Company Profile
Mt Isa Metals Limited is an Australian-based resources company focused on the discovery and development of large-scale gold deposits in world-class mineral provinces.
Mt Isa Metals was incorporated on the 15 June 2006 as a wholly-owned subsidiary of D'Aguilar Gold Limited. Following the successful completion of an Initial Public Offering (IPO) Mt Isa Metals Ltd was admitted to the official list of the Australian Securities Exchange as an independent company on 21 August 2008 (ASX:MET).
Subsequent to ASX-listing the Company focused its exploration activities in the Mount Isa region of north-west Queensland. The Company advanced multiple project areas during 2008 and 2009. Successes included:
- definition of a JORC-compliant Mineral Resource at the Barbara Copper Project, and
- identification (via initial drill testing) of the Gregory Project as a “live” copper system.
In late 2009, the Board of Mt Isa Metals announced its intention to significantly expand the Company’s gold exploration portfolio. By May 2010 the Company had assembled a large portfolio of gold exploration permits in Burkina Faso, West Africa - providing Mt Isa Metals with one of the most significant exploration footprints of any company active in that region.
Exploration activity completed to date by MET in Burkina Faso has been extremely encouraging with high grade gold assays recorded across multiple drill project areas and a significant gold discovery announced at the Nabanga Prospect.
To the current day the Company continues to actively pursue gold exploration in the Birimian Gold Province of West Africa, and, seeks additional investment opportunities on a global basis.
Corporate Objectives
The prime objective of the Company is to create shareholder value through participation in the discovery and development of world-class gold and precious metal deposits.
The Board is of the view that the Company is best placed to achieve this objective by:
- focussing exploration on world-class mineral provinces (ie: those with a proven mineral endowment), and
- seeking some form of 'first-mover' advantage (primarily by exploring in areas that have received minimal or ineffective prior exploration)
To support achievement of this objective the Company will:
- recruit and seek to retain high calibre personnel
- adopt a systematic approach to exploration
- seek to maximize in-ground expenditure as a proportion of the total budget
- reasonably recognise and value the interests of all key stakeholders that do business with the Company.