The Plutonic mine has 5.5 million ounces of resources at 3+ g/t gold with two processing plants and looks like being taken over for well under $100 million.
The interpretation of the fault offsetting the Minyari Deeps is actually a good thing, looks like it is shallower than expected and now can be drill targeted to further test the interpretation. The new discoveries are actually pretty interesting because the Geo-1 area was only air core and had transported cover. Drilling stopped at refusal so no real testing of hard rock mineralisation.
Perhaps IGO will have a look on the other side of the boundary and hopefully drill the big targets NW of Winu in the AZY JV ground.
DYOR. Not investment advice.
Ann: Two New Discoveries at Minyari Dome, page-11
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