Hi Wazza, I hold a decent position in WYX and I took some more...

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john435

11,491 Posts.

1131

17/03/24

21:43

Post #: 72930915
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Originally posted by Wazza3006: ↑

STTCOMP WYX FA LONG

Market Cap: $5.79 MILLION
Share Price: $0.063
Shares: 91.91 MILLION

Overview
Western Yilgarn’s Bulga Project is located ~50km to the southwest of Gold Fields’ Agnew Gold Project and centred on the intersection of the Holmes Dyke and the Mt Ida Fault. The Project comprises six granted contiguous exploration licenses which cover a combined area of ~477km2 plus an option to farm-in to an additional 207km2under an agreement with Fleet Street Holdings projects covering the Holmes Dyke (refer announcement30/01/2024).

The Bulga Project is located nearby two Tier 1 world-class nickel projects operated by BHP (ASX:BHP), the Leinster and Mt Keith operations, along with several 2Moz+ gold operations including the Agnew, Lawlers and Bellevue mining operations. Bulga is also located ~60km north of Delta Lithium’s (ASXLI) Mt Ida Lithium Project (12.7Mt@ 1.2% Li2O reported in October 2022) and ~90km south of Liontown Resources’ (ASX:LTR) Kathleen Valley Lithium Project (156Mt at 1.4% Li2O (as of April 2021))

An exciting ~2km long gold in soil target (up to 66ppb) has been defined in the new “BoodanooNortheast” Application EL 59/2881, following historical data review by the WYX team.• The target trends north directly into a nugget field held by others under a prospecting licence.• Phase 3 Infill and extensional geochemistry has been successfully completed across the 2.4km long x1.7km wide Lithium Caesium Tantalum (LCT) target.

I tipped this stock in February and it went backwards. Surely it can't do that again?

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Hi Wazza, I hold a decent position in WYX and I took some more in the recent placement ,it will have its day in the sunshine when they poke some holes into Bulga
2 Upvote

0 Great analysis

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