Apollo Minerals
Primary ticker: ASX:AON
Stage of development: Exploration
Primary minerals: Gold, Copper, Zinc
Project to promote: Salanlie Gold Project; Kroussou Zinc Project
Project location: Gabon
Website: apollominerals.com
Apollo Minerals (ASX:AON) is an ASX listed explorer with two key projects in Gabon; the high-grade Salanie Gold Project and the province-scale, near surface zinc-lead, Kroussou Project.
The Salanie Gold Project represents a unique high-grade gold exploration opportunity with visible gold in quartz veining (up to 430g/t) in a historical mining region that has not been explored for 70 years.
Successful exploration and drilling in late 2024 is leading into a larger drilling program in early 2025, following up on shallow gold hits and visible gold seen in trenching at surface.
The Kroussou zinc-lead system is a province-scale base metal project that covers a 135km trend and has an Exploration target of 140- 300Mt at 2-3.4% Zn+Pb. The most recent drilling has discovered massive sulphides (40%Zn+PB) at surface, which will form one of the key focuses of future exploration there.
Cash: AUD 1.5M
Debt: NIL
Major shareholders:
Management ownership – 15%
Financials
Management Profile
Mr Neil Inwood – Managing Director
Mr Inwood is a Geologist with over 27 years’ international experience in the exploration and mining industry, particularly in base metals, gold and speciality metals. He has had significant management, consulting, and venture capital experience, and was previously Managing Director of Berkut Minerals Limited, Executive Geologist with Verona Capital, Principal Resource Geologist with the international mining consultancy Coffey Mining, and spent nine years with Barrick Gold.
Mr Inwood led the geological team that established the world-class endowment of the Panda Hill Niobium Project in Tanzania; and most recently assisted Odyssey Gold Limited with their project acquisitions in the Murchison Goldfields of Western Australia. He holds a Master’s Degree in Geology and is Fellow of The Australasian Institute of Mining and Metallurgy.
What is your rationale for taking part in 121 Mining Investment?
We are looking to gain greater exposure for Apollo Minerals and in doing so, encourage on-market support.
What recent news would you like to highlight to investors attending?
11 December 2024: Shallow High Grade Gold Confirmed at Salanie
19 November 2023: Extensive Gold Potential Confirmed by Anomalies at Salanie
15 November 2023: Visible Gold in Extensive 20m Wide system at Salanie
13 September 2023: Bonanza Gold Grades up to 429g/t at Multiple Prospects
What are your key goals for the next 3, 6 and 12 months?
3 Months:
Advancedrilling at thehigh-grade Salanie Gold Project
6 Months:
Exploration to confirm high-grade extensions
12 Months:
Expansion of high grade targets and resource definition
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Global inflation and supply chain risks
What do you think makes your company such a compelling investment?
Newly discovered high-grade gold prospect with samples up to 430g/t Au and visible gold at surface. In an historical gold region that mined 13g/t historically.
Additionally, three material company projects: a) Salanie gold project; b) the Province-scale Kroussou Zinc Project
What are the top 3 key investor takeaways?
1. Exciting high-grade gold project with samples up to 430g/t Au – Mained drilling in February
2. Kroussou Project is an emerging globally significant discovery, with excellent potential to grow initial exploration target to be a Super Giant base metal project