Mt Dimer

I just saw the quarterly report and see there is finally decent progress happening with Mt Dimer which is great to see. "Program of Works for infill drilling at Mt Dimer" & "Mining Proposal Underway"

However, If I was management, I would also be focusing on the area of the Exploration Lease (EL) to the west of the Mt Dimer Mining Lease (where they are focusing on now). See map below:


Historical Drill holes and Tenures - GeoVIEW

The highlighted yellow is our Mt Dimer Exploration Lease and the angled rectangle to the east is the Mt Dimer Mining Lease. As you can see, there is no historical drilling data (from open source GeoVIEW) within E77/2383 (our EL). Yet it is prime real estate - in between the Mt Dimer Historical Mine (soon to be reopened by us) and the Beacon Minerals (BCN) future mine. On June 7 2024, BCN announced their maiden resource here. See below:


June 7 Beacon ASX Release - Maiden Resource Summary

June 7 Beacon ASX Release - Geology Summary

I have had a look at the geophysics and there is credible evidence to suggest these granites and igneous units and structural changes run straight through the centre of our exploration lease. Basically, every deposit in the region (delineated by drill hole clusters - triangles in the maps) chase these structural zones.

IMO there is a very strong chance gold mineralisation continues along strike from this BCN deposit and into our Mt Dimer Mining Lease. The geology stacks up and is very similar in nature, with the Dimer-Jackson Fault (mineralisation conduit) pretty visible by the magnetics. There is also a clear radiometric anomaly in the centre of the EL too. Further work is definitely warranted here and a targeted drilling program in the centre of the EL will add considerable value IMO.


Magnetics - GeoVIEW


Radiometrics - GeoVIEW

Potentially management may want to undertake a surface sampling program first, so they can then chase the best geochemical anomalies with drilling because as seen below, not a lot of historical surface sampling has been completed in our EL too. Hopefully management are well aware of this and spend some money exploring here in the EL!


Historical Surface Sampling - GeoVIEW