Dear Shareholders,
On behalf of the Seduli team we are excited to provide you with this progress report as we embark on an exciting period of growth and development. 2024 is shaping up to be a watershed year for our company, and we are delighted to have you on board as we embark on this journey.
We are actively preparing for an IPO on the Australian Stock Exchange (ASX) in late April 2024. A critical step in this process, the Application for In-Principle Advice, will be submitted to the ASX shortly. This paves the way for a successful listing and access to the capital required to fuel our Californian gold aspirations.
The recent RIU Explorers Conference hosted by Vertical Events, held in Fremantle last week, revealed encouraging signs of increased interest in the gold industry. This is consistent with the increasing number of enquiries we’ve received through our website, supporting our planned IPO timing.
The recent surge in the gold price, which has reached all-time highs, creates an especially favourable environment for gold companies such as ours. While predicting future prices is inherently uncertain, many analysts expect the gold market to remain strong, with some even projecting further price increases in 2024. As gold becomes more appealing, investors will seek out promising gold companies such as Seduli. This positive market trend is perfectly aligned with our growth objectives and demonstrates the significant potential of our California gold assets.
Our goal is straightforward: to establish ourselves as a mid-tier gold producer with a strong focus on California. We are actively working towards this goal with a dedicated team of five full-time employees, including our mine manager and Vice President of Corporate Affairs, who are all currently onsite in California. Their immediate focus is on preparing for drilling operations following the IPO.
We are confident that the year 2024 will be pivotal for Seduli in achieving our strategic goals. With an experienced team, a strategic focus on California, and an upcoming ASX listing, we are well-
positioned to capitalise on the exciting opportunities in the gold industry. We are committed to providing you with regular updates and open communication.
Stay tuned for more updates in the coming months, and don’t hesitate to contact us if you have any questions.
Sincerely,
The Seduli Team