Monger Gold Limited

Description

Listed in July 2021, Monger Gold Limited (ASX:MMG) is a resource exploration company committed to delivering value for shareholders. For this purpose, the company seeks to direct funds into the exploration of its projects through a systematic and targeted approach. The company is focused on defining one or more JORC-compliant resources.  

The company is led by a highly driven and experienced team with significant technical and commercial skills. Monger Gold’s management team has a wealth of experience in mining exploration, capital raising as well as business development functions.

Project Portfolio

Monger Gold’s asset portfolio includes a prospective lithium project that offers the company a sweet spot amid the hot electric vehicle market. Besides, the company believes that it has several near-term catalysts across its project portfolio.

Monger Gold has four highly prospective projects, including the following:

• Scotty Lithium Project, Nevada
• Mt Monger North Project, Western Australia
• Mt Monger South Project, Western Australia
• Gibraltar East Project, Western Australia

The Scotty Lithium Project covers an approximate area of 14,000 acres. The significant-scale sediment-hosted lithium asset holds lithium-bearing brine potential.

The Australian project portfolio is in close proximity to the major mining centres of Kalgoorlie and Coolgardie.

The company is currently exploring its Mt Monger North Project. The highly prospective gold project sits within the Eastern Goldfields Province of the Achaean Norseman-Wiluna Greenstone Belt.  

The Mt Monger South Project has witnessed minimal exploration work and is believed to be highly prospective for gold. The company looks to engage in a detailed geophysics analysis of the project with a view to planning future exploration activities.

The Gibraltar East gold project has a historical heap leach pad. The company plans to undertake geophysical surveys to understand the detailed structure of the four prospects at the project.