Dampier Gold

What Dampier Gold does

Zuleika Gold Ltd (ASX: ZAG, formerly Dampier Gold Ltd) is an Australian gold exploration and mining company headquartered in West Perth, Western Australia. The company focuses on exploration discovery and acquisition of gold projects with the potential for rapid development in the Kalgoorlie goldfield. Its flagship Zuleika Gold Project comprises 245 sq km of tenements on the prolific Zuleika Shear, which has historically produced more than 20 million ounces of gold and is considered one of Australia's most sought-after gold regions. The Kalgoorlie portfolio comprises one mine development project (Credo Well, located 35km northwest of Kalgoorlie adjacent to the Paddington Gold Mine) and four gold exploration projects. The company has completed over 30,000m of drilling in the past two years, established a Maiden Mineral Resource at the Paradigm East Deposit, and recorded a significant mineral resource upgrade at Credo Well with mining studies now commenced.

The company's underlying technology is conventional resource exploration: drilling, soil geochemical sampling, and geological interpretation to generate and test drill targets. Zuleika Gold is pre-revenue, with no current operating revenue; future revenue is expected from gold mining and production once projects advance to development. Its business model is investor-facing rather than customer-facing: the company raises capital through ASX-listed equity, private placements (including a AUD 3M placement from mining investor Mark Creasy in January 2022 and a AUD 3M cornerstone placement in October 2023), and a most-recent AUD 5M funding in October 2025. The go-to-market is sales-led, reaching institutional and retail investors via ASX announcements, annual and quarterly reports, and investor video presentations.

The company is led by Executive Chair Annie Guo (ex-PwC Transaction Services, with $500M+ of private equity deployed into mining) and Managing Director Jonathan Lea, supported by a technically credentialed board including Alan Willis (former Rio Tinto and Western Mining Corporation engineer) and Grant McEwen (geologist with Newmont, Newcrest, and Resolute background). Operations are concentrated in a single geography (Western Australia), and the company has recently resolved legacy litigation, including a successful judgement against Vango Mining and settlement of the Plutonic Gold Mine dispute in November 2025.

Name

Dampier Gold

Legal name

Zuleika Gold Ltd

Website

https://zuleikagold.com.au

Company type

Public

Founded year

2017

Operating status

Operating

Headcount range

1–10 employees

Short description

Zuleika Gold Ltd (ASX: ZAG), formerly Dampier Gold, is a pre-revenue Australian gold exploration company operating the 245 sq km Zuleika Gold Project and Credo Gold Project in the Kalgoorlie goldfield of Western Australia, serving shareholders and investors via ASX-listed equity raises.

Ownership category

akta.pro rank

Product category

Gold Exploration and Mining

NAICS

Gold Ore and Silver Ore Mining (21222), Metal Ore Mining (2122)

SIC

Gold And Silver Ores (1040), Metal Mining (1000)

akta.pro primary industry

Gold Mining (IMAKAEAA)

akta.pro secondary industries

Mineral Exploration & Geoscience Services (Geology, Geophysics, Geochemistry, Resource Modeling) (IMAKAKAA), Exploration & Production Drilling Services (RC, Core, Directional, Sonic, Auger) (IMAKAKAB)

Keywords

• Gold exploration
• Mineral resource development
• Gold mining projects
• Exploration drilling
• Kalgoorlie goldfield

Headquarters

HQ city

Brisbane

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Technology or R&D, Personnel, Marketing or Sales, Supply Chain

Revenue model

1. Gold exploration and development: Pre-revenue exploration stage company. Revenue expected from gold mining and production once projects are developed. The company has identified high-grade gold resources at the Credo Project and is conducting mining studies.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Zuleika Gold Ltd is a publicly listed gold exploration and mining company that operates two main projects in the Kalgoorlie goldfield of Western Australia: the flagship Zuleika Gold Project (245 sq km of tenements on the Zuleika Shear) and the Credo Gold Project (35 km northwest of Kalgoorlie). The company conducts exploration drilling, soil geochemical sampling, and geological interpretation aimed at discovering, expanding, and developing gold resources that can be monetised for the benefit of shareholders.

Product overview

Zuleika Gold Ltd (ASX: ZAG) is a gold exploration and mining company focused on its portfolio of gold projects in the Kalgoorlie goldfield, Western Australia. The company operates its flagship Zuleika Gold Project (245sqkm of tenements on the Zuleika Shear) and the Credo Gold Project, together forming its 'Kalgoorlie portfolio'. This is a resource exploration company, not a technology product company, and it does not offer software products, APIs, or technology services.

Differentiator

Problem solved

Functional benefit

Products and services

• Zuleika Gold Project A flagship gold exploration project covering 245 sq km of tenements on the prolific Zuleika Shear, one of Australia's most sought-after gold regions with over 20 million ounces of historical production. Located 25km west-northwest of Kalgoorlie and extending 45km to the northwest from the Kundana/EKJV mines, the project is part of Zuleika Gold's 'Kalgoorlie portfolio' and is the subject of ongoing drilling and target-generation programs.
• Credo Gold Project A gold mine development project located 35 km northwest of Kalgoorlie, immediately east of the Paddington Gold Mine. The project hosts a defined high-grade gold resource (Maiden Mineral Resource established) and is advancing through mining studies as the development-stage asset in Zuleika Gold's Kalgoorlie portfolio.

Quantifiable outcome

• Maiden Mineral Resource established at Paradigm East Deposit
• +1 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered minor and core.

• ASR (Acquisition/Sale of JV Interest)minorStrategic or Co-development Partner · 18 March 2024Acquisition of joint venture interest (ASR ZAG) and subsequent sale of minority joint venture interest in Zuleika Gold Project.
• Zuleika Farm-in Joint VenturecoreStrategic or Co-development Partner · 22 April 2020Farm-in joint venture for the Zuleika Gold Project located on the Zuleika Shear, one of Australia's most prolific gold regions with 20+ million ounces of historical production.
• Credo Well Farm-in Joint VenturecoreStrategic or Co-development Partner · 7 January 2020Farm-in joint venture arrangement for the Credo Well Gold Project. The Credo Project is located 35km northwest of Kalgoorlie immediately to the east of the Paddington Gold Mine. A maiden mineral resource has been identified at the Credo Project.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Westgold Resources: ASX-listed mid-tier gold producer with multiple operating mines in the Murchison and Bryah regions of WA. Comparable in operating geography and represents a plausible acquirer for advanced Kalgoorlie-region juniors.
• Capricorn Metals: ASX-listed gold producer/developer with the Karlawinda gold mine in Western Australia. Comparable as a mid-tier gold developer that progressed from explorer to producer — a relevant trajectory benchmark for Zuleika.
• Vault Minerals: ASX-listed gold producer formed via the merger of Red 5 and Silver Lake, with operating mines in WA. Relevant peer as a consolidating mid-tier acquirer in the WA gold sector and as a comparable producer-stage company.
• Ramelius Resources: Mid-tier ASX-listed gold producer with multiple operating mines in Western Australia including the Mt Magnet and Edna May operations. Comparable as a Kalgoorlie-adjacent gold operator that could be a strategic acquirer of juniors like Zuleika.

Direct peers

• Bardoc Gold: ASX-listed gold explorer/developer with assets in the Kalgoorlie goldfield, including the Bardoc and Aphrodite projects. Similar exploration-to-development profile in the same region.
• Kalgoorlie Gold Mining (formerly NTM Gold): ASX-listed gold explorer with projects in the Kalgoorlie region including the wider Jundee and Kalgoorlie goldfield areas. Closely comparable in geographic focus and development stage to Zuleika.
• Saturn Metals: ASX-listed junior gold explorer focused on the Apollo Hill project in the Kalgoorlie region. Comparable single-asset, single-jurisdiction junior explorer profile with similar resource development stage.
• Carawine Resources: ASX-listed junior explorer with gold and base metals projects in Western Australia. Comparable as a small-cap, multi-project junior with similar funding profile.
• Horizon Minerals: ASX-listed junior gold explorer with projects concentrated in the Kalgoorlie region of Western Australia. Directly comparable to Zuleika in scale, single-commodity focus, and Kalgoorlie-centric portfolio.

Regional players

• Ardea Resources: ASX-listed junior with a major focus on critical minerals (nickel-cobalt) plus gold assets in WA, including tenements in the Kalgoorlie region. Comparable as a small-cap WA-listed explorer pursuing resource development, though with a different primary commodity focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/ZuleikaGold_ZAG
• LinkedInlinkedin.com/company/zuleika-gold-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds3 records

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 Dampier Gold