Mantle Mining Corporation (ASX: MNM)
One ASX company with a promising high-grade gold project in Victoria, Australia is looking to add to the region’s rich gold production history.
This $9 million capped company has acquired 95% of the Morning Star mine in the Woods Point Goldfield, a district that boasts 6 million ounces of historical high-grade gold production.
After an extensive business restructure, the Morning Star mine is now the company’s core focus and early indications are the company has picked the right project to help it make some history of its own.
Morning Star has historical production of 830,000 ounces of gold at 26.5g/t, along with many existing unexploited high grade zones. So it’s worth bearing repeating here: this company holds almost all the ground in a district with 6 million oz. of historical high grade gold production.
With the only fully permitted plant in the region and with only minor works required to achieve mining and plant operation, this company is in a strong position to commence near-term mining at Morning Star.
However, this isn’t the only trick in its bag. The company also has gold prospects in Queensland and a 49% shareholding in another Victorian project, representing almost 1 million ounces of inferred, measured and indicated gold.
The information on this page should not be the only trigger for your investment decision. Click on the links below for a more in-depth and informed examination of the company. We strongly recommend you seek professional financial advice whenever making financial investment decisions.
With the current gold price sitting around AU$1,600 per ounce, this company is well placed to take advantage of an Australian-based asset that has seen little exploration in the past 25 years.
The company continues to collate data and review its core asset, along with surrounding tenements, as it looks to develop high priority mining zones for an expedited return to production for the Morning Star mine.