Location: New South Wales; Queensland
Signature Gold are a Sydney-based Australian company that offers the opportunity to invest in a developing portfolio of Intrusion Related Gold System (IRGS) exploration targets near Rockhampton in Queensland.
Radium worked with Signature to rapidly assess borrowing capacity and provided significant funding immediately after financial year end.
While their regular annual audit was still being conducted and the R&D tax refund months away, Signature were able to utilise the advance to get a team into the field and complete a major drilling campaign ahead of the rainy season.
If we had waited for the rebate we would have missed the window and had to cover six to nine months of overheads before we could deploy our field team. Working with Radium enabled us to get to work quickly, saved us significant costs and delivered real value for our shareholders.
Brett Boynton, Managing Director of Tectonic Gold Plc, UK listed holding company of Signature Gold Ltd.