Corporate History

Republic Gold Limited ('RAU') was incorporated on 22 September 2003 in Queensland and listed on the Australia Securities Exchange (ASX) on 16 January 2004.  Following the ASX listing which raised $5.4 million, exploration commenced on the company's projects in Far North Queensland 'FNQ'. The Republic management team has extensive successful mining experience in the gold fields of Central Victoria, Australia. The company was attracted to the Hodgkinson Basin in FNQ and the Altiplano region of Bolivia as these regions exhibit similar geological characteristics.

During 2005 Republic was engaged by a Canadian entity that held an option over Amayapampa to explore and develop the project to Definitive Feasibility Stage (‘DFS’). In April 2008 Republic purchased the project outright from Vista Gold Corp (USA).

During the past 21 months Republic has evolved from an explorer to an emerging gold producer. Key highlights for the past year included:

  • December 2009 Australian social and economic consultants visit Bolivia and the Amayapampa Gold Project to finalise the Social Report for the Bankable Feasibility Study.
  • December 2009 Gravity metallurgical testwork programme completed by Gekko Systems of Ballarat, with improved metallurgical recoveries in the primary mineralisation. Optimisation testwork commenced with Gekko Systems of Ballarat.
  • December 2009 2,252 metres of RC drilling completed at Tregoora
  • November 2009 Completed a placement of 150 million shares at a price of 2.6 cents through Patersons Securities Limited raising $3.90 million.
  • November 2009 Completed the acquisition of four strategic mining leases at Tregoora.
  • October 2009 Total gold resources upgrade in the Hodgkinson Basin to 536,000 ounces.
  • August 2009 1,958 metres of RC drilling, 332 metres of diamond drilling (Metallurgical) and 187 metres of costean sampling completed at Tregoora.
  • May 2009 Raised $750,000 in via a placement of 37.5 million shares at 2 cents per share issued to investors in Australia; and
  • May 2009 Raised $3.95 million in via a fully underwritten 1 for 4 rights issue at 2 cents per share to complete the Definitive Feasibility study as well as commence necessary pre-construction works for the Company’s Amayapampa Gold Project in Bolivia; continue with the feasibility studies, exploration, drilling and development of the Company’s Tregoora and Northcote Gold Projects in Far North Queensland and for general working capital
  • May 2009  The Placements and the Rights Issue were fully Underwritten by Patersons Securities Limited and by Republic Gold’s long time corporate advisor Carling Capital Partners Pty Limited.
  • April 2009 Appointed senior Australian personnel to work on both Bolivian and Australian prospects: Paul Pyke - Project Development Manager and Vern Langdale - Consulting Project Engineer.
  • March 2009 Increased the Indicated and Inferred Mineral Resource at the Amayapampa Gold Project by 50% to 26.2 Mt @ 1.23g/t Gold (2007 – 16.1Mt @ 1.4g/t Gold).
  • 2008 Appointed experienced Bolivian nationals personnel in the Bolivian Office based in La Paz: Maria Esther Jitton - Executive President; Herbert Chavez - Senior Geologist; Juan Cabrera - Operations Manager.
  • 2008 Established a full representation and administration office in La Paz, the national administrative capital of Bolivia.
  • 2008/2009 Commenced a Definitive Feasibility Study (“DFS”) for the Amayapampa Gold Project. Continued a Definitive Feasibility Study (“DFS”) for the FNQ Gold Projects.