SAU
Director Trades
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Company News
Australian mining companies flock to Asia as higher commodity prices and improved relations fuel interest
High commodity prices, improved working conditions, and better government relations, are attracting Australian mining companies back to Asia with a number of success stories helping repair past damage. Nickel Industries (ASX: NIC) is the star of the show, teaming up with one of China’s biggest steel makers to produce nickel for its stainless steel operations […]
Southern Gold raises $10.2m, welcomes Dr Quinton Hennigh’s Crescat Capital to the register
A strategic North American investor Crescat Capital LLC has corner-stoned Southern Gold’s (ASX: SAU) oversubscribed $10.2 million equity raising. Southern Gold has received binding commitments from sophisticated and institutional investors for the subscription of 85 million shares $0.12 per share to raise the $10.2 million. The placement was “well oversubscribed” and includes Denver-based asset management […]
Southern Gold continues exploration in South Korea, begins hunt for strategic copper-gold assets in Australia
Southern Gold (ASX: SAU) has reiterated its focus remains on its South Korean gold-silver portfolio, but it is also leveraging its expertise to seek new strategic copper and gold investments within Australia. The company spent the November to January winter months in South Korea compiling data to identify new epithermal gold-silver regional targets in the […]
Southern Gold focuses on drilling and project generation at South Korea gold assets
A busy September quarter saw Southern Gold (ASX: SAU) focus on field reconnaissance sampling and database compilation for upcoming project generation work at its South Korean gold assets. At the Deokon project, the company completed a short diamond drilling program in response to the discovery earlier this year of the Thistle and Nettle zones, which returned a […]
Southern Gold focuses on intensive exploration to generate new drill targets at Korean projects
Having wrapped up the sale of its Gubong and Kochang joint venture interests in South Korea during the June quarter, Southern Gold (ASX: SAU) has turned its attention to intensive fieldwork activities across five project areas in the nation’s Yeongdong Basin with a view to generating future drill targets. Drilling, surface and soil sampling is […]
Southern Gold disposes of Kochang and Gubong equity in deal worth US$10m
Southern Gold (ASX: SAU) has agreed to dispose of its 50% stake in the South Korean-based Kochang and Gubong projects to joint venture partner LSE listed Bluebird Merchant Ventures (BMV) in a deal worth US$10 million (A$13.2 million). The companies have reached a definitive agreement, which will see BMV either issue 200 million shares at […]
Southern Gold kicks-off drilling at Deokon gold project, assays pending for Daeam
South Korea-focused Southern Gold (ASX: SAU) has kicked-off drilling at its Deokon project, while anticipating assays from soil sampling across its Daeam asset. Drilling has started at the Nettle zone within Deokon and will target a newly identified structural intersection. The intersection has coincident peak gold soil anomalies from soil sampling and detailed structural mapping. […]
Southern Gold to begin drilling in Korea after confirming 1km gold-silver mineralised zone
Intensive exploration work undertaken last year by Adelaide-based Southern Gold (ASX: SAU) in South Korea is beginning to pay off with drilling to begin soon after regulatory approvals have been given. These are expected by late April. The company spent the northern autumn in South Korea carrying out preliminary exploration to identify future drill targets, […]
Southern Gold looking to identify Korean targets to drill later this year
Adelaide-based Southern Gold (ASX: SAU) spent the northern autumn in South Korea with a strong focus on future drill targets, particularly for action in the second half of 2021. Southern Gold has eight 100%-owned projects in South Korea and is aiming to revive gold production in the country. The company’s strategy is to become an […]
Southern Gold strikes price for sale of stakes in Korean gold projects
Adelaide-based Southern Gold (ASX: SAU) has come to agreement with its joint venture partner in South Korea, reporting the sale price for its 50% stake in two gold projects has been set at US$9.945 million (A$13.475 million). The Australian company will now press on with its 100%-owned projects, which includes the historic gold-silver-germanium Weolyu mine. […]
