Segue Resources Company Overview
Gold and lithium are two commodities many explorers are itching to find as the prices for both continue to climb.
While most companies would be looking to concentrate on one or the other, Segue Resources (ASX: SEG), has staked a claim for both, with a nickel play on the side ready to expand if and when nickel prices begin to rise.
In both projects SEG is looking to deliver decent assay results and quickly finish its exploration in the hope of seeing an upswing in it current $6 million market cap.
With early stage drilling completed and encouraging results at its Plumridge Gold project as well as a 3000 – 4000m reverse circulation drill programme to begin in 4Q 2016, its gold play is certainly helping things along.
Not to rest on its current gold laurels, SEG recently secured a major new gold exploration project and applied for two exploration licences at the Barlee Project covering 300km2 of highly prospective greenstone belts.
SEG has also managed to acquire alluring lithium tenements in WA. The acquisition gives it three exploration licenses in the Gascoyne region of WA over a 220km2 exploration area that is set to get the lithium ball rolling for SEG.
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The final piece of the puzzle is SEG’s nickel play, of which 51% has been farmed out to Caeneus Minerals (ASX:CAD). SEG keeps a solid commercial piece of its Pardoo nickel play, without having to manage exploration and development, saving time and money.
SEG has developed a strong market strategy, based around two rising commodities to leverage itself for an energy-optimised future, whilst remaining rooted in a golden safe haven.