Glory Resources Limited (Glory or Company) is an ASX listed (ASX Code:GLY) Gold exploration and development company.
In December 2011, the Company successfully completed a A$42.5 million capital raising and acquired a 100% interest in the high grade Sapes Gold Project located in northeastern Greece (Sapes Gold Project)
The Sapes Gold Project is a high grade gold deposit located in north eastern Greece, approximately 30km northwest of the Aegean Sea port city of Alexandropoulos. The Company’s immediate strategy is to progress permitting for development of the Sapes mine and aggressively explore with potential to significantly increase resources and establish Glory as a significant gold producer.
"Exposure to the Sapes high grade gold deposit with significant exploration upside and path to production, permitting is progressing and further exploration is planned."