Tectonic Gold - Update

High-grade focused Australian gold portfolio with multi-million ounce potential projects to be joint ventured or sold to majors

Tectonic Gold Plc became AQEX listed in 2018 following the reverse takeover (RTO) of Australia based gold explorer, Signature Gold. This brought into the company impressive R&D, big data and exploration capabilites which had been developed in Australia on other Intrusive Related Gold System (IRGS) regions around the world. Tectonic is focused on the huge global gold opportunities in large-scale high-grade IRGS projects, which investors are just beginning to wake up to.

  • Identified and proven gold bearing systems in a highly prolific area

    Tectonic Gold is well positioned to provide the majors with replacement projects. The company has two large, advanced projects, one of which could be a Mt. Morgan (12Moz gold) lookalike, in a highly prolific gold belt. Gold bearing systems have been consistently intersected by drilling on both projects, with each of them having multi-million ounce potential.

  • Drilling resumes at Specimen Hill following copper porphyry

    The 2020 drilling programme successfully intersected epithermal gold and copper-gold porphyry mineralization. There are short-term plans to complete a short round of drilling at the flagship Specimen Hill project to further investigate these two principle mineral systems that formed from multi-phase hydrothermal events.

  • Joint venture deal with major or cash disposal looks very close now

    Highly compelling exploration results from the large Biloela Project show that tremendous value could be unlocked here. Majors are watching, with Rio Tinto pegging acreage that Tectonic released next door to its flagship project.

  • Exploration results and industry metrics suggest over 500% upside

    Our conservative valuation highlights the potential. We coverage of Tectonic is updated with a target price of 6.60p and Conviction Buy stance.


    Tectonic Gold is a research client of Align Research. Align Research own shares in TTAU Company. Full details of our Company & Personal Account Dealing Policy can be found on our website http://www.alignresearch.co.uk/legal/ 

    For full disclaimer information please refer to the last page of the full document. This investment may not be suitable for your personal circumstances. If you are in any doubt as to its suitability you should seek professional advice. This note does not constitute advice and your capital is at risk. This is a marketing communication and cannot be considered independent research.

Table: financial overview
Year to June 2019A 2020A 2021E 2022E
Revenue (£,000) 24 295 - -
Pre-tax (£m) (1,119) 208 124 960
EPS (0.12) 0.04 0.04 0.12
Source: Company accounts & Align Research