Demetallica Limited (ABN 16 061 595 051) is an Australian public minerals exploration company listing on the Australian Securities Exchange (ASX). A Prospectus was lodged with ASIC on 8 April and can be accessed here.
The Company successfully raised $15 million (before costs) and has 3,830 shareholders.
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The Windsor tenements are located 60km south of Charters Towers in mid north Queensland. Covering 629km² the 7 tenements offer discovery potential for multi-element deposits with similar geochemistry to nearby high-grade VMS style mines, such as Thalanga, Highway-Reward, Waterloo and Liontown.
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750km NNW of Adelaide on the NE margin of the Gawler Craton lies the Peake and Denison Inlier, a Paleoproterozoic basement terrane covered by younger sediments. The project area covering 2,547km² comprises four granted exploration licences owned 100% by Demetallica.
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The Chimera Polymetal Project collates geographically close poly element mineral deposits under Demetallica’s 100% ownership. Chimera (pronounced ky-mer-ah) is Demetallica’s flagship asset group and will receive priority expenditure attention upon Demetallica’s ascension to an ASX listing.
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