Gascoyne Resources Limited
GCY.AX
Australian Securities Exchange0.28
AUD
-0.01
- -
Gascoyne Resources Limited
GCY.AX
(Australian Securities Exchange)
Recent
price
0.28
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Gascoyne Resources Limited (ASX:GCY), formerly a gold exploration and development company focused on projects in Western Australia's Gascoyne Province and Murchison region, operates the flagship Dalgaranga Gold Project encompassing approximately 500 square kilometers northwest of Mount Magnet; the company holds exploration licenses for gold and base metals, including the Glenburgh and Mt Egerton gold projects, with a 2.5 million tonnes per annum carbon-in-leach processing plant at Dalgaranga that historically produced gold at low cost. Founded in 2009 and headquartered in West Perth, Western Australia, Gascoyne primarily targets high-grade gold deposits such as the Never Never discovery near its Dalgaranga facilities, alongside development-stage assets like the Yalgoo Gold Project for supplemental ore feed; it serves institutional investors and mining sector stakeholders through ASX-listed equity. In August 2023, the company changes its name to Spartan Resources Limited and updates its ticker to SPR to reflect aggressive exploration success and transformation from low-grade mining challenges to high-grade development potential; earlier in 2023, it consolidates full ownership of key Dalgaranga tenements and secures placements including issuances to directors; by mid-2025, Ramelius Resources Limited completes a A$2.4 billion acquisition of Spartan Resources (the rebranded entity), integrating Dalgaranga into Ramelius' portfolio for expanded production targeting 500,000 ounces annually, while Spartan divests non-core Glenburgh and Mt Egerton projects to Benz Mining in late 2024, retaining a strategic 15% stake and providing geological support.
Benz Announces that Hurricane Camp Expands Significantly as Drilling Confirms Thick High-Grade Gold
Benz Defines Maiden Gold Exploration Target at Glenburgh
Benz Confirms Free Milling Gold with High Recoveries at Icon
Benz Announces Multiple New High-Grade Discoveries Drive Expansion at Hurricane Camp
Benz Announces New Ultra High Grade Gold Discovery at Mt Egerton
Benz Announces that Icon Delivers Shallow High-Grade Discovery as Large-Scale System Continues to Grow