Scotgold was founded as an Australian company in 2007 and the Company’s shares were admitted to trading on the AIM market in 2010.

The Company is primarily focused on the development of its high grade Cononish Gold and Silver Project in the Scottish highlands, together with the exploration of highly prospective tenements in the Grampian region of Scotland (the Grampian Gold Project). These assets are held through Scotgold’s 100% owned UK subsidiaries, operated through the company’s UK based management team and overseen by it’s predominantly UK based Board of Directors

Cononish has a resource (estimate in accordance with the JORC Code 2012) in the Measured, Indicated and Inferred categories of 541,000 tonnes at 14.3 g/t Au and 59.7 g/t Ag and Proven and Probable Reserves (JORC 2012) (included in the Resource figure quoted) of 555,000 t at 11.1g/t Au and 47.7g/t Ag for 198,000 ozs of gold and 851,000 ozs of silver.

Cononish went into initial production in May 2016 with the commissioning of the Bulk Processing Trial (“BPT”) plant using ore from its stock pile, pending financing of the full project. The BPT, a pilot scale processing trial that aimed to demonstrate the marketability and profitability of Scottish gold production from Cononish, successfully produced the first commercially produced gold in Scotland.  A proportion of the gold produced as “dore” on site via gravity methods was either minted as commemorative rounds or sold to the jewelry industry, and with its provenance certified by the Edinburgh Assay Office, commanded a significant premium to the then spot price.

The experience gained during the BPT also led to a review and ultimately redesign of the Cononish tailing storage facility. A “dry stack” system was adopted that reduced the capital requirement and as a consequence, facilitated the adoption of a “phased” approach to the development of the project. Following an update to the 2015 Bankable Feasibility Study (BFS) a new planning application was submitted and in October 2018 the Company received the decision notice enabling it to proceed, subject to conditions. The company is now undertaking the development of the project.

The Grampian Gold Project comprises thirteen Crown Option agreements totaling some 2,900 km2 across Scotland and covers some of the most prospective areas of the Dalradian geological sequence in the UK. This sequence extends westward from the UK to the eastern seaboard of Canada and the Appalachian belt in the US, and eastward into Sweden and Norway, has been identified by the British Geological Survey as being highly prospective for both significant gold and base metal deposits. On a more local scale, the Dalradian sequence extends to the south west from Scotland into Northern Ireland where it hosts other gold resources at Cavancaw (c. 0.5M oz of gold) and Curraghinalt (c. 3.5M oz of gold).

The Company has recently conducted several “orientation” surveys to assess the efficacy of various exploration techniques when trialed over the known Cononish orebody.  As a result programs consisting of the Ionic Leach of soil and stream sediment samples, followed by ground geophysics, are now being conducted over previously identified prospective areas to provide improved definition before initiating drilling.