Southern Gold (SAU)

Shares / Stock Code

SAU

Stock Exchange / Sharemarket

Australian Securities Exchange

Southern Gold (SAU) focus is on the exploration of the established portfolio of projects and the generation of new opportunities for gold, uranium, copper and nickel resources in the mining provinces of Australia. Exploration companies aim to discover and delineate occurrences of metals and minerals that can be economically mined and extracted. The company listed on the Australian stock market (ASX) on 21 April, 2005.

SAU have projects spanning over 10,000 square kilometres in South Australia. The company has recently applied for additional tenements covering highly prospective ground that will further enhance their uranium prospectivity for palaeochannel and Olympic Dam-style deposits and provide shareholders with the opportunity of successful exploration.

SAU's major customers would include the retail, wholesale and international markets. Its competitors consist of other mining companies such as Redport Limited (RPT). Most oil and metals are sold into the global spot markets, whilst gas, coal and iron ore is typically sold under long term contract arrangements with utilities, large industrial users and steel plants.

The Company’s subsidiaries include Challenger West Holdings Pty Ltd, CMH Resources Pty Ltd, Gawler Arc Holdings Pty Ltd, Southern Mining Pty Ltd, Inferus Resources Pty Ltd, Southern Gold Asia Pty Ltd, New Southern Mining Pty Ltd and Southern Gold Cambodia Pty Ltd.

Renewable Energy - Roxby Geothermal Project

Southern Gold's interest in geothermal energy potential of the Stuart Shelf arose from the awareness of the usefulness of data collected during the Lake Torrens Iron Oxide Copper Gold exploration during 2007. The package of 22 geothermal tenements form a contiguous belt of ground that covers hot Gawler Craton rocks that have been kept warm by a 'blanket' of younger flat lying Adelaidean sediments.

Southern Gold (SAU) Products and Services

  • Gold, nickel and base metal mineral exploration in Australia and Cambodia.

Southern Gold (SAU) Locations and Subsidiaries

Southern Gold Head Office
47 Tynte Street, NORTH ADELAIDE,
SA, AUSTRALIA, 5006
Phone: (08) 8368 8888
Fax: (08) 8368 8899

Southern Gold (SAU) Share Price

Submitted by ASX Listed Company on 31 May, 2010 - 17:49

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