Ajax Resources CEO Ippolito Cattaneo joined Steve Darling from Proactive to announce the company’s application for admission to the Aquis Stock Exchange (AQSE) Growth Market, alongside a planned fundraising of up to £1.5 million. The capital will support Ajax’s exploration efforts in Argentina, primarily at its flagship Eureka gold-copper project in Jujuy, northwest Argentina.
Cattaneo highlighted that Eureka, acquired from Bezant Resources on May 21, consists of 12 licences and includes a historical mine last operated in the 1980s. The project is considered drill-ready and positioned at an advanced exploration stage, with the potential to evolve into a low-cost producing mine within three to four years. A historical, non-compliant resource estimate from the 1990s indicated approximately 620,000 tonnes of copper and 52,000 ounces of gold.
In addition, Ajax has conditionally agreed to acquire the adjacent Minas La Escondida project, which shares similar mineralisation characteristics with Eureka. Admission to AQSE is expected at 8:00 a.m. on June 9, with Ajax retaining its current ticker symbol, “AJAX.”
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