Octagonal Resources was incorporated in September 2010 to acquire the Victorian gold projects of Alliance Resources Ltd, Matrix Gold Ltd and Highlake Resources Pty Ltd and an emerging Western Australian gold project generated by Newmont Asia Pacific to form a new company that has the drive and energy to successfully develop these assets.
In June 2015, Octagonal sold its Victorian Gold Operations (including the Union Hill Underground Mine and the Maldon gold processing facility) to A1 Consolidated Gold Limited (ASX: AYC) for 169,672,726 AYC shares and 56,557,576 AYCO options. This transaction provided access to substantial resources at the A1 Gold Mine for processing at the Maldon gold processing facility and made Octagonal A1 Gold’s largest shareholder.
The Company is currently focussed on exploration within the Eastern Goldfields Province of the Yilgarn Craton in Western Australia, which is one of the largest gold and nickel producing regions in Australia.
