Octanex Limited (ASX:OXX)
Octanex Limited is an Australia-based mineral exploration company. The Company is engaged in focused on gold in the prospective Eastern Goldfields province of Western Australia. The Company’s projects include Sefton Project, Hope Campbell Project and Ascalon gas. The Sefton Project is located in the eastern part of the tier 1 Eastern Goldfields province of Western Australia. The region hosts established gold mines, such as 5.2Moz Granny Smith, 10Moz Sunrise Dam, 5.8Moz Gruyere and 7Moz Tropicana. Hope Campbell Project is located to the sourtheast of its Sefton Project in the Eastern Goldfields province of Western Australia. It is comprised of three exploration license applications covering an area of approximately 1,356 square kilometers. Ascalon gas accumulation is located mostly within exploration permit WA-407-P. The gas is contained in a faulted horst structure within marine sandstones of Late Permian age.