DGR Global (ASX: DGR) is not just another resources company. DGR Global is a resource company creator based in Australia.
Our project generation, exploration, corporate management and investment capabilities provide diversity across several different commodities, countries and international exchanges. With our group of talented geoscientists, we focus on exploring and developing projects that will yield valuable world-class resource assets.
Strategic investments in the mining industry
DGR’s five strategic publicly listed investments cover a wide range of demanded commodities such as copper, gold, lithium, cobalt, nickel, tin, oil, gas, iron ore and bauxite. These companies were all created, seeded and floated by DGR.
Auburn Resources, Coolgarra Minerals, Albatross Bauxite and Pinnacle Gold are currently the DGR ‘private’ or ‘publicly unlisted’ companies in the DGR pipeline. These companies yield promising potential, yet are still early stage or grassroots minerals and metals exploration across Queensland.
DGR has also secured the majority interest (83.18%) in a highly prospective oil investment in the Kanywantaba Block in the Albertine Graben, Uganda.
Copper-Gold in Ecuador
DGR holds 12.04% in SolGold (LSE and TSX: SOLG) which is focused on the discovery of world-class copper-gold porphyries in Ecuador. The current value of DGR Global’s investment in SolGold is approximately $85 million.
SolGold owns 85% of the Cascabel project, which has yielded significant intersections for porphyry copper-gold exploration.
Assay results from the initial 53,616m of drilling at Alpala were incorporated into the Alpala maiden Mineral Resource Estimate (MRE) completed in December 2017 and announced by SolGold on 3 January 2018.A further 60,300m of drilling has been completed since development of the MRE, and major resource growth is expected in a revised MRE.
SolGold geologists are observing extensive resource growth outside current inferred and indicated resource blocks at Alpala as well as observing substantial conversion of previously estimated resource tonnage to higher grades as drill hole density increases throughout the deposit area.
In addition to the Cascabel Project, SolGold has created four 100%-owned subsidiaries to explore the further 73 concession granted across Ecuador (3,200km²). Ongoing exploration across those areas continues to provide new discoveries of copper and / or gold prospective targets.
SolGold has been strongly endorsed by Newcrest Mining who own 14.54% of the company.
Lithium and Gold in Argentina
DGR holds a 17.5% investment in Australian-based mineral resource company Dark Horse Resources (ASX: DHR). The current value of DGR Global’s investment in Dark Horse Resources is approximately $7 million.
Dark Horse Resources is an Australian based mineral resource company, with a particular focus on Argentina, where it has invested in gold and lithium projects, with objectives to:
Drilling commenced at the Las Tapias Mine Lithium Project on May 22, 2018 and the first drill holes have been sited to intersect the lithium-rich, massive spodumene zones identified by Dark Horse in the old underground caves, where two separate, continuous 30-metre sections were previously sampled and analysed, with encouraging assay results reported by Dark Horse. This rich zone will be chased along-strike and down-dip to determine its true extent and grade, and once sufficient data is obtained, a maiden JORC-compliant Resource Estimate will be prepared.
DHR also has a power generation subsidiary, Dark Horse Energy and a substantial holding (33%) in Australian-based and ASX-listed oil and gas exploration company Lakes Oil NL (ASX:LKO).
Tin and Cobalt Investments
DGR holds 18.4% of Aus Tin Mining (ASX: ANW), which focuses on the exploration and development of tin and cobalt projects in Australia. The current value of DGR Global’s investment in AusTin is approximately $6 million.
Aus Tin Mining’s three main investments are Granville (tin production), Taronga (tin development) and Mt Cobalt (cobalt exploration). In December 2017, Aus Tin Mining received development approval to undertake mining and processing at the Taronga Tin Project. The first stage of development will comprise a trial mine and pilot plant to process ore and produce a saleable concentrate over an 18-24 month period.
Aus Tin is actively exploring at the Mt Cobalt project located in southern Queensland. Mt Cobalt comprises three targets, namely:
Aus Tin Mining’s current programme targeting the enriched high-grade cobalt-manganese mineralisation follows work completed in 2016. Aus Tin is also producing tin concentrate at the Granville Tin Project in Tasmania.
Discovery and Production of Oil and Gas
DGR holds a 22.43% investment in Armour Energy (ASX:AJQ), a production and exploration company that concentrates on the discovery, development and production of gas and associated liquids resources. The current value of DGR Global’s investment in Armour Energy is approximately $18.5 million ($8m in shares at market value plus $10.5m in Convertible Notes at face value).
Armour’s Kincora assets near Roma in Queensland offer significant cash flow opportunities through the production of oil, gas, and liquefied petroleum gas (LPG) and condensate. This project helps to establish Armour as a significant producer and is strategically located near the Wallumbilla gas hub on the east coast of Australia.
On 31 May 2018, Armour advised the market of the spudding of Myall Creek Well 4A, designed as a a production well for the Company’s Kincora Project on the Roma Shelf, which is currently producing and selling gas at the rate of 9TJs per day.The Myall Creek 4A well has been located and designed on the basis of proximity to existing productive wells using state of the art seismic interpretation, and stimulation and completion techniques. The well will be partly funded by a Federal Governamnet Gas Acceleration Program (GAP) grant of up to $6m to assist with the drilling of four production wells over the next 12 months.
Additional capacity of the Newstead storage facility provides Armour with a significant business opportunity to manage this facility and maximise returns during periods of high gas demand.
Armour has secured 16.82% in a highly prospective oil project in the Kanywantaba Block in the Albertine Graben, Uganda.
Discovery and Development in New Frontiers
DGR holds 24.4% of IronRidge Resources (AIM: IRR), a minerals exploration company with a diversified portfolio in frontier regions of Africa and Australia. The current value of DGR Global’s investment in IronRidge is approximately $33 million.
IronRidge has numerous province-scale gold and lithium projects in Ghana and the Ivory Coast, in addition to an extensive province-scale gold portfolio in Chad. The company also has advanced bauxite and titanium projects in Australia and two wholly owned province-scale iron-ore projects in Gabon.
On 2 May 2018, IronRidge provided a market update on its gold and lithium portfolio in Côte d’Ivoire, where four licenses have been granted, interim exploration programmes have been completed, and a new fieldwork program has commenced including auger drilling.
On 21 May 2018, IronRidge announced that it had encountered multiple, broad visible pegmatite intersections in reverse circulation drilling currently underway at the Ewoyaa Lithium Project in Ghana, West Africa. More specifically, multiple, broad visible pegmatite zones were intersected in the first nine reverse circulation (RC) holes completed over the central zone of the Ewoyaa Project. IronRidge’s first phase 5,000m drilling programme is ongoing, currently assessing the southern and northern zones of the Ewoyaa Project and expected to be completed within the coming months. Samples from the first nine RC drill holes have been sent to SGS Ghana for sample preparation and analysis in SGS South Africa. Results are expected within one to two months.
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