SPR 11.6% 91.5¢ spartan resources limited

Ann: Exploration update - strong start to 2024, page-30

  1. 11,723 Posts.
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    Hi Two, I was referring to these drill results, which I believe, SL is alluding to (exciting potential). Below my green arrows, are question marks.

    https://hotcopper.com.au/data/attachments/5905/5905062-c5e67750486d347fd14f743ab21d238e.jpg

    SPR will undoubtedly have a lot more ounces that it's current MRE before they press the button on FID.

    @tarasbulba - SL has been at pains to state they will complete a mining study by Mid 2024 (even though they will most likely not hit FID straight after).
    While that occurs, the 4-6 drill rigs won't stop until late December (irrespective of FID etc), as there is just too much potential.
    Cheers for the part about the upcoming drilling plans.

    @Joelstar - Lots of potential numbers for a cutback, but... depending on how much bulk U/G ore they find, a future LOM plan is a fast moving target that is changing directions with every drill result. Perhaps at the upcoming SL presentation, planned drill holes will be shared (as today's announcement was all about what occurred last year).

    The market is very impatient and I am not at all surprised at the price action.
    Good luck to all holders (I guess particularly the patient ones).
 
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