NewPeak Metals Limited Acquires Tansey Gold Project for A$250K Deal, Unlocking District‐Scale Gold Potential and Historic South Burnett Assets
Monday, July 7, 2025
at
8:23 am
NewPeak Metals Limited expands its gold portfolio with the acquisition of the Tansey Gold Project. The deal—valued at A$200,000 in shares plus cash—brings historic mining assets together with promising exploration targets, enhancing the company's domestic and Argentinian gold strategies for potential investor value.
NewPeak Metals Limited has announced its acquisition of Goldstrike Mining Pty Ltd, thereby securing 100% ownership of the Tansey Gold Project. The transaction is set at a consideration of A$200,000 in NewPeak shares plus A$50,000 in cash. The deal is contingent on a planned A$250,000 capital raise, though the company holds the option to waive this condition. The asset, designated as EPM26368, is strategically located roughly 190km northwest of Brisbane and spans around 12km². It is complemented by two additional tenement applications that, together with the historic property, pave the way for a district-scale gold project with potential for Gympie-style mineralisation.
The property is home to a history of gold production, notably at the South Burnett Mine, where historical non-JORC data indicate significant grades from ore mined between the 1930s and 1940s. Historic drilling done in the late 1960s–early 1970s reported notable intersections, including intervals with over 1.38g/t Au and even higher-grade segments over short lengths. The underlying geology features a mix of andesitic lavas, breccias, pyroclastic deposits, and shallow-marine sediments that host epithermal mineralisation. The complex geological setting, influenced by the geology of the Esk Basin and the northern extension of the New England Orogen, is expected to benefit from modern exploration techniques such as induced polarisation surveying and detailed IP surveying.
NewPeak plans to quickly initiate exploration activities around the previously mined areas, focusing on refining drill targets and expanding the known mineralisation. In addition to investing in the Tansey project, the company is also increasing its emphasis on progressing its gold projects in Argentina, buoyed by the prevailing strong gold prices and a more favorable investment environment down under. Furthermore, NewPeak is awaiting assay results from surface sampling on its Treuer Range uranium/vanadium project and continues to evaluate other prospective acquisitions in gold, copper, and other commodities.
Investors may view this move with bullish sentiment due to the low-cost entry into an under-explored, historically productive area near established infrastructure, combined with modern exploration techniques that could unlock hidden value. However, caution is warranted given that much of the historical data has not been verified to JORC standards, and the forward-looking nature of exploration outcomes always carries inherent risks. This development presents both promising potential and the uncertainties typical of early-stage exploration ventures.