Tectonic Gold Plc is a specialist gold exploration company, focused on the identification and delineation of large-scale, multi million ounce, Intrusion Related Gold System (“IRGS”) assets. The group holds a number of gold discoveries in the Lachlan Fold Belt in Eastern Australia, a prolific gold region that is home to Australia’s two largest gold production companies, Newcrest Mining and Evolution Mining.
Tectonic’s portfolio includes the outright licences for seven Tenements covering over 850km² in the New England Orogen of Queensland in eastern Australia’s. The lead project at Specimen Hill has over fifty drill holes intersecting gold mineralisation and is drill ready for resource definition. In addition, the company also holds a 10 per cent. interest in and the option to acquire, Elbrus Resources, which owns the Otava gold deposit near Kasperske Hory in the Czech Republic. Otava is an established IRGS style of gold deposit with a 1.5 million ounce JORC Code compliant resource at an average grade of 7.29g/t Au.
The Company has pioneered the understanding of IRGS deposits in Australia and, following a years of research, has identified a number of previously misunderstood large scale systems in Queensland. Tectonic has built an early mover position in the re-emerging province and will be actively partnering on the development of initial assets in the portfolio and, as the balance sheet grows and cost of capital is reduced, will raise capital for independent development of the remaining assets.
Utilising a range of modern geophysical and geochemical tools unavailable to previous explorers, Tectonic has identified multimillion ounce target systems previously untested at depth and under cover. The targets have been independently verified and are in a belt containing major historic finds such as Mt Morgan, Kidston, Mt Rawdon and Ravenswood, all of which have recently been reclassified as IRGS deposits. This confirms the region as host to world class discoveries of this style and Tectonic is developing the next generation of these targets.
The recent entrance of major gold companies in the region along with growing interest from international producers for Australian assets with scale potential provides an ideal environment for Tectonic to find development partners for the portfolio and produce early returns for shareholders.
The Board and management of Tectonic have extensive track records in identifying and developing high-class gold assets and generating shareholder returns, and the technical team includes of some of the world’s leading experts on IRGS deposits.