SPR 1.22% 83.0¢ spartan resources limited

Ann: Updated Exploration target for the Never Never Gold Deposit, page-159

  1. 5,115 Posts.
    lightbulb Created with Sketch. 2095
    It appears that SPR did not release details of the SAM despite announcing in late March 2023 they had started the survey with results available in May/June 2023.

    Some mentions of it presentations n July/August 2023 but no results that I could find.

    The best I could find was in the September quarterly activities report as in image below. Of note is the comment the SAM “ generated a vast number of potential targets” and the geo team are ranking the targets. Also noted the Arc deposit was identified partially from the SAM.

    No idea what the SAM showed for Sly Fox, WW and 4P. Maybe the SAM showed these are the best targets.

    I wonder why they have not published the results of the SAM - could be lots of reasons.

    I also noticed a comment in a presentation in early 2023 which stated the NN mineralisation is similar to Mt Magnet in 3 deposits. That area contains more about 9m Oz (6 past production and 3m MRE). See mage below.


    https://hotcopper.com.au/data/attachments/6041/6041818-90c5ab5041ec3560d4d820c78d8d49b8.jpghttps://hotcopper.com.au/data/attachments/6041/6041848-e3f8f385e7bdaf55c9e3df8ea12dbd96.jpg

 
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