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AUSTRALASIAN METALS LIMITED - Corporate Spotlight

A mineral exploration company focused on delivering Shareholder value through the... A mineral exploration company focused on delivering Shareholder value through the identification, development & acquisition of exploration properties, focusing on mining tenements prospective for gold & other minerals, initially in Queensland & Western Australia. May Queen gold project, located in the Brovinia gold field in Queensland & the Mt Clermont project in the Drummond Basin, central Queensland. The Group’s exploration efforts will extend to the Fairview gold project once approved.More

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Corporate Spotlight

A mineral exploration company focused on delivering Shareholder value through the identification, development & acquisition of exploration properties, focusing on mining tenements prospective for gold & other minerals, initially in Queensland & Western Australia.
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A8G ACQUIRES LITHIUM PROJECT FROM PRODIGY GOLD

A8G ACQUIRES LITHIUM PROJECT FROM PRX

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Australasian Metals (ASX:A8G) acquires lithium project from Prodigy Gold (ASX:PRX)


Source: Australasian Gold

  • Australasian Metals Limited (A8G) signs an agreement with Prodigy Gold NL (PRX) to acquire a 90 per cent interest in the Burrow Creek lithium project
  • The agreement includes five tenements covering approximately 880 square kilometres in the Arunta pegmatite province, Northern Territory
  • Australasian will pay $150,000 cash for part ownership of the joint venture with Prodigy Gold’s 10 per cent interest to be free carried until completion of a pre-feasibility study with an NPV exceeding $100 million
  • After completing the study, Prodigy Gold will have the ability to elect to convert its interest into a one per cent net smelter royalty, or pro-rata fund its interest in the project

    Read the Full Article on The Market Herald here

A8G DETECT HIGH PRIORITY LITHIUM

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Australasian Metals (ASX:A8G) and CSIRO detect high priority lithium at Mt Peak


ASX:A8G
Australasian Gold (ASX:A8G) - Managing Director, Qingtao Zeng
Managing Director, Qingtao Zeng
Source: Australasian Gold

  • Australasian Metals (A8G) and CSIRO have announced the detection of high priority pegmatite and lithium at its wholly-owned Mt Peak project in the Northern Territory
  • CSIRO and A8G plan on investigating if the uranium-thorium ratio can be an indicator for granite fractionation
  • According to the company, “fractionated granites have a greater chance to host lithium mineralisation”
  • The application notice period terminates in March next year, with A8G estimating the licence for further exploration will be granted before the end of March

    Read the Full Article on The Market Herald here

A8G IDENTIFIES HIGH-PRIORITY TARGETS

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Australasian Gold (ASX:A8G) identifies high-priority targets at two projects


ASX:A8G
Australasian Gold (ASX:A8G) - Managing Director, Dr Qingtao Zeng
Managing Director, Dr Qingtao Zeng
Source: Australasian Gold

  • Australasian Gold (A8G) completes the initial field work program at the Mt Clermont polymetallic and Capella gold projects
  • High-priority targets were identified at both projects with drilling expected to begin early next year
  • Work at Mt Clermont has identified gold grading up to 2.2 g/t and an untested prospect 1.5 kilometres south of the Retro Extended Prospect
  • More than 66 reverse circulation holes have been drilled at Capella with further drilling planned to test the shallow priority targets

    Read the Full Article on The Market Herald here

A8G DISCOVERS HIGH GRADE LITHIUM

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Australasian Gold (ASX:A8G) discovers high grade lithium at Mt Peake


ASX:A8G
Australasian Gold (ASX:A8G) - Managing Director, Qingtao Zeng
Managing Director, Qingtao Zeng
Source: Australasian Gold

  • Australasian Gold (A8G) shares have jumped this morning after the company discovered high-grade lithium at its Mt Peake Project in the Northern Territory
  • Rock chip samples returned lithium mineralisation of up to 1.61 per cent lithium oxide
  • Australasian believes there is an area between its sample area, JC001, and Core Lithium’s (CXO) discovery to be highly prospective for lithium mineralisation
  • Managing Director Qingtao Zeng says “the next six months will be exciting for A8G”

    Read the Full Article on The Market Herald here

A8G ENTERS DECEMBER WELL-FUNDED

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Australasian Gold (ASX:A8G) enters December well-funded

ASX:A8G
Australasian Gold (ASX:A8G) - Managing Director, Dr Qingtao Zeng
Managing Director, Dr Qingtao Zeng
Source: Australasian Gold

  • Australasian Gold (A8G) entered the December quarter well-funded with more than $7 million in cash reserves
  • The materials stock finished September 30 with $4.55 million in the bank, before completing a $2.5 million fundraise in early October
  • It spent $217,000 on operating expenses during the period, meaning it has enough cash to keep running for at least another 8.7 quarters
  • A8G spent the September quarter focused on its gold and lithium assets, including completing maiden drilling at the May gold project in Queensland

    Read the Full Article on The Market Herald here

A8G TO RAISE $2.5M LITHIUM EXPLORATION

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Australasian Gold (ASX:A8G) to raise $2.5m for lithium exploration

Materials

ASX:A8G
Australasian Gold (ASX:A8G) - Managing Director, Qingtao Zeng
Managing Director, Qingtao Zeng
Source: Australasian Gold

  • Australasian Gold (A8G) is set to raise $2.5 million through a share placement to fund exploration at its Mt Peake lithium project in the Northern Territory
  • Positively, the placement has attracted the support of two major players in the lithium industry who’ve each subscribed for $1 million as part of the raise
  • Roughly 5.56 million shares will be issued at 45 cents per share to Ruifu and Xingfeng, as well as sophisticated and professional investors
  • The placement is expected to settle on or around October 18

Australasian Gold (A8G) has received firm commitments to raise $2.5 million through a share placement.


Roughly 5.56 million shares will be issued at 45 cents per share to sophisticated and professional investors, as well as lithium industry players Shandong Ruifu Lithium Industry and Tangshan Xingfeng which have each subscribed for $1 million as part of the raise.


Managing Director Qingtao Zeng was pleased to have received support from major lithium companies.


“We were delighted to have attracted major industry participants at this early stage of our discovery journey,” Dr Zeng said. “We have an exciting lithium project in an under-explored pegmatite province and we look forward to accelerating our exploration efforts over the coming weeks and months.”


A8G went into a trading halt yesterday for the capital raise but did not disclose how much it would raise or how it would spend the money.


Today, it confirmed the funds would go towards progressing exploration at its Mount Peak lithium project which is located in the Northern Arunta pegmatite province in the Northern Territory.


Specifically, Australasian Gold will use the money for mapping, geochemical sampling, geophysics and future drilling programs, other exploration work at future projects, and for general working capital.


Read the Full Article on The Market Herald here

A8G TO RAISE CAPITAL

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Australasian Gold (ASX:A8G) to raise capital following CSIRO co-funding

ASX:A8G
Australasian Gold (ASX:A8G) - Managing Director, Qingtao Zeng
Managing Director, Qingtao Zeng
Source: Australasian Gold

  • Australasian Gold (A8G) enters a trading halt while it plans a capital raise
  • It isn’t clear how much is being raised or how the company plans to spend the money
  • Last week Australasian Gold was awarded co-funding through the CSIRO’s Kick-Start Program which will enable it to conduct research-focused lithium exploration at the Mt Peake pegmatite field in the Northern Territory
  • Whether or not the upcoming raise will provide further support isn’t known but the company expects to come out of the trading halt by October 13

Australasian Gold (A8G) has entered a trading halt while it plans a capital raise.


The company hasn’t revealed how much it plans to raise or how it will spend the money. But all details are expected to be released once A8G comes out of the trading halt on October 13.


Last week, A8G announced it had been awarded co-funding from the CSIRO Kick-Start Program. This program helps Australian companies undertake research and development activities with CSIRO, with a focus on areas of national growth priorities.


The initial Mt Peake program budget is $100,000 and the co-fundings will help A8G carry out lithium exploration at the Mt Peake pegmatite field in the Northern Territory.


Whether or not the upcoming capital raise will also support exploration or other activities within the prospective pegmatite field isn’t yet clear.


Managing Director Qingtao Zeng said he was pleased to have received the funding support.


“We are delighted to be able to team up with CSIRO to accelerate our lithium exploration program. CSIRO will be empowering us with the latest equipment capable of identifying most lithium bearing minerals in the field, and enables us to rapidly home in to the right area to explore,” Dr Zeng said.


Read the Full Article on The Market Herald here

A8G RECEIVE MAIDEN DIAMOND DRILL RESULTS

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Australasian Gold (ASX:A8G) receives maiden diamond drill results from May Queen

Mining

ASX:A8G
Australasian Gold (ASX:A8G) - Managing Director, Dr Qingtao Zeng - The Market Herald
Managing Director, Dr Qingtao Zeng
Source: Australasian Gold

  • Australasian Gold (A8G) receives results from its maiden diamond drilling program at its May Queen Gold Project in Queensland
  • Diamond drilling and rock chip sampling have intersected highly encouraging results, indicating potential of a gold-copper porphyry system
  • Drilling grades peaked at 9.39 grams of gold per tonne (g/t) while sampling grades peaked at 2.66g/t gold and 3.43 per cent copper
  • A8G plans to undertake geophysical surveys to define potential silica-rich areas and surface mapping and rock chip sampling to identify lithium mineralisation

Australasian Gold (A8G) has received results from its maiden diamond drilling program at its May Queen Gold Project in Queensland.

May Queen lies within the Brovinia goldfield and is situated 375 kilometres from Brisbane.


In combination with rock chip sampling, the diamond drilling has intersected highly encouraging results, indicating the potential of a gold-copper porphyry system.


Best results include one metre at 9.39 grams of gold per tonne (g/t) from 68 metres, six metres at 1.99g/t gold from 35 metres and one metre at 1.92g/t gold from 48 metres.


These results are pleasing and will aid in future exploration programs.


During the sampling program, nine rock chip samples were collected with more than 2.66g/t gold and 3.43 per cent copper was intersected.


These results highlighted the potential of high-grade gold-copper breccia mineralisation in the northeast area, Managing Director Qingtao Zeng said.


"Our maiden drilling program at May Queen has confirmed the presence of high-grade gold mineralisation and identified a number of exciting follow up drill targets," Dr Zeng said.


"On Sunday we will commence exploration at our lithium project in the Northern Territory where we hope to make a transformative lithium discovery in the Arunta pegmatite province."


Australasian Gold plans to undertake further geophysical surveys to define potential silica-rich areas, and surface mapping and rock chip sampling to identify lithium mineralisation.


Read the Full Article on The Market Herald here

A8G CONCLUDES CAPELLA GOLD BUY

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Australasian Gold (ASX:A8G) concludes Capella Gold buy

Materials

ASX:A8G
Australasian Gold (ASX:A8G) concludes Capella Gold buy
Source: Australasian Gold

  • Australasian Gold (A8G) secures 100 per cent ownership of the Capella gold project in Queensland after finalising its title transfer
  • A8G announced it had acquired Capella, which is situated 10 kilometres south of the company's Mt Clermont project, in June
  • Fieldwork is said to commence "immediately" to better understand gold structures and find continuity of gold mineralisation
  • A8G affirms the project is highly-prospective for gold and base metals and has over 6000 metres of historical drilling data available

Australasian Gold (A8G) has secured 100 per cent ownership of the Capella gold project in Queensland after finalising its title transfer.


A8G entered a binding sale agreement for the project in June to acquire the project in exchange for 500,000 shares at $0.20 per share to Cape Coal on the completion of the title transfer.


Capella is located roughly 10 kilometres south of the Company’s Mt Clermont polymetallic project, which lies in the Drummond Basin in Central Queensland.


A8G affirms the project is highly-prospective for gold and base metals and has over 6000 metres of historical drilling data available.


Australasian said the company's immediate exploration focus will concentrate on gaining a better understanding of northeast striking slip displacements and search for continuity of mineralisation revealed by historical drilling.


Australasian Gold Managing Director Qingtao Zeng said the acquisition of the Capella project was complementary to its existing Mt Clermont polymetallic project.


"We know the Clermont region is well endowed in gold," he said.


"Fieldwork will commence immediately to better understand structures and find continuity of the known gold mineralisation."


The company expects reconnaissance work to commence across the project shortly.


Read the Full Article on The Market Herald here

A8G APPLIES FOR TENEMENT IN MT PEAKE

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Australasian Gold (ASX:A8G) applies for tenement in Mt Peake pegmatite field

Materials

ASX:A8G
Australasian Gold (ASX:A8G) - Managing Director, Qingtao Zeng - The Market Herald
Managing Director, Qingtao Zeng
Source: Qingtao Zeng/Twitter

  • Australasian Gold (A8G) applies for an exploration licence within a prospective pegmatite province in the Northern Territory
  • The tenement covers more than 640 square kilometres and borders fellow ASX-lister, Core Lithium's (CXO) Anningie Project
  • This licence is in the Anningie tin-tantalum-pegmatite fields which is believed to be highly prospective for hard rock lithium mineralisation
  • Managing Director Qingtao Zeng says the company is fortunate to be able to peg free land in the Northern Territory to conduct lithium exploration

Australasian Gold (A8G) has applied for an exploration licence in a prospective pegmatite province in the Northern Territory.


The materials stock lodged an application for EL32830 to the Northern Territory Department of Industry, Tourism and Trade.


The tenement covers more than 640 square kilometres and borders Core Lithium's (CXO) Anningie Project. The tenement is within the Anningie tin-tantalum-pegmatite fields in the north Arunta region and this area is believed to be highly prospective for hard rock lithium mineralisation.


What's more, there is a known tin and tantalum-bearing pegmatite at the Reward tin prospect which is just three kilometres north of the ELA 32830. Previous geochemical analysis from the Reward prospect returned assays of up to 747 parts per million lithium.


Managing Director Qingtao Zeng was pleased to have submitted this application at a time when there's great demand for spodumene concentrate.


"Spodumene concentrate price opens up a new space for lithium-bearing pegmatite exploration," Dr Zeng said. "That is where we see the opportunities. The company is fortunate to be able to peg free land in the Northern Territory to conduct exploration for lithium.


"Given the vast land holding we have and preliminary lithium mineralisation indication in the area, we are extremely excited about the forthcoming field mapping campaign."


Australasian Gold plans to conduct field reconnaissance and geological mapping at the Mount Peake pegmatite field after it explores innovative ways to narrow down a pegmatite outcrop which could potentially host lithium mineralisation.


Read the Full Article on The Market Herald here

A8G RELEASES FIRST QUARTERLY

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Australasian Gold (ASX:A8G) releases first quarterly since ASX listing

Materials

ASX:A8G
Australasian Gold (ASX:A8G) - Managing Director, Dr Qingtao Zeng - The Market Herald
Managing Director, Dr Qingtao Zeng
Source: MetalsTech

  • Materials stock Australasian Gold (A8G) releases its first quarterly report since listing on the ASX in May
  • In June, the company entered a binding agreement to acquire a 100 per cent interest in the Capella gold project which has intersected up to 32.8g/t gold
  • Additionally, Australasian Gold then began drilling at the May Queen Gold Project in mid-June to follow up on historical drilling
  • The company ended the quarter with just over $5.24 million in total available funding, representing 16 quarters of use

Materials stock Australasian Gold (A8G) has released its first quarterly report since listing on the ASX in May.


The company begun trading on the ASX on May 13 after successfully raising $5.5 million in its initial public offering (IPO).


Exploration


Capella

On June 7, Australasian Gold entered into a binding tenement sale and purchase agreement (SPA) to acquire a 100 per cent interest in the Capella gold project from Cape Coal.


To acquire the 100 per cent interest, Australasian Gold issued 500,000 shares at 20 cents, worth a total of $100,000, to Cape Coal.


Historical work at the Capella project has returned results of 32 metres at 3.8 grams of gold per tonne (g/t) from 22 metres including two metres at 32.8g/t gold from 22 metres.


May Queen

Australasian Gold then began drilling at the May Queen Gold Project in Queensland in mid-June to follow up on historical drilling.


Drilling was completed nearly a month later after 1000 metres of diamond drilling was carried out across five holes.


Drill core from the first two holes have been sent to ALS Brisbane for preparation and assay.


Finances


Australasian Gold burnt through $181,000 in the June quarter with all going towards administration and corporate costs.


Additionally, $139,000 was used in investing activities with that going towards exploration and evaluation.


The company ended the quarter with more than $5.24 million in total available funding, representing 16 quarters of use if spending levels remain the same.


Read the Full Article on The Market Herald here

A8G COMPLETES DRILLING AT MAY QUEEN

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Australasian Gold (ASX:A8G) completes drilling at May Queen

Mining

ASX:A8G
Australasian Gold (ASX:A8G) completes drilling at May Queen
Diamond core from 35 m to 45.5m of Hole MQD0001in the May Queen gold project. Source: Australasian Gold.

  • Australasian Gold (A8G) completes its first diamond drilling program at the May Queen gold project in Queensland
  • Drilling began in mid-June with work designed to follow up on historical drilling which identified high-grade gold intervals
  • While results are yet to be received, hole five intersected a 40-metre alteration zone with sulphides visible from 150 metres downhole
  • Samples are currently being assayed and results are expected in four to six weeks with a more detailed announcement to be made then

Australasian Gold (A8G) has completed its first diamond drilling program at the May Queen gold project in Queensland.


Drilling began in mid-June with work designed to follow up on historical drilling which identified high-grade gold intervals.


Work also aimed to test the existing mineralisation at depth and along strike as well as looking for potential parallel structures.


Over 1000 metres of diamond drilling was undertaken across five holes with work completed safely and on schedule.


While results are yet to be received, hole MQD0005 intersected a 40-metre alteration zone with sulphides visible from 150 metres downhole.


Samples are currently being assayed and results are expected in four to six weeks with a more detailed announcement to be made then.


Managing Director Dr Qingtao Zeng is pleased with findings so far and is excited to receive more thorough ones.


"We are excited with the alteration and potential mineralisation revealed by our diamond drilling program, pending the assay results," Dr Zeng commented.


"Visual observation indicates the existence of copper sulphides and we are eager to receive the gold and other element assays soon.


"We are seeing more and more evidence to indicate it is likely that there is a porphyry system underlying the May Queen project."


Read the Full Article on The Market Herald here

A8G BEGINS DRILLING MAY QUEEN

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Australasian Gold (ASX:A8G) begins drilling May Queen

Materials

ASX:A8G
Australasian Gold (ASX:A8G) - Managing Director, Dr Qingtao Zeng - The Market Herald
Managing Director, Dr Qingtao Zeng
Source: MetalsTech

  • Australasian Gold (A8G) has begun drilling at the May Queen Gold Project in Queensland's Brovinia region
  • The maiden drilling program will follow up on historic drilling undertaken at the site which found high-grade gold intervals
  • The diamond drill rig will test the mineralisation at depth and along strike and look for potential parallel structures
  • A8G carried out a ground magnetic survey at May Queen that identified further targets near the northwest mineralisation structure

Australasian Gold (A8G) has begun drilling at the May Queen Gold Project in Queensland's Brovinia region.


The materials stock revealed on Thursday that the diamond drill rig had arrived at the project earlier in the week, with drilling beginning immediately.


A8G's maiden drill program at May Queen was designed to follow up on historic drilling undertaken at the site which found high-grade gold intervals.


The drill rig will test the existing mineralisation at depth and along strike while also looking for potential parallel structures.


A recent ground magnetic survey carried out at the site identified further targets near the northwest mineralisation structure.


All up, A8G expects drilling to run for three weeks and said depending on the results, further drilling may be undertaken at May Queen.


"Depending on the results of the program, the company may look at stepping out drilling to the west in order to test the known west dipping mineralisation," A8G said in a statement.


"As the ground conditions are good and water is sourced locally, it is estimated that the drilling will take three weeks to complete."


Read the Full Article on The Market Herald here

AUSTRALASIAN GOLD SUCCESSFULLY LIST

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Australasian Gold’s (ASX:A8G) securities begin trading after $5.5M IPO


  • Australasian Gold's (A8G) securities have begun trading on the ASX after the company successfully raised $5.5 million via an initial public offering (IPO)
  • The material stock was added to quotation on Tuesday, May 11, while its shares began being traded on Thursday, May 13
  • A8G owns three differing gold assets across Australia, including the Fairview Gold Project, May Queen Gold Project and Mt Clermont Gold Project
  • The company will use the funds from its recent IPO to help fund exploration programs at the projects in Queensland and WA


Australasian Gold's (A8G) securities have begun trading on the ASX, after the company successfully raised $5.5 million via an initial public offering (IPO).


The material stock was added to quotation earlier in the week on Tuesday, May 11, while its shares officially began being traded on Thursday, May 13.


A8G enters the ASX holding three differing gold assets across Australia, including the Fairview Gold Project, May Queen Gold Project and Mt Clermont Gold Project.


Fairview is located in WA's Pilbara region, and Australasian has an application for tenement still pending.


May Queen and Mt Clermont are both located in Queensland, and the company has stated both assets have significant potential.


Australasian Gold will use the funds from its recent IPO to help fund exploration programs at the projects, including drilling campaigns.


The two Queensland-based assets will be explored first, with $1.82 million to be spend on May Queen and $1.3 million on Mt Clermont. 


Meanwhile, A8G shares opened on their maiden day of trading at 18 cents per share.


See Full Story Here 

A8G PINS DOWN DRILL TARGETS AT MAY QUEEN

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Australasian Gold (ASX:A8G) pins down drill targets at May Queen

Materials

ASX:A8G
Australasian Gold (ASX:A8G) - Non-Executive Director, Qingtao Zeng - The Market Herald

  • Australasian Gold (A8G) identifies a magnetic anomaly within its May Queen project in Queensland ahead of a planned 1000-metre drill programme
  • The anomaly spans approximately 500 metres by 400 metres and is speculated to carry associated gold and copper mineralisation
  • Upcoming drills are hoped to investigate the source of the anomaly and test other features identified in the survey
  • Australasian Gold Managing Director Qingtao Zeng says the workings have given the company confidence they are in the right area for drilling

Australasian Gold (A8G) has identified a magnetic anomaly within its May Queen project in Queensland ahead of a planned 1000-metre drill programme.


Geological mapping undertaken at the prospect has given way to what A8G describes as suggestions of pervasive magnetite-related mineralisation that could carry associated gold and copper mineralisation.


A8G describes this particular discovery as an "intense magnetic anomaly" approximately 500 metres by 400 metres in dimension.


The find comes ahead of the ASX-lister's 1000-metre planned diamond drill programme at the project, which is set to test features relating to the ground magnetic surveys.


Drills are hoped to extend known mineralisation below the current approximate 50 metre depth, test additional parallel northwest to southeast trends and investigate the actual source of the anomaly.


Australasian Gold Managing Director Qingtao Zeng said recent historical workings have given the company confidence they are in the right area for drilling.


"There is shallow high-grade gold mineralisation defined by historical RC holes, and these diamond holes will test the immediate dip extension and potential parallel structures both to the east and west," he explained.


Read the Full Article on The Market Herald here

NEW IPO SET TO SHAKE UP THE ASX

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Australasian Gold (ASX:A8G) set to shake up ASX as the new gold stock on the block


  • Fortified by savvy leadership, a thriving gold market and a swathe of lucrative prospects, Australasian Gold (A8G) is set to make an ASX debut like no other
  • Backed by an educated and proficient leadership team, this nimble gold play brings more to the table than just ambitious plans for exploration and production 
  • At Australasian Gold's helm is Managing Director Dr Qingtao Zeng, an individual with key connections in the China-Australia commodities space and the aptitude to advance the company through listing and beyond 
  • The company also touts a suite of intriguing upcoming gold prospects across Western Australian and Queensland, primed for exploration 
  • Nestled in the context of a burgeoning market eyed by commodity hungry investors, A8G's listing comes at an opportune point in time
  • The company is set to make its premiere with a $4.5 million to $6 million capital raising, which closes on April 1, and with commitments from high-net-worth investors already in place — this disruptor will be one to watch


Fortified by savvy leadership, a thriving gold market and a swathe of lucrative prospects, Australasian Gold (A8G) is set to make an ASX debut like no other.


As gold re-asserts itself back into the global market forefront and prices reflect commodity hungry investors, Australian Gold's initial public offering couldn't be more well-timed. 


Australasian is set to make its formal premiere on the ASX on April 23 with an undiluted market cap of up to $9.6 million and just over 48 million shares. The company's goal is to raise at least $4.5 million through its IPO to fuel burgeoning exploration activities. 


While there's certainly no shortage of gold plays on the market, investors are aware it takes more than just stumbling across a physical and metaphorical pot of gold to make it big. 


Australasian Gold embodies a number of key characteristics that set it apart from your typical junior explorer, and perhaps most notably is its leadership team. 


Bolstered by corporate finance expertise, an unmatched understanding of mineral exploration and a keen eye for project development, this new market player is certainly set to cause a stir. 


It pays to be connected 


At Australasian gold's helm is Managing Director Dr Qingtao Zeng. 


Backed by more than just experience in the field, Dr Zeng attained his PhD in geology in 2013 from the Centre for Exploration Targeting, the University of Western Australia, and has published a plethora of academic papers focussing on structure geology. 


Dr Zeng also brings his network of strong connections built during his professional pursuits throughout Asia to the company — crucial relationships that could unlock significant value for Australasian Gold and its investors further down the track. 


He's also been on the ground and involved extensively in gold and lithium exploration as a consulting geologist for Eldorado Gold Limited and CSA Global China and Australia.


With critical experience in connecting Australian companies to Chinese organisations, Dr Zeng and the team are primed to make waves in the precious metals market. 


The China-gold play 


Australia and China are two of the top gold producing countries in the world today, recording outputs of 325.1 tonnes million tonnes and 383.2 tonnes, respectively. 


Whether it be through acquisition, loans or trade, the nature of the relationship between Australian and Chinese gold producers is one of constant evolution, and cultivating that relationship is key. 


China has demonstrated a clear keen interest in Australia's gold producing capabilities over the years and — what's more — has the money to spend.


Upon its listing, Australasia will join a plethora of fellow ASX-listers that have also been able to capitalise on this two-way tango.


Gold explorer Focus Minerals (FML) recently managed to secure a significant $20 million funding facility from China's state-owned mining giant Shandong Gold Group, allowing the company to advance studies at its flagship gold projects on the ground in Australia. 


Cardinal Resources (CDV) has also been eyed by Shandong in a bidding battle that eventually came to a conclusion earlier this year with the company securing a controlling interest in the explorer.


On a national level, gold accounted for $19.7 billion of our global exports over the 2018/19 year and ranked sixth out of our top 20 exports for the period. 


With this encouraging context in mind, Australasian Gold's looks to have secured a promising exploration foothold in the red dirt. 

A portfolio of prospects 


A8G currently has three Australian gold and precious metals projects lined up across two states, with a plethora of exploration activities set to take place immediately after the company makes its listing debut. 


Namely, ASX-lister's flagship enterprises, the May Queen gold project in the Brovinia goldfield in Queensland and the Mt Clermont project in the Drummond Basin of central Queensland. 


There's also the company's Fairview gold project, which will be poised for exploration efforts as soon as the tenement application has been approved. 


Following the approaching listing, Australasian has laid plans for exploration at the two Queensland tenements including geochemical surveys, geophysics and drilling.


Broadly, these efforts are designed to better understand the geology of the areas to lead into expansions of known mineralisation and the pursuit of discovering of new deposits.


A different kind of offering 


Investors have been offered stakes in this nimble gold play at 20 cents apiece, but will only have until April 1 to claim their slice of the action.


Australasian Gold represents an opportunity seldom seen on the ASX, a notion that already appears to have been picked up on by high net wealth investors, receiving nearly $5 million worth of commitments under the IPO so far. 


With its profile only set to flourish as a public company, A8G's goal of turning promising exploration targets to ones of tangible precious metal production, tables a tantalising and attainable prospect. 


As the days leading to Australian Gold's debut draw close, shrewd investors with eyes for the next disruptive gold player may have found just the ticket.


See Full Article Here

ABOUT US

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VIDEOS

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INTERVIEW: Australasian Metals (ASX:A8G) acquires lithium project from (ASX:PRX)



Australasian Metals (ASX: A8G) to purchase lithium tenements off ASX listed junior Prodigy Gold



Australasian Gold (ASX:A8G) identifies high-priority targets at two projects



Australasian Gold (ASX:A8G) to raise $2.5m for lithium exploration



Drill Rig Arrives On Site For Australasian’s First Ever Drilling Campaign




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Open High Low Value Volume
60.5¢ 65.5¢ 60.5¢ $220.7K 351.2K

Buyers (Bids)

No. Vol. Price($)
1 73 65.0¢
 

Sellers (Offers)

Price($) Vol. No.
65.5¢ 30000 1
View Market Depth
Last trade - 11.01am 17/01/2022 (20 minute delay) ?
(live)
Last
63.5¢
  Change
0.040 ( 4.17 %)
Open High Low Volume
60.5¢ 65.0¢ 60.5¢ 55916
Last updated 11.24am 17/01/2022 (live) ?
A8G (ASX) Chart
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