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ASX Round-Up: An Overview of RTG Mining and Intrepid Mines
This week, Resource Investing News profiles RTG Mining and Intrepid Mines. Both companies are listed on the S&P/ASX 300 Metal & Mining index.
For investors focused on the resource space, a good way to track companies listed in Australia is to look at the S&P/ASX 300 (INDEXASX:XKO). The index includes all S&P/ASX 200 (INDEXASX:XJO) companies as well as about 100 smaller-cap companies, and as of April 2015 accounted for 74 percent of the Australian equities market. Specifically, the S&P/ASX 300 Metal & Mining (INDEXASX:XMM) division is a great source for companies to watch.
Resource Investing News is thus profiling companies on the S&P/ASX 300 Metal & Mining index. This week, RTG Mining (ASX:RTG,TSX:RTG) and Intrepid Mines (ASX:IAU,TSX:IAU) are in focus.
RTG Mining merged with Sierra Mining in June 2014, creating an entity that’s focused on copper–gold projects in the Philippines. Specifically, it’s developing its high-grade copper-gold-magnetite Mabilo project, as well as advancing exploration at its Bunawan project. The British Virgin Islands-incorporated company is also interested in identifying major new projects that it can move into production.
Intrepid Mines is an Australia-based exploration and development company that mainly conducts exploration in Zambia. Similar to RTG Mining, the company announced a merger in the summer of 2014, joining up with Blackthorn Resources.
More recently, Intrepid reported this past April on developments at its Mumbwa project, noting that exploration drilling is in progress and that Kitumba copper deposit feasibility studies are continuing.
“In November 2014, a mining license was granted for the Kitumba deposit,” said Scott Lowe, the company’s chief executive. “We plan to progress Kitumba towards final feasibility in a staged manner, and are excited about testing a number of attractive exploration targets located nearby the Kitumba deposit, including some on the same tenement. The government of Zambia has been very supportive of the Mumbwa project, and, looking forward, we remain committed to regular communication and partnering with government officials and representatives as we work towards project financing and development.”
Related reading:
ASX Round-Up: Spotlight on ABM Resources and Amex Resources
ASX Round-Up: Aditya Birla and Greenland Minerals and Energy in Focus
ASX Round-Up: A Look at Cape Lambert Resources and Triton Minerals
ASX Round-Up: Highlighting Lucapa Diamond and Magnis Resources
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