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its restart of the Wonawinta silver mine Comment: Chris Bowden told Paydirt sister publication
and ongoing processing of stockpiled gold Gold assays from stage one aircore drilling GMJ that the team’s experience in the
from the nearby historic Mt Boppy project. at Emu Lake are expected in early 2021, as country had allowed Megado to pick up
While the Sydney-based company’s share drilling at Kanowna East (gold, nickel) was the most prospective ground. “Ethiopia is
price has retreated from a high of 71c in in progress at the time of print. Kanowna frontier territory for gold exploration so there
late August, Manuka executive chairman East, Emu Lake and Fraser South are the are higher barriers to entry but given my
Dennis Karp could not be happier with the three projects Western Areas Ltd has the experience there, we think Megado has a
progress being made. “Given there were no right to earn 75% interest in through an huge competitive advantage,” Bowden said.
IPOs at the time, we weren’t certain how the earn-in JV agreement with Metal Hawk,
market was going to take a new resources which is free carried to decision to mine
IPO,” Karp told Paydirt last year. “We were and retains gold rights at Kanowna East Miramar Resources Ltd
very pleasantly surprised after two days and Emu Lake. Meanwhile, Chalice Mining
[of launching the prospectus] we had more Ltd can earn up to 70% of the Viking gold ASX: M2R
than doubled the high-end of the amount of project by spending $2.75 million on explo- Listing date: October 22
money we were looking for.” ration over 4.5 years also under an earn-in
agreement with Metal Hawk. IPO amount: $8 million
Share price range since listing: 27-56c

Megado Gold Ltd Address: Unit 1, 22 Hardy Street, South
Perth, WA 6151
ASX: MEG Tel: +61 8 9322 3382
Website: www.miramarresources.com.au
Listing date: October 27 Email: info@miramarresources.com.au
IPO amount: $6 million Key personnel: Allan Kelly (executive
Share price range since listing: 15-28.5c chairman), Marion Bush (director), Terry
Address: Level 12, 197 St Georges Gadenne (non-executive director)
Terrace, Perth, WA 6000 Focus: Gold, copper, base metals,
Tel: +61 8 6141 3260 Western Australia
Website: www.megadogold.com Comment:
Social: @megadogold Miramar had its first exploration licence in
Email: mflynn@megadogold.com the Bangemall region granted last month.
Bangemall is believed to be prospective for
Key personnel: Bradley Drabsch (non- nickel-copper-PGE mineralisation in the
executive chairman), Michael Gumbley ilk of Nova, Voisey’s Bay, Nebo-Babel and
(managing director), Chris Bowden Norilsk. The company targeted projects at
(executive director) Bangemall using the same regional data-
Focus: Gold, Ethiopia sets that led to Chalice Julimar discovery.
Comment: Meanwhile, drilling has been completed at
Four projects in perhaps the most under- the Gidji gold JV, 15km north of Kalgoorlie,
explored part of Africa form the base of with a diamond campaign to follow and
Megado. In October, executive director aircore drilling at Lang Well.

Metal Hawk managing director Will Belbin
(right) with Western Areas managing
director Dan Lougher Allan Kelly

Metal Hawk Ltd

ASX: MHK

Listing date: November 19
IPO amount: $5.5 million
Share price range since listing: 22-30.5c
Address: Level 2, 18 Kings Park Road,
West Perth, WA 6005
Tel: +61 8 9226 0110
Website: www.metalhawk.com.au
Social: @metal_hawk_ltd
Email: admin@metalhawk.com.au
Key personnel: Brett Lambert (non-
executive chairman), Will Belbin
(managing director)
Focus: Gold and nickel, Western Australia

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