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Corporate Spotlight

The Company is focussed on the Redcliffe Gold Project, located 240km north of Kalgoorlie and 40km northeast of the historic gold mining town of Leonora.
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ASX Announcement 6 May 2019 


  • Follow up aircore drilling at Hub intersects 10m @ 4.4 g/t gold from 55m 
  • Hub gold mineralisation extends over 1,000m of strike and remains open to north and south and at depth 
  • RC drilling has commenced at Hub, following up previously announced aircore results of 10m @ 23.3 g/t gold from 55m and 10m @ 9.0 g/t gold from 65m 
  • Gold mineralisation associated with the Mertondale Shear extends over +30 kilometres, highlighting the prospectivity of the entire Redcliffe project with large areas yet to be effectively explored

NTM Gold Ltd (ASX: NTM) (“NTM” or “the Company”) is pleased to announce further encouraging results of the recent aircore drilling program completed at the Redcliffe Project located near Leonora, Western Australia. 

Two infill lines confirmed a +700m mineralised trend at the northern end of Hub, as initially delineated in the first pass aircore drilling that was completed in April this year. The infill drilling intersected high-grade mineralisation of 10m @ 4.4 g/t gold, doubling the length of the high-grade mineralisation to 200m. This high-grade mineralisation contained the exceptional first pass intersections of 10m @ 23.3 g/t from 55m and 10m @ 9.0 g/t from 65m, as announced to ASX on 16 April 2019. These higher-grades are within the +1,000m Hub mineralised trend that remains open to the north and south. RC drilling has commenced to test depth extensions. Better results from the infill drilling included:


10m @ 4.43 g/t Au from 55m, incl. 5m @ 6.25 g/t Au, 

5m @ 2.24 g/t Au from 45m, and 

5m @ 1.70 g/t Au from 15m

At Aliso, the aircore drilling successfully extended the mineralisation intersected in 2018’s aircore. The latest drilling has traced the mineralisation over 500m. Aliso is an early stage prospect, located at the northern end of Redcliffe. Better results include:


5m @ 2.85 g/t Au from 90m.

NTM Gold Managing Director Andrew Muir commented: 

“The aircore drilling has continued to demonstrate the prospectivity of Redcliffe, delineating and extending gold mineralisation at two prospects. The Company is excited by the potential it sees at Hub which will be the focus for the short- to medium-term drilling campaign. With high grades, a 1 kilometre strike length and remaining open at depth, we see Hub as having the potential to add significant value to NTM. 

Redcliffe Project - Hub and Aliso Prospects over Aerial Magnetics 


The aircore program is a first pass testing phase to assess for the presence of gold mineralisation, with positive results to be followed up by Reverse Circulation (RC) drilling. The aircore holes were drilled to blade refusal with depths ranging from 27m to 120m, depending upon the depth of oxidation. All samples were taken as 5m composites. 

All assay results are now available for the programme. A total of 128 holes (19RAC001-128) for 7,894m was completed at a number of areas including Hub North, Aliso and Nambi. Results for holes 19RAC001-065 were previously reported to ASX on 16 April 2016.

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ASX Announcement 30 April 2019 


  • Exceptional results from wide spaced aircore drilling at Hub, confirming significant mineralisation 
  • Excellent initial RC drill results from Redcliffe East 
  • Outstanding follow-up RC drill results from Hub 
  • 128 hole aircore program commenced and completed after quarter end for 7,894m 


  • DGO Gold Tranche 2 funding of $1.5m received 
  • Mr Eduard Eshuys joins the NTM Board as a Non-Executive Director


Aircore drilling (5m composites) 

Hub North 

10m @ 23.3 g/t from 55m, 

10m @ 9.0 g/t from 65m, 

5m @ 2.9 g/t from 20m, 

2m @ 3.1 g/t from 25m to EOH, and 

5m @ 2.9 g/t from 75m. 

RC drilling 

Redcliffe East 

14m @ 2.96 g/t Au, incl. 2m @ 6.79g/t Au & 2m @ 6.00g/t Au. 


2m @ 4.67 g/t Au, and 

2m @ 2.38 g/t Au. 

Bindy North 

4m @ 2.47 g/t Au, incl. 1m @ 8.43 g/t Au.


During March 2019 Quarter, NTM Gold Limited (ASX: NTM) (“NTM” or “the Company”) completed several drilling programmes including a follow-up RC program testing a number of targets at the Company’s 100%-owned Redcliffe Gold Project (“Redcliffe”), located near Leonora in the Eastern Goldfields of Western Australia. Additional drilling included a diamond drilling program testing depth extensions at a number of existing deposits, and an aircore drilling program testing the priority Hub North area together with other prospects late in the quarter

Redcliffe Project Targets and Selected Prospects over Aerial Magnetics 

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ASX Announcement 16 April 2019 


  • First aircore holes to the north of Hub intersect exceptional gold grades including: 
    • 10m @ 23.3 g/t Au from 55m – with visible gold at 59m & 62m, 
    • 10m @ 9.0 g/t Au from 65m, 
    • 2m @ 3.1 g/t Au from 25m to EOH, and 
    • 5m @ 2.9 g/t from 75m. 
  • The drilling tested the 800m gap north of the Hub prospect, defining mineralisation over +500m of strike and still open to the north
  • Aircore drilling is ongoing with infill lines at Hub underway

Goldfields explorer NTM Gold Ltd (ASX: NTM) (“NTM” or “the Company”) is pleased to announce exceptional aircore drilling results from Hub prospect within the Redcliffe Project located near Leonora, Western Australia. The Hub drilling is part of a larger campaign testing a number of targets, with the majority of the program testing potential northern extensions to NTM’s 2018 Hub discovery. 

NTM completed 65 aircore holes to the north of Hub for 4,785m of the c.8,000m program. Other areas being tested include Nambi North and Aliso. The assay results from the northern Hub drilling are exceptional, and demonstrate the potential for the Hub prospect to host significant mineralisation. Better results include (5m composites):

10m @ 23.3 g/t from 55m in 19RAC005, 

10m @ 9.0 g/t from 65m in 19RAC016, 

5m @ 2.9 g/t from 20m in 19RAC024, 

2m @ 3.1 g/t from 25m in 19RAC056, and 

5m @ 2.9 g/t from 75m in 19RAC059.

This latest drilling has defined a mineralised corridor north of the original Hub mineralised zone of at least 500m length and still open to the north. This is in addition to the +300m of strike of the original Hub discovery in 2018, south of the ultramafic dyke, which remains open to the south.

Two follow-up infill aircore lines are currently underway between several of the first pass 200m spaced lines to better define the mineralised zone, with results due in the next few weeks.

NTM Gold Managing Director Andrew Muir commented: 

“The results from testing the northern extensions of Hub has delivered some remarkable results, demonstrating that the Hub mineralisation continues for at least another 500m and remains open, growing the Hub footprint substantially. 

Infill aircore drilling is underway, with deeper follow-up RC drilling planned for May. The RC will give crucial information to the extent of the mineralisation, and should results be positive, the Company will undertake more detailed drilling with the aim of defining an initial resource estimate towards the end of 2019”. 

Redcliffe Project Targets and Hub Prospect over Aerial Magnetics 

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ASX Announcement 28 March 2019 


◼ NTM has begun the latest aircore campaign at the Redcliffe Gold Project. 

◼ The aircore is targeting a number of new prospects. 

◼ Initial focus will be to the north of the exciting new Hub discovery. 

◼ Diamond drilling continues, with a second hole at Hub. 

◼ RC drilling program will commence in May.

NTM Gold Ltd (ASX: NTM) (“NTM” or “the Company”) is pleased to announce the resumption of aircore drilling as the Company continues an aggressive exploration program at its 100% owned Redcliffe Gold Project located near Leonora, Western Australia. The aircore campaign follows on from the highly successful 2018 aircore work that returned multiple +1g/t Au intersections from six targets and identified the exciting Hub prospect. 

This latest aircore campaign will comprise approximately 8,000m of drilling across the Redcliffe Project, including at the Hub North, Nambi North, Infinity and Aliso prospects.

The bulk of the drilling will focus on an 800m gap to the north of the recent Hub discovery, which has never been drilled. The Hub mineralisation was identified during the 2018 aircore program by NTM with initial intersections of 7m @ 4.7g/t Au, 10m @ 2.7g/t Au and 5m @ 4.66g/t Au (refer ASX announcement 17 October 2018). Mineralisation has since been identified at depths of more than 250m downhole in RC drilling.

The aircore program will also follow up previous intersections at Infinity and Aliso as well as testing structural targets at Nambi North.

The diamond drilling at Redcliffe is ongoing, with holes completed at Nambi, Bindy, GTS and Hub. The rig is currently drilling a second core hole into the Hub, the final hole of the diamond program.

NTM Gold Managing Director Andrew Muir commented: 

“Our aggressive exploration program of Redcliffe continues, with the resumption of aircore drilling to target new deposits. This program is in parallel to our diamond and RC drill campaigns that are aimed at expanding existing deposits and drilling out recent discoveries. The ongoing drilling should result in regular exploration results news flow over the next few months as NTM continues to deliver value for shareholders.” 

Redcliffe Gold Project Targets and Selected Deposits over Aerial Magnetics 

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The NTM Board has a diverse range of technical, legal and commercial skills.

Mr Paul Price

Mr Price is a commercial lawyer with extensive experience in legal and commercial matters focussing on the resource sector. He has advised national and international companies on commercial transactions, corporate governance, capital raising and structuring issues. He is a member of the Australian Institute of Company Directors, AMPLA (the Resources and Energy Law Association) and the Association of Mining and Exploration Companies. He has a Bachelor of Jurisprudence, a Bachelor of Laws, and a Masters of Business Administration all from the University of Western Australia.

Mr Andrew Muir

Andrew Muir has more than 25 years’ experience in mining and finance, having originally qualified as a geologist from UWA in 1993. As a geologist, Mr Muir spent 12 years working in many remote parts of Western Australia in a variety of roles in both exploration and mining. His exploration roles included: the early stage drill-out of the Jundee gold deposit; grassroots exploration around Southern Cross and Bullfinch; and a number of years at the Granny Smith operation where he was the Lake Cary project geologist. Whilst at Granny Smith, Mr Muir was instrumental in the discovery of the multi-million ounce Wallaby deposit. His mining experience includes both open pit and underground roles at a number of sites including Agnew, Paddington and Kundana. In 2005 Mr Muir transitioned into the financial markets, working as a Resources Equity Analyst for firms such as JP Morgan, Hartleys and PCF Securities, and in the Corporate Finance team at Argonaut. In 2009 he won the Starmine and Australian Financial Review Stock Picker of the Year for Mining and Metals. Mr Muir holds a Bachelor of Science degree with Honours, majoring in geology, from the University of Western Australia, a Graduate Diploma in Applied Finance and Investment from the Securities Institute of Australia (now FINSIA) and is a Fellow of Finsia. B. Sc (Hons), GDipAppFinInv, FFin.

Mr Rodney Foster

Mr. Foster is a geologist with over 27 years’ experience in the gold exploration and mining industry in Western Australia and Victoria. Prior to joining NTM in April 2016 Rodney was the managing director of Redcliffe Resources Limited and lead the exploration and development programme on the Redcliffe Gold Project which successfully identified a number of new gold deposits within the project area. He has extensive geological and management experience, in particular within the Western Australian Eastern Goldfields. He has previously worked with for Pancontinental Mining at Paddington, Samantha Exploration, CSR’s Gold Resources Pty Ltd and North Kalgurli Mines on the Golden Mile, Money Mining NL, Peak Resources Ltd. He was also the founding Managing Director of Goldminco NL, a Victorian exploration company. BSc, AusIMM.

Mr Edward (Ted) van Heemst

Mr van Heemst is a prominent Perth businessman with 40 years’ experience in the management of a diverse range of activities with large private companies. He has extensive knowledge of the capital markets and has well-established mining industry networks. Mr van Heemst is currently the Managing Director of Vanguard Press, a non-executive Director of Redstone Resources Ltd, and a past Chairman of Perth Racing. Mr van Heemst holds a Bachelor of Commerce degree from the University of Melbourne, an MBA from the University of Western Australia and is a member of the Institute of Chartered Accountants Australia. B. Com, MBA, CA, CPA.

Mr Mark Maine

Mr Maine is an experienced company secretary and former managing director and founder of ASX listed company Peak Resources Limited. He currently operates a consultancy business specialising in company secretarial practice, corporate governance and administration. M Com, B Bus (Accounting), P/G Dip (Com Law), CPA.


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