MALACHITE is an ASX listed Australian resources company whose primary aim is to create shareholder wealth by the discovery or acquisition of gold, silver, copper and tin ore deposits and their subsequent development and operation as profitable mines.
The company's strategy is to maintain its focus both geographically and in terms of its core commodities. While gold has the highest priority, it is well known that in eastern Australia copper commonly occurs with gold, or in the same area as gold, or in the same area as gold. It is these strong associations that allow focus to be maintained while providing shareholders with exposure to a diversity of high value metals.
When the Company listed on the ASX it was purely an exploration play, focused on the steepest part of the mining industry value curve – the discovery phase. Since then, Malachite has made the transition from successful explorer to miner by developing the Lorena gold mine which is located in northwest Queensland.