The principal activity of the Company is the acquisition, exploration and development of mineral projects, primarily in the western USA.
Our strategy is to generate, explore and add value to our precious and base metal projects in Nevada, USA and Australia and to develop our industrial mineral projects through to profitable production in order that the Company’s activities become self-funding.
The Company’s follows a hybrid project generator-explorer Business Model and seeks to acquire 100% ownership of mineral assets at minimal expense. This usually involves staking claims or applying for exploration licences from the relevant authority, as was the case in Australia. In other cases, rights are negotiated with existing project owners for initially low periodic payments that rise over time as confidence in the project value increases.
The Company aim for active exploration programmes to generate a consistent pipeline of exploration results while continuing to evaluate opportunities to realise value through project sales, strategic partnerships and joint ventures. This approach is intended to maximise shareholder value while minimising future dilution from equity fundraising.
The Group currently operates with a low-cost base to maximise the funds that can be spent on value adding exploration and development activities. The Company’s administration costs are reduced via a cost sharing Management Services Agreement with Tertiary Minerals plc.
