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Taiton Resources Limited goes IPO

Updated: Oct 6, 2022

✦ The Prospectus for Taiton Resources Limited (ASX:T88) is now live and is available for download on their website

Taiton Resources Limited was previously listed on the ASX (previous stock code SYS). Taiton Resources Limited (ASX:T88) has launched an initial public offering of a minimum of 35,000,000 Shares and a maximum of 50,000,000 Shares to be issued at a price of $0.20 per Share to raise a minimum of $7,000,000 under the IPO has been underwritten.

The company has projects based in South Australia and Western Australia.

Uncovering the Next Elephant Deposit

Taiton is an early-stage mineral exploration and development company focussing on discovering mineral deposits. The company's strategy is to focus on uncovering Mineral Systems which have proven mineralisation.

This innovative approach has allowed Taiton to have a First Mover Advantage in securing the Highway Project in South Australia.

Their dominant land holding at the Highway Project will allow them to potentially uncover the Next Elephant Deposit in Australia.

In the mining industry, the term 'elephants' refers to super large sized deposits. These deposits are not something you stumble upon on an evening walk. They exist across the planet, and for mining companies, this is their Holy Grail.

Mining companies are looking for elephant country. This is where meaningful discoveries can be found.

Taiton's Projects

Taiton has these projects currently:

  • HIGHWAY (South Australia)

  • LAKE BARLEE GOLD (Western Australia)

  • CHALLENGER WEST (South Australia)

Taiton acquired a total of 2,930 km2 of granted tenements in South Australia, focussing on the Highway project. The Highway project has potential for polymetallic mineralisation in an environment rich with hydrochemical activities.

The concept of finding the cooking pot first (The Mineral System) will give the company a greater chance of discovery. Work completed prior to the IPO has identified prospective targets which will be priority targets at the conclusion of the fund raising process.

In addition, the company has completed zircon age dating of basement rocks and are able now to show that historical drilling could have been sourcing the same chemistry as those feeding the mega mineral deposits of Olympic Dam, Carapateena and Prominant HIll (See Figure 1).

Taiton Highway Project - Distribution of drill holes with re-dated zircons returning a U-Pb age coincident with an OME age-extension. Such new data has both academic and economic significance.

Figure 1: The location of zircon age dating samples. The results indicate that the area where the Highway Project (Red) is located may be part of the Olympic IOCG Belt (Green), in terms of mineral prospectivity.

Highway Interest points:

  • Tapping the same source as The Olympic Dam Domain.

  • Historical exploration indicates a Strong Mineralizing System in place.

  • Porphyry and IOCG systems may be present.

  • Shallow cover ( less than 50m) allowing cheap exploration.

  • Polymetallic Mineralisation.

  • CSIRO and historical data show a strong hydrothermal system present.

  • Potential for Ionic REE clays.

Historical activities and the location of a zircon date sample at the core of the Taiton's Highway Project as featured in Brilliant-Online

Figure 2: Historical activities and the location of a zircon date sample at the core of the Highway Project.

The Lake Barlee Gold Project is approximately 668 sq km of exploration tenements in WA with gold prospectivity, comprising 4 granted tenements (E77/2700, E57/1158, E77/2715 and E57/1168).

Taiton Lake Barlee Project -  locality of Western Australian Project, showing nearest access roads, tracks, and settlements. The remote tenements predominantly overlie a large playa lake of saline sediments.

Image above shows locality of Western Australian Project, showing nearest access roads, tracks, and settlements. The remote tenements predominantly overlie a large playa lake of saline sediments.

Lake Barlee Interest points:

  • A Salt Lake story with ready to drill targets.

  • 668 sqkm of tenements.

  • Drill targets are vectored by deep seated structure with hidden demagnetised Greenstone Belt 624 sqkm

The Challenger West Gold Project is located near the Challenger Gold Mine. The Challenger Gold mine produced 1.2M ounces of gold during its time in production. Mineral exploration around the gold mine has been sparse. Recent exploration activity in the area has shown that there is a large potential for more discoveries.

The Challenger West project has several points of interests:

  • Located in a prospective area with little historical exploration.

  • Adjacent to the Challenger Gold mine with a historical production of 1.2M ounces of Au.

  • Tenure of 997 sqkm with good historical indicators of mineralisation

  • Presence of addition gold occurrences and mines along a gravity high boundary and a mirrored gravity ridge to the west, attesting to the high prospectivity of the ground

  • Presence of abundant supergene gold opportunities

New Mineral Provinces

Taiton is focussing on exploration for future proof commodities. When it comes to gold, one has to take into account inflationary factors.

The current state of the market may be slowing down some companies. However, the real world is still going on around them, and no mining company can afford to not keep up with the changing world. As we move into the 2020s Industrial Evolution, companies are looking at a changing focus on the reliance of metals. Base metals are in the spotlight with New World Growth and the emerging No Emission Markets.

Promising times ahead

Taiton has its sights set on world-class large conceptual targets. Keep your eyes peeled because they are looking at the next wave of discovery that will be in places that have previously been neglected. We are talking about undiscovered elephants, so there's going to be exciting news ahead.

Taiton has a fully underwritten IPO of AUD 7M with projects that will be explored to prove New Concepts and Discovery of Tier 1 deposits. Just as important, its experienced mineral exploration Board and Management are also key to sustaining meaningful discovery projects.

Interview with Noel Ong, Managing Director, Taiton Resources Limited (ASX:T88)

Contact Taiton Resources Limited

Taiton Resources Limited as featured on Brilliant-Online

a/ Level 13, 200 Queen St, Melbourne, VIC 3000

t/ +61 3 8648 6431

f/ +61 3 8648 6480


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