Ann: ASQ acquires Li/Au/Ni/Cu ground, page-5

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11/08/22

12:21

Post #: 63054682
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Originally posted by LovesMining ↑

@smiddlemas - where do I start....
We already have a very large tenement holding that I'm sure is costing a bit on licence fees alone, and then we go and acquire more?
We already have:
(1) Bauxite: HD JV /buy-in in progress
(2) Julimar: JV with DevEx, prospective for Ni-Cu-PGE
(3) South Stirling: acquired based on one anomalous drill hole from a 2015 Iluka Exploration
(4) Darling Range project: 3 deposits under a JV with HD mining
(5) Silica Sand: at Albany, Gingin and Esperance, we have MRE but not much activity here.
(6) Silica quartz outrops: 2 prospects in WA and 1 in QLD. No MRE, research ongoing.

I wonder if we are spreading ourselves too thin here?
Should we consider taking 1 of the most promising in terms of long life, low CAPEX and a ready market and develop that first in order to generate a small steady state revenue that can then support other projects?
Sam, I have seen what you've done at Ardea - sterling work, but I cannot help shaking that feeling of are we trying to stand on too many boats on a fast moving river.
There's also the distinct possibility that I'm over-reacting...

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The devex jv is a pretty good deal for us.

Hd mining are working far to slow. Meeting jv commitments?
I need to read more into the new projects but briefly sounds like a nice price to get it for.

ASQ Price at posting: 6.5¢ Sentiment: Hold Disclosure: Held
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