PolarX

Website: www.polarx.com.au
Primary ticker: ASX:PXX
Stage of development: Exploration
Primary minerals: copper gold
Project to promote: Alaska Range

Live financials

PolarX is an advanced ASX-listed mineral explorer and developer (ASX: PXX), and owner of the “Alaska Range Project”, covering 261km2 of State Mining Claims.
High-Grade existing resources and numerous large unexplored advanced targets are within this impressive 35km mineralised belt now under PolarX’s control.
In June 2019 the Company entered into a strategic partnership with Lundin Mining Corporation over the Stellar Project under which Lundin Mining invested A$4.3M in PolarX to secure the right to subsequently enter a staged earn-in joint venture. If exercised, Lundin Mining can acquire a 51% interest in Stellar by staged exploration spending of US $24M and staged cash payments to PolarX of US $20M within three years.

View Research Report by IIR in July 2019

Management Profile

Frazer Tabeart – Managing Director

Dr Frazer Tabeart is a geologist with 30-years international experience in exploration and project development, with strong technical background in porphyry copper-gold systems in SE Asia, SW Pacific, the American Cordillera and central and northern Asia. After spending 16 years with WMC Resources and managing exploration portfolios in the Philippines, Mongolia and Africa, he left to join the Mitchell River Group. Has served on ASX-listed Company Boards at Executive level over last 11 years. Director and Principal at Mitchell River Group, and current Executive Director at PolarX Limited, African Energy Resources Limited and Non-Exec Chairman at Arrow Minerals Limited.


What is your rationale for attending 121 Mining Investment?

Seeking to broaden investor awareness of a well funded, low risk project in a low risk jurisdiction with very high exploration upside in the gold and copper space.


What recent news would you like to highlight to investors attending?

Strategic partnership with Lundin Mining Corporation announced on 4th June 2019


What are your key goals for the next 3, 6 and 12 months?

3 Months:
Releasing exploration results from 2019 drilling campaign in Alaska

6 Months:
Developing funded programs for project development in Alaska

12 Months:
Commencing feasibility studies on one or more opportunities in Alaska


What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Market awareness and availability of working capital


In a sentence, what do you think makes your company such a compelling investment?

Existing high grade Cu-Au resources in a very low risk jurisdiction with significant upside form new discoveries which would be fully funded though to initial feasibility studies.