NTM Gold Ltd is an ASX-listed (ASX:NTM) exploration company actively engaged in exploring in the Eastern Goldfields of Western Australia.
NTM Gold is exploring its 100% owned Redcliffe gold project, located near Leonora in WA. The project covers c.170km2 of granted licences. The project is centred on a significant regional geological structure that is highly fertile for gold mineralisation.
Redcliffe is in a highly prospective region with multiple million ounce gold deposits. There are also four operating gold processing plants within trucking distance of the project and excellent local infrastructure.
The Company is aggressively drilling Redcliffe to expand on its current 538koz gold resource. To date, the company believes that less than 20% of the project has been effectively explored, indicating outstanding potential to materially increase the current resource base.
Plans & Latest Developments:
NTM recently updated the Redcliffe gold resource to 538koz following an 18 month drill out phase. The company has now switched into exploration mode to find new deposits that may lead to a step change in the resource base. There are over 30 targets that need testing, with drilling well underway.
Why Should investors invest in you?
NTM is significantly undervalued on its resource alone relative to its peers. The Company is currently undertaking an aggressive exploration program to expand this resource via new discoveries.
The Redcliffe project is located in an excellent mining jurisdiction, with outstanding infrastructure and prospectivity. Furthermore, the project is surrounded by four operating processing plants which gives NTM optionality when the Company examines mining and development scenarios.
Stock Exchange Listing:
Stage of Development:
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Board of Directors:
- Paul Price – Chairman
- Andrew Muir – Managing Director
- Rodney Foster – Non Executive Director
- Ted Van Heemst – Non Executive Director