Some Salient points to consider -
Alpha Torbanite Project
SRK scoping study completed last year determined a base case gross revenue of 1 billion $s over 10 year mine for Alpha.
Low CAPEX.
Low OPEX.
Near term production .
Sydney resource fund recently invested and owns circa 5% of the company which IMO speaks volumes of the validity of the company’s projects and belief/confidence in management.
Bitumen will underpin Alpha project with “ Intense interest”
in the project from local importers and end user asphalt producers
Australia imports all of it’s bitumen .
Burgeoning infrastructure market.
Light crude as a byproduct.
Burgeoning Activated Carbon industry.
Geogina IOCG Project
Outstanding Geo Science drilling results hit precursors to IOCG mineralisation in all 12 holes, with massive sulphides encountered in one of the holes.
GRVs air magnetic survey blew management away.
Two bullseye drill targets with a host of targets from magnetic and gravity data sets.
Drilling set to commence in Sep quarter .
GLTAH
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