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  • Veronica Lind

Taiton Resources kicks off 2024 with major molybdenum announcement

Taiton Resources Ltd (ASX:T88) managing director Noel Ong speaks to Thomas Warner from Proactive after the company announced it has submitted Exploration Licence Applications for two areas at the Kingsgate Project in New South Wales.

Ong explains that the Kingsgate mining district is known for its historical high-grade molybdenum production. He highlighted molybdenum's critical role in steel and stainless steel production and its increasing market value, underscoring the opportunity it presents for Taiton Resources.

With historical data and previous studies from Auzex Resources Limited, Taiton plans to advance the Kingsgate project, which is more developed than the company's Highway Project in South Australia.

Ong expresses optimism about the company's direction in 2024, noting the Kingsgate acquisition as a major step forward and a promising start to the year.


About Taiton Resources Limited

Taiton Resources Limited (ASX: T88) is an early-stage mineral exploration and development company with a portfolio of projects across South Australia and Western Australia. The Company's portfolio includes the latest Kingsgate Project located within the New England Batholith, Highway Project, which spans a land area of 2,980 sq km and is situated in South Australia, as well as the Lake Barlee Project, which covers a land area of 668.7 sq km in Western Australia. Additionally, the Challenger West Project is located in South Australia and has a land area of 997 sq km. Taiton Resources Limited was listed on the ASX on 19 December 2022.

ABN 41 062 284 084 ACN 062 284 084


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REGISTERED OFFICE: Level 13, 200 Queen St, Melbourne, VIC 3000


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