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Australasian Gold Limited (A8G) is a mineral exploration company focused on delivering Shareholder value through the identification, development and acquisition of exploration properties, focusing on mining tenements prospective for gold and other minerals, initially in Queensland and Western Australia.


Immediately following the proposed ASX listing, the Company will launch exploration programs on its flagship May Queen gold project, located in the Brovinia gold field in Queensland and the Mt Clermont project in the Drummond Basin, central Queensland. The Company's exploration efforts will extend to the Fairview gold project (30 Km from Northern Star Resources Limited's Paulsens Gold mine) once this tenement application is approved.


The initial exploration programs will be designed to better understand the structural and depositional geology of the licence areas in order to then develop further exploration programs that will be focused on the expansion of existing known mineralisation and the potential discovery of new deposits.


Slated for IPO in April, the expected IPO date is now 13 May. Some $6million has been raised from the prospectus, at 20c a share. The issue was not underwritten.


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  • 3 months later...

Security Code: A8G

Pause in Trading Trading in the securities of the entity will be temporarily paused pending a further announcement....


which we would hope is material, and not a capital raise, not so soon...

after listing at 20c, A8G was well below that level until the end of August.

Since then there have been a few announcement, drilling at May Queen, transfer of tenement at Capella ( gold field at Capella, near Clermont, QLD) and now Mt Peake in NT.....

... applied for an exploration license in the Anningie pegmatite province (ELA32830). ELA32830 is located in Mt Peake area of the Anningie Tin /Tantalum /Pegmatite fields in the north Arunta Region of the NT. The area is considered highly prospective for hard rock lithium mineralization. ELA32830 covers over 640km2 and shares a boundary with Core Lithium Limited's (ASX:CXO) Anningie lithium project.

now 28c ... after running as far as 47c during the day

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and of course, this is the (sad) reality with these things. .... ( I do not care, experience tells me to AVOID and definitely, absolutely, DO NOT CHASE )



.... from the AFR ... yet another Pump n Dump

Penny stock gold miner Australasian Gold Limited bolted higher shortly after the market opened on Thursday after members of two organised ASX pump and dump groups using the encrypted messaging app Telegram named it as a target.

The shares opened up 9.8 per cent at 28¢, before rallying to about 30¢ before being mentioned on the Telegram groups at 10.15am AEST. The pump signal created a surge to as high as 47¢ minutes after. The stock's peak equalled an 84 per cent gain.


According to market data, a total of 356 trades for 2.32 million shares worth almost $1 million were placed before the ASX intervened and put the shares into a trading halt at 10.20am.


The Telegram groups named ASX Pump and Dump Channel and ASX Pump and Dump Group boast about 1600 members and regularly post messages referencing other penny stocks or sharemarket chat forums.


Messages to the group chats in the days before the pump signal signalled the morning of September 9 as the target date for an organised pump of a penny stock, which preferably had a price-sensitive announcement to evade a quick trading halt from suspicious regulators.


The same messages also advised that a company with a low number of shares on issue and relatively large amount held by top-20 shareholders was likely to be targeted.


The messages encouraged potential pump group members to always use a market, rather than limit order, to allow the price to rise. Targeting less liquid stocks and encouraging the use of market price orders allows more room for artificial buying pressure to increase the price.


Organised manipulators of stock or cryptocurrency prices will generally accumulate shares in the pump target in the days before the pump itself, with the aim of selling into a pre-planned dump known by its "rugging" slang term.


One minute after Australasian Gold Limited was revealed as the pump target, a Telegram app user posted a screenshot from popular sharemarket message board HotCopper, where a September 8 user post also advocated to hold shares in the miner.


Other posters to the Telegram message channels complained that the stock had already climbed before the pump being revealed.


On September 6, Australasian Gold announced to the market that it acquired the title to the Capella gold project in exchange for the issue of 500,000 shares to its vendor.


The Corporations Act s1041a contains provisions against market manipulation including creating an artificial price for trading in financial products. However, dishonest or deceptive conduct is also prohibited.


However, there is little previous case law on organised pump-and-dump messaging groups, which means their treatment under the law is a grey area.


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  • 2 weeks later...

there may be a bit, just a bit, of substance in the performance. Still a minnow hopeful



High grade gold intersected at May Queen and lithium exploration commences at Mt Peake


An Announcement / update on Friday drove the SP past the PnD from the week prior, and end at 38.5c, nearly 50% up for the day.


Though the words of the CEO are all hope and little substance..... On Sunday we will commence exploration at our lithium project in the Northern Territory where we hope to make a transformative lithium discovery in the Arunta pegmatite province. These leases are right next door to developer Core Lithium CXO Anningie and Barrow Creek projects.

● Surface rock chip sampling reveals up to 2.66 g/t gold and 3.43% copper at May Queen gold project, Queensland

● Shallow gold mineralisation confirmed and parallel structure intersected including 6m @ 1.99 g/t Au from 35m and 1m @ 9.39 g/t Au from 68m (Hole MQD0001)

● Drill program results will refine phase II drilling following up on intense alteration with strong porphyry signatures

● On 19 September exploration activities will commence at the 100% owned Mt Peake Lithium Project in the Arunta pegmatite province in the North Territory near Core Lithium's (ASX: CXO) Anningie and Barrow Creek Lithium Projects

● Exploration will target LCT pegmatite potential through surface sampling of targets generated from remote sensor image interpretation and historic exploration

● The company sees potential to make a significant lithium discovery at the Mt Peake pegmatite field

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  • 2 months later...
  • ShareCafe Admin changed the title to A8G - AUSTRALASIAN METALS LIMITED
  • 1 month later...
On 12/3/2021 at 9:56 AM, nipper said:
On 03 December 2021, Australasian Gold Limited changed its name to Australasian Metals Limited. Still A8G.
but indicative of a change of focus?

Indeed. A8G jumping on the Lithium train.

A8G to acquire a 90% interest in a substantial lithium exploration package within the Northern Arunta LCT pegmatite province  

  • A8G to double its landholding in the Northern Arunta LCT pegmatite province through agreement with ASX listed Prodigy Gold to acquire a 90% interest in a large package of highly prospective tenements
  • Exploration on these granted licences to commence immediately following completion of the transaction, leveraging existing target generation work conducted by the CSIRO and the Company
  • A8G is positioning itself to be a dominant player in the exploration and development of lithium projects in the Central Northern Territory
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