Auburn Resources Ltd

Originating from Barlynemining (a 100% subsidiary of then D’Aguilar Gold – Now DGR Global), Archer Resources made its debut in the DGR 2011 Annual Report following a 2-million-dollar seed raising in Feb 11 which left DGR holding 67% of the company.
Simultaneously, Archer was preparing a prospectus ahead of a planned 6.0-million-dollar Capital raising and ASX Listing in 2012. The 2012 listing was put on hold citing the significant downturn in Capital Markets. A smaller 1.5 million Pre IPO-raising was then envisaged.
A number of projects came and went over the initial few years, however by 2014, 6 key projects focusing on the discovery of Porphyry Copper Gold Silver Molybdenum deposits in East Australia had been settled on:

Mt Abbot
Gayndah
Calgoa
Drummond Nth
Pinnacle
Great Blackall

During the June Quarter 2015 Jason Beckton was appointed CEO of Archer and while any actual announcement cannot be found, the May 13 release of the DGR MD presentation at RIU Resources Round up, indicates on page 3 a planned raising and listing. This is confirmed in the Highlights commentary for the DGR September quarter 2015 where it states Archers resources activity as “ Rejuvenation as a zinc-copper-gold company, with fund raising commenced and advancement towards ultimate listing”.

In the 2015 DGR Annual report, Note is made that Archer was “currently undertaking a seed raising of 30 million shares at 5cps (AU$ 1.5 million)”. The aim of the raising was to test the Ban Ban Model (see later), with a new Drill program and delivering an initial JORC compliant resource within a 12 month period.

Further, Archer was to use the 1.5 million seed raising proceeds to advance exploration at Mt Abbot, Calgoa, Three Sisters (see later), Gayndah and Pinnacle. Initial review was also to be performed on New Tenements at Great Blackall and newly mentioned Hawkwood which replaced Drummond North on the Tenement list during the Dec 2015 Quarter and came under active exploration for Gold, Nickel, Copper and Bauxite mid-2016.

Notification of the 2015, 1.5million seed raising remained in place until the June 2017 quarterly, In this time DGR holding in Archer decreased from 67% previously to 63% as shown in the DGR 2016 Annual report.

With no explanation found, The Pinnacles Project drops off the radar by the June Quarter 2016 and Great Blackall was removed from the fleet During the March 2018 quarter. I am unable to find any explanation, but suspect Great Blackall failed the initial review.

Interestingly, another Project area got a mention in the 2014 Annual Report – an exciting Gold/Silver Project in Caloola. DGR Global had shareholder approval to transfer an EL in the central Lachlan Ford Belt near Bathurst. At Caloola the deepest historic drill hole at CP10 stopped in mineralization at 96m, later assaying 14m of 3.86 g/t AU from 82m. Little or no further information is available on the Caloola project.

This leaves confirmed at today’s date, the Key Project Areas of:

Mt Abbot
Hawkwood
Gayndah
Calgoa

Mt Abbot contains 3 known Porphyry Cu Mo Au targets which are considered to improve at Depth. The targets are known as Stockyard Creek (the largest), The Springs, and Euri Creek.

Not much information is available about the Gayndah Project (whether this comes from lack of exploration or under reporting is not known). It does however host encouraging drill intersections, and reference is made to the Ban Ban Zinc deposit on MDL409. As per Fig 3 of the DGR 2015 Annual report, the only MDL present is on the eastern edge of the Gayndah Project. From the same report, The Ban Ban exploration target contains approx. 2 to 5 million tonnes grading 7 to 10% Zinc, and, 8 to 10 g/t Silver (all conceptual).
Calgoa attracts interest with the Three Sisters Project (EPM 19379), to the North, where rock and soil samples revealed a second Mo Cu Au target area that was never previously recognized. The Calgoa (EPM 18451) , Covers two large porphyry copper systems, Marodian, and Mt Suthers-Bullock creek, and also, two large areas of Gold only mineralization – historically named the Yorkies and Colo goldfields. Marodian is touted as probably the largest untested Cu Mo Au Porphyry system in the south west Pacific.

The Hawkwood Project was well reported on 3 July 2017 indicating Archer had “delineated Substantial Ni Cu Co soil anomalies interpreted to be the tops of large sulphide deposits on several prospects in the North Western Section”.

No Information has been found as to the demise, or resignation of Mr John Breckton as CEO of Archer, however it is noted he maintains a Directors position on the Board of Dark Horse Resources ( A Key investment of DGR) .
In light of this, on July 5, 2017, Mr Greg Runge (DGR General Manager) was appointed CEO of Archer Resources.

In the same 5 July 2017 Announcement, it was advised Archer Resources was to undergo a name change to Auburn Resources.
It is understood this is to remove any confusion with already listed Archer Exploration which holds no affiliation.

The DGR June 2017 Quarterly report states that planning was underway for IPO and ASX listing of then Archer Resources in October of the same year (Subject to Market Conditions).
3 months later (September) the October Target for listing had been dropped.
By Quarter ending March 2018 the Proposed listing is said to have been advanced at which status it remains today.
(Subject to market conditions).