Company History

Octagonal Resources was incorporated in September 2010 to acquire the Victorian gold projects of Alliance Resources Ltd, Matrix Gold Ltd and Highlake Resources Pty Ltd and an emerging Western Australian gold project generated by Newmont Asia Pacific to form a new company that has the drive and energy to successfully develop these assets.

Corporate Strategy

Octagonal was established to create a self funding junior Australian gold company with open pit and underground mineable resources that can be exploited to fund long term growth through the discovery and development of major gold operations in underexplored areas of world class gold producing terrains.

As the Eastern Goldfields Province of the Yilgarn Craton in Western Australia and the Bendigo Zone of the Lachlan Fold Belt in Victoria are the two largest gold producing regions in Australia, Octagonal is focused on developing operations within these terrains.
 

The Company’s objectives are:

Short Term

  • Mine a 200,000 tonne open pit at Black Reef, Wehla and process the ore through the Maldon Gold Processing Plant to determine the feasibility of a larger open pit operation,
     
  • Commence underground mining from the Alliance South Shoot and process the ore through the Maldon Gold Processing Plant to determine the shoot grade and ground conditions to facilitate extraction methods for an ongoing operation,
     
  • Define at least 250,000 tonnes of JORC-compliant open pit resources at Wehla, Pearl Croydon, Campbelltown, and Dunolly East to provide ongoing feed to the Maldon Gold Processing Plant, and
     
  • Commence aggressive regional exploration at the Hogan’s Project, a highly prospective but underexplored area of the Eastern Goldfields Province in Western Australia.

Medium Term

  • Delineate a minimum Indicated Resource of 100,000 ounces of gold in Central Victoria to support the mining operation, and
     
  • Define an initial gold resource in Western Australia of greater than 100,000 ounces of gold.

Long Term

Define and develop major long-term gold operations in Central Victoria and Western Australia.
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Octagonal Resources Limited (ASX:ORS)
Company Directors
Mr Anthony Gray (Managing Director, Executive Director)
Mr Ian Gande (Chairman)
Mr Ian Pamensky (CFO)
Mr John Harrison (Executive Director)
Contact Information
Phone: +61 3 5475 2977
Email:
Website:

Address
Suite 3, 51-55 City Road , SOUTHBANK, VIC, , Australia, 3006
Media Releases
Octagonal Resources Ltd, 80% Equity Earned in Lucky Bay South Joint Venture, Hogan's Project, Western Australia
02 Feb,2012 11:09 AM

The Directors of Octagonal Resources Limited (ASX:ORS) (“Octagonal” or “Company”) are pleased to announce that the Company has increased its equity in the tenements that comprise the Lucky Bay South Joint Venture at the Hogan’s Project, in Western Australia.

The Hogan’s Project is located 70 kilometres southeast of Kalgoorlie and 30 kilometres northeast of the 12 million ounce St Ives Goldfield.

Octagonal has spent an additional $150,000 on exploration of the Joint Venture tenements to increase its equity in the tenements by 10% and raise its interest from 70% to 80%. Octagonal’s Joint Venture partner, Gold Attire Pty Ltd, will be Free Carried until a Decision to Mine is made after the completion of a Feasibility Study.

The Lucky Bay South Joint Venture comprises two exploration licences (E15/1097 and E15/1125) that cover 38 square kilometres of highly prospective Archaean greenstone located adjacent to the south of the Salt Creek Mine and Lucky Bay Prospect, discovered by Integra Mining Limited.

The Joint Venture tenements overlie the high priority Burns Prospect exploration target area where the Company is currently completing reverse circulation (RC) drilling to test for primary gold mineralisation beneath extensive gold in regolith (weathered Archaean rock) anomalism defined by aircore during 2011.


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