Elk Range Mining LimitedE
Elk Range Mining Limited listed on the ASX (ticker ELK) on 10 Aug 2026 following a fully subscribed A$10 million IPO at $0.20/share. The company's district-scale Idaho Gold Project sits in the Orogrande Shear Zone and includes the Friday Gold Mine -- a permitted, previously-producing underground gold mine (operational until roughly five years before listing, with the prior owner reported to have invested over US$40 million developing mine infrastructure) -- plus the Orogrande Processing Facility, and the Buffalo Gulch and Deadwood gold deposits. One historical drill hole beneath the Friday Gold Mine intersected more than 5 g/t gold over 110 metres, with grade still climbing when drilling stopped. A maiden ~6,000m drilling program at Friday was targeted to begin within weeks of listing (Q3 2026). No current JORC/NI 43-101 resource estimate exists -- the asset's value rests on its existing permitted infrastructure and historical drill/production data pending re-drilling.
Notable vs. Peers
- Financials score of 9.2/10 is stronger than the peer average of 5.3/10.
Lifecycle Milestones
Not yet determined: tailings facility.
Jurisdiction (40%)9/10
Idaho: Fraser PPI 2025 is 77.16 of 100 (rank 27 of 68), which maps to 9 on this site's scale. Idaho, USA -- top-tier, low-political-risk US mining jurisdiction, consistent with this schema's existing convention for Idaho-based miners (LEGY and BIG both score 9).
Infrastructure (40%)9.3/10
A confirmed mill, confirmed road access, and confirmed grid power at Idaho Gold Project (Friday Gold Mine / Orogrande Processing Facility), Idaho County, Idaho, USA; tailings facility not yet researched, counted at a neutral 5/10 until established.
Nearby producing mine (20%)Not yet researched
No project coordinates on file yet, so distance to a producing mine can't be measured.
Acquisition Susceptibility
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score: Not scored
No pending acquisition or merger disclosed (checked)
Not scored: having no deal in flight isn't held against a company.
Weight 26.25% - Producer's strategic stakeSub-score: Not scored
No producer holds a disclosed stake on file (holder register researched) See holders
Not scored: most juniors that do get bought had no prior toehold, so a missing stake says little either way.
Weight 25% - Distance to a producing mineSub-score: Not yet researched
Distance not yet researched: no project coordinates on file
Distance can't be measured without coordinates, so excluded rather than counted as far.
Weight 22.5% - Lifecycle stageSub-score:1/10
Stage: Grassroots Exploration
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 57% here - JurisdictionSub-score:9/10
United States: jurisdiction score 9/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 26% here - CommoditySub-score:10/10
Primary commodity: Gold
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 17% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
Your Rankings
Management Team
Geologist with 20+ years of international experience in mineral exploration and resource growth across Australia and North America. Prior senior exploration leadership roles at Brightstar Resources and Prodigy Gold, leading large-scale gold and critical-minerals exploration.
Acting Chief Executive Officer of Asante Gold Corporation; also Non-Executive Chairman of Elk Range Mining Limited.
Executive Director and Company Secretary of Elk Range Mining, part of the founding leadership team at ASX listing.
Non-Executive Director of Elk Range Mining since its August 2026 ASX listing.
Non-Executive Director of Elk Range Mining since its August 2026 ASX listing.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
No smart-money tracking (institutional/large-investor activity) for this miner yet — this is a planned feature, not live data.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Elk Range Mining listed on the ASX on 10 August 2026 after a fully subscribed A$10 million initial public offering. Its Idaho Gold Project in central Idaho's Orogrande shear zone includes the permitted, previously producing Friday gold mine, the Orogrande processing facility and the Buffalo Gulch and Deadwood gold deposits. The first hole of its maiden Phase 1 diamond drill program at Friday, eight holes of about 2,850m, logged visible gold at about 122m downhole, with assays expected in late October or early November 2026, and a historical hole beneath the mine intersected more than 5 g/t gold over 110 metres. No current JORC or NI 43-101 resource exists for the project.