Avenira Limited (ASX:AEV) is an Australia-listed gold explorer engaged in exploring and developing the Jundee South Gold Project in Western Australia. The project lies in the Northern Yandal Greenstone Belt, which is a part of the Norseman-Wiluna gold belt in the Archaean Craton.
The Jundee South Project is spread across 720 square kilometres of area and lies in close vicinity of several major gold deposits, including the Jundee Gold Mine (7.8 Moz), Bronzewing (3 Moz), Darlot Gold Mine (2.9 Moz) and Flushing Meadows (268 koz). The maiden drilling campaign on the Jundee South delineated two potential gold trends on the project.
Avenira is progressing on the path of fast-track growth and development under the efficient management of the Company headed by Mr Brett Clark, CEO and Chairman. Mr Brett has extensive experience of over 25 years in the energy and mining sector.
In a strategic move to increase the gold footprint in Jundee South, Avenira has acquired two Prospecting Licences to the south of the existing tenement. The acquisition also represents Avenira’s strong commitment to exploration and development of its project in the world-class Yandal Greenstone Belt.
Apart from the gold project, Avenira also owns and operates one of Australia’s largest phosphate projects – Wonarah Phosphate Project. As the world population continues to grow while food grains and agricultural lands are limited; more farm produce needs to be cultivated in lesser area, and fertilisers will play a key role in that.
The Wonarah Project provides diversification to the company's asset portfolio, but it is a strategically important project whose values will be realised in the near future. Avenira also holds an exclusive licence for Novaphos Technology in Australia. Novaphos technology provides a low-cost solution for phosphate production.