Siren Gold Limited (ASX:SNG)

$0.05 Market Cap of $10 Million.

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Description

Siren Gold Limited targeting high-grade gold & antimony, New Zealand.

Siren Gold Limited (ASX: SNG) listed on the ASX in October 2020 raising A$10m at $0.25 per share. The listing was based on advanced exploration projects in the Reefton Goldfield, located in the South Island of New Zealand.

Siren purchased the Sams Creek project for A$250k in November 2022 and completed an updated mineral resource estimate based on a potential underground mining operation of 824koz @2.8g/t Au at a 1.5g/t cut-off.

In November 2024, Siren completed a broader consolidation of the Reefton tenement package by selling the Reefton Project to RUA Gold (TSXV:RUA) for A$22 million in cash and shares. Siren continues to maintain exposure to the Reefton Project through the shareholding in RUA (approximately 26%), and also gained exposure to RUA’s high-grade Hauraki Gold Project, in the North Island of New Zealand.

Siren also has two additional tenement packages in Langdons and Queen Charlotte (both in the South Island of New Zealand), where the Company plans to explore for Gold and Antimony in the coming years.

Siren has a Global Indicated and Inferred MRE of 824koz @ 2.8g/t Au at a 1.5g/t cut-off from the Sams Creek project, with additional drilling planned in the coming year to further grow the resource base.

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