Crest Resources Inc. Stock Analysis CRES.CN

Crest Resources, Inc. is an exploration company, which engages in the acquisition of mineral property assets and the investment in mineral exploration and mining technology companies. The company is headquartered in Vancouver, British Columbia. The company went IPO on 2018-10-23. The Company’s principal business activity is the investment in mineral property assets in Canada and Australia, and the investment in mineral exploration and mining technology companies. The Company’s mineral property assets include Allaru Project in Australia, Atlin-Rufner Property in British Columbia, and Leigh Creek Magnesite Project in South Australia. Covering approximately 810 square kilometers, the Allaru Project is located 80 kilometers (km) north of Julia Creek in central Queensland, Australia. The firm owns 66.7% of 1251797 BC Ltd, which owns 100% of 28 claims covering the historic Atlin-Rufner mine. The mine is about 23 km northeast of Atlin. The Leigh Creek Magnesite Project, located in the state of South Australia, consists of two exploration licenses covering approximately 664 square kilometers.