Cashed up and ready to roll for Empire Metals
“…This is a great buying opportunity when you look at the underlying assets and the fact we’ve got significant cash in the bank. We’re very undervalued. I can assure our shareholders that making a brand new Copper/Gold deposit will add enormous value to our shareholders…”
Empire Metals Limited has come a long way in the last two years. It has changed its name, its geographical focus and it’s not known for prevarication but pace where its exploration targets are concerned.
This year the company’s copper-gold portfolio got bigger with the majority ownership of three more prospects namely Pitfield, Stavely and Walton joining the Eclipse and Gindalbie ventures.
Managing Director Shaun Bunn gives perspective to the size and scope of the projects. He reminds investors that the company started in Australia with ten kilometers. It now has 1728 square kilometers. “We have reduced exploration risk and started to hone in on three exploration camps to identify a major target. This is going to be a discovery of a major copper gold deposit.” The fact that the discovery in the making is in a jurisdiction as “secure as Australia” is going to add “enormous value to our shareholder base.”
When you look at the company’s corporate presentation the board’s vision is particularly evident in the West coast of Australia. It’s to see if the centuries old workings peppered across its license area can be joined up to identify a series of gold-bearing shear zones. Once that’s been established, continue to locate the high grade mineralization that recent drill programmes have identified.
The company is well funded for years according to Bunn after raising £1.7 million to accelerate work programmes at pace and find yet more stellar gold intercepts. “We’ve got the flexibility to fast track which gives us a lot of upside in the short term,” says Bunn who has been putting drill rig operators on standby.
“We’re well funded to execute our programmes. We’ve got high grade targets in front of us. We’re ready to go. We’ve done the hard yards around Eclipse. We’ve done the hard work over the last six months to pinpoint the shear and we’re going to start targeting these high grade loads around the Eclipse Zone.”
As Shaun explains to Sarah Lowther, it’s all adding up to being a very good news story with “really robust, really promising exploration targets for us to develop. We’re very undervalued. This is a great buying opportunity when you look at the underlying assets and the fact we’ve got significant cash in the bank.”
Watch Shaun talk to Proactive London’s Katie Pilbeam about raising £1.7 million.
Shaun, Finance Director Greg Kuenzel and Chairman Dr Neil O’Brien talk about the investment case in this Investor Meet video.
View the company’s corporate presentation from May 2022
Follow the company on Twitter @Empiremetalsltd
The author was remunerated but does not hold shares in the company