WTM waratah minerals limited

Ann: Investor Presentation, page-194

  1. 6,562 Posts.
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    @Josh101. Seth Davis is quite right, these previous explorers focussed on the porphyry intrusion itself and pin cushioned it with drill holes. Although GCR did do some drilling of Spur and Dalcoath epithermals and WTM has leveraged off that earlier work. As to the main porphyry intrusion, the fact is that a major fault sliced through it , displacing a part and maybe the larger part as some speculate is buried somewhere else, maybe deeper down and despite some attempts Its not yet been found and no guarantee if it is ever found that it would deliver a bonanza. But then again ? So with that background WTM opted to focus on the epithermal zone, and with a good understanding of its possible lookalike ( Cowal) or even Ridgeway (next to Cadia mine). Looks like WTM's strategy is paying off big time
 
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