Polymetals Resources Ltd - ASX IPO

Categories Securities, Pre-IPO / Grey Market
Sale Type Asking Price
Price Guide AUD Raising $5M (Post Money Valuation of A$15.688M)
Status: Closed

Summary:

Latest Media Announcement

Polymetals Resources Ltd is an Australian company, focussed on mineral exploration with a specific initial focus on gold exploration. Polymetals’ 100% owned subsidiary Golden Guinea Resources SARL (Golden Guinea), a private entity incorporated in Guinea, owns two exploration licences within the Siguiri Basin, Guinea, West Africa.

Key Investment Details

  • West Africa’s Siguiri Basin in Guinea is world renowned for its significant gold endowment.
  • Polymetals’ exploration licences are located within the Siguiri Basin 37km east of Anglo Gold Ashanti’s Siguiri Gold Mine which has produced +6.6m ounces of gold of a 14moz resource.
  • The licences have a very high level of gold anomalism with over 18km2 (16%) of the total area covered by +40ppb gold.
  • Phase 1 drilling shows promising grade intersections to depth, characteristic of economic deposits of the type recognised regionally.
  • Significant discovery potential with drilling to commence immediately post listing.

 

 

 

 

 

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