🆕 IPO Listing: Green & Gold Minerals (ASX: GG1) – Advancing Mt Wandoo Gold and Critical Minerals in Queensland - Gold, REE and Fluorite.
- Noel Ong
- Sep 3
- 5 min read
From the Green & Gold Minerals Limited Prospectus (8 July 2025) and the July 2025 Equity Raising Presentation, we gain a detailed picture of a Queensland-focused gold explorer positioning itself for near-term development. The Company’s flagship Mt Wandoo project, located within the Chillagoe Gold Project in northern Queensland, anchors its gold strategy (Figure 1), while a growing rare earth element (REE) portfolio broadens its critical minerals exposure. With this dual focus, Green & Gold Minerals is targeting a strong entry to the ASX under the proposed code GG1.
Figure 1: The Chillagoe Gold Project is located in northern QLD (source: GG1)
The offer seeks to raise between $5 million and $7 million at $0.20 per share, funding development studies at Mt Wandoo and accelerating exploration across gold, fluorite, and REE prospects (Figure 2).
Figure 2: Chillagoe Gold – Near-Term Development with Multi-Million Ounce Potential
(source: GG1)
ASX Listing Details
Company: Green & Gold Minerals Limited
ASX Code: GG1
Issue Price: AUD $0.20 per share
Capital Raised: $5m (min) – $7m (max)
Shares on Issue at Listing: 57.7m – 67.7m
Market Capitalisation: $12m – $14m (at offer price)
Offer Close Date: 18 August 2025
Expected Listing: 28 August 2025
Lead Manager: Harbury Advisors Pty Ltd
Project Portfolio - Gold, REE and Fluorite.
🔹 Chillagoe Gold Project (North Queensland)
(Figure 3)
Flagship Asset – Mt Wandoo
Inferred Resource: 905kt @ 1.1 g/t Au and 13 g/t Ag, for 32 koz Au and 387 koz Ag.
Hosted on granted mining leases, shallow and expandable.
Recent intercepts include 70.5m @ 1.7 g/t Au and high-grade shoots (e.g., 6m @ 22.5 g/t Au, 43 g/t Ag).
Ore sorting test work achieved up to 8x grade uplift with 91% recovery.
Figure 3: Wandoo Mining Leases – Shallow Resource Growth and Fast-Track Development (source: GG1)
Exploration Upside
(Figure 4)
Little Wandoo – historic mines with grades up to 2,700 g/t Au, no current resource.
North Wandoo – intercepts include 30m @ 1.4 g/t Au, 13 g/t Ag.
Satellite Prospects: Sentinel, Dingo, Yum Yum – early-stage targets with large intrusive-related gold system potential.
Figure 4: Mt Wandoo – Shallow, Expandable and Development-Ready (source: GG1)
Infrastructure Advantage
Located only 12km from Mungana mill (currently idle).
70ML onsite water dam and established road access.
Critical Minerals – REE & Fluorite
🔹 Nutgrove Rare Earth Prospect (Cosgrove Project, QLD)
(Figure 5)
Rock chips up to 1.4% TREO (75% heavy REE, dominated by yttrium).
Early-stage, interpreted as a large alkaline intrusive diatreme system.
No drilling to date – mapping and sampling ongoing.
Figure 5: Nutgrove Prospect – Potential Large Breccia-Hosted Heavy REE Deposit (source: GG1)
🔹 Fluorite Potential (Chillagoe Tenements)
(Figure 6)
Historic mines with a 2.6 km vein system.
Fluorite demand linked to LiPF₆ electrolytes for lithium-ion batteries.
Figure 6: Fluorite Revival – Historic Veins Positioned for Modern Lithium Battery Demand (source: GG1)
Board & Management
Anthony Bellas – Chair
40+ years in corporate and government, former CEO of CS Energy and Ergon Energy, Deputy Chairman at Novonix (ASX: NVX).
Quentin Hill – Managing Director
Geologist with 25+ years’ experience, including key role in Hawsons Iron discovery. Former MD of Carpentaria Resources.
Edward (Ted) Boulton – Non-Executive Director
Mining engineer, founding partner of MEC Mining, with deep expertise in resource economics and mine planning.
With 90+ years of combined experience, the Green & Gold Minerals board blends technical and financial expertise with a proven record of responsibly managing shareholder funds, positioning the Company to advance Mt Wandoo and its wider portfolio.
Use of IPO Funds
Funds from the raise will be directed towards:
Mt Wandoo drilling – resource expansion and confidence upgrade.
Development studies – mining, processing, and environmental approvals.
Little Wandoo & North Wandoo drilling – targeting new resource delineation.
Exploration – gold (Sentinel, Dingo, Yum Yum), fluorite, and Nutgrove REE.
Working capital & IPO costs.
Key Highlights
Shallow gold resource with near-term development potential.
Multi-million-ounce exploration upside across the Chillagoe cluster.
Ore sorting breakthrough delivering significant grade uplift.
Strategic critical minerals exposure (REE + fluorite).
Strong board and management with proven ASX, technical, and corporate track records.
Samso Concluding Comments
Green & Gold Minerals Limited (ASX: GG1) is stepping onto the ASX with a story that blends near-term gold development with long-term discovery potential. The Mt Wandoo project offers a shallow, expandable resource backed by ore-sorting technology, while Little Wandoo and North Wandoo provide the promise of high-grade extensions. Layered on top is the Company’s foothold in REE and fluorite—commodities linked to the clean energy future.
For investors, this is a classic early-stage proposition: speculative by nature but carrying leverage to both gold market sentiment and critical mineral demand. The additional exposure to REE and fluorite adds a strategic angle, particularly with fluorite’s role in lithium battery supply chains. As always, the real value lies in what the drill bit can prove.
#SamsoNews is where investors can look for valuable information—so seek the research, understand the risk, and watch how this Queensland explorer executes on its plans.
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