Anax Metals Ltd
Anax Metals Limited is an Australia-based exploration and development company.
The business
Anax Metals Limited is an Australia-based exploration and development company. The principal activities of the Company are mineral exploration and assessing and acquiring either directly or indirectly exploration and mine development projects. The Company’s project includes Whim Creek project, Mount Short project, and Loudens Patch project. The Whim Creek Copper-Zinc-Lead project is located approximately 120 kilometers (km) south-west of Port Hedland in the Central Pilbara Region of Western Australia. Within the project are four main prospects, namely Whim Creek, Mons Cupri, Salt Creek, Evely. The Mount Short tenement E74/651 secures a 50 square kilometers (km2) area of Ravensthorpe Greenstone Belt for volcanogenic massive sulfides (VMS), nickel massive sulfides and gold mineralization. The Loudens Patch tenement E47/4281, is located adjacent and to the east of the Whim Creek Project and is prospective for gold and lithium.
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Latest news
Anax Metals Delivers Bonanza Grades from Near-Surface Mineralisation at Mons Cupri Deposit
Anax Metals reports bonanza near-surface high-grade hits at Mons Cupri, boosting early cashflow as restart plan advances (incl. 85.9m @ 2.89% CuEq).
Anax Metals Raises $10 Million to Fund Whim Creek Development and Repay Debt
ANX Metals raises $10m via two-tranche placement to fund Whim Creek and repay a $3.5m Jetosea loan, boosting cash to ~A$7m; Tranche 2 EGM pending.
Anax Metals Reinforces Outstanding Economics with Whim Creek DFS
Anax Metals' Whim Creek DFS flags base-case NPV7 A$501m, IRR 98% (spot 118%/A$649m); ~A$723m cash flow over 10 years; 12–14 month payback; funding crucial.
Anax Metals secures $103m cornerstone investment to fast-track Whim Creek restart
Anax Metals (ASX: ANX) has received a $103 million strategic investment and funding package from Mineral Development Partners (MDP) that will allow MDP to earn up to 19.99% equity in Anax and up to an 81.1% interest in the Whim Creek copper project in Western Australia. MDP is a global consortium that focuses on unlocking […]
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