report

28 Oct 2021 | Report
PDF (3185.9 KB)

Investor Presentation

12 Oct 2021 | Presentation
PDF (2288 KB)

Prospectus

05 Mar 2021 | Prospectus
PDF (6941.5 KB)

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