Hey @Seth Davis, @Aliasdavejay and others on this thread.I have...

Hey @Seth Davis, @Aliasdavejay and others on this thread.

I have taken a position in KNB in the last few trading days while I continue my due diligence and thought I would share some useful information I have read.

The Enmore Gold Project is my key focus given the multiple 100+ gram metre hits there plus a few just under 100+ and some other higher-grade shoots. That thing at Sunnyside looks of decent size if they follow that north, north-east and east plunge. The previous owner started to get a handle on the cross cutting structures. See hole OSSRC06. Early holes were orientated to the outcropping east-west structure but down dip it's not quite east-west plus the second mineralisation stage created higher grade north-west orientated cross cuts.

On the hot topic of Sb, the information I have read suggested Sunnyside is not Sb rich, however the Au grades hold their own so far IMHO. See the JORC appendix in one of the links attached below for verification of this opinion on Sb. I have read some reports from previous owners of Sb soil sampling hits but these were in the north and east of what was previously a much larger tenement package (to the north and west).

Note Zedex (ASX:ZDX) did an IPO where Enmore was vended in. They quickly focused on SE Asian exploration and this with the GFC saw Enmore languish and become non-core. Quarter after quarter had no work undertaken. Zedex merged with their Canadian partner and it looks like Enmore landed back with the vendor, Providence Gold and Minerals linked with a Melbourne prospector Tom Burrows.

Not sure what happened in the intervening decade, however in late 2020 Enmore was acquired by Okapi Resources (ASX:OKR). They did some deeper RC and relatively shallow DD and had some spectacular hits. However, like Zedex, Okapi went full throttle into US uranium assets and again Enmore became non-core. Note Okapi is now Global Uranium and Enrichment (ASX:GUE) who is the vendor into KNB.

I agree with KNB's positioning of Enmore in this video - the discovery hole has already been drilled.

Here are some useful resources I have read and thought you and others may find them interesting.

Enmore Technical Report in Zedex (ASX:ZDX) IPO PDS 2006 (section 5)

https://announcements.asx.com.au/asxpdf/20060518/pdf/3wsrxv66l219z.pdf

Okapi Resources (ASX:OKR) acquisition of Enmore Project 2020

https://announcements.asx.com.au/asxpdf/20201217/pdf/44r207kb78ltw8.pdf

Okapi Resources (ASX:OKR) Enmore OSSRC06 assay announcement and JORC Appendix (and the update)

https://announcements.asx.com.au/asxpdf/20210908/pdf/4508vprchx9g71.pdf

https://announcements.asx.com.au/asxpdf/20210916/pdf/450k9nblb2pg08.pdf

Okapi Resources (ASX:OKR) Enmore DD Plan + Easterly Plunge

https://announcements.asx.com.au/asxpdf/20220311/pdf/456x4wfqm5gwrk.pdf

As always GLTAH, IMHO and DYOR.