Scotgold Resources is an Australian public company incorporated in August 2007. In October 2007 the Company acquired all of the share capital of Scotgold Scotland, a company registered in Scotland.
Previously in May 2007 this company had completed the acquisition of Fynegold, a UK-registered company with gold-related assets in Scotland. Scotgold was admitted to the Australian Stock Exchange and quotation of its securities commenced on 15 January 2008.
Scotgold Resources’s directors and management are of Australian, Scottish and English origins and collectively they have significant professional experience in the exploration, production, environmental, legal, financing and administration fields of the mining industry.
Scotgold Resources is targeting gold and silver mineralisation within Central Scotland. The key assets of the Company (through its Scottish subsidiaries) are…
- An extensive gold, silver and base metal exploration database covering Grampian Gold Project in Scotland;
- The Cononish gold and silver deposit (100% Scotgold Resources) Measured, Indicated and Inferred Mineral Resource (JORC Compliant) categories total 154,000 ounces of gold and 589,000 ounces of silver (using 3.5 g/t gold cut-off); and
- Three granted Exploration Licences (100% ownership) covering about 2,200 sq km in Central Scotland.
Scotgold Resources will continue to secure other prospective areas in its own right or through acquisition or joint venture as new opportunities arise, the ultimate objective being to define a world class mineral resource.
Scotgold Resources’s objective is to establish and operate a successful and profitable mining and exploration company in an environmentally acceptable and sustainable manner. The Company aims to generate significant shareholder returns by recognizing and unlocking the mineral potential of its assets.