Shine is an Australian privately-held gold focused exploration and development company with a unique low corporate overheads model and strategic alliances with leading technical sponsors. This allows the Company to greatly reduce cash costs and maximise the value of its investors’ committed capital.
The Company has a package of strategically-located tenements approximately 65km north of Kalgoorlie, Western Australia which are proximate to numerous existing mills and services providers. Shine’s primary large-scale exploration and development target is the Chameleon Project and the company has numerous secondary shallow oxide targets for simple, low capital cost extraction and processing.
Shine’s strategy is to focus on maximising investor value by sequentially executing shallow, low-cost, near-term and free-cash-flowing oxide operations to generate investor returns in the form of dividends, while self-funding work programmes to identify and extend new and existing bodies of mineralisation. This allows Shine to reduce future equity dilution while also delineating larger-scale bodies of mineralisation for future development as longer-term underground operations.
Shine expects to commence operations at its Chameleon Shallows Project during January2021 and continues to review additional value-add opportunities for addition to its project portfolio.