Australian (ASX) Stock Market Forum

PR2 - Piche Resources

27 June 2010
Piche Resources is a junior exploration company, with the Company focussing on exploring for uranium, precious metals and other critical metals mineralisation in Western Australia and Argentina.

The Company's Australian assets comprise seven granted exploration licences in Western Australia, covering four projects – Ashburton, Gascoyne-Minindi, Abydos and Beasley Creek. The Group's principal Argentinian assets cover two projects – Sierra Cuadrada and Cerro Chacon – currently comprising 10 recently granted mining concessions and 18 applications for mining concessions.

The Company's strategy has been to build a portfolio of potentially large-scale, high value projects and then fast track exploration and development. The Company's short term strategy is to complete three significant exploration and drilling campaigns on the Ashburton uranium project in Western Australia, and at Sierra Cuadrada uranium and Cerro Chacon gold projects in Argentina. Within these project areas the Company has identified areas where it will shortly commence its exploration activities. Based on work undertaken to date (and as further described in the Independent Geologist's Report), the Company considers that each of those projects has the potential to host significant uranium (Ashburton / Sierra Cuadrada) and gold (Cerro Chacon) mineralisation.

It is anticipated that PR2 will list on the ASX on 31 May 2024.

Listing date31 May 2024 #
Company contact details
Ph: 61 401 248 048
Principal ActivitiesMineral exploration
Issue PriceAUD 0.20
Issue TypeOrdinary Fully Paid Shares
Security codePR2
Capital to be Raised$10,000,000
Expected offer close date17 May 2024
UnderwriterNot underwritten. Euroz Hartleys (Lead Manager)