Some of the highlights from the quarterly out last night....
New uranium target ( Weaner Bore) near Paladins Manyingee deposit in W.A., Uranium price rising
New tenement applications ( gold and nickel) at Forrestania near the Bounty Gold Centre, nickel price rising, gold over last 12 months strengthening
Buffalo gold mine pre feasibility nearing completion, existing open pit, history gold producing, just south of St Barbara near Kalgoorlie, W.A.
5 additional gold prospects within trucking distance to Buffalo.
JORC gold resource 20,000 oz
Parker Range Gold and Nickel
Busy month in May, pit design, drill testing etc
metallurgical works completed, positive surpluses generated over a range of gold prices.
Small shallow high grade pits ( 3m @ 167g/t)
New data from Sons of Gwalia drilling, near surface gold
Joint Venture with Cazaly JORC Iron Ore close to rail and port agreements. Looks a lot of upside to increase 4 to 5 times resource, high grade BIF, 14km untested, Value looking forward ? Guesstimate approx' $4m GDA's interest. CAZ funding it.
Pilbara iron ore, regional aeromagnetic shows strong magnetic signature. Located in prime iron ore province near Fortescue and Atlas.
Copper prospective tenements near Marble Bar, copper price up 40% in recent months.
Options potential conversion worth $1m this month.
approx' 312m shares on books if options converted this quarter.
Share market recovering and positive trends assisting commodities, micro caps like Gondwana over sold with large upside on recovery to mining sector as material sector confidence builds.
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