Egan Street Resources owns the Rothsay Gold Project at which it has undertaken exploration activities and resource evaluation and assessment work on the previously operating Rothsay gold mine.

The Board's objective is to use the funds raised from the IPO to conduct a drilling program to expand known mineralisation and to increase the Indicated portion of the Rothsay Mineral Resource and to carry out evaluation, modelling and feasibility studies with the aim of, subject to positive results of such work, progressing a potentially near term, low capital intensity opportunity to commence development and gold production operations.

It is anticipated that EGA will list on the ASX during September 2016.