Explaurum Limited (ASX:EXU) is a Western Australian gold explorer focused on growing a significant gold project - Tampia Gold Project.
Explaurum Limited (ASX:EXU) is an Australian-based gold exploration company focused on the exploration and development of the Tampia Gold Project. Located 240km east of Perth in the wheatbelt of Western Australia near the township of Narembeen, the prospect was discovered in 1987 and an Inferred Resource of 324,000oz gold estimated in 2000.
Following the acquisition of Tampia in September 2015, Explaurum has carried out extensive exploration and results from the 2017 resource drilling program has significantly increased the projects resource which now stands at 11,318,000 tonnes at 1.91 g/t Au for 695,000 oz at a 0.5% g/t Au cut off.
Further drilling has identified new zones of gold mineralisation located outside the Tampia Resource area, where scout drilling has already commenced with the intention to increase the overall Tampia resource.
The recent delivery of a scoping study has confirmed that Tampia is one of the highest margin undeveloped gold projects in Australia.