EFE 25.0% 0.5¢ eastern resources limited

Ann: Investor Presentation, page-55

  1. 103 Posts.
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    I went back through their announcements. The first attempt at a submission was announced on the 7th October 2020 and a follow up announcement was made on the 21st of December 2020 saying a revised proposal had been submitted.

    I'm interested in the drilling because the Third Mile prospect appears poly metallic (Cu, Au, Pb, Zn)

    https://hotcopper.com.au/data/attachments/3253/3253073-c47aee4c1bb12ebb51da33edbc8cdfa2.jpg

    (above image from 6 Feb 2018 announcement)

    I believe the 13.6 @ 3.8% Cu referenced in the recent Investors Presentation was from HARD2 (likely they've used a different cut-off grade when grouping assays).

    EFE does seem to be a lifestyle company as they haven't had much traction over the last 3 years or so, however I'm optimistic about the DFS results with the current iron prices. Three Mile is interesting due to its potential for additional mineralisation but I guess we'll just have to sit back and wait for a while

 
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