Argonaut acted as Financial Advisor to the successful $65 million Takeover of Atherton Resources Limited by Auctus Chillagoe Pty Ltd. in 2015, plus the $32 million Takeover Offer by Denham Capital, a Global Energy and Resources Private Equity Firm, and a partner and backer of Auctus Chillagoe Pty Ltd. Following this successful takeover, Auctus Chillagoe Pty Ltd. renamed to Auctus Resources Limited.
Atherton Resources Limited, formerly Mungana Goldmines Limited, was an Australian mineral exploration and development company. Its primary asset was the Chillagoe Mineral King Vol project in Northern Queensland. In 2015, Auctus Chillagoe acquired 80.78% interest in Atherton Resources Limited and then renamed Auctus Resources Limited after receiving full ownership of Atherton. Auctus Resources Limited is a wholly-owned subsidiary of Auctus Minerals Pty Ltd, a mineral exploration and development company established in 2014.
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