By Mark Gordon, Independent Investment Research
Spitfire Materials Limited (“Spitfire” or “the Company”) sees the re-emergence of the highly-regarded founders of ASX lithium developer Pilbara Minerals (ASX: PLS), now a $1.2 billion company, in the Australian junior gold sector. Spitfire is undertaking a transformational strategy aimed at building a significant Australian gold developer and, down the track, producer.
Most recently, the Company has announced a merger with Aphrodite Gold Limited (ASX: AQQ, “Aphrodite Gold”), owners of the Feasibility-level 1.26Moz Aphrodite Gold Project (“Aphrodite”), located adjacent to infrastructure just 65km north-west of Kalgoorlie in Western Australia. The merger is expected to be finalised in December 2017.