Auzex Resources Limited

Auzex is an Australian (Brisbane based) Company listed on the Australian Securities exchange in 2005. (ASX:AZX) 

• Auzex is seeking to develop their existing projects towards production.
• Auzex has approximately 39.3 million shares on issue at the current share price of $0.18 giving a market capitalisation of $7.3m.  The top 10 share holders represent 41% and the top 20 represent 52%. There are approximately 800 shareholders.  Prior to the current economic crisis, share price traded over A$2 and averaged over $1 during the 2007-08 period.
• Auzex’ business model is to make mineral discoveries and engage investors to develop whilst retaining some equity or royalty stream. The Company is managed by experienced and competent geologists and mining industry professionals.

• All Auzex exploration licenses are in good standing.
• Auzex have applied cutting edge technology , namely:
  • GIS Predictive Modelling and Economic Modelling technology that provides a significant competitive advantage when undertaking modern exploration techniques;
  • Increases the likelihood of discovery from the industry average of 1:1000 to 1:10;
  • Reduces the timeframe of discovery by a number of years; and
  • Reduces the cost of exploration and discovery significantly.

• Auzex holds 12 exploration licenses located in Australia and New Zealand that have been identified as prospective targets through the application of their exploration approach.

• Exploration work has focussed on intrusion related gold deposits (IRGD) which have a mineral association of gold, molybdenum, tin, tungsten and bismuth.  The Company’s diversified projects reflect that relationship.

Auzex has also identified other target properties currently held by others for acquisition.

See also Auzex Resources Corporate Strategy