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ASX:EGA

Egan Street Resources Ltd

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The Company was incorporated on 22 June 2010 as Auricup Resources Limited with an objective to identify and acquire precious and base metal projects and exploration interests. In June 2016 the Company was renamed Egan Street Resources Limited (EganStreet).

Rothsay Gold Project

The Rothsay Gold Project is located approximately 300kms north-north east of Perth, in the

Southern Murchison region of Western Australia. It covers an area of approximately 56.4km2 comprising the Rothsay Tenements.

The Project was partially exploited by shallow open-pits and underground mining techniques up until the early 1990’s when the gold price dropped below US$360/oz.

In July 2011, EganStreet acquired the Rothsay Gold Project and has since been focused on bringing this golden opportunity to market.

It holds some of Australia’s highest grade gold with 454,000 ounces at 9.2 g/t.

Since 2011 the Company has compiled extensive historical data into a useable form as well as completed several exploration drilling programmes, which has resulted in the delineation of a 2012 edition JORC compliant Mineral Resource of 1.54Mt at an average grade of 9.2g/t Au for 454koz (Indicated 950kt @ 9.6g/t Au for 292koz and Inferred 590kt @ 8.6g/t Au for 162koz).

The updated definitive feasibility study mines 2.3Mt @ 4.4g/t for 320koz of contained gold, this is upgraded via a laser & EM ore sorter to produce a concentrate of 1.3Mt @ 7.2g/t which is then processed through a standard CIL circuit for a production target of 289koz of gold.

EganStreet’s longer term growth aspirations are based on a strategy of utilising the cash-flow generated by an initial mining operation at Rothsay to target extensions of the main deposit and explore the surrounding tenements, which includes an 18km strike length of highly prospective and virtually unexplored stratigraphy.

(click here for more information on this project)

 

Last updated 1st August 2019

Barry Sullivan.
Non-Executive Chairman
Mining Engineer, BEng Mining

Mr Sullivan is an experienced and successful mining engineer, with a career spanning 40 years in the mining industry. His initial mining experience was gained in the South African gold mining industry, followed by more than 20 years’ with Mount Isa Mines. In the final five years of his tenure with MIM, Mr Sullivan was Executive General Manager, responsible for the extensive Mount Isa and Hilton operations.


Marc Ducler.
Managing Director
Metallurgist, BSc Metallurgy (WASM) MAusIMM

Mr Ducler has over 20 years’ experience in the mining industry. For the past 13 years he has been in senior management roles. His operational experience has been gained through senior roles with; Gold Fields Australia (St Ives & Agnew), BHP Billiton (Mt Whaleback), FMG (Cloudbreak), MRL (Carina Iron Ore Mine) and Roy Hill.


Lindsay Franker.
Executive Director
Mining Engineer, BEng Mining (WASM) MAusIMM

Mr Franker has over 20 years’ mining experience in both operations and mining related finance. He has been employed by a number of mining companies in operations and consultancy Newcrest (Telfer), Newmont (Mt McClure & Bronzewing), AMC (Big Bell) – specialising in both underground and open pit mining. He has worked for several international investment banks, with a global focus covering greenfield and brownfield projects.


Simon Eley.
Non-Executive Director
Lawyer, BA LLB

Mr Eley is a solicitor with vast experience in the resource sector. He is a founding director of Auricup (EganStreet) and led the acquisition of the Rothsay project. Mr Eley was the chairman of Tierra Grande Resources Inc. (TGRI) on the NASDAQ until the company entered a merger with VNUE Inc. (OTCQB: VNUE). Mr Eley was an Executive Director of Aragon Resources Limited and led the team that secured the Central Murchison Gold Project which became Aragon’s core asset.


Hedley Widdup.
Non-Executive Director
Mining Engineer, BEng Mining

Mr Widdup has extensive experience as a mine geologist having worked at Mt Keith, Olympic Dam, Mt Isa (Black Star open cut mine) and the St Ives Gold Mine where he was Senior Mine Geologist of the combined open pits. He joined Lion Manager in July 2007 as an analyst and completed a Graduate Diploma in Applied Finance in 2011. Mr Widdup is currently an Executive Director of Lion Manager Pty Ltd.

 

Last updated 1st August 2019

REGISTERED OFFICE

Suite 2, 6 Lyall Street, South Perth

PO Box 476, South Perth WA 6951

Phone: (08) 6424 8130
Email: info@eganstreet.com.au

 

Last updated 1st August 2019