The project is based around seven exploration licences and two mining leases, one of which is currently undergoing the application process, and cover an area of approximately 145 km2.
Credo is geologically located on the northern cusp of one of the richest mining districts in Western Australia containing the mining centres of Coolgardie (>2.6moz), Bullabulling (>3moz), Kununalling (>3moz) and Jaurdi Hills (>2.5moz).
Funds generated through the IPO will be used to continue exploration work on the Company’s tenements to seek to prove up reserves capable of being mined and processed at a nearby gold processing facility. Four processing facilities have been identified that would be capable of treating the Company’s ore in the event sufficient reserves were identified.
It is anticipated that GRA will list on the ASX during May 2019.