What Siren Gold does

Siren Gold Limited (ASX: SNG) is a pre-revenue Australian-incorporated mineral exploration company headquartered in West Perth that acquires, explores, and advances gold and antimony resource projects in New Zealand. Founded and listed on the ASX in October 2020 at A$0.25 per share (raising A$10 million), the company currently controls three directly held assets: the Sams Creek Gold Project (82% JV with Ocean Gold, hosting a JORC Mineral Resource Estimate of 824,400 oz at 2.82 g/t Au), the Queen Charlotte Project (covering a 12 km mineralised strike along the Endeavour shear zone), and the Langdons Gold & Antimony Project in the Paparoa goldfield. Exploration is conducted via conventional methods including diamond drilling, soil geochemistry, ionic leach sampling, and JORC-compliant resource estimation, with a particular domain specialisation in stibnite/antimony mineralisation.

The company monetises assets through one-time dispositions and joint venture arrangements rather than operating production. In November 2024, Siren Gold sold its wholly owned subsidiary Reefton Resources Pty Ltd (holder of the Reefton tenement package) to Rua Gold Inc. (TSX:RUA) for A$22 million (A$4M cash + A$18M in Rua shares), retaining a ~12.1% strategic stake in Rua that provides ongoing exposure to both the Reefton and Hauraki Goldfields. Siren also holds equity exposure valued at approximately A$21.5 million in Rua at recent market capitalisation. Capital is raised through ASX-listed equity issuance (including an A$4 million raise in September 2025 for Sams Creek drilling) and the company maintains 51-100 employees with a leadership team led by CEO Zane Padman (appointed August 2025) and Non-Executive Chairman Paul Kopejtka.

Siren's go-to-market is investor- and partnership-led rather than product-led, communicating through ASX announcements, broker research coverage (Evolution Capital, Martin Place Securities, Arrowhead, Morgans), annual reports, and investor conferences (Diggers & Dealers, Nooca, PDAC). The company has no commercial product pricing, and a key risk event occurred in May 2026 when NZP&M declined the Sams Creek Mining Permit Application, removing the most direct development pathway for the flagship asset. As of May 2026, market capitalisation was approximately A$14.4 million.

Name

Siren Gold

Legal name

Siren Gold Limited

Website

https://sirengold.com.au

Company type

Public

Founded year

2020

Operating status

Operating

Headcount range

51–100 employees

Short description

Siren Gold is a pre-revenue ASX-listed mineral explorer focused on gold and critical-mineral antimony projects in New Zealand, anchored by the Sams Creek JV (824 koz Au) and a strategic stake in Rua Gold.

Ownership category

akta.pro rank

Product category

Gold and Antimony Mineral Exploration

NAICS

Gold Ore and Silver Ore Mining (212220), Gold Ore and Silver Ore Mining (21222)

SIC

Gold And Silver Ores (1040)

akta.pro primary industry

Gold Mining (IMAKAEAA)

Keywords

• Gold exploration
• Antimony mining
• Mineral exploration
• Mining exploration
• Critical minerals

Headquarters

HQ city

Perth

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Asset sales and joint ventures: Siren Gold generates returns by selling or partnering exploration assets. In November 2024, the company sold the Reefton Project to Rua Gold for A$22 million (A$4M cash + A$18M in Rua shares). The company retains a strategic stake in Rua Gold (approximately 12.1%).
2. Future gold and antimony production: If exploration results support economic extraction, Siren Gold may develop mining operations to produce gold and antimony. The Sams Creek project represents the primary development asset with an existing MRE of 824koz at 2.82 g/t Au.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Siren Gold is a pre-revenue exploration company that acquires, explores, and advances gold and antimony mineral resource projects in New Zealand. The company conducts drilling programs to define JORC-compliant resources and seeks to monetize assets through joint ventures, sales, or development into mining operations. Its portfolio includes the Sams Creek Gold Project (JV with Ocean Gold), Queen Charlotte, and Langdons projects.

Product overview

Siren Gold Limited is a New Zealand gold explorer operating as a single-entity exploration company focused on high-value gold and antimony projects. The company's project portfolio consists of five main assets: the Sams Creek Gold Project (flagship, 82% JV with Ocean Gold), the Queen Charlotte Project, and the Langdons Gold & Antimony Project (all directly owned), plus strategic shareholdings in Rua Gold Inc. (TSX:RUA) providing exposure to the Reefton Goldfield and Hauraki Goldfield. The company also extracts value through antimony/stibnite commodity production, which is a critical mineral gaining strategic importance due to its applications in renewable energy, flame retardants, and liquid metal batteries.

Differentiator

Problem solved

Functional benefit

Products and services

• Sams Creek Gold Project A significant gold exploration project at the top of New Zealand's South Island in Golden Bay, representing one of the largest undeveloped gold resources in New Zealand with a JORC Mineral Resource Estimate of 824 koz at 2.82 g/t Au. The project is a joint venture between Siren (82%) and Ocean Gold (18%).
• Queen Charlotte Project Located in Marlborough Goldfields, New Zealand, hosting multiple high-grade antimony occurrences within a regionally extensive shear zone system including the historic Endeavour Inlet, Endeavour East, and Resolution Bay mines. The project hosts a 12km mineralised strike along the Endeavour shear zone.
• Langdons Gold & Antimony Project Located in the Paparoa goldfield approximately 50km SW of Reefton, hosting historical Langdons and Croesus gold and antimony mines within Greenland Group rocks.
• Reefton Goldfield (Strategic Investment) Siren Gold holds a strategic stake in Rua Gold Inc. (TSX:RUA) providing exposure to the Reefton Goldfield including projects with a resource of 552koz AuEq at 3.11 g/t AuEq.
• Hauraki Goldfield (Strategic Investment) Siren Gold has exposure to the Hauraki project in the North Island of New Zealand through its shareholding in Rua Gold, boasting significant footprint in high-grade gold and silver mining with circa 50 epithermal deposits.

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• Rua Gold Inc. (TSX:RUA)coreStrategic or Co-development Partner · 1 November 2024Siren Gold sold its Reefton Project (via Reefton Resources Pty Ltd) to Rua Gold Inc. for A$22 million (A$4M cash + A$18M in shares). Siren retains approximately 26.1% of Rua Gold shares, providing ongoing exposure to the Reefton Goldfield and the Hauraki Goldfield projects.
• Ocean Gold (TSX:OGL)coreStrategic or Co-development PartnerThe Sams Creek Gold Project is a joint venture between Siren Gold (82%) and Ocean Gold (18%). Ocean Gold is the premier gold producer in New Zealand.

Scale indicators9 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Rua Gold Inc. Toronto-listed NZ-focused gold explorer that acquired Siren's Reefton Project for A$22M in November 2024. Siren holds ~26.1% of Rua Gold. Direct peer given shared NZ goldfield exposure and exploration-stage business model.
• OceanaGold Corporation: TSX/ASX-listed mid-tier gold producer and Siren's 18% JV partner at Sams Creek. OceanaGold operates the Macraes mine in NZ (where Siren's Technical Director Paul Angus previously discovered >3Moz), making it the closest operational and geological comparable.
• Mandalay Resources Corporation: TSX-listed gold and antimony producer operating the Costerfield mine in Australia, the very geological analogue Siren cites for its antimony exploration strategy. Closest peer on dual gold-antimony commodity exposure.
• Perpetua Resources Corp. NASDAQ-listed developer of the Stibnite Gold-Antimony Mine in Idaho, the most prominent western gold-antimony development project. Comparable to Siren on dual gold-antimony thesis and critical mineral strategic narrative.

Emerging players

• Trigg Minerals Limited: ASX-listed junior antimony and critical minerals explorer with projects in Australia. Comparable as a small-cap pure-play antimony exposure story, though geographically and stage-different.

Broad incumbents

• Westgold Resources Limited: ASX-listed mid-tier Australian gold producer; Siren's new CEO Zane Padman was previously General Manager – Operations for Westgold's Meekatharra Gold Operations. Provides a credible Australian gold production comparable for capital and operational benchmarking.
• Evolution Mining Limited: ASX-listed mid-tier Australian gold producer with diversified mine portfolio. Comparable as a potential acquirer profile and benchmark for valuation multiples on advanced-stage Australian/NZ gold assets.
• Northern Star Resources Limited: ASX-listed major Australian gold producer. Comparable as a large-cap acquirer of advanced exploration assets and as a benchmark for what an Australian-listed gold developer looks like at scale.
• Ramelius Resources Limited: ASX-listed mid-tier Australian gold producer. Comparable on development pathway from Australian-listed junior explorer to mid-tier producer, providing a strategic-acquirer benchmark.
• Beacon Minerals Limited: ASX-listed Australian gold miner where Siren's CEO Zane Padman previously served as Geology Manager. Comparable as a small-mid cap Australian gold producer and potential strategic partner profile.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/siren-gold-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Siren Gold