WA8 0.00% 5.4¢ warriedar resources limited

Ann: Diamond Drilling at Ricciardo delivers high-grade gold, page-18

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  1. 4,565 Posts.
    lightbulb Created with Sketch. 3200
    On the money as usual Spec.
    Open Pit cutbacks Vs High Grade underground development
    Open pit cutback would be relatively inexpensive as the near-term extraction method. (huge potential to increase mineable open cuts with 18 shallow open pits virtually undrilled below oxide rock).
    A substantive Underground Mine at Golden Range could be the proverbial icing on the cake.

    It's highly probable that WA8 could eventually (matter of months IMHO) be seen as a developer rather than an explorer.
    Both projects have a shortened timeline to production (both mine permitted, with preexisting haul roads).
    Both projects have hungry mills within close trucking distance.
    I keep buying more as I can't see anything out there that has this level of near-term mining potential.
    The fact AB has hired a mining engineer shows they are serious about becoming an ASX listed miner with potentially 2 separate active mine camps.

 
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