Intermin Resources Limited has been listed on the Australian Stock Exchange for over 20 years and is an exploration and development company focussed on Australian resource projects. The overarching goal of the Company is to increase shareholder value through the application of modern exploration and advancement of its resource projects through to development. In addition, the Company actively reviews value accretive growth opportunities to augment the asset portfolio.
The most advanced asset is the 100% owned Teal Gold Deposit located 11km north west of Kalgoorlie in Western Australia. The Teal Deposit has the potential to grow substantially with targeted drilling along strike and at depth.
The location of the project area is with economic trucking distance of five operating gold treatment facilities and provides the Company with a number of options should an ore reserve be defined. With a current JORC Resource for Teal standing at 1.4Mt @ 1.98g/t Au for ~91,000oz, the Company has a strong base from which to grow.
Immediately adjacent to the Teal Gold deposit is the Binduli North Gold Project which is subject to an Earn-In Joint Venture Agreement with Evolution Mining Limited (ASX: EVN). Evolution are the managers of the project and are sole funding to earn 70% over 5 years.
At the Menzies Gold Project, Intermin has secured a majority holding in one of the last remaining historic high-grade mining centres to undergo consolidation and modern exploration. Over 800,000oz has been produced at 22g/t and there has been very little drilling below 100m (6 holes over 300m deep).
The Menzies Project has over 200 historic mine workings and due to the complexity of historic ownership many targets remain untested. The potential to discover and develop high-grade shoots in the order of 200-400,000oz is high.
Intermin also has an exciting growth asset in the Nanadie Well Copper-Nickel-PGE JV Project with Mithril Resources Limited (ASX: MTH) near Meekatharra. Massive Cu-Ni-PGE sulphides were discovered for the first time in the region at the Stark Prospect in 2015. Stark could have the makings of a major discovery with further exploration.
In addition Intermin is advancing the Calcine Tailings Project and owns a tailings dam in Wiluna, W.A. that has a defined Indicated JORC Compliant Mineral Resource Estimate of 372,215t @ 5.01g/t Au for ~65,000oz. The Company has successfully extracted +90% gold recovery from pilot scale proprietary testwork and is advancing further metallurgical work to refine and demonstrate scale up potential.
The Company is led by a team of experienced resource executives and professionals with a track record of successfully identifying, discovering and developing world scale projects to add value for shareholders. The Board and management team has particular experience in the development of gold projects and resource financing.
The Company also has a number of residual project interests, royalties and holdings in ASX-listed companies from which to realise value.