Argonaut acted as Joint Lead Manager for Pacifico Minerals Ltd in 2014 for the $5.8 million Placement and Share Purchase Plan from sophisticated and institutional clients. Pacifico Minerals Ltd (ASX: PMY)  is an Australian gold exploration, and development company focused on discovering in the Columbian region. The Company’s flagship project is the Berrio Gold Project in Antioquia, Columbia, part of the Andrean Cordillera terrane, hosting world-class gold, copper and silver deposits. The proceeds raised by Argonaut were spent on aggressive exploration of high-priority prospects in the Berrio Gold Project and to continue exploration in their Columbian sites as well as for general working capital.

Pacifico Minerals Ltd changed its name to Boab Metals Limited (ASX:BML) in 2018 to expand exploration to base and precious metals in Columbia and Australia. The Company is now focused on the Sorby Hills Project in East Kimberly, Western Australia. Their other projects include the Borroloola West Joint Venture Project and the Limestone Creek Project in the McArthur and Mt Isa Basins, the Mount Jukes Copper/Gold/Base Metals Project in Tasmania, Australia, and the Berrio, Natagaima, and Urrao Projects with copper-gold deposits in Columbia.