Wasn’t there another mystery buyer (when Tembo was selling?)...

Wasn’t there another mystery buyer (when Tembo was selling?) sitting at the 4.95% level?
Maybe I am misremembering that….. but if there was and they are now about to go public, that would put them up in the healthy 7% range?


And…. ‘Nothing to sneeze at’ …..as coined by Mining.com.au does indeed seem to be a good descriptor for that Spartan buyer’s current bite size, as well as the overall Pepper deposit ….

From linked in;

Spartan Resources Ltd (ASX:SPR) executive Chairman Simon Lawson says the company is focused on pushing for indicated ounces at the Pepper deposit, as it works towards a PFS and FID. Read more here. https://lnkd.in/gxJhpgc2 #mining #miningnews #investment #resources

• 29 AUGUST, 2024
• • NEWS

WRITTEN BY Aaliyah Rogan
Pepper drill hit nothing to sneeze at for Spartan Resources
Spartan Resources (ASX:SPR) has received initial assay results from the new phase of surface diamond drilling, delivering a new record drill hit from the Pepper gold deposit, within the Dalgaranga Gold Project in Western Australia.

New assay results include drillhole DGDH074 with 27.01m @ 39.15 grams per tonne (g/t) gold from 606.74m, including 5.11m @ 121.35g/t gold and 7.5m @ 50.72g/t gold.

Spartan Resources, which has a market capitalisation of $1.48 billion, says these results confirm very consistent “high-grade” gold mineralisation between the initial discovery and definition intercepts used in the July 2024 inferred resource estimate.
Interim executive Chairman Simon Lawson says since discovery, Pepper has returned some of the “best” drill intercepts seen at Dalgaranga.

“These latest intercepts, DGDH074 and DGDH074-W1 are important infill holes targeting conversion if inferred to higher confidence indicated resource classification, but also rank number one and four all-time for the Dalgaranga Gold Project. ​

“Our focused push for indicated ounces at Pepper with two dedicated diamond drill rigs is aimed at delineating additional higher confidence ounces for conversion to ore reserves, as we work towards our Pre-Feasibility Study and final investment decision (FID) targets.”​

Lawson adds that Pepper’s ounces supplement those defined at the Never Never deposit and will further strengthen the company’s goal to establish a long-life, sustainable, and profitable mine plan for Dalgaranga

The Pepper deposit currently has a resource estimate totalling 438,000 ounces at 7.66g/t gold.



Cheers