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1VG - Victory Goldfields (1 Viewer)

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Victory Goldfields has systematically built a portfolio of assets in the Cue goldfields comprising of forty-six (46) tenements and a further seven (7) tenement applications. Cue is located in the mid-west region of Western Australia, 665 kilometres north-east from Perth. The Cue goldfields are regarded as one of the most prestigious mining districts of Western Australia with a long and successful history of gold exploration and production.

The Company's strategy is to undertake best practice exploration and development of the Cue goldfields tenements so that they can become Joint Ore Reserve Committee 2012 (“JORC”) Mineral Resources and ore reserves. Leveraging its land holding position, Victory also aims to acquire additional gold opportunities within the Cue goldfields district, either through joint venture or tenement acquisition.

In addition to the above strategy, the Company plans to:
  • focus on mineral exploration or resource development opportunities that have the potential to deliver value for Shareholders;
  • consider investment through acquisition or in joint ventures in other regions that have a strategic fit; and
  • operate in a sustainable and ethical manner for the benefit of all stakeholders.
The Company's prospects have sufficient historical mining and exploration combined with recent geochemical work to have well developed plans to undertake exploration programmes including the reverse circulation and diamond drilling of three (3) priority targets, reverse circulation drilling of a further six (6) prospects and a regional auger drilling programme.

It is anticipated that 1VG will list on the ASX during July 2021.

 

Dona Ferentes

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Listing date14 July 2021 11:30 AM AEST ##
Company contact detailshttps://www.victorygold.com.au/
Ph: +61 418 958 213
Principal ActivitiesMining exploration
GICS industry groupTBA
Issue Price$0.20
Issue TypeOrdinary Fully Paid Shares
Security code1VG
Capital to be Raised$5,000,000
Expected offer close date28 June 2021
UnderwriterNot underwritten. Canaccord Genuity (Australia) Limited and Foster Stockbroking Pty Limited (Joint Lead Managers)
 

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