Thanks Polonium! I knew there were people much more...

First 15 Last

Share
Profile

Follow
gruntov

152 Posts.

34

05/05/23

08:28

Post #: 67618368
Share

Originally posted by Polonium210: ↑

In terms of straight proximity, then yes, the part of S2’s EL application which overlaps the Taungurung RSA area is relatively close to Fosterville. The slice in question is on the other side of the Campaspe, and in terms of geological prospectivity, is probably less important (imo). But that doesn’t really matter as it is part of the EL, and therefore they must go through the process.
I doubt the delay is anything specific to S2 or proximity to Fosterville, simply because there are many other EL applications in the Taungurung RSA area that are on similar timelines.

“Southern Cross Gold and Falcon Metals been drilling in Taungurung People's land, so it is not impossible to get an agreement”
Absolutely, I think that’s the key point tbh. There are many granted EL’s in the Taungurung RSA area, most of these are pre-2018 (granting), and for some reason the granting has slowed in the last few years, but hasn't completely stopped.

Map below from geovic, the RSA areas shown as a background, S2R's application in orange, the other application blocks of Fosterville in blue, and FAL's granted tenure in green. FAL's two granted EL's to the east of Fosterville were granted in 2018 and 2022. The one granted in 2018 (Jul) was applied for in Apr same year...few months. The one granted in 2022 (Oct) was applied for in March 2019...so ~44 months.

Not sure what the S2 EL is currently at....maybe ~19 months? So, unfortunately its just a patience game.

Expand

Thanks Polonium! I knew there were people much more knowledgeable about this than me. I agree that it will happen when they are comfortable with it happening.

S2R Price at posting: 14.0¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

STN

Saturn’s stars have aligned for the gold explorer’s Apollo Project

LAT

Latitude 66 Shares Surge 8900% on Promising Exploration Update

ITM

Fast-track assaying yields 182 g/t gold for iTech at new NT play

SXE

SCEE boosts Synergy deal by $50M for Collie battery project

AS2

Askari sets exploration target of up to 323K ounces Au at Burracoppin