logo-loader
ResearchMining
Apollo Minerals

Apollo Minerals Limited - Reopening the world's highest grade tungsten mine

Apollo Minerals Limited (ASX:AON) is an Australian Securities Exchange-listed tungsten-gold company with projects in the Pyrenees region of Southern Europe. In May 2016 the company was restructured with new management and capital that enabled it to acquire an 80% interest in the Couflens Project (July 2017) in southern France and a 75% interest in the Aurenere Project  (April 2018) in northern Spain.

Executive summary

Based on historical production figures, remaining resources, updated capital and operating costs it can be argued that Salau may be worth between US$60-90mln and that if Aurenere turned out to be of similar size, then a similar valuation would apply. In addition, the stand-alone gold potential would need to be included so any estimate of company value at this stage would be unhelpfully broad. In our opinion, the market seems to have placed about half the value on the tungsten assets at Salau and the rest on the track record of the management team. We look forward to an active field season in 2018 where we expect to see further results from the field.

Quick facts: Apollo Minerals

Price: $0.03

Market: ASX
Market Cap: $5.04 m
Follow

What's in the report?

Financial results and forecasts
Growth drivers
Management
Market conditions
Milestones & inflection points

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Apollo Minerals named herein, including the promotion by the Company of Apollo Minerals in any Content on the Site, the Company receives from...

FOR OUR FULL DISCLAIMER CLICK HERE

LEGAL NOTICE – IMPORTANT – PLEASE READ:

Proactive Research is a trading name of Proactive Investors Limited which is regulated and authorised by the Financial Conduct Authority (FCA) under firm registration...

FOR OUR FULL DISCLAIMER CLICK HERE

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

Watch

Apollo Minerals Ltd - Mining Capital Conference May 2019

Apollo Minerals Limited's (ASX:AON) Hugo Schumann presents to investors at the Proactive Mining Capital Conference in London. Apollo's continuing to progress restart work at the Salau Tungsten Mine within its Couflens project in southern France. For more information visit...

on 8/5/19

12 min read