IRG systems, page-5

So much to like here.. I am also very happy to be holding these.

Such an amazing opportunity for anyone who has done their research on this. In fact seems a gift given still well below the radar – evidenced by the very low current volume. I am amazed at the low profile this company has given all that it has going for it … including those in the T20 (including its own drilling contractor), the government funding it has secured, the tightly held register, the very low MC, only 70M SOI, let alone its compelling projects including its current Paupong IRGS drilling program with one hole drilled and 6 to go.

Being able to pick these up at a SP of 0.096 and with a MC of 6M… this is IMO one of the best MC Risk reward plays available on the ASX… such little supply

The last announcement was very solid with some gems in there cross referencing with the previous release on 24th May, the ANN where ARS announced the scope of the Paupong intrusive related gold system with detailed geological, geochemical and geophysical data backing their diamond drilling programme. That announcement has been consistently linked within subsequent announcements on the exploration drilling progress, and for good reason - a cracking read. For me Figures 9 and 10 tell a very compelling story..

From most recent ANN


From May 24th ANN

Really looking forward to those assay results in February...

Even a JORC with an average mineralised grade of between 1 to 2 g/t Au – if they prove up a large enough area of mineralised porphyry the company could well be sitting on a multi million ounce gold project – anything above 1-2 g/t Au and this is a seriously lovely share to be holding just waiting to gap up to a MC that prices it properly

As ARS believe the Windy Hill targets are Mesozonal porphyry and that the intrusives mapped at Windy Hill Paupong are comparable in geological nature with several Northern Queensland IRGS including Ravenswood (3Moz) and Mt Leyshon (3.5Moz) – those assay results in February could well be the catalyst for a very significant increase in buying demand and subsequent MC rerate.

Such a gift IMO at these prices..