Speaking of RMS, they've recently announced plans to begin a drill program southward from the Penny West mine.
Peter mentions it in the below conference around the 10 min mark & it's also detailed in a recent company ann.
VIDEO RAMELIUS RESOURCES LIMITED (ASX:RMS) - Ann: RIU Explorers conference presentation, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum Directly south of the Penny West mine is another tenement recently acquired by
SMX. SMX has just announced their maiden drill program just a few hundred meters south of the RMS Penny West mine. The Penny West mine has one of the highest grade gold resources in WA.
STRATA MINERALS LIMITED. (ASX:SMX) - Ann: Drilling Commences at Penny South Gold Project, 78049200, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum SMX shareholders are hoping that mineralisation from the RMS owned Penny West mine continues down into the SMX tenement.
SMX recently undertook a placement of $1.6m & has a
MC of around $8m with multiple gold prospects in the works, not only at Penny South but Biranup as well.
STRATA MINERALS LIMITED. (ASX:SMX) - Ann: Fieldwork Commences at Biranup Gold Project, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum STRATA MINERALS LIMITED. (ASX:SMX) - Ann: High Priority Gold Drill Targets at Penny South Gold Project, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum There's been some M&A activity in the gold sector as of late & RMS recently took over Spectrum after discovering the Penny North deposit.
STRATA MINERALS LIMITED. (ASX:SMX) - Ann: Completion of Penny South Gold Project Acquisition - Revised, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum History doesn't repeat but it does rhyme.
If RMS took over Spectrum after discovering gold at Penny North then perhaps RMS may takeover SMX if there's a gold strike at Penny South (Yeah, I know, too many Penny's to keep track of) Anyway, SMX might just find dust, who knows, but it's worth a punt for me.
Pete, the MD of SMX, gives a brief update in the below post on LinkedIn.
https://www.linkedin.com/posts/peter-woods-87662a118_gold-goldexploration-asxnews-activity-7300712577506951168-AUtJ?utm_source=share&utm_medium=member_desktop&rcm=ACoAACoHc7UBcgnkBt4cf2NKL5qkY1rasePg1Mw A recent Podcast interview below.
Explorers Podcast: Strata Mine - The Explorers Podcast with Barry FitzGerald - Apple Podcasts STRATA MINERALS LIMITED. (ASX:SMX) - Strata Minerals general discussion., 77454241, page-40 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum STRATA MINERALS LIMITED. (ASX:SMX) - Strata Minerals general discussion., 76538185, page-24 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum 
