Aston Minerals Ltd (ASX:ASO)
A$ 0.009 -0.001 (-10%) Market Cap: 11.66 Mil Enterprise Value: 5.69 Mil PE Ratio: 0 PB Ratio: 1.80 GF Score: 0/100

Aston Minerals Ltd at Red Cloud Fall Mining Showcase Transcript

Nov 09, 2022 / 03:00PM GMT
Release Date Price: A$0.074 (+8.82%)
Dale Ginn
Aston Minerals Limited - Managing Director

Yeah, we are we made a nickel discovery about less than a year ago, and we've been steadily drilling on it. And we're just about to ready to produce its first resource calculation here in December.

Just getting this thing to flip forward. Good enough. That's the key slide anyway.

So basically, we're located about 60 kilometers south of Timmins and we began on a gold deposit called Edleston. We had some really good luck in expanding that. We're drilling it out last year. We'll have a resource on that as well in December.

But as we we're drilling the extensions of the gold deposit, we ran into nickel geology, some nickel mineralization in -- not quite the right rocks for nickel, but they were bleeding into our gold deposit. And so we spent the last year drilling out, basically, a new nickel deposit.

The next one here. It's a lean company. There's three of us effectively managing it. Two Australians, as it's ASX list. We've got about $8 million cash right now. We're about $80 million market cap.

So yeah.

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