Looks like we might have some decent exploration news on the way. AJM might even find some Gold with respect to SYA earn in agreement.
Announcement earlier suggested that AJM has started sampling work at :
Mallina
Deepwell
Tabbatabba
Red rock
According to the recent SYA Noosa presentation, Mallina and Tabba tabba are only Lithium tenements and Deepwell and Red rock are Gold + Lithium prospects.
While SYA /AJM announced below in their previous announcement, Its a bit confusing as they have not mentioned any immediate work in their Mt Dove tenements (Close to Hemi). Only mentioned ones are above 4 tenements. But then below was announced earlier.
Other regional WA tenements are being reviewed to determine the best strategy to maximise their potential value, including leases around the recent De Grey Hemi gold discovery. The Sayona–Altura Earn‐In leases include the Mt Dove lease, E47/3950, which is located 12km to the south‐west of the Hemi mineralisation.
Noosa preso suggesting :
Under earn-in agreement, Altura Mining to spend $1.5m on exploration over three years to earn 51% interest • Mt Dove lease centrally located; 12km to the south-west of the Hemi discovery and less than 3km from other De Grey gold targets to the north, east and west • Review of gold tenure underway to identify Hemi-style targets within the tenement package and options for value-adding
Now I m wondering is AJM is doing some work behind the scenes @ Mt Dove?
Either ways all presentations / announcement suggesting both SYA /AJM management is looking to add value to the company one way or the other. A bit of Gold news may put a little fire under the SP......especially if some work being done at Mt Dove..
Hopefully the Q gives us a bit more insight on exploration and future plans. Management is not too worried about the SP lagging, they just get on with their work. History in the market suggest that SP will catch up sooner or later...
Looking forward to coming week...
All IMO
Arjay
AJM Price at posting:
6.2¢ Sentiment: Hold Disclosure: Held
