Have a feeling the Stanley JV project was not factored in Dr. Matthew's 3m to 5m target for Katanning. He was speaking purely of Katanning.
Stanley is incremental = more shareholder value delivered. Makes sense for Cygnus to JV as it sits on the border of Katanning and they are small fish with hardly any cash so may as well free carry with AUC doing all the heavy lifting.
Looking at the geology, Stanley sits perfectly on the fault line with similar prospectivity to Katanning which = gold = $$$. If Katanning is going for 3m to 5m, then Stanley could be let's conservatively say 1.5m resource.
Katanning 3m to 5m + Stanley at 85% interest of ~1.3m = 4.3m to 6.3m ounce gold project for AUC. Much higher than expected.
Loving the shareholder wealth creation by management.
Have a feeling the Stanley JV project was not factored in Dr....
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