Really like this slide. Not sure I have seen a graph that so clearly articulates where the $$ actually go in regards to exploration spend. As other posters have pointed out, most companies just lump their exploration spend together, which, is somewhat evasive about what is actually being chased. Hopefully this becomes a slide that stays in almost all the presentations, to set the bar a bit higher for the rest of the sector. Would be great to see the estimated breakdown for FY24, especially since we are half way through.
I will say that of course, there will be times where companies need to focus on resource definition moreso than say, green fields, because... once you are in production, you have to have the ounces to keep producing the next year!
I assume that with Paddy being stopped, South Emu & Comet are quickly seeing more attention again, as a restart to bolster the overall mine plan in the near term is required to offset the lost ounces. Though... I am hopeful that Great Fingall will surprise to the upside as early as the June Q this year.
Looking forward to hearing Wayne speak.
Again... WGX for me, has one of the most exciting folio of exploration targets anywhere on the ASX and they are only just starting (literally) to drill them after... well decades of neglect.
WGX Price at posting:
$1.95 Sentiment: Hold Disclosure: Held
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