SPR 0.46% $1.10 spartan resources limited

Ann: Strong Results From Drilling at the Glenburgh Gold Project, page-3

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  1. 12,137 Posts.
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    The results are quite late, but.. I expect that is because the company is focusing so much on Dalgaranga (which is fine).

    The results overall are great, basically testing continuity of depth, with a few single holes to see what they might hit. One hold was particularly good, which I am sure they will follow up on very soon. For now though, its all about capital preservation until they get into production. I am extremely confident that the updated PFS will prove Glenburgh is a great project with a high IRR. My guess is the PFS will come out around June next year (just a guess).

    We should be due for another update on progress at Dalgaranga, plus the ever important final sign off on the debt funding.
 
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