Welcome to Chase Mining Corporation Limited
The Company was previously listed as TopTung Ltd (ASX: TTW). A General Meeting of the Company (TTW) on 9 January 2019 approved the change in the Company’s name from TopTung Ltd to Chase Mining Corporation Limited (ASX: CML).
The name change reflects the Company’s developing multi-commodity focus following its acquisition of Australian company Zeus Minerals Pty Ltd and its wholly owned Canadian subsidiary Zeus Olympus Sub Corp and their strategic Ni-Cu-PGE properties in Quebec, Canada while continuing to advance the Torrington Topaz and Tungsten Project in Australia.
Overview and Strategy
Chase Mining Corporation Limited (Chase Mining or the Company) (ASX:CML) is an Australian-based minerals development and exploration company with projects in Canada and Australia.
In Quebec, Canada the Company through its wholly owned Australian subsidiary Zeus Minerals Pty Ltd and its wholly owned Canadian subsidiary Zeus Olympus Sub Corp is pursuing a multi-commodity programme which is focused on advancing its 100%-owned Belleterre-Angliers Greenstone Belt (BAGB) nickel-copper-PGE and gold projects in Southwestern Quebec.
The Company’s first drill programme in Canada (ASX 8 October 2018) at the Alotta Prospect successfully intersected significant widths of 2-3% Ni, + 2% Cu, 0.1% Co and 2-3g/t PGE (ASX 13 November). In addition, early stage evaluation of historic data from the Lorraine Project has outlined both Ni-Cu-PGE and gold potential centred on the Lorraine Cu-Ni Mine area.
2019 exploration programmes in the BAGB have included a helicopter borne VTEM survey; diamond drilling within the Lorraine Project area; and further detail drilling at the Alotta Prospect which intersected further Ni-Cu massive sulphides – assay results pending.
At the historic Lorraine Ni-Cu Mine high-grade gold veins were sampled during the drift development in the footwall to the mine. The Company plans to undertake an initial drill programme during the second quarter 2020 targeting the gold rich zones.
In Australia the Company through its wholly owned subsidiary Torrington Minerals Pty Ltd is progressing the development of its Torrington Topaz-Tungsten Project in northern NSW with a Mining Lease application in place and Environmental Impact Studies are well advanced. In addition, through its wholly owned subsidiary Topfibre Pty Ltd Federally funded Topaz research into the production of mullite fibre from topaz at the University of NSW is now in its second year with very encouraging and quantifiable recent results being achieved.
It is the Company’s dual strategy to unlock value for shareholders through early stage exploration success in Canada (for Ni-Cu-PGE and gold) and through the continuation of the development of the Torrington Topaz-Tungsten deposit in Australia.