Capital Raising
CLOSED
Resilience Resources Pty Ltd
Australian Gold, Copper, Silver, Rare Earths mining fully permitted Mill and Infrastructure
INDUSTRY
Resources
RAISING
A$3M
PRE-MONEY VALUATION
A$50M
OFFER PRICE
A$0.05
Investment Highlights
Company Overview
Transaction Overview
Team
News
Transaction Summary
Resilience Resources
Raising A$3M
Pre-money Valuation A$50M
Investment Highlights
Existing JORC Resource mining of 487 koz AU, 10,015 koz Ag and 16,200 t Cu 2
Fully permitted for restart of an established gold mine producing for gold, silver and copper concentrate
Modern processing plant that enables optimised extraction for operational efficiency and cost effectiveness
Forecast LOM Net Cashflows of A$700M
Company Overview
The best results from recent drilling included a 3.1-metre hit at 211.6 grams of gold per tonne (g/t gold) from 94.8 metres, a five-meter hit at 9.2 g/t gold from 96 metres, and a four-metre hit at 5.1 g/t gold from 101 metres.
One high-grade result from the early-stage Gamma Prospect in the project area, highlighting a two-metre intersection at 13.7 g/t gold from 170 metres.
All assets acquired encumbrance free of debt and previous vendor’s royalties
- Private company acquiring an established gold mine and processing plant. The company will look to list on the ASX or LSE in Q1-Q2 2024.
- Experienced mining board and management with proven track record in value creation.
- The management team has track record of value creation having invested in previous Australian mining assets (in production) and invested capital to grow resources and production to generate significant cash flows,
- Funding now being sought to restart the gold mine and pay for associated costs initially and to expand mining production (open pit) in satellite sites in close proximity.
Resilience Resources Pty Ltd is a private company seeking to acquire an operational mine, tenements, processing plant and mine infrastructure assets in excess of $200M which are currently under a daily Care & Maintenance operating plan until full production restarts in January 2024.
The mine is located approx. 150km south of Townsville, Queensland. To date, more than AUD$380m of gold have been mined from the gold mine and satellite deposits show significant regional exploration potential. The tenement package expands 790km2 and includes 11 exploration licences.
To date, more than $12M has been spent on exploration & resource definition under previous ownership, delivering 5 satellite ore deposits and growing mineral resource inventory to over 1m ounces of gold equivalent.
The mine has multiple ore sources with 4 deposits fully permitted for mining today with all approvals required in place and a large development opportunity with significantly high-grade deposits. Approval will be sought in 2024.
Transaction Overview
Seeking to raise up to A$3M in new equity at an issue price of A$0.05 per share
USE OF FUNDS
Site Recommissioning | Acquisition Costs | Working Capital |
---|---|---|
59%
Fill Counter
| 39%
Fill Counter
| 2%
Fill Counter
|
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