The Company’s objective is to create shareholder wealth by pursuing a strategy of exploration and development of mineral projects, with a primary focus on gold.
The Company’s key asset is the Victory Bore Gold Project in which it has a 100% interest held by wholly owned subsidiary Acacia Mining Pty Ltd (“Acacia”). Acacia was awarded Exploration Licence E57/1036 on 1 July 2016. The licence covers an area of 39 km2 on 13 blocks near the town of Sandstone, 560 km north east of Perth in East Murchison Mineral Field in Western Australia.
The primary interest of the Company is to explore the potential for gold mineralization where a number of historical drill anomalies in BIF’s (banded iron formations) have never been followed up. These anomalies represent sound drill targets that warrant follow up drilling.