SPR 3.52% 73.5¢ spartan resources limited

Ann: Never Never hits 952,900oz @ 5.74g/t, page-26

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    Now look at the difference between the same image in July 2023 and now (my numbers for the current image in the table below are approximate as unlike the previous MRE the OVM numbers are not included). Of the additional NN resources of 230koz or 32% a lot seems to have come from infill drilling from 200 RL to 450 RL especially from 350 RL to 450 RL. It seems maybe roughly 35% to 40% or about 80 to 90k Oz, of the 230k Oz additional resources came from infilling if my interpretation is correct.

    Note the figures I have highlighted in red below which are not yet in the MRE. If these are included at the OVM indicated the MRE may increase by roughly another 200K Oz. In addition in this and the previous upgrades the OVM's have increased from infill drilling quite a lot as noted in my table below comparing current and previous announcements and as shown in the image from the MRE upgrade in July 2023. If the same occurs in the next upgrade we may see another roughly 100k Oz increase. In addition they may find more gold below 750 RL.

    Happy to have my views shot down if they are incorrect.

    https://hotcopper.com.au/data/attachments/5818/5818179-1f549561f1c5628569f185987b23588e.jpg

    https://hotcopper.com.au/data/attachments/5818/5818060-d6402f074dd9f6de5cc73e3912c96d30.jpg




 
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