Welcome
Goldsearch Limited is an Australian public company listed on the Australian Stock Exchange Limited (ASX Code GSE).
Goldsearch is a mineral exploration company focussed on the identification, discovery and development of mineral assets for the benefit of shareholders and local communities. The ultimate aim of Goldsearch’s investment in exploration is to develop a profitable mining operation. Goldsearch is always focussed on operating according to best practices in respect to environmental and community responsibilities.
Goldsearch is currently undertaking exploration for high-grade gold, base metals and uranium deposits in eastern Australia and for nickel in central Australia through joint venture at its Musgrave Project. Goldsearch-managed projects are currently focussing on under-explored portions of well endowed mineral belts in Victoria and Sweden.
Over recent years Goldsearch has been building a significant portfolio of equity investments. These investments have been accumulated either through the sale or joint venture of exploration properties in return for shares or share options or alternatively through outright purchase of shares or share options. The strong performance of this portfolio provides an ongoing source of funding for continued exploration efforts.
Major Developments
As at 11 November 2009
East Musgrave Joint Venture
- Independence Group has commenced electro magnetic geophysical surveys.
Mary Kathleen Joint Venture
- China Yunnan Copper Australia has commenced a drilling program at the Elaine Dorothy uranium target and Mount Dorothy copper prospects.
Sweden - Bergslagen Joint Venture
- Ground IP geophysics at Jugansbo to commence in early November.
Investments
- Independence Group (IGO) announced an impressive 2009 Resource/Reserve statement extending the life at their Long Victor nickel mine to 2014.
- China Yunnan Copper (CYU) successfully completes a fully underwritten rights offer to raise $4.6m.
- Morning Star Gold (MCO). Development mining at the Maxwell’s reef is progressing well. Strategies are being put in place to improve selective mining and potential dilution issues. The first mined ore is being bought to the surface and stockpiled.
- Queensland Mining Corporation (QMN). Recent strong share price performance is possibly due to the nearby drilling success of Cudeco (CDU).



