To answer your question I suspect the project was marginal at best with commodity prices at the time and E79 had not done any drilling since picking up the progect and whilst they state around April 2023 that Maverick Springs was their No 1 project, they appear to have changed their attitude within 6 months and saw more upside in their secondary project.
On October 2nd 2023, 3 weeks prior to SS1 starting negotiations for Maverick Springs the gold & silver prices were as per below;
Today, the prices are as per below with silver rising 50% in AUD and gold rising 28%.
The value of the ore in the ground was only AUD$70/T on Oct 2nd 2023. Today it has doubled to AUD$145/T, and if silver hits US$50oz & gold US$3,000oz the value of the ore more than doubles again to AUD$321/T.
To answer your question I suspect the project was marginal at...
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
83.3¢ |
Change
-0.098(10.5%) |
Mkt cap ! $109.9M | |||
| Open | High | Low | Value | Volume |
| 91.0¢ | 91.0¢ | 83.0¢ | $1.966M | 2.270M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 28340 | 83.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 83.5¢ | 13230 | 12 |
View Market Depth
| Last trade - 13.07pm 31/07/2025 (20 minute delay) ? |
| SS1 (ASX) Chart |