MARKET sentiment has been less than kind to recent WA exploration floats.
Undeterred and keen to pursue a number of gold, base metal and platinoid targets throughout WA, Independence Gold is making plans for an initial public offering leading to a December float.
Independence managing director Christopher Bonwick says the Independence team, which was formed just 18 months ago, has got its hands on 12 potential world-class projects but needs $2 million to pick up some equity.
Acknowledging difficult investor sentiment for such exploration ventures, Mr Bonwick nonetheless insists success only comes from greenfields exploration – “getting out there and finding ore bodies” – and says Independence is looking for like-minded joint venture partners.
A new generation
RELODE managing director Robin Morritt says Independence Gold, ReLODE and West Musgrave Mining are among the next generation of explorers.
Though decidedly outside the investor spotlight while the bigger players merge in the chase for larger resources, Dr Morritt seems content to be one of this next generation.
“We really believe what we’ve got there,” Dr Morritt says of ReLODE’s West Musgrave territory.
He’d love to see the markets
