Perth-based Syracuse attained this status after acquiring 18,375,010 ordinary shares in the company between October 2, 2020, and January 8, 2021.
The company recently gained exposure in North Queensland through a strategic investment in the advanced exploration company Red Fox Resources Pty Limited.
Chase invested A$600,000 to become a 40% shareholder in Red Fox, giving it exposure to:
- Copper-gold (± cobalt), high-grade gold and silver-lead-zinc focus;
- Seven wholly-owned granted tenements (EPMs) covering 900 square kilometres in two highly mineralised districts: Mt Isa/Cloncurry and Georgetown – not subject to any royalties or commissions; and
- Pipeline of targets for discovery of Ernest Henry-style IOCG copper-gold, Tick Hill-style high-grade gold and, large Century and Broken Hill-style zinc-lead-silver deposits.