Victory Goldfields Limited (ASX:1VG)

Brendan Clark
Market Cap (AUD): 5.19M
Sector: Materials
Last Trade (AUD): 0.135 +0 (+0%)
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1. About

Victory Goldfields Limited (ASX:1VG), previously Hughes Drilling Limited, is focused on the exploration and development of gold projects and has a portfolio of under-explored tenements in the Cue goldfields of Western Australia.

The Company's strategy is to explore and develop JORC (2012) Mineral Resources and ore reserves within its tenement land holding. Leveraging its land holding position, Victory also aims to acquire additional gold opportunities within the Cue goldfields district, either through JV or acquisition.

In addition to the above, the Company plans to:

  • focus on mineral exploration or resource development opportunities that have the potential to deliver value for Shareholders;
  • consider investment through acquisition or JV in other regions that have a strategic fit; and
  • operate in a sustainable and ethical manner for the benefit of all stakeholders.

2. Business model

3. Strategy

4. Markets

5. Competition

6. History

7. Team

8. Financials

9. Risk