Apollo Minerals engages former Trek Metals managing director as consultant amid management transition
The company is seeking to raise up to $4.2 million as it looks towards development of its Kroussou Zinc-Lead Project.
Company
ASX:AON
Apollo Minerals is an emerging high-grade gold and base metals exploration company with three core projects. At the Salanie Gold Project in Gabon there is significant potential upside with emerging large-scale, near-surface gold systems presenting. Exploration to date is validating the exciting potential of this project. The Belgrade Copper Project in Serbia is a highly prospective sedimentary copper project in the sought after CBMP Province, and the Kroussou Project is a province-scale, near surface zinc-lead project in Gabon. Management and Leadership have an exceptional history of realising value, including Robert Behets (ex Director of Papillon Resources ~5Moz Au) and Paul Roberts (Founder and Former CEO of Predictive Discovery ~ 5Moz Au).
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The company is seeking to raise up to $4.2 million as it looks towards development of its Kroussou Zinc-Lead Project.
The agreement will see the company earn an interest of up to 80% in the Kroussou Zinc-Lead Project in western Gabon by funding exploration.
The fundamentals for tungsten look sound, but how high could it go?
The company is developing the Couflens Tungsten Gold Project in France and the Aurenere Gold Tungsten Project in Spain.
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The company’s focus is on reactivating the Salau tungsten mine in France, one of the world’s highest grade tungsten mines in the 1980s.
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Schumann was previously chief commercial officer at Berkeley Energia Limited where he led the US$120mln financing of the Salamanca uranium mine in Spain
“Regional exploration programmes will continue to assess identified tungsten and gold prospects and advance them to the drill ready stage,” the company said
As Apollo Minerals is now principally focused on developing the Couflens project in France and the adjacent Aurenere project in Spain, it is taking steps to maximise the potential of its non-European projects
The ASX-listed miner said the funds raised would be used to accelerate planned exploration programs including drilling and feasibility work at the company’s Couflens project in France and progressing the adjacent Aurenere project in neighbo
Aurenere, in Spain, contains an extension of the tungsten and gold strike at Couflens, believes Apollo
Variscan has a portfolio on mineral interests in France.
Variscan will be free-carried at 20% at the Couflens exploration licence.
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