- Business
- GoldOz Limited (MTTGF) operates as a junior mining exploration company focused on gold and gold-antimony deposits in Australia. The company holds interests in highly prospective projects including the Hurricane Gold-Antimony Project in Northern Queensland, comprising three granted exploration permits with mineralised vein systems; the Lyndon Gold-Copper Project (E8/3217) and Duffy Well Gold Project (E51/1983) in Western Australia's Goldfields region, targeting Au-Cu-Ag-Pb anomalism and structural gold targets; and the ELA59/2635 application covering 87.5 square kilometres northeast of Perth with gold, copper, cobalt, and nickel potential. It pursues staged exploration programs, including resource drilling for JORC-compliant near-surface high-grade gold deposits, and serves global customers through its resource activities primarily in Queensland and Western Australia. Founded in 1999 and headquartered in South Perth, Western Australia, GoldOz changed its name from New Energy Minerals Ltd in September 2021. Recent developments include a failed binding agreement in April 2022 to acquire Placer Gold Pty Ltd for the Hurricane Project involving 2.75 million shares, $500,000 in cash payments, and a 2% net smelter royalty, which lapsed due to unmet conditions; options secured in December 2021 for the WA projects at 450,000 shares per tenement valued at $90,000 each; a prospectus issued in May 2022 for a A$5.5 million capital raise via priority and general offers to fund the acquisition and relisting; voluntary delisting from the ASX on August 29, 2022, following failure to pay annual listing fees and ASX enquiries on transaction terms; and ongoing corporate restructuring as of 2024 with strike-off action initiated in July 2024 but later reinstated to registered status in August 2024.