They hit “400m @ 1.4g/t Au from surface” in GHD001, including “104 metres at 1.6g/t”
It is average grade, over huge intercepts
Then there was 10m @ 17.7g/t Au in the reefs
“The Mt Adrah Hobbs Gold Deposit is located on the same geo-structural system as Newcrest Mining’s (ASX: NCM) Cadia Ridgeway gold mine (which hosts 60 million ounces gold equivalent) and Rio Tinto’s (ASX: RIO) Endeavour gold mine (8Moz gold equivalent).”
Punters have no idea what they just gifted away. You could slot this into a shell tomorrow with $2-3M cash, a multi Mozs target and it would sit at $10M+ market cap easily
Ann: Sale of Non-Core Gold Project, page-82
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