Awati Resources ASX:AWA

Awati Resources


Awati is a gold exploration company with corporate offices in Perth, Western Australia.

The Company was incorporated as a private company limited by shares on 26 September 2003. On 5 January 2018 the Company converted to an unlisted public company limited by shares.

Since incorporation, the Company has assembled a portfolio of nine prospective tenements and one tenement application in far north-western NSW, Australia, in a district well known for alluvial gold, and where the Company believes there is significant bedrock, orogenic gold potential.

The tenements cover approximately 903 km2 and include 160 kilometres of prospective strike length which is interpreted as a geological structural corridor and have been tested in select locations, some of which have been found to host gold mineralisation.

Alluvial gold production from the Tibooburra region between 1883 and 1930 amounted to between 60,000 and 100,000 ounces of gold, of which bedrock reef production accounted for approximately 10%.

More recently, gold nuggets and specimen stones have been discovered in the southern extents of the prospective corridor, adjacent to Awati’s tenements. Small-scale alluvial mining by other non-related companies is in progress near the Northern Licences.

The Company’s exploration strategy is to build on its knowledge through exploration activities to effectively target structures and gold mineralisation in areas under shallow cover interpreted to be the source of this gold.

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01 Jun


This deal closed Jun 1, 2018
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