SFR might be setting itself up for gold processing at DeGrussa from tailings etc. It also might be on to a nice gold field at Morcks Well ( farm-in by SFR on AUR's land) in central Bryah Basin south west of DeGrussa, the western end of the relevant tenements being adjacent to the Durack Gold Resource which is owned 85% by WGX I believe.
Above Durack is Harmony, Enigma and Peak Hill gold areas which I still think are held by WGX. Is that correct? Peak Hill was acquired by MLX 5 years ago from RNI/AURIS.
SFR might soon become a cornerstone investor of AUR if the 1m oz gold resource at Sams Creek NZ deal goes ahead. AUR will own Sams Creek if it does finalise and SFR will hold 19.99% of AUR.
AUR owns Feathercap 100%. F'cap adjoins Durack and Morcks Well.
AUR (80%) and WGX (20%) share ownership of the Forrest Project tenements just south of Fortnum. WGX has all of the gold rights for AUR's 80% though. They share base metals and other precious metals 80/20.
AUR has tenements to the north of Fortnum.
Thoughts?
WGX Price at posting:
$2.62 Sentiment: Buy Disclosure: Not Held
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