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Tectonic Gold - Update

Tectonic Gold Plc became AQEX listed in 2018 following the reverse takeover (RTO) of Australia based gold explorer, Signature Gold. This brought into the company impressive R&D, big data and exploration methodology which has been developed in Australia on other Intrusive Related Gold System (IRGS) regions around the world. Tectonic is focused on the huge global gold opportunities in large-scale high-grade IRGS projects, which investors are just beginning to wake up to.

• Identified and proven gold bearing systems in a highly prolific area

  Tectonic Gold is well positioned to provide the majors with replacement projects. The company has two large, advanced projects, one of which could be a Mt. Morgan (8Moz gold) lookalike, in a highly prolific gold belt. More than 3Moz is now being targeted at each of these two projects after gold bearing systems at each of these projects have been confirmed. Investors benefit from a past £7.5m spend, resulting in compelling discoveries and multiple drill ready targets.

• JORC resource expected within 6 months following 3,500m of drilling

  There are short-term plans for further drilling at the flagship Specimen Hill which seems to be shaping up to have impressive potential. Already, two principle mineral systems (epithermal and porphyry) consisting of Au/Ag and Cu/Au from multi-phase hydrothermal events have been confirmed.

• Rio Tinto has pegged acreage next door to Tectonic’s flagship project

  At the large Biloela Project, Tectonic has given up some ground to focus more on the sweet spot found at Specimen Hill. Rio Tinto has also just taken 60% of the ground that was released. The majors are watching.

• Peer comparisons suggests considerable upside potential

  A highly-leveraged play on the price of gold. We update coverage of Tectonic Gold with a target price of 5.54p and Conviction Buy stance.