Musgrave Minerals Limited
Musgrave Minerals' initial public offering ('IPO') closed fully subscribed with a maximum oversubscription of $5 million, raising $20 million before expenses.
We listed on the Australian Securities Exchange on 29 April 2011.
Musgrave Minerals has a powerful shareholder base. Mithril Resources Ltd (MTH: ASX), Independence Group NL (IGO: ASX), Goldsearch Ltd (GSE: ASX), Integra Mining Ltd (IGR: ASX) , Argonaut Resources Ltd (ARE: ASX) and Barrick (PD) Australia Ltd vended in their tenements across the South Australian portion of the Musgrave Province in return for a stake in the dedicated explorer.
The Company is focused on the acquisition, exploration and development of mineral projects in the Musgrave region of South Australia.
Musgrave Minerals has a massive footprint in the Musgrave Province - one of the least explored exploration frontiers in Australia. We have tenements covering an area of 50,000km2 - approximately 5 per cent of South Australia.
Musgrave Minerals has already successfully completed an initial phase of exploration - using seed capital from the cornerstone investors - and has identified new mineralisation, delineated new drill targets and advanced a number of conceptual targets to a drill test phase.
Our management will direct funds towards drilling high priority targets with geological mapping, sampling programs and VTEM aerial surveys and ground geophysical follow-up programs scheduled to develop a series of quality targets.
Latest Media Releases
Market Reports /
by Paul Sanger -
14 days ago
02 Aug 2022 - In the US, stocks fell on Monday as trading opened in August, with some investors questioning whether the recent rally has further to run following the best month sin…
Company News /
8 years ago
29 Oct 2013 - Musgrave Minerals Limited (ASX:MGV) Managing Director, Robert Waugh speaks to FNN at The Mining 2013 Resources Convention in Brisbane.