Paterson Resources Limited
AASX:PSL0.04
AUD
0.00
(0.00%)
Paterson Resources Limited
ASX:PSL
(Australian Securities Exchange)
Recent
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0.04
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div
yld
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ROIC.AI
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- Paterson Resources Ltd (ASX:PSL) is a publicly listed junior mineral resources company focused on the exploration and development of gold and copper projects in Australia. The company holds interests in the Grace Gold-Copper Project in the Paterson Province of Western Australia, comprising two granted exploration licences (E45/4524 and E45/5130) and five granted prospecting licences (P45/2905-2909) covering over 35.4 square kilometres located 25 kilometres southeast of the 32 million ounce Telfer Mine; this project features an inferred mineral resource of 1.59 million tonnes at 1.35 grams per tonne gold for 69,000 ounces, with high-grade shallow oxide gold mineralisation from surface and deeper sulphide-hosted gold-copper potential, supported by recent metallurgical testwork indicating gold recoveries of 93.4% to 96.7% via cyanide leach. Previously, it held the Burraga Copper-Gold Project in the Lachlan Fold Belt of New South Wales, encompassing exploration licences EL 6463, EL 6874, EL 7975, EL 8826, EL 9135 and Lot 12 DP 241 638. Operations target the mining industry, with customers including investors and potential off-take partners in gold and copper sectors; activities span Western Australia and formerly New South Wales. Founded in 2006 and headquartered at Unit 1, 1 Centro Avenue, Subiaco, Western Australia 6008, the company is incorporated in Australia with no listed subsidiaries or parent relationships. In August 2024, Paterson Resources completed the sale of its Burraga Copper-Gold Project to Octo Mining Burraga Pty Ltd for A$2.85 million, including a A$200,000 deposit and A$2.65 million balance on settlement, enabling focus on advancing the Grace Project through infill and extensional drilling for JORC 2012 resource upgrade, metallurgical studies, environmental surveys, mine planning and mining lease application. In August 2025, it raised A$2 million via a A$910,000 placement to sophisticated investors at 1.8 cents per share and a 1-for-8 entitlement offer at the same price, each with one free-attaching option exercisable at 2.8 cents expiring three years from issue; 28.33 million shares were issued in September 2025. Current efforts at Grace include imminent drilling pending permits, scoping study progression and feasibility planning, with Aboriginal heritage clearance secured for the full strike length.