Diversified explorer Astro Resources has changed its name to Astute Metals and, from today, is trading under the ticker code ASE.
The $17.19 million market capitalisation company reports the name change was registered with the Australian Securities and Investments Commission (ASIC) after shareholder approval was received on 17 July 2023.
Astute says the decision to change its name was made following several ‘important’ corporate and strategic developments, including the expansion of its portfolio of ‘highly prospective’ claystone-hosted lithium exploration licences in Nevada, US, the ‘substantial’ progress being made at the Governor Broome Mineral Sands Project in Western Australia, and a focus on exploring and developing critical minerals.
The company reports the new name reflects its core focus on business development and growth activity and incorporates the use of ‘metals’, considering the ‘critical’ nature of the minerals for which it is searching, including lithium and copper.
Astute Metals is an Australian diversified explorer with a portfolio of assets across Australia and Nevada. These assets include the Needles Gold Project in Nevada, the Governor Broome Mineral Sands Project and Lower Smoke Creek Diamond Project in Western Australia, and the Georgina Basin Iron Oxide Copper-Gold (IOCG) Project in the Northern Territory.
On 5 June 2023, Astute received a $261,106 grant through the Northern Territory Geological Survey (NTGS) Geophysics and Drilling Collaborations program to complete geophysics and deep drilling at Georgina.
Write to Harry Mulholland at Mining.com.au
Images: Astute Metals
