August Newsletter

Written By Hunter Wardman

Welcome to the first edition of the Engage Strategic newsletter.

Founded by former ASX executives, directors and brokers, Engage was created to meet a clear gap in the market - helping small-cap companies articulate their business models, refine their equity story, and engage the market with credibility and impact.

This is our first newsletter where we:

  • Introduce our team and capabilities

  • Analyse latest ASX Junior performance

  • Highlight several client companies

  • Share key market facts about gold

Who are we?

We are experienced ASX market professionals (former Executives, Directors and Brokers).

Engage Strategic is our core service - we work with executives and boards to develop ASX company business models, define key milestones, craft equity stories, and generate ASX/media content. Traditional IR services merely “polish” and distribute.

ASX junior trends

Engage is building a next-generation AI-powered platform to analyse ASX company announcements, delivering actionable industry and peer insights. Our clients and broker network will receive regular intelligence updates, helping them stay ahead of emerging trends.

In the June quarter (JQ FY24), Engage Strategic reviewed ASX-listed gold explorers and developers and identified key market shifts:

  • 318 gold companies reported (including polymetallic projects)

  • 183 gold companies raised capital — up from 106 last quarter — with total funds raised reaching A$535 million, more than double the quarterly average over the past year.

Selected client company backgrounds

Indiana Resources (ASX:IDA) is a well-funded South Australian explorer focused on gold and other metals.

 Indiana Resources Ltd is an Australian exploration company focused on advancing a portfolio of tenements in the highly prospective Central Gawler Craton Province in South Australia, strategically located between the historic gold mining centres of Tunkillia and Tarcoola.

Equity Story:

  • Cashed up

  • Gold, Rare Earths and Titanium

  • A transformational year for its gold project

  • (South) Australia

  • Engaged disciplined management

Dome Gold Mines (ASX:DME) is an emerging iron sand, copper and gold exploration and development company focused on locating and developing significant mineral discoveries in Fiji.

Equity Story:

  • A potential sleeping giant 

  • Near-term cash flow with plans to pursue large-scale discoveries (“elephants”)

  • Nadaru Project- Adjacent to World Class Namosi Project (Newmont) – A Tier1 copper/gold project with around 55M ounces of gold equivalent 

Theta Gold Mines Limited (ASX:TGM) is a gold developer transitioning to producer by early CY27.

Equity Story:

  • Currently completing site clearance and preparation works enabling construction of new gold plant

  • Secured credit approval for US$30m project financing. Approved decision to mine the TGME Gold Mine Project, the company has commenced bulk earthworks and initial civil engineering activities at site

  • First operating cashflow early 2027. Targeting 160-200koz by 2030

Market facts - Gold

In 2024, worldwide gold mine production was an estimated 3,300 tons compared with 3,250 tons in 2023. China, Russia, Australia, Canada, and the United States were the leading gold producers, in descending order of production, and together accounted for 41% of estimated global production in 2024.  (Source USGS)

Estimated global gold consumption, excluding exchange-traded funds and other similar investments, was in  

  • Jewellery, 45%;  

  • Central banks and other institutions, 21%;  

  • Physical bars, 19%;  

  • Official coins and medals and imitation coins, 7%;  

  • Electrical and electronics, 6%;  

Gold reserves by Country – Source Global Gold Reserves

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Hunter Wardman
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September Newsletter