The Company was incorporated on 22 September 2020 with the objective to identify and acquire mineral exploration projects and interests.
In January 2021, the Company acquired 100% of the interests in the tenements and tenement applications comprising the Edjudina Project and Victoria Bore Project via tenement sale and purchase agreements. The Projects are prospective for gold and copper. Since then, the Company has focussed on raising seed capital and defining and undertaking initial exploration programs on the Projects.
The proposed strategy of the Company is to focus on the exploration of mineral resource opportunities to deliver growth for Shareholders. The Company intends to commence exploration, including geochemical analysis and phased aircore and RC drilling campaigns as soon as practicable. The results of the exploration programs and technical studies will determine the economic viability and further possible exploration and/or testing including pre-feasibility studies at the Projects.
In addition, the Company will continue to explore other mineral exploration opportunities and to grow the Company’s suite of projects by acquisition, application or joint venturing into areas surrounding and adjacent to the Projects as well as in other areas which support the Company’s key business objectives.