High quality gold project in the
Lachlan Fold Belt (LFB), NSW
Stuart town Gold Project
The project consists of an exploration licence and application for an exploration licence (together, the Project) located between Newcrest Mining Limited’s Cadia mining operation and Alkane Resources Limited’s recent significant porphyry gold-copper drill intercept. The Project covers a significant historic gold field that has had very limited exploration in a premier district- 100% Owned Asset
- Walk-up untested drilling targets below prolific historical mines
- Over 80 documented gold occurrences within the prospect area
- Stuart Town represents one of the densest concentration of historic gold occurrences mapped in New South Wales
One of the best lead manager , Peloton Capital who floated G1A which performed extremely well.
One of the best lead manager , Peloton Capital who floated G1A which performed extremely well.
Significant historical production exceeding 170,000 ounces of gold sourced from many relatively small lode and alluvial gold sources. No major source or pathway has yet been identified for the gold mineralisation. Large interpreted thrust fault zones provide favourable structural setting for an interpreted auriferous intrusive felsic body.
The NSWGS identifies 80 lode gold deposits within the Project area, which includes 43 historical mines and numerous alluvial gold workings. The mines that have been the focus of most of the exploration programs are Quartz Hill, Specimen Hill, and Kaiser Wilhelm mines. All except two of the mines lie within the Cunningham Formation and Crudine volcaniclastics.
The field was initially worked between 1851 and 1910, with most activity during the late 19th century. Recorded production is
5.3 tonnes of gold, but it is apparent from early reports that the actual production,particularly from artisanal workings, was significantly greater.
Historically reported head grades from Mines Department records were in the order of 25 g/t to 30 g/t, consistent with hand-picking of ore to be carted to batteries and amalgam tables.
Management :• Adrian Byass (BSc Geol Hons, B Econ, MAIG and FSEG) – Non-Executive Chairman
• Jonathan Downes (BSc Geophys, MAIG) – Executive Director
• David Palumbo (BCom, CA, GAICD) – Non-Executive Director and Company Secretary
The Board have founded and managed several IPO’s with Mr. Downes being a founding director of 6 IPO’s, with 4 moving into production, 1 currently being built (Galena-G1A) and one permitted and seeking finance.
The average return from IPO listing to peak price is a 15x return.Conclusion : What a time to list this little gem !
Gold prices in AUD terms going parabolic. KAU stuart town gold project is
adjacent to one of the most exciting project of recent times ALK Boda discovery.
Great management pedigree with many proven successes.
Great historical grades ( One of the best in the area).Cheapest valuation when you compare it with everything around their grounds.
ALK 603 mil mcap
AQX 30 mil mcap
MAG 65 mil mcap
Also one of the best and extremely tight capital structure. Peloton capital is the lead manager of this IPO, who floated G1A , and was one of the best RTO of last 5 years.
IMO KAU should open at 50c to 60c and with commencement of drilling , It should touch a magical number of Dollar One which will be only 29 mil EV and still one of the cheapest in the area.
(20min delay)