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Areus Asset Management provides an alternative asset investment opportunity through its Alpha Gold Fund, an investment vehicle to access a portfolio that otherwise cannot be accessed publicly. The company is offering the Areus Alpha Gold Fund, which creates a new way to profit from gold without relying on the asset continually appreciating. The Areus Alpha Gold Fund primarily invests in the XAUUSD spot, a gold-based currency pair widely considered to be the second most liquid pair in the currency market. The value of XAUUSD is determined by the price of gold relative to the US dollar.
A unique component of Alpha Gold is that the fund does not rely on increasing gold prices to generate value. Instead, the portfolio generates returns from natural price action volatility regardless of the general direction of the underlying asset price.
The Alpha Gold fund went live on March 1, 2022, and has reached a significant milestone for any portfolio manager by returning a net +48.91 percent to investors from March 1, 2022 to February 28, 2023. Alpha Gold ended 2022 positively by generating results uncorrelated to other market trends, such as inflation fears and the energy crisis.
Company Highlights
- Areus Asset Management offers an alternative investment vehicle through its Alpha Gold Fund, a unique approach to capitalizing on gold’s value without depending on continual price appreciation.
- The Alpha Gold Fund invests in the XAUUSD spot, a high-liquidity gold-based currency pair whose value is determined by the price of gold relative to the US dollar.
- The Fund does not rely on gold continually appreciating to increase investor value. Instead, value is generated from natural price action volatility, regardless of which direction that value is moving.
- Areus Asset Management’s fund recently reached a significant milestone by achieving +48.91 percent returns for a 12-month period since inception. These results outperform major index funds, which were all negative for the same period.
- The Alpha Gold Fund’s unique approach allows results independent from other macroeconomic trends, such as inflation and geopolitical tension, evident in its recent results.
- Two award-winning teams lead Areus Asset Management towards continually generating investor value through experienced portfolio management.
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Kirgella Gift and Providence: First Inferred Mineral Resource Estimate of 76,400 oz Au from only 3m depth
Highlights
- First Inferred Mineral Resource Estimate for Kirgella Gift and Providence of: 2.34 Mt @ 1.0 g/t Au for 76,400 oz at a 0.5 g/t gold cut-off from only 3m depth.
- Gold mineralisation remains open at depth and along strike between Kirgella Gift and Providence:
- Potential for significant resource growth and upgrade following additional drilling to expand on unclassified blocks outside current model limits.
- Highly economic discovery with KalGold’s direct exploration expenditure cost (drilling and assay) of only ~A$4.20 per gold ounce.
- KalGold’s Total Mineral Resource base, comprising this new resource from the Pinjin Project, and the La Mascotte deposit at Bulong Taurus (see ASX: KAL 7th March 2023), now stands at 214,300 oz.
- Elevated gold price of over A$3,600/oz continues to drive interest in mineable gold projects.
KalGold Managing Director and CEO Matt Painter said:
“KalGold is proud to report the first Mineral Resource Estimate at the Kirgella Gift and Providence gold deposits. It totals ~76,000 oz defined at over 1.0 g/t Au from only 3m depth, remains open in several directions, and is considered the first step in defining the full potential of the Kirgella Gift and Providence gold deposits. Pleasingly, we have defined a shallow gold resource at a very low cost to the Company of around A$4.20 per gold ounce.
The Kirgella and Providence mineral resource estimate is comparable to other deposits within the Laverton Tectonic Zone and is considered typical of the region. This is particularly true of some of the constituent deposits at Ramelius Resources’ (ASX:RMS) Rebecca Gold Project, around 20 km to the south along strike.
KalGold now has defined a total resource base of 214,300 oz of gold. The increased resource base enables KalGold to commence high level mining optimisation studies to assess pathways to production. KalGold looks forward to continuing to progress its work in the Pinjin area with the aim of significantly growing this initial JORC Code (2012) resource and defining a suite of additional shallow resources.”
First Gold MRE at KalGold’s Pinjin Project
The Inferred MRE of 2.34 Mt @ 1.0 g/t Au for 76,400 oz Au has been defined at a 0.5 g/t gold cut-off from the Company’s recent drill focus on the shallow portion of the Kirgella Gift and adjacent Providence gold deposits (see Table 1), combined with thoroughly validated historic datasets. Work continues on both deposits, with gold mineralisation open at depth and along strike between the two. This MRE is expected to form the basis of future updates as drilling and exploration continues.
Table 1 – Kirgella Gift and Providence Mineral Resource at a 0.5 g/t gold cut-off Note totals may not sum due to rounding.Click here for the full ASX Release
This article includes content from Kalgoorlie Gold Mining Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
