SPR 0.37% $1.36 spartan resources limited

Ann: Updated Exploration target for the Never Never Gold Deposit, page-25

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    To achieve the mid-point of the range ie 6.25g/t for 9.0 mt gives a resource of 1.81m Oz and working backwards the additional resources (ie 1.81-0.952) needs to be 6.94g/t and for the high range of 6.7g/t for 9.9mt gives 2.132 m Oz requires the additional ore(ie 2.132 less 0.952) to be a grade of 7.75g/t.

    The reason I was surprised is due to ehe grade reducing slightly at the last MRE upgrade.
    Last edited by calmbeforestorm: 12/03/24
 
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