Pathway to the ASX
With funding secured, an expanded portfolio and a clear identity, Suncrest Gold has entered the final stages of preparation for a listing on the Australian Securities Exchange.
Recent milestones
Oversubscribed A$1.02 million raise completed
The Company set out to raise A$750,000 to fund the costs of an ASX listing and continued growth across its projects. Following strong demand from industry investors and existing shareholders the offer was increased and closed oversubscribed at A$1,024,056 before costs. Proceeds are applied primarily to the listing, exploration growth at Dexter, heritage and land-access costs and working capital.
Kimberley King Project introduced
A tenement application (E04/2943) was lodged over a new gold target in the West Kimberley, adding an early-stage discovery opportunity to the portfolio at low cost.
Name change to Suncrest Gold
Ahead of its planned ASX listing the Company changed its name from Sunshine Gold to Suncrest Gold to avoid confusion with an unrelated ASX-listed company. The change is in name only — the Company's ACN, corporate structure, board, share register and project ownership are unchanged.
Listing preparations
Corporate readiness
Conversion to a public company, board and committee structures, and adoption of the governance framework expected of an ASX-listed company.
Prospectus and due diligence
Preparation of the prospectus, independent geologist's report, legal and financial due diligence with the Company's advisers.
Drill-ready targets at Dexter
Heritage survey and infill surface geochemistry at the flagship project, with the objective of defining drill-ready targets ahead of listing.
Heritage and land access
Progressing heritage agreements at Dundas, Golden Creek and Kimberley King so that field programs can begin as soon as tenure is granted.
Exploration roadmap
Validation & drill readiness
- Complete the ASX listing
- Dexter — heritage survey and orientation geochemistry
- Dundas — heritage clearance
- Golden Creek and Kimberley King — heritage access
Discovery drilling
- Dexter — first diamond holes under known mineralisation and RC across key targets
- Dundas — success-based aircore on the intrusion and drill highs
- Golden Creek — field investigation with an epithermal specialist
- Kimberley King — mapping and rock-chip sampling
Resource definition
- Define a maiden JORC (2012) Mineral Resource
- Infill drilling and resource modelling
- Scoping study and project pipeline growth
There is no guarantee that the proposed listing will proceed, or as to its timing or terms. Further updates will be provided to shareholders as preparations progress.