G11 Resources Limited (ASX: G11, formerly Odin Metals Limited, renamed December 2023) is an Australian exploration company advancing its 100%-owned Zig Zag Copper/Gold Project in the Mt Read Volcanic Belt, western Tasmania, situated immediately north of Sibanye-Stillwater's producing Mt Lyell copper-gold mine. In August 2025 G11 agreed to acquire privately-held Pacific State Metals (Holdings) Ltd for A$2.6 million, adding the Koonenberry Project (a 3,300km2, district-scale copper-nickel-base-metals package 80km east of Broken Hill, New South Wales), Packsaddle (a gold/copper project in the Thomson Orogen, NSW) and NW Cobar (NSW) to the portfolio, alongside the existing Sedgwick Bluff Copper/Gold project (also Tasmania, along strike of Mt Lyell). The company raised A$7.5 million in a two-tranche placement to fund an extensive 2026 drilling campaign across the enlarged portfolio.
Lifecycle Milestones
Jurisdiction (40%)9/10
Tasmania: Fraser PPI 2025 is 87.51 of 100 (rank 15 of 68), which maps to 9 on this site's scale. Its projects are in Tasmania (Zig Zag, in the Mt Read Volcanic Belt) and New South Wales, both Tier-1 Australian mining jurisdictions.
Infrastructure (40%)No verified figure
Researched with nothing found: no source we could cite confirms or rules out an existing mill, road access, grid power, or tailings facility at Sedgwick Bluff Copper-Gold Project (Zig Zag target), Mt Read Volcanics, western Tasmania, Australia (checked Oct 5, 2026; recheck due Apr 3, 2027). Counts at a neutral 5/10 until one does.
Nearby producing mine (20%)10/10
Henty (Kaiser Reef Limited) is 18 km away -- within shared-mill trucking range.
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:8.2/10
Nearest producing mine: Henty (Kaiser Reef Limited), 18 km
10 next to a producing mine, 8 at 20 km, 5 at 50 km, 0 beyond 200 km.
Weight 22.5% · 46% here - 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% · 31% here - JurisdictionSub-score:9/10
Australia: jurisdiction score 9/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 14% here - CommoditySub-score:8/10
Primary commodity: Copper
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 9% 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
Executive Chairman of G11 Resources Limited. 20+ years in the resources sector; founded ASX-listed Kidman Resources and led discovery of the Mt Holland Lithium deposit (Western Australia), acquired by Wesfarmers in 2019. Negotiated offtake agreements with Tesla, Mitsui and LG Chem; Kidman Resources won Dealmaker of the Year (2019) from Diggers and Dealers Mining Forum. Member, Australian Institute of Company Directors. Principal of Penstock Group, a private investment firm.
Non-Executive Director of G11 Resources Limited, appointed 24 June 2025. Mining engineer with 40+ years of underground and open-pit mining operations experience across Australia. Former General Manager Operations at Kidman Resources during the SQM joint venture for Mt Holland Lithium. Previously General Manager Operations at Panoramic Resources (Savannah and Lanfranchi Nickel mines); held management positions at New Hampton Goldfields, Harmony Gold's Jubilee operations near Kalgoorlie, and the Rosebery mine in Tasmania.
Managing Director, Chile, and Chief Financial Officer of Marimaca Copper Corp. since 2023; also a non-executive director of G11 Resources Limited. 15+ years in international mining finance and M&A. Career: Senior/General Manager of Business Development and M&A, SQM (2016-2023, major Chilean lithium/mining company); Non-Executive Director, Kore Potash Plc (2018-2020); Mining Investment Fund Manager, EPG Partners SA (2011-2016, private equity). Civil Engineer by training, based in Santiago, Chile.
Non-Executive Director of G11 Resources Limited. 20+ years of natural resource development, public company management and corporate advisory experience with E2M, Rio Tinto, Henry Walker and Astron Ltd. Bachelor of Mining Engineering (Hons); AusIMM member.
Chartered Accountant with over 15 years' experience in public-company responsibilities. Principal of JM Corporate Services since 2019, serving as Company Secretary for multiple ASX-listed entities.
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
G11 Resources, formerly Odin Metals, explores for copper and gold in western Tasmania's Mt Read Volcanic Belt at its 100%-owned Zig Zag project, immediately north of Sibanye-Stillwater's producing Mt Lyell copper-gold mine, and at the Sedgwick Bluff project along strike of Mt Lyell. Its acquisition of Pacific State Metals, agreed in August 2025 for A$2.6M, added the Koonenberry copper-nickel-base-metals package of 3,300 km2 east of Broken Hill and the Packsaddle and NW Cobar projects in New South Wales. An A$7.5M placement funds a 2026 drilling campaign across the portfolio, in which hole SD2602 at Sedgwick Bluff, drilled to 1,201m, intersected about 90m of silica-sericite-pyrite alteration. No resource has been published for any G11 property.