Investments

Asgard is a 100%-owned Australian subsidiary of Ariana Resources, which was established to focus on technology-commodity opportunities.  Projects hosting metals utilised in renewable-energy applications, such as antimony and lithium, are being actively reviewed. Such commodities are potential economic game-changers for a growing global population driven towards green-energy platforms.

Asgard initially held interests in several lithium pegmatite projects in Western Australia and the Northern Territory and vended these in to two separate ASX-listed companies, Dakota Minerals Ltd and Kingston Resources Ltd.  Asgard has since sold its interests in these companies, netting A$3.5 million in the process.  

Following this, Asgard entered in to a Memorandum of Understanding with Metal Tiger plc in 2016 for the review, exploration and development of lithium-tantalum opportunities in the Malay Peninsula although activity on this project was placed in to stasis pending licence applications.

Ariana Resources was a strategic investor into Royal Road Minerals, previously Tigris Resources, in 2010. Royal Road is a TSX-V gold and copper exploration and development company that had originally focused on a significantly under-explored part of the Tethyan Metallogenic Belt in southeast Turkey.  At this time, the focus area of the Royal Road had been the Bitlis Suture Zone and flanking structures, which are highly prospective for a range of mineral deposit styles including porphyry Cu-Au systems, epithermal to Carlin-style deposits, skarns and volcanogenic massive sulphides.