Ann: Dalgaranga Gold Project - Mineral Resource Estimate Update, page-110

From ‘in a jam’ back to Stock  Head.. for some hot, hot, hot rock

https://www.heraldsun.com.au/business/stock head/monsters-of-rock-spartan-sizzles-with-highgrade-gold-big-copper-heavy-rare-earths/news-story/59dc2ac80ea65ef518eb8eb231083054
Monsters of Rock: Spartan sizzles with high-grade gold, big copper, heavy rare earths

Spartan Resources lifted almost 24% on a major Never Never gold upgrade, while Metals Acquisition delivers a copper record.
Josh Chiat

4 min read
July 23, 2024 - 4:40PM
Stock head


Spartan's felling hot, hot, hot. Pic: Getty Images
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Spartan Resources dazzles with resource upgrade at sizzling Dalgaranga gold project

• Metals Acquisition pulls off record quarter as grades lift at CSA copper mine
• Lynas flags interest in fresh heavy rare earths supply after sanctioning $25 million upgrade at Malaysian plant

How about that high-grade gold out at Spartan Resources (ASX:SPR)! After a +20% rise today – unusual for a company of its market cap – don't be surprised to see this one talked about for a while yet to come.

Ramelius Resources (ASX:RMS) decided to fork out ~$180 million to pick up an 18% stake on-market recently, something which looks like a prescient move.
The update today of the Dalgaranga resource to 2.48Moz and of the Never Never discovery to 1.49Moz at 8.07g/t, echoing the early resource upgrades five or so years ago of ASX 200 miner Bellevue Gold (ASX:BGL), will no doubt put an even steeper premium on this year's boom stock.
And it already boasts a 2.5Mtpa processing plant, suggesting its better placed than most junior and mid-tier developers to go it alone. How that figures into its long-term plans will be seen in future studies, with work on an exploration decline to access high grade ounces from depth and infill current resources more cost effectively already underway.
Reminder, this company was recapped only 18 months ago after multiple attempts to make a bulk, low grade mine at Dalgaranga near Mt Magnet work and narrowly avoided being swallowed whole by Westgold Resources (ASX:WGX). Sometimes you need a hard reset.
You can check out a few of CEO Simon Lawson's thoughts in our Resources Top ... column with Cam Drummond earlier today.