Hawsons executive to lead copper-gold hopeful
Hawsons Iron boss Bryan Granzien is heading up a copper-gold hopeful, South-East Queensland Exploration, which is heading to the ASX on February 3 after a $5 million capital raising.
Hawsons Iron boss Bryan Granzien
To be known as SQX, the company has a focus on the Esk Basin which it said was underexplored. It has two prospects, Ollenburgs and Scrub Paddocks.
Granzien’s letter to potential investors in the float said both prospects had known mineralisation and were historical mine workings.
He said soil samplnig at Scrub Paddock had already confirmed mineralisation, but the extent of it was unknown.
“The company intends to drill these high priority targets immediately upon listing with the aim of defining and economic resource,” Granzien said.
The float at 20 cents a share also included one attaching, unlisted loyalty option for every two shares issued. It would be exercisable at 30 cents and expire 36 months after the issue.
The company’s chief executive is Mark Purcell a former executive with Rothschilds, Goldman Sachs, Peabody and Rio Tinto.
