Ann: High-grade Gold Assays from Gascoyne regional project, page-32

I am very biased, I don't want them to sell Glenburgh, and not just because SL likes it.
It's even more 'green' than Dalgaranga and look at what has been discovered there in just the last 12 months!
The likes of CMM and EMR spent the last few years scouring W.A for projects that would enable them to become multi mine producers....
SPR has had Glenburgh from the start and.... mining gods be willing, will be SPRs second project.
To be clear, Glenburgh is not yet a quality asset likes the ones EMR and CMM picked up, but... it could be with a serious drilling campaign.

GCY/SPR has always been a unique stock within the sector (or at least I have thought so), due to having two viable projects that could get into production, versus a plethora that have 1 like... RXL for example, that might... might one day be viable, but... have something that stops them from being a clear 'into production project' factor. Plus... Glenburgh has a mining lease (time, money etc required to get one).



As soon as SL took the job, I have pondered that Glenburgh is a great.... separator, i.e. could be partitioned off into a new company for SL if Dalgaranga got acquired. Sort of like what GMD did with SBMs Leonora assets (GMD basically bought the Gwalia U/G mine and plant with GMD script, but left the rest of SBM alone). Any potential acquirer could do something similar (though perhaps they may just want it all).

Anyway, I am just so pleased that even the forced drilling program succeeded in hitting good mineralization at both projects.


Of the 50 holes, 17 were NSR for Glenburgh.
Of the 17 holes, 2 were NSR for Egerton.

Pretty good for what I assume was very light drilling to meet the minimum requirements for keeping the assets in good standing.
I guess we are going to have to wait a bit longer for the REE results (from the quarterly below)?