I'll preface this by saying:
the market has a broad understanding of Nifty, Maroochydore and the Hollandaire deposit.
These are;
Nifty: 732,200t of Copper
Maroochydore: 486,000t of Copper + 18,550t of Cobalt
Hollandaire: 51,500t of Copper + 28,800oz of Gold + 574,000oz of Silver
Personally I believe the market has little value placed on these deposits. But leaving that aside...
No investor presentation slides contain substantial information on Nanadie Well. In fact, it barely receives a mention on the
CYM Mineral Reserves and Resources page.
However each time we hear Barry talk about the future direction of CYM. We always hear about Nanadie Well. So what exactly is Nanadie well? Here's some information taken directly from the
2020 acquisition announcement:
Any explorer announcing the discovery of such a deposit would absolutely rocket. Good resource. Open in all directions. Open at depth. What isn't there to love? But here CYM is, hardly mentioning it, because of the significance of both Nifty and Maroochydore.
But it doesn't end there. The following are still in early stages;
Only rarely mentioned in small snippets, CYM holds Mt Eeyla.
Mt Eelya has strong potential to become a significant resource. Near surface. Very high grade Zinc. Moderate Copper, Gold and Silver grades. And a A
potential strike of more than 600m. This is a resource which CYM barely acknowledges and is currently sitting in our back pocket.
For reference, here is the mapping for Mt Eelya.
Okay. Fantastic. Is that all?
Well.. No. Not even close..
We still have Eelya South, Colonel, Rapier Gloria June and Stark to fully explore as evident in the above slide.
SourceAll of these early stage exploration targets are in relatively close proximity. The region is hot. Despite the little historical exploration, here's some information regarding the following:
Okay... So that covers the Cue Copper project. So what about Gloria June and Stark?
I couldn't
find much on Gloria June. However, the historical workings are fantastic. Honestly, this is probably CYM's weakest asset.
And finally Stark...
Source 1 and
Source 2 and
Source 3If there's any errors or missing data, feel free to correct me below.
But in my opinion - It's mind-blowing finding out just what CYM actually holds.
It's certainly going to be an interesting journey with Barry over the next few years following Nifty.
(20min delay)