COMPANY OVERVIEW

Transition Resources Pty Ltd (Transition) is a privately-owned, research-focused explorer. It was established in March 2018, acquired its first assets in July 2018, undertook its first field activity in November 2018 and made its first major greenfield discovery in June 2019. 

Transition currently has 3 directors, 15 personnel and 59 retail shareholders. Transition’s first field season commenced in October 2018 and all assets are 100% owned. Total expenditure (five-years) is over A$19 million.

Project Overview:

• Location: near the regional Queensland township of Cloncurry, which is located within the world class Mt Isa Inlier. 
• ~1100km2 mining and exploration tenements in globally recognised metals province (Cloncurry), 100% owned. 
• ~90% of all expenditure directed to field activities. 
• ~A$6.5 million of R&D refunds re-invested. 
• Significant discoveries include: 
1. Duck Creek Copper Project (brownfield copper) with maiden resources of 5.44Mt @ 1.45% copper (JORC 2012) - OPEN 
2. Highway Corridor (greenfield gold-rich mineral system, previously unknown to the region) with estimate 100,000 ounces gold - OPEN 
3. Highway Gold Project (greenfield, gold and critical metals) - OPEN 
• Mine development plans include: 
1. Phase-1: low capex, open-pit, toll-treating high-grade copper/gold. 
2. Phase-2: stand-alone process 

Pre-IPO Offer:

Pre-IPO capital raise of A$7 million in up to three staged tranches.

Tranche 1 of A$4m by issuing 8 million shares @ A$0.50 per share.

THIS OFFER IS FOR SOPHISTICATED AND PROFESSIONAL INVESTORS ONLY AS ASCRIBED UNDER SECTIONS 708(8), 708(10) AND 708(11) OF THE CORPORATIONS ACT 2001

For more information please contact: 

Gavan Farley, Director - Corporate Novus Capital Limited 

Ph +61 2 9375 0114 Mobile +61 420 520 300 gavan.farley@novuscapital.com.au

Wayne Rossiter, Corporate Advisor, Novus Capital Limited 

Mobile +61 420 959 304  wayne.rossiter@novuscapital.com.au

Anthony Thompson, Authorised Representative Novus Capital Limited 

Mobile +61 412 205 799  anthony.thompson@novuscapital.com.au

Click to download Transition Resources Pty Ltd Term Sheet