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North Stawell Minerals Ltd

North Stawell Minerals Ltd

About North Stawell Minerals Ltd (ASX:NSM) - Offer Now Open

NSM was established for the primary purpose of acquiring, exploring and developing gold exploration tenure immediately north of the Stawell Gold Mine (SGM) in Victoria, Australia. The Company’s objective is to create wealth for its Shareholders through commercial exploration success. We believe that our key to success will be to select highly prospective tenure and to recruit and support a first class exploration team.

The IPO is for an issue of up to 40,000,000 Shares at $0.50 each to raise up to $20,000,000. The Lead Manager is Sequoia Corporate Finance Pty Ltd. Novus is acting as Participating Broker to this Offer.

Highlights

  • The Company is exploring prospective tenements located along-strike of and to the immediate north of the Stawell Gold Mine which has produced in excess of five million Ounces of gold. NSM’s granted tenure has a total land area of 261.9 km2 , with a further 291km2 under application. Stawell is acknowledged to be a corner point of Victoria’s ‘Golden Triangle’, responsible for over 66 million ounces of combined historical gold production.
  • NSM believes there is potential for the discovery of large gold mineralised systems under cover, using Stawell Gold Mine’s Magdala orebody as an exploration model to test 51km of northerly strike extension of the Stawell Mineralised Corridor. Historic exploration to the north has identified a number of prospects with potential to host significant gold mineralisation and the Wildwood Tenement contains an Inferred JORC compliant Mineral Resource Estimate of 55,000 ounces.
  • The Company has inherited a significant geological database consisting of Magdala mine geology and regional datasets. We believe this data provides a huge competitive advantage to our technical team, who will continue compiling and extending this knowledge base with updated geophysics and geochemistry to improve exploration targeting resolution. As a result of expert review and reinterpretation of existing data by NSM’s team of technical consultants and the upcoming acquisition of new geophysical and geochemical data, the Company believes the Tenements have substantial potential for the discovery of commercially viable gold mineralisation.
  • Offer Open:  6 August. Expected Close: 28 August Expected admission and trading on the ASX: 16 September       
  • Note: Directors reserve the right to extend or close the offer early
Click here to view the Prospectus.        

For further information, please contact Stuart Allen of Novus Capital Limited on mobile +61 416 199 825 or via email Stuart.Allen@novuscapital.com.au OR

Russell Krause of Novus Capital Limited on mobile +61 419 365 573 or via email Russell.Krause@novuscapital.com.au