TYX acquired Eureka for around $3.2m and did one drill program in the 2 years in which they held it. They had an independent mining study done which indicated more drilling was required before attempting to mine the known resource contained within the pit.
TYX changed focus to lithium and sold off 3 gold projects including Eureka to Red Dirt for about $950k from memory.
I held BDC which had a couple of the historic pits closeby and thought they may pick it up as that was their modus operandi at the time, but RDT got it for a song.
RDT also bought Mt Ida ground from OBM then tested historic drill cores for lithium, which came back positive, so they also started to focus on lithium and changed their name to reflect this new direction.
Eureka could be a good money maker for a small company imo.
I don't hold DLT or JAV, just giving some recent background as a former TYX holder.
JAV Price at posting:
0.4¢ Sentiment: None Disclosure: Not Held
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