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Spitfire Materials Limited ("Spitfire")

Spitfire Materials Limited (ASX: SPI) is an Australian gold company which has embarked on a strategy to build a substantial long-term gold business in Western Australia’s Eastern Goldfields through a combination of exploration, acquisition and strategic consolidation.

Spitfire completed a merger with ASX-listed gold developer Aphrodite Gold in early 2018, resulting in the acquisition of the 1.3Moz Aphrodite Gold Project, 65km north of Kalgoorlie – one of the more significant undeveloped gold assets in the Kalgoorlie district.

The large-scale Aphrodite Project forms the cornerstone of Spitfire’s gold consolidation strategy, with aggressive resource in-fill and extensional drilling programs planned for the first quarter of 2018 aimed at upgrading the resource as the foundation for development studies.

Aphrodite also offers outstanding synergies with Spitfire’s Mulwarrie Gold Project, located 65km away, where it has recently discovered significant high-grade primary gold mineralisation.

Spitfire is well-funded to rapidly advance its portfolio of Australian gold projects, having completed a strongly supported $5.33M capital raising in early 2018. Other assets within its portfolio include the highly prospective Alice River Gold Project in North Queensland, the England Gold Project in the Laverton district of WA, and the Yoda Project in the Northern Territory.

Project highlights

Aphrodite Gold Project

Western Australia

The Aphrodite Gold Project is located 65km north of Kalgoorlie in the Eastern Goldfields of Western Australia and has a long history of exploration and resource estimation by several parties dating from its discovery in the mid-1990s.

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Alice River Gold Project

Queensland

The Alice River Gold Project is located 470km north-west of Cairns in NE Queensland. The project encompasses eight Exploration Permits for Minerals (EPMs) and eight granted Mining Leases (MLs), for a total of 808 square km.

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Mulwarrie Gold Project

Western Australia

The Mulwarie Gold Project is located 150km north-west of Kalgoorlie in the Ularring District of the North Coolgardie Mineral Field. The project encompasses two contiguous tenements, M30/119 (68 Ha) and M30/145, which lie 10km north-west of the Davyhurst Mining centre.

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England Gold Project

Western Australia

In late 2016, Spitfire acquired 100% of the granted Western Australian gold exploration license E38/2869 which is known as the England Gold Project.

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Yoda Gold Project

Northern Territory

In late 2016, Spitfire acquired 100% of the granted Northern Territory exploration licence EL 30834 which is known as the Yoda Prospect.

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South Woodie Woodie Project

Western Australia

The South Woodie Woodie Manganese Project comprises of 2 retention licences and 3 granted exploration licences.

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