Company Interview / New gold miner IPO is in town

Graham Howard, CEO of Right Resources (ASX:RRE) highlights the company’s strong debut in a buoyant gold market, underscored by enthusiastic support from both institutional and high-net-worth investors. Howard attributes the success to diligent teamwork and the significant potential of the company’s gold projects in southern New South Wales, where Right Resources controls an expansive land position of over 2000km², including eight exploration licences around the flagship Pilot Project.

Howard states the Pilot Project targets a recently identified large gold system in an area with a rich history dating back to 1855, but minimal historical records. Utilising lidar technology has enabled the company to accurately map historical workings and uncover lost deep underground mines. Surface sampling at Pilot reveals impressive gold grades ranging from 0.29g to 56g per tonne. Notably, these areas have never been drilled, presenting unique untapped opportunity. The focus is on progressing diamond drilling before Christmas, with 37 identified targets including Bullseye, which contains notable copper and strong gold grades, as well as the Storm Project, discovered in November 2024.

Howard regards the current market climate as offering substantial upside for both gold and copper, with immediate priorities centred on drilling at Pilot. Execution and delivering promised results remain paramount for ongoing investor confidence in Right Resources (ASX: RRR)