Ann: Ricciardo Delivers Australia's Largest Open-Pit Sb Resource, page-118

Guys tipping 12c today


Here’s the 5/3/25 ann of sx2 a statement of their updated drilling target.

well well well, their sb target is 66-88kt sb
They going to keep drilling to achieve this
They’re hitting more gold at depths and no sb
They’re $1.2 billion mcap, no ‘inferred’ mrr until 2027

enter wa8

60kt from historical drill holes alone, let alone jorc compliant



Nice intercepts there for sx2, but look at the sb grades. You can see why despite extensive drilling, they’re getting more gold and little antimony hence the contained antimony target mre is just 66-88kt

why citing this? To put in context what WA8 already has, and as AB stated, she’s more excited about the further upside rather than the impressive 60kt reported. Take note, sx2 has been drilling for a couple of years. Wa8 simply assayed historical records- and on top of that, they’re now targeting sb in the drilling campaign.

I won’t be surprised if wa8 can double the sb mre. That will double that of PPTA and sx2, both of which at $1.2b to $1.6 b current mcap

wa8 no brainer


Good gold but sb mre’s difficult to increase

this makes AB’s team very excited to drill drill drill