Antilles Gold appoints European investor relations specialist

Antilles Gold Ltd (ASX:AAU, OTCQB:ANTMF) has appointed Frankfurt-based DGWA — the German Institute for Asset and Equity Allocation and Valuation — as its investor relations and corporate adviser in Europe after listing on the Frankfurt Stock Exchange.

The DGWA (formally known as Deutsche Gesellschaft für Wertpapieranaylse GbmH) is one of Germany’s leading investment banking boutiques in the mining and resources sector.

As such, DGWA will help Antilles engage with retail, institutional and family offices in the German-speaking DACH region (Germany, Austria and Switzerland, with a population close to 100 million), as well as the rest of Europe and the UK.

DGWA will also support Antilles by increasing awareness of its activities in Cuba, where the company has a joint venture with the government’s mining company, GeoMinera.

Here, Antilles is poised to develop several mid-sized mines to produce gold, silver, copper and zinc concentrates, as well as highly prospective, previously explored concessions totalling more than 50,000 hectares.

Expanding footprint in Europe

Antilles Gold executive chair Brian Johnson said his company was looking forward to working with DGWA to expand its existing shareholder base from the DACH region, where there was an appreciation for Cuba as a mining-friendly jurisdiction with extensive known mineral deposits and excellent foreign investment laws.

Echoing Johnson’s comments, DGWA chief executive Stefan Müller said his team was delighted to introduce Antilles to the European investor market.

“Gold has been seen as a store of wealth for millennia and the gold demand in Germany per capita is one of the highest worldwide,” he explained.

“Paired with the strong demand for copper and zinc to power the e-mobility revolution and energy transition in Europe, Antilles is well placed to expand its footprint on the continent.

“With Antilles’ strong environmental, social and governance commitment, its first-mover advantage in mineral-rich Cuba and near-term production potential, the company is well positioned to attract attention from European investors as well as industry players alike.”

About Antilles

Antilles Gold’s strategy is to develop previously explored gold, silver, copper and zinc deposits in mineral-rich Cuba.

At present, the company’s joint venture vehicle, Minera La Victoria SA, is focused on advancing the La Demajagua gold-silver open pit mine on the Isle of Youth.

A 2022 scoping study reported the asset could produce around 10,000 ounces of gold every year over an eight-year mine life.

Other projects in Antilles’ pipeline include the El Pilar gold-copper oxide deposit and up to four previously producing copper-zinc mines within the 40-kilometre New Horizons mineral belt.

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Antilles will cover any costs tied to initial exploration at these assets before they’re transferred to a joint venture with GeoMinera for additional exploration, studies and development.

The joint venture partners intend to invest part of the expected profits from the La Demajagua mine to fund future mine developments, as well as an extensive exploration program over their major targets.

Importantly, this would minimise further equity contributions from Antilles while establishing a substantial mining group in Cuba.

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