Mirae Asset TIGER 200 Industrial ETF (227550)

Overview

Hammer Metals Limited is a company dedicated to the exploration and extraction of mineral resources within Australia. Initially founded as Midas Resources Limited, it underwent a name change to Hammer Metals Limited in April 2014, marking a new chapter in its operations. The company has carved out a niche in the mining sector by targeting a diverse range of mineral deposits, including iron oxide, copper, cobalt, gold, molybdenum, and rhenium. Its operational footprint spans across significant mining districts in Australia, with a noteworthy presence in the Mount Isa mining district and the Yandal Belt of Western Australia. Established in the year 2000 and headquartered in West Perth, Australia, Hammer Metals Limited has grown into a pivotal player in the country's mining industry, holding substantial interests in major projects.

Products and Services

• Iron Oxide Exploration

  Engagement in the exploration for iron oxide stands as a core activity for Hammer Metals Limited. This involves detailed geological surveys and drilling programs aimed at identifying viable deposits of iron oxide within its holdings.

• Copper and Cobalt Exploration

  The company is actively involved in exploring for copper and cobalt, two highly sought-after metals due to their extensive usage in electrical wiring, batteries, and various alloys. Hammer Metals conducts comprehensive exploration activities to pinpoint significant deposits.

• Gold Exploration

  Hammer Metals Limited pursues gold exploration across its tenures, particularly focusing on the historically gold-rich regions of Australia. Its efforts include geological mapping, sampling, and drilling to discover and evaluate potential gold deposits.

• Molybdenum and Rhenium Exploration

  The exploration for molybdenum and rhenium ores is a specialized segment of the company’s portfolio, underscoring its commitment to diversifying its mineral exploration endeavors. These metals are critical for their high melting points and strengths, finding applications in steel alloys and aerospace components.

• Mount Isa Project

  Hammer Metals Limited holds a 100% interest in the Mount Isa project, an expansive area covering approximately 2,200 square kilometers. This project encompasses several deposits, including Kalman, Overlander North and South, and Elaine, which are known for their varied mineral compositions.

• Jubilee Deposit

  The company also has a 51% interest in the Jubilee deposit, which further underscores its active presence in the mineral exploration sector. This project adds to the company’s substantial portfolio of mineral resources.

• Bronzewing South Gold Project

  Holding a 100% interest in the Bronzewing South gold project in the Yandal Belt of Western Australia asserts Hammer Metals Limited’s strong position in gold exploration. This project, covering approximately 290 square kilometers of tenements, signifies the company’s strategic exploration activities in gold-rich regions.