THE BOURSE WHISPERER: A quick look at some up and coming Resource companies waiting to list on the boards of the ASX.
American Patriot Oil & Gas Limited
Proposed ASX code: AOW
Proposed listing date: 12 may 2014
American Patriot is an oil and natural gas exploration and development (E&P) group, focused on oil and gas exploration and development opportunities in Rocky Mountain Basins.
Since its establishment, American Patriot has assembled, what the company considers to be, a portfolio of prospective oil and gas exploration assets in America.
American Patriot is headquartered in Melbourne, with a U.S. office in Denver Colorado.
The company will have approximately 56,000 Gross Acres under lease across five key projects.
American Patriot is currently engaged in developing and exploiting these properties to provide long-term growth in stockholder value.
China Mining Limited
Proposed ASX code: CMF
Proposed listing date: TBA
China Mining Limited is a mining group which focuses on global mining investment and development business.
The company is currently operating mining projects in Australia, with the aim to assist overseas mining companies to develop business with China, and helping Chinese investors to invest in the overseas mining projects.
China Mining said it hopes to work alongside other mining organizations and to co-operate wherever possible, to promote the mining industry.
According to the company, Australia’s highly-developed infrastructure, skilled workforce and strong focus on R&D and innovation makes the country an ideal destination to establish mining operations.
Fifth Element Resources Limited
Proposed ASX code: FTH
Proposed listing date: 19 May 2014
Fifth Element Resources Limited offers investors exposure to early stage copper and gold exploration projects in an established mining area of Mid-Western New South Wales.
The company is a junior mineral exploration company that has assembled a diversified portfolio of prospective projects it claims provides exposure to the key commodities of gold and copper.
The company has been conducting exploration since early 2012, which has resulted in the acquisition of four Exploration Licences.
Fifth Element described its core objective to be the generation of shareholder wealth through the successful exploration and development of mineral deposits.
Its focus is on adding value to the gold and copper potential of the tenements through staged program of target identification, delineation and testing by application of high resolution airborne magnetics and gravity studies resulting in the identification of targets for drilling.
Huayi Resources Limited
Proposed ASX code: HUA
Proposed listing date: 15 May 2014
HuaYi Resources currently has a magnesite project in the mountainous region of Haicheng City, in the Province of Liaoning, PRC (Jincheng magnesite project).
The company claims SRK has undertaken 3D modelling, which indicates an exploration target tonnage estimate of between 41 million tonnes and 46 million tonnes of magnesite mineralisation could be considered for the Jincheng Magnesite project.
HuaYi Resources indicated it intends to undertake a drilling program with the aim to provide JORC (2012) compliant resource for the Jincheng magnesite project and verify and validate PRC classified mineralisation estimates undertaken in the PRC in 2009 and 2012.
The company has a five-year mining license expiring on 20 November 2014, which it expects will enable it to remove up to 300,000 tonnes of magnesite ore per annum from the Jincheng magnesite project.
The project covers an area of 0.214 square kilometres with permitted operation altitude of 150 metres to 437 metres (being the metres above sea level at which it may extract magnesite ore).
Stavely Minerals Limited
Proposed ASX code: SVY
Proposed listing date: 7 May 2014
Stavely Minerals Limited (Stavely Minerals) is a mineral exploration company formed to acquire early to advanced stage exploration projects with demonstrated high potential for additional discovery.
Stavely Minerals was founded and is operated by members of the former Integra Mining Limited management team with a track record of discovery and value creation.
In January 2013 Stavely Minerals (previously Northern Platinum) agreed to purchase the Stavely and Ararat projects from BCD Resources.
The agreement was formally executed on the 20th May 2013.
Mount Adrah Gold Limited
Proposed ASX code: MLT
Proposed listing date: 6 June 2014
The Mount Adrah gold project is approximately 23 kilometres north-west of the township and old gold mining centre of Adelong, in central western New South Wales.
Mount Adrah Gold was an early mover in recognising the potential discovery of a large, new style of gold system –IRGS, in the Adelong-Wagga Wagga portion of the Gilmore Suture and juxtaposed hinterland.
Intrusions and minerals deposits occur along a north-west trend, parallel to the Suture, and appear to be localised on west and southwest trending cross faults or fracture systems.
Mount Adrah Gold considers this to be a prime exploration target for further mineralised IRGS deposits.
RTG Mining Inc
Proposed ASX code: RTG
Proposed listing date: 6 June 2014
RTG Mining is listed on the main board of the Toronto Stock Exchange and is a mining exploration company focussed on developing new gold opportunities.
The Company is earning a 51 per cent interest in the Segilola gold project in Nigeria, which it claims to host the largest undeveloped gold resource identified in Nigeria.
At the Segilola gold project, RTG has identified a maiden NI 43-101 compliant indicated resource of 521,814 ounces of gold contained in 3,620,386 tonnes at a grade of 4.5g/t and an inferred resource of 96,445 ounces of gold contained in 747,590 tonnes at a grade of 4g/t from just its first pass 11,000m drill program.
RTG was listed on the TSX in April 2013, subsequent to the Merger of Ratel Merger Limited with Ratel Group, and completed a capital raising of over C$20 million (net proceeds) upon its listing.
RTG has an experienced management team, and has B2Gold Corp. (the new parent entity of CGA Mining Limited) as an 18.2 per cent shareholder in the company.
B2Gold is a member of both the S&P/TSX Global Gold and Global Mining Indices.
RTG is focused on monetising its existing assets and acquiring major new assets which will allow the company to move quickly and safely to a producer.
Disclaimer: The above is intended as a guide only. The Roadhouse accepts no responsibility for investments made from this advice, successful or otherwise.
The views, opinions or recommendations of this article do not in any way reflect the views, opinions, recommendations, of The Resources Roadhouse.
The Roadhouse makes no representation or warranty with respect to the accuracy, completeness or currency of the content. The content is for educational purposes only and does not constitute financial advice. Independent advice should be obtained from an Australian financial services licensee before making investment decisions.