Auzex is focused on becoming and remaining a successful mineral exploration company and believes that the greatest value for shareholders is created by those companies that are involved in the discovery of new mineral resources, as well as their development, rather than acquiring such assets through mergers and acquisitions.
Auzex was registered as a proprietary company on 29 September 2003. On 7 July 2005, the Company converted to a public company.The Company has a wholly owned subsidiary, Auzex Resources (NZ) Pty Ltd, incorporated in New Zealand on 1 October 2003, to be the applicant and holder of the New Zealand Permits.
Prior to listing, Auzex integrated and assessed 79,000 mineral occurrences, 9,324,000 rock geochemical data analyses, 21,912,000 stream sediment geochemical data analyses, 26,360,000 soil geochemical data analyses, 109,000 drill holes and 2,537,000 km2 of geological information in Eastern Australia and the West Coast of New Zealand to produce the prospectivity models used to acquire and target our main mineral assets.
The Company’s focus is on major gold, molybdenum, tungsten and tin deposits associated with granite. Research over the last 10 years has provided understanding of how these deposits form.