Ann: Warrior Project AC drilling finished, MLEM underway, page-11

This is an interesting company and agree with @Taipan88888 on the valuation, very undervalued at the moment considering the amount of capital.

1. CASH POSITION - $10 million
2. TOP 20 - 37.86%
3. 52 WEEK HIGH - 10 cents
4. 52 WEEK LOW - 2 cents

So the main focus is on the Warrior Project right now which holds an Ag-Au-Cu-As-Mo-Co-Bi sulphide mineral association with silver mineralisation up to 8.4 g/t, as the announcement states. That Warrior Project is south of Caravel Minerals (ASX:CVV) which has reported 1.8 million tonnes of copper.

Looks like they are trying to find the gold signature in play at Phil's Hill and results will be on the way and within the next 30 days as it states before the end of June 22.



Looks like CYGNUS GOLD are on the hunt with a few others as mentioned in the power point presentation from - Cygnus Gold Ltd (CY5:ASX) which include Bellevue Gold, AuTECO Minerals and GRYPHON Minerals Limited. Gold mines like Boddington, Julimar, Katanning and Edna May are in close proximity.

Newmont - Boddington
Chalice Mining - Julimar
Ausgold - Katanning
Ramelius Resources - Edna Mya

I will continue some research on these companies to see if we can get a feel for what kind of resources "Warrior" might hold, so we could put a value on some estimates instead of waiting for the results.

The next step might be to watch this video on Ramelius Resources website (which will do) to get a feel for the Geology in the area of these Gold Mines: https://www.rameliusresources.com.au/1500-2/

Hope this helps...

All I know, this really is undervalued considering the cash position...cash is king!

Have a nice day!