Saturn’s primary objective is to pursue mineral exploration of resource opportunities that have the potential to deliver growth for Shareholders, with an initial focus on the Apollo Hill and Ra Resource areas near Leonora in Western Australia. The Company also intends to assess the acquisition of complimentary tenements and projects as and when those opportunities arise.
Funds from the IPO will be used to immediately commence exploration on the Company’s Apollo Hill and Ra Resource areas, conduct further exploration activities within those areas to identify and grow new higher-grade gold lode/vein exploration targets and commence a cost-effective exploration program across the Tenement package seeking to identify a large new Archaean Lode Gold deposit.
It is anticipated that STN will list on the ASX during March 2018.