Republic Gold (RAU)

Shares / Stock Code

RAU

Stock Exchange / Sharemarket

Australian Securities Exchange

Republic Gold (RAU) is focused on the development and expansion of its Bolivian and Far North Queensland assets. The total Measured, Indicated and Inferred Resource in Far North Queensland totals 462,000oz, with further drilling targeting high-grade potential. RAU's Amayapampa Gold Project in Bolivia has a Measured, Indicated and Inferred Resource of 1,294,000oz. Bankable Feasibility Studies for both the Amayapampa and Far North Queensland projects are well advanced.

A number of drilling programs are currently in progress at its Hodgkinson Basin projects. RAU has good relations with Bolivian government officials, which should aid the company through the required regulatory processes. This strong relationship was evident when the Department government of Santa Cruz signed a letter of intent in late 2009 to jointly work towards exploration at the highly prospective El Mutun Iron Ore Project. The company was listed on Australian Stock Market (ASX) on 16 January, 2004.

RAU is a junior explorer focused on gold, antimony and tungsten, with a total resource base of 1.75Moz. It is one of few listed companies focused on exploring in the Hodgkinson Basin and Bolivia. The company has significant experience in open-cut mining and heap leach gold processing, and plans to use bacterial oxidation technology to treat the gold-bearing sulphide ores.

As an explorer, RAU only deals with the providers of its required exploration inputs including drilling contractors, assay laboratories and technical consultants. Once it is in production, it will sell its product to the spot market and any hedge contracts that it may enter into.

During the fiscal year ended June 30, 2009 (fiscal 2009), the principal activity of the Company was the exploration and development of projects for gold, antimony, tungsten, copper and tin. The Company has assembled a tenement portfolio in the Hodgkinson Basin in Far North Queensland. The Northcote Project is a joint venture between the Company, and and Jackson Gold Limited and International Goldfields Limited. The Pinnacles Project sits 10 kilometers to the west of Northcote.

The Hurricane and Reedy projects contain a combined 37,000 ounces of resources. The Amayapampa Gold Project is located 380 kilometers southeast of La Paz. The Company holds 75% interest in the Lucky Draw tenement EL 6463, located south of Bathurst in New South Wales. In April 2008 the Company announced the purchase of the Bolivian gold assets of Vista Gold Corp (Vista) through the acquisition of Vista Gold (Antigua) Corp.

Republic Gold (RAU) Products and Services

  • Gold explorer.

Republic Gold (RAU) Locations and Subsidiaries

Republic Gold Head Office
144 Cobra Road, MAREEBA, QLD, AUSTRALIA, 4880
Phone: (07) 4092 2594
Fax: (07) 4092 3797

Republic Gold (RAU) Share Price

Submitted by ASX Listed Company on 27 May, 2010 - 15:15

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