(ASX: DRK, "Drake") is a base metals and gold/silver explorer with projects in Scandinavia, West Africa and
In the six years since listing on the ASX, Drake has established a robust portfolio of projects. Drake's competitive advantages include a premier position in the world-class Falun copper-zinc belt in
Drake's objective is to become a successful and profitable exploration and mining company. The Company aims to achieve this goal by pursuing exploration and mining opportunities and exploring high quality projects in a technical, cost-effective manner.
Currently, Drake is focused on advancing its West African gold projects. Drake recently raised $7m to be used predominantly to progress drilling and assessment of African assets. This includes an immediate focus on Tasiast South and Conchita (where the recent drilling program gained high-grade hits). It also has an extensive portfolio in
Drake is in joint venture with Royal Falcon Mining LLC at its Falun and Bersbo Projects, Royal Falcon Mining is a jointly owned company between Golden Rim Resources Ltd and the PAL Group, a subsidiary of Royal Group, based in the
Drake and Panoramic Resources Ltd have entered into Joint Venture Agreements to explore and develop base and precious metals projects, primarily in