OzAurum Resources

What OzAurum Resources does

OzAurum Resources Limited (ASX: OZM) is a Western Australian gold exploration and development company headquartered in Perth with operational offices in Kalgoorlie. The company is the 100% owner of two long-held gold projects — Mulgabbie North (a JORC 2012 mineral resource estimate of 260,000 oz Au across Measured, Indicated and Inferred categories) and the Patricia Gold Project — both located approximately 130–150 km northeast of Kalgoorlie in the Norseman-Wiluna Greenstone Belt, adjacent to Northern Star's Carosue Dam Mine in a +30Moz gold province. In 2023 the company expanded into Brazil, acquiring niobium/REE projects (Catalao and Salitre) in the Alto Paranaba Magmatic Province and the Linopolis Jaime hard rock lithium project in Minas Gerais.

Core activity centres on reverse circulation (RC), diamond, and aircore drilling to expand the resource base, alongside metallurgical test work that has demonstrated exceptional heap leach amenability — percolation rates averaging ~59,900 L/hr/m² across 34 of 55 tests versus the ~10,000 L/hr/m² industry benchmark, with >60% gold recovery within 7 days and >80% within 21 days. In 2026 the company acquired a Heap Leach Agglomeration Process Plant (designed by Kappes Cassidy & Associates) and engaged Polaris Engineering Services for refurbishment and installation, with dry commissioning targeted within approximately six weeks.

OzAurum is pre-revenue and generates no product sales; the business model is equity-funded exploration (A$1M pre-IPO in 2020, A$12M oversubscribed IPO in February 2021 at 25 cents per share, and a A$4.1M strategic placement to Forrestania Resources in January 2026). Once Stage 1 heap leach operations commence, revenue will be generated through gold sales to refineries and commodity markets at prevailing market prices. The company is also advancing permitting, having received Western Australian environmental approval for Stage 1 open-pit mining and heap leach operations, and holds a granted Mining Lease (M31/487) for Patricia.

Name

OzAurum Resources

Legal name

OzAurum Resources Limited

Website

https://ozaurumresources.com

Company type

Public

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Short description

OzAurum Resources is an ASX-listed (OZM) Western Australian gold explorer advancing the Mulgabbie North and Patricia projects in the Norseman-Wiluna Greenstone Belt toward heap leach production, with a 260,000 oz resource and Brazil-based niobium, REE and lithium assets.

Ownership category

akta.pro rank

Product category

Gold Mining & Exploration

NAICS

Gold Ore and Silver Ore Mining (212220), Other Metal Ore Mining (21229), Metal Ore Mining (2122)

SIC

Gold And Silver Ores (1040), Miscellaneous Metal Ores (1090), Metal Mining (1000)

akta.pro primary industry

Precious Metals Exploration & Project Development (IMAKAEAI)

akta.pro secondary industry

Exploration & Resource Development (Critical Minerals) (IMAKAFAL)

Keywords

• Gold exploration
• Mineral exploration
• Heap leach processing
• Gold mining
• Niobium exploration

Headquarters

HQ city

Perth

HQ country

Australia

HQ region

Oceania

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Infrastructure

Revenue model

1. Gold Sales: OzAurum is a pre-revenue gold exploration company advancing toward production. Once the Mulgabbie North heap leach operation commences, revenue will be generated from the sale of extracted gold to refineries and commodity markets.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

OzAurum Resources is a pre-revenue gold exploration and development company focused on advancing the Mulgabbie North and Patricia gold projects in Western Australia's Norseman-Wiluna Greenstone Belt toward staged heap leach gold production. The company also holds niobium, rare earth element (REE), and lithium exploration projects in Brazil's Alto Paranaíba Magmatic Province. The company is progressing drilling, resource definition, and feasibility studies to deliver near-term gold production via heap leach processing.

Product overview

OzAurum Resources is a gold explorer in Western Australia offering advanced exploration and development of gold projects. The company's core product portfolio consists of three main projects: the Mulgabbie North Gold Project (flagship) with a 260,000 oz JORC mineral resource advancing toward heap leach production, the Patricia Gold Project featuring high-grade gold mineralisation open at depth, and Brazil-based niobium/REE projects (Catalao and Salitre) targeting carbonatite intrusion-related mineralisation in the Alto Paranaba Magmatic Province. The company is progressing a staged heap leach development strategy at Mulgabbie North designed to deliver early gold production.

Differentiator

Problem solved

Functional benefit

Products and services

• Mulgabbie North Gold Project
• Patricia Gold Project
• Brazil Niobium and REE Projects (Catalao and Salitre)

Quantifiable outcome

• >80% gold recovery within 21 days via heap leach
• +2 more outcomes

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Three partnerships are on record, tiered major and supporting.

• Polaris Engineering ServicesmajorImplementation/ SI/ Consulting Partner · 1 February 2026Polaris Engineering Services appointed to refurbish and install the Heap Leach Agglomeration Process Plant acquired in January 2026. Recent project experience includes Lynas Rare Earth Project in Kalgoorlie. Target: dry commissioning within ~6 weeks.
• Burnt ShirtsupportingImplementation/ SI/ Consulting Partner · 1 February 2023Mining and geology consultants appointed to facilitate the Mulgabbie North Scoping Study. Led by Jeremy Peters, a mining engineer and geologist with 30+ years experience including Registered Mine Manager roles.
• Kappes Cassidy and AssociatessupportingTechnology or IntegrationInternationally recognized heap leach specialists who designed the acquired processing plant. The plant has a history supporting successful West Australian gold projects.

Scale indicators8 records

Recent moves9 records

Expansion highlights5 records

Broad incumbents

• Northern Star Resources: Major Australian gold producer whose Carosue Dam, Karari and Whirling Dervish mines sit directly adjacent to OzAurum's Mulgabbie North project along the same Relief Shear. Northern Star is the regional anchor and most plausible acquirer or toll-treatment counterparty for OzAurum.

Direct peers

• Ramelius Resources: ASX-listed mid-tier gold producer with multiple WA gold operations including Mt Magnet, Edna May and the recently acquired Spartan Resources. Directly comparable as a mid-cap WA gold producer/developer pursuing staged production growth in the same Eastern Goldfields region.
• Horizon Minerals: ASX-listed WA gold producer and developer operating in the Kalgoorlie region (including Boorara). Closely comparable asset profile, geography, and mid-cap scale; CEO Pumphrey previously served as General Manager of Horizon's Boorara operation.
• Capricorn Metals: ASX-listed gold producer developing the Karlawinda gold project in the Pilbara and operating Mt Gibson. Similar staged development-from-explorer-to-producer journey with a heap leach/CIL pathway, making it a structural comparable for OzAurum's Mulgabbie North build-out.
• Pantoro Limited: ASX-listed gold producer operating the Norseman gold project in WA's Eastern Goldfields, within the same +30Moz Norseman-Wiluna Greenstone Belt as OzAurum. Comparable scale and regional footprint in a single jurisdiction.
• CZR Resources: ASX-listed gold explorer-developer with WA gold assets including the Croydon and Yarrie projects. Closely comparable stage, scale and geography; CFO Stephen Hewitt-Dutton previously served as CFO of CZR.
• Spartan Resources: ASX-listed WA gold developer advancing the Dalgaranga gold project in the Murchison region. Comparable mid-cap WA gold developer pursuing production restart, with similar staged capex profile to OzAurum's Mulgabbie North heap leach development.
• MacPhersons Resources: ASX-listed WA gold developer focused on the Boorara and Nimbus projects in the Kalgoorlie region. Closely comparable jurisdiction, asset stage and operating model; CEO Pumphrey and CFO Hewitt-Dutton both held prior senior roles at MacPhersons.
• Forrestania Resources: ASX-listed WA gold and lithium explorer holding a 19.9% cornerstone stake in OzAurum. Comparable as a small-cap WA gold/li explorer with shared management and strategic alignment, and a direct capital-markets peer at similar scale.

Emerging players

• Breaker Resources: ASX-listed gold explorer-developer advancing the Lake Roe gold project in WA's Eastern Goldfields. Comparable as a single-jurisdiction WA gold explorer pursuing resource definition toward production, similar stage to OzAurum's pre-production development.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@ozaurumresources
• LinkedInlinkedin.com/company/ozaurum-resources
• Xx.com/ozaurum

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

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 OzAurum Resources