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Ann: Further High-Grade Drilling Results at Danaya, page-19

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wingedwarrior

6,632 Posts.

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14/12/22

11:15

Post #: 65306103
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Originally posted by Red Baron ↑

This is going to lead to a good Resource upgrade and category upgrade, sounds like the updated Resource statement won't be out this Month as expected with a few pending assays still to come in.

And this isn't even our best deposit, the Sangar 1 and Sangar 11 deposits (now grouped into NE Domain) have higher grades and tonnage than Danaya. Further results from the NE Domain Q1 next year will be impressive.

Any company putting drilling results like that would go through the roof in Australia (or N America).
And to make it even sweeter, this ore body is close to the surface, the likes of CXO & LTR are having to mine underground at depths 4 times our resource at much higher cost and carbon footprint.

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But the resource is in Africa! And to be fair, underground mining has come back into modern mining favour with its significant ESG benefits, attractiveness to responsible buyers, and a dramatically reduced carbon footprint as shown by LTR in its DFS findings and solar/wind power approach.

LLL Price at posting: 48.8¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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