Thanks for sharing this article! I have bought in here today based on the land-holding, investor presentation based on the recent acquisition of Hardey Resources Pty Ltd.
Key take away from Investor Preso:
- 512km² Hardey Resources landholding targeting Lower Fortescue Group
- Total Pilbara land position of 749km²
-The target stratigraphy of Hardey Formation and Mt Roe Basalt is the same as that which hosts the recent gold discoveries announced by Novo Resources, which has reported a significant new ‘Witwatersrand style’ conglomerate-hosted gold discovery Purdy’s Reward in the West Pilbara
- Historic wide spaced reconnaissance stream sampling recorded 3.6g/t and 2.81g/t 2– similar to Novo’s 9.8g/t soil sample
- Initial 5,000m focussed drill program: Drilling aims to delineate mineralisation contacts within the Hardey Formation conglomerate
There's much more to like. There's $3.5M to keep them going for a while and hopefully see them re-rate should they find decent results.
@Quanta I know you missed DEG as did I, here's a stellar opportunity with oppies having great leverage. $13M MC and 513M SOI with 164M oppies. Overall a well leveraged company for Pilbara gold conglomerates and a good team.
Good to see John435, blastfurnace and Tibbs on board... 3 hearts already...
Here for the long term should they find the nuggets!
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