This is a yuge announcement by Matador - so many gems.Let's...

This is a yuge announcement by Matador - so many gems.

Let's start with the below. The black box is approximately our labelled 1 is our current WGH MRE - You can see the new cluster from recent drilling to the SE/on the margin has provided a new cluster of red/yellow dots. These are the high gxm hits and will hold the bulk of added ounces. We can probably add another 150koz+ already which almost gets us to 1Moz. More importantly look at the size of the box and look at the pink blob that is WGH and you can see the scale potential if that 1 box holds 232koz and hasn't even been tested for depth extent yet



Now the second point is this granite type target is more like MOZ Valentine Lake as opposed to Central Zone which is a little different. Although this realisation that the granite margin runs up the side of Central might change the geological models.





The strike length is slightly less here but is actually more depending how these link up to BP and IAM. Ian has always described these types of assets as a string of pearls as there is just deposits pooled along a shear zone. This gives us a clear idea of potential multi-Moz scale.

Then their other comparison is KOTH







KOTH is 6Moz on just 3km of granite margin. We potentially have 14km of Granite Margin!

For anyone that listened to the Crux interview Ian made a salient point that I have always had in the back of my mind - the almost double edge sword of having a district scale land package. "When you have drilled 15km of 120km of strike how do you know you have found the best deposit" - the answer is obviously you don't and due to the till covered nature of the land there the chances are we haven't yet.

The excitement for me is WGH looks like it will provide the scale along with existing Central, BP and IAM to get a first operation of the ground. Then we go hunting to see if there is even better out there. Ian seems like he is entirely ready to start 2 or even 3 mills on our ground if we can find the ounces. I believe they are there. It's been a bit of a tiring process but I have the feeling we are gonna go slowly slowly then all at once here.