SPR 8.53% $1.40 spartan resources limited

Just been considering WW and Simon's comment in the presentation...

  1. 5,528 Posts.
    lightbulb Created with Sketch. 2263
    Just been considering WW and Simon's comment in the presentation re drilling WW from UG "which has massive growth potential written all over it". and his rely to my question - the narrow roadway running between the historic Gilbeys pit edge and the adjacent historic tailings dam mean we only have a very narrow footprint to drill WW and 4P from surface. Drill drive gives us unimpeded drill access to both areas.”
    Originally posted by sabine:

    It is possible that due the narrow roadway that they also have not been able to drill WW and 4P from the best orientation to discover high grade ore like NN/Pepper. This was in the September 2023 announcement and showed NN/Pepper like grades at WW ie 11.64 g/t and 16.22 G/T over NN/Pepper like intervals of 15m and 8m. So my speculation is that there may well be another NN/Pepper under WW once they can drill unrestricted from UG at any angle they choose.

    For Ink and Patient Wolf (see images below) perhaps they did not understand the geology enough to identify more high grade ore like NN/Pepper grades but I bet they understand it now.

    Unfortunately we will need to wait until at least the first quarter next year to see what WW and 4P really contains. But PW, Ink and Arc assays should come much sooner. I may be wrong but I think all the geophysical surveys may have been completed after the previous drilling at PW, Arc and Ink ie they should now have a better idea where to drill at these opportunities.

    All speculation on my part but lots more drilling will unravel the mystery.

    https://hotcopper.com.au/data/attachments/6455/6455592-e66f45473a4b4eb21e1e073afdd9bf2f.jpg
    https://hotcopper.com.au/data/attachments/6455/6455604-30849ef014e65888eefc79bc7f89766f.jpg
    https://hotcopper.com.au/data/attachments/6455/6455611-4ceeec3c7cf79586a6558aab6cc0c1eb.jpg

    https://hotcopper.com.au/data/attachments/6455/6455615-e711b84a6efaea46275b469fe70068ac.jpg
 
watchlist Created with Sketch. Add SPR (ASX) to my watchlist
(20min delay)
Last
$1.40
Change
0.110(8.53%)
Mkt cap ! $1.549B
Open High Low Value Volume
$1.30 $1.40 $1.30 $9.334M 6.813M

Buyers (Bids)

No. Vol. Price($)
1 724 $1.38
 

Sellers (Offers)

Price($) Vol. No.
$1.40 255089 4
View Market Depth
Last trade - 16.10pm 12/09/2024 (20 minute delay) ?
SPR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.