Common directorship with Dampier Gold, and a not-dissimilar business model: a rapid path to early gold production, through mining an established WA gold resource using an established gold plant.
The project is centred on a gold resource at Halls Creek, where the company has its own 100% owned plant on site in good condition.
The project has an established shallow, open-pittable, high grade gold resource, plus numerous barely-explored high grade gold veins around this, ready to be drilled out to provide additional mill feed.
Plant will be the only one operating in the area, putting the company in a good position to purchase or toll-treat other surrounding stranded gold resources.
LIke Dampier, this appears to be a tight, professionally-run IPO, with serious aspirations to be an emerging gold producer.
There should be steady newsflow post-listing from the drilling out of extensions to the known gold resource, drilling of the surrounding high grade gold prospects and potential negotiations to purchase other resources in the area.
Disclosure: I shall be subscribing to this myself, to hold for the medium term.
(Pay no attention to me though. I am not a financial adviser. Read the prospectus and do your own research).
BNR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
