No uranium. Their major project is the Katanning Gold Project.
- They put out a reasonably economic scoping study in November 2019 for a 1.2 million Oz deposit.
- As the managing director noted in an earlier presentation the financials have drastically improved with the increase in the price of gold - I believe he said that NPV had doubled from $77M to $154M with POG @ AUD$2300/Oz.
- They have already completed 3 drill programmes since the scoping study chasing higher grade ounces, which they have been finding. This is also growing the resource.
- Recently raised $6.3M - fully funded - and a Canadian fund who are involved in mining got onboard
- Have started a 25,000m RC drilling program - their holes are shallow so this could be around 150 - 160 holes
- Have a huge amount of land, close to roads and power, workers etc.
- Last announcement said results anticipated
- Very low EV/Oz ~ $37.50 / Oz compared to peer group
They have some other prospects elsewhere - Vanadium, PGE, Cu/Ni/Co
Check out the latest presentation here: https://www.asx.com.au/asxpdf/20200901/pdf/44m6f7r0j1nxjp.pdf
Seems good to me. DYOR and all that jazz
No uranium. Their major project is the Katanning Gold Project....
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