No more dilution The Penny’s Find Gold Mine is well advanced with all requisite mining approvals in place and a toll milling agreement secured for ore treatment in the second half of 2021 and into FY23. Further JORC The Company has completed RC and diamond drilling at the project to infill a number of areas for improved JORC Classification enabling an updated Mineral Resource Estimate to be compiled ahead of an updated mine optimisation and design. Results from the drilling are expected in the June Quarter 2021 with an updated resource, maiden reserve and development decision expected in the September Quarter 2021.
It only gets better. All this for $27 EV/Resource. Next they will throw in the steak knives!
HRZ Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held
