Corporate Strategy
Epsilon presents an opportunity to invest in a committed and well-resourced business whose mission is to create a leading Australian uranium exploration and development company.
Epsilon has secured an agreement to acquire 100% of the rights to uranium mineralisation covering 8,851km² of prospective tenements in four Australian States. This extensive portfolio, compiled over the past two years, reflects our development pipeline from early stage exploration to more advanced targets, with careful consideration given to geopolitical certainty and geological suitability for large tonnage-low cost uranium systems. The Directors believe these principles will be the key drivers to meeting the Company's objective of creating growth and delivering returns for shareholders.
The primary targets are sandstone-hosted and calcrete-hosted uranium deposits. Both types of deposits are associated with low cost extraction methods and are present as world-class deposits such as Beverley in South Australia and Mulga Rock and Yeelirrie in Western Australia.
The Balladonia Uranium Project, a key asset in the Epsilon portfolio, is located in the Eucla Basin, Western Australia, and represents a large scale exploration concept seeking sandstone-hosted uranium deposits. The project comprises 40 exploration tenements, with 10 granted, covering 6,563km², and has a favourable geological setting for sandstone-hosted uranium deposits as well as an encouraging suite of previous uranium exploration results.
We are pleased to have assembled a strong and experienced team to drive Epsilon's success and to achieve its objectives.
Matthew Gauci is Managing Director of Epsilon. Matthew has over 12 years experience in the minerals industry, including senior roles within the uranium industry, holding positions as Company Director, Management Consultant and in operational management. Matthew has assembled a team of individuals who have extensive and relevant experience to achieve Epsilon's mission and objectives.
Epsilon, through its IPO, has raised $4,000,000 by the issue of up to 20,000,000 Shares at $0.20 per Share. These funds are being used to explore the Company's tenements and ultimately pursue Epsilon's mission to systematically build a leading uranium exploration and development company with assets in Australia.
The Company is well structured and resourced to pursue its mission and achieve its objectives. The Non-Executive Directors bring significant experience in a technical and financial capacity providing an appropriate balance to the Board of Epsilon.