Tectonic Gold

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 methodology which has 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 (8Moz gold) lookalike, in a highly prolific gold belt. More than 3Moz is now being targeted at each of these two projects after gold bearing systems at each of these projects have been confirmed. Investors benefit from a past £7.5m spend, resulting in compelling discoveries and multiple drill ready targets.

  • JORC resource expected within 6 months following 3,500m of drilling

    There are short-term plans for further drilling at the flagship Specimen Hill which seems to be shaping up to have impressive potential. Already, two principle mineral systems (epithermal and porphyry) consisting of Au/Ag and Cu/Au from multi-phase hydrothermal events have been confirmed.

  • Rio Tinto has pegged acreage next door to Tectonic’s flagship project

    At the large Biloela Project, Tectonic has given up some ground to focus more on the sweet spot found at Specimen Hill. Rio Tinto has also just taken 60% of the ground that was released. The majors are watching.

  • Peer comparisons suggests considerable upside potential

    A highly-leveraged play on the price of gold. We update coverage of Tectonic Gold with a target price of 5.54p and Conviction Buy stance.


    Tectonic Gold (TTAU) is a research client of Align Research. Align Research & a director of Align Research hold interests in the shares of TTAU. 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 2018A 2019A 2020E 2021E
Revenue (£'000) 199 32 48 360
PTP (£'000) (3,534) (1.151) (526) (578)
EPS (p) (1.80) (0.12) (0.07) (0.06)
Source: Company accounts & Align Research