Objective
Victory West Moly Limited has been established to explore the Malala Molybdenum deposit in Indonesia. The company has already established a number of commercially exploitable production assets. Victory West Moly Limited intends to deliver sustainable production and appropriate financial returns for its shareholders.
Right Stock |
Publicly traded pure Molybdenum |
Right Time |
Strong market supply and demand |
Right Assets |
World class molybdenum deposit in logistically favourable setting |
Right Team |
An experienced management team and building a solid technical team. Strong board. Long term shareholders focused on value creation |
Key Milestones
Date |
Activity |
November 2007 |
Victory West Pty Ltd secures rights to Molybdenum project. |
December 2007 |
Richfield Group Limited announces it has entered into Heads of Agreement with Victory West Pty Ltd on the Malala Molybdenum project. |
January 2008 |
Richfield Group Limited announces completion of due diligence and appoints Laurie Whitehouse as consultant. |
March 2008 |
Incorporating historical data collated by Rio Tinto and Santos, Geological Expert's Report completed. |
March 2008 |
Pre and Post Listing Capital Structure Report lodged with ASX. |
March 2008 |
Indonesian Management company established PT Sulawesi Molybdenum Management. |
April 2008 |
Official Indonesian delegation from the Province of Toli Toli visited Perth, Western Australia and met with Victory West Moly directors and key stakeholders. |
May 2008 |
Administration office established in Indonesia. Chief Geologist and team based in Indonesian office. |
May 2008 |
Chief Geologist conducts logistic trip and preparation for drilling program. |
June 2008 |
Licence documentation, including exploration and government validated by Indonesian authorities. |
July 2008 |
Established field office and camp. |
July 2008 |
Commenced mapping, geochemical, rock chipping sampling. |
August 2008 |
Commenced drilling. |
| October 2008 | Commencement of scoping study and pre-feasibility study . |
October 2008 |
Gridding and trenching. |
| November 2008 | Annual General Shareholders Meeting to approve transactions and other resolutions. |
November 2008 |
Completion of entitlements done to raise $2,000,000. |