PERTH (miningweekly.com) – Junior Metalicity has revealed that it is hunting for gold assets, as it advances its own Western Australian assets.
The company told shareholders on Monday that it was evaluating several gold acquisition opportunities consistent with its strategy of adding projects to its portfolio which it believed would be value accretive.
Corporate advisers have been appointed to assist with the hunt, said MD Matt Gauci.
“We have engaged corporate advisers to support our ongoing strategy to add projects to our portfolio which we believe have the potential to add significant shareholder value.”
In the meantime, the junior would also evaluate other alternatives to realise shareholder value, with Gauci pointing out that the company was evaluating the "optimal corporate structure" to progress its gold portfolio and realise the value that existed within these projects.
These other alternatives included a possible asset restructure into a newly listed entity.
Metalicity currently holds the Rocky Gully, Phillips River and Lake Cowan exploration projects.