The Company is a minerals exploration company and was established for the purpose of identifying and developing prospective copper and gold assets in Queensland, New South Wales and Western Australia.
Golden Globe Resources project portfolio comprises the following tenements:
(a) Dooloo Creek Project (QLD) which comprises two granted exploration permits (EPM 15343 and EPM 27728) covering 77.94km2.. The project is located 500km northwest by road from Brisbane and 50km by road from the township of Monto;
(b) Alma Project (QLD) which comprises one granted exploration permit (EPM 27722) covering an area of 294.6km2. The project is located 670km northwest of Brisbane and 15km south of the township of Mount Morgan;
(c) Neila Creek Project (NSW) which comprises one exploration licence for minerals (EL8864) covering 42.73km2. The project is located 300km west of Sydney and 5km south of the township of Cowra; and
(d) Crossways Project (WA) which comprise one exploration permit for minerals (E28/2546) covering 29.27km2. The project is located 600km east of Perth and 200km south of Kalgoorlie.
The Company has a 100% legal and beneficial interest in the Dooloo Creek and Alma Projects, 69.7% of the Crossways Project and has the right to earn a 90% interest in the Neila Creek Project.
The Company holds three projects in important geological terrains that are host to copper and gold mineralisations, which include world-class mines at Mt Morgan and Cadia. While similar geology and proximity to significant mines does not necessarily indicate that such mineralisation will occur on GGR’s tenements, or that if mineralisation does occur it will be economic to extract, prospectivity is often a
function of geologic setting.
The Company is well positioned at our flagship Dooloo Creek and nearby Alma projects in the Devonian aged volcanic arc of Queensland, and with the new Neila Creek project in the Lachlan Fold Belt of New South Wales.
The Company’s growing database of geochemistry, geophysics, and drilling has indicated the presence of significant gold and copper mineralisation at numerous targets at Dooloo Creek. Through the investment of approximately $1.9 million at Dooloo Creek the Company has progressed numerous isolated historic anomalies
through to comprehensive zoned multifaceted drill targets. Whilst drilling has been limited and shallow so far, significant gold and copper mineralisation has been intercepted at several targets that is consistent with large high-grade mineral systems, and the data suggest that the targets remain open and much more work is required to test them.
The Neila Creek project is relatively new to the Company’s portfolio because of the scale of other discoveries in the Lachlan Fold Belt. The Company has determined that the right host rocks likely occur beneath post-mineral cover at Nelia Creek, such that the historical showings seen at surface could indicate distal representations of
a porphyry gold-copper system at depth. The Company looks forward to the next six months when our technical team will bring its highly relevant experience to bear for the first extensive field work at Neila Creek.
Detailed information about the projects is set in Section 4.1, the Independent Geologist Report in Annexure A and the Independent Tenements Report in Annexure B.
Underlying Golden Globe Resources’ growth strategy is a strong belief that a systematic exploration program, over time, will yield results. The Company is led by an experienced Board and geological team with expertise in the mining and exploration industry. The Board aims to ensure that funds raised through the Offer will be utilised in a cost-effective manner to advance the Company’s business.
The Company is seeking to raise a minimum of $4 million and a maximum of $6 million through the issue of Shares at an issue price of $0.20 per Share under the Offer. The key purpose of the Offer is to provide additional funds to advance exploration on the Company’s projects following the successful listing of the Company on ASX.
This Prospectus contains detailed information about the Company, its growth strategy,and the Offer, as well as the risks of investing in the Company. I encourage you to read it carefully and seek professional advice. The Shares offered by this Prospectus should be
considered highly speculative.
The risks of an investment in the Company are set out in Section 6 of this Prospectus, and you should pay particular attention to them in light of your personal circumstances and consult with your professional advisors before deciding whether to apply for New Shares. The New Shares offered in this Prospectus should be considered highly speculative.
I would like to take this opportunity to thank existing shareholders, project vendors, our team and the local community for all their efforts and support to date. On behalf of the Board, I look forward to welcoming new shareholders to share in our exciting future.